10-Q/A Filing

GREEN DRAGON WOOD PRODUCTS, INC. CIK: 1417172 Q1 2011

Filing Information

Form Type	10-Q/A
Accession Number	`0001013762-11-002463`
Period End Date	20110630
Filing Date	20110912
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	gdwp-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$95.39K	USD	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$100.51K	USD	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$4.83K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$289.08K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$650.10K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$650.73K	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$323.38K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$332.12K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.13M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$6.24M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$72.17K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Inventories	`InventoryNet`	$63.63K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	200,000.00	shares	Point-in-time
Prepayments, deposits and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	200,000.00	shares	Point-in-time
Prepayments, deposits and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$626.54K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$8.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	200,000.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	200,000.00	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$8.25M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$14.18K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$12.21K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.21M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$3.80M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$3.61M	USD	Point-in-time
Current portion of long-term bank loan	`LoansPayableToBankCurrent`	$154.21K	USD	Point-in-time
Current portion of long-term bank loan	`LoansPayableToBankCurrent`	$154.07K	USD	Point-in-time
Accounts payable, trade	`AccountsPayableCurrent`	$1.05M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableCurrent`	$1.31M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$294.99K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$233.06K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$63.32K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$55.52K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$150.21K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$196.67K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.56M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$5.51M	USD	Point-in-time
Long-term bank loan	`LongTermLoansFromBank`	$462.21K	USD	Point-in-time
Long-term bank loan	`LongTermLoansFromBank`	$424.08K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$424.08K	USD	Point-in-time
TOTAL NON-CURRENT LIABILITIES	`LiabilitiesNoncurrent`	$462.21K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.98M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.97M	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 preferred shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 preferred shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 450,000,000 shares authorized; 200,000 shares issued and outstanding, respectively	`CommonStockValue`	$200.00	USD	Point-in-time
Common stock, $0.001 par value; 450,000,000 shares authorized; 200,000 shares issued and outstanding, respectively	`CommonStockValue`	$200.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$644.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$644.30K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.62M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.21K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-28.71K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.21M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.26M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`SalesRevenueNet`	$4.70M	USD	1 Quarter
Revenues, net	`SalesRevenueNet`	$4.49M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$4.11M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$4.35M	USD	1 Quarter
Gross profit	`GrossProfit`	$349.76K	USD	1 Quarter
Gross profit	`GrossProfit`	$375.25K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$247.55K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$212.88K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$247.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$212.88K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$102.21K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$162.37K	USD	1 Quarter
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$123.89K	USD	1 Quarter
Foreign exchange gain (loss), net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-102.72K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$120.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$121.00	USD	1 Quarter
Interest expense	`InterestExpense`	$46.64K	USD	1 Quarter
Interest expense	`InterestExpense`	$31.57K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$36.57K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$216.15K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$28.21K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.93K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$35.78K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$180.36K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$23.28K	USD	1 Quarter
- Unrealized holding gain (loss) on available-for-sales securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-10.28K	USD	1 Quarter
- Unrealized holding gain (loss) on available-for-sales securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.46K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.04K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-5.04K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$33.78K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$165.05K	USD	1 Quarter
Net income per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.90	USD	1 Quarter
Net income per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Weighted average common shares outstanding during the period - Basic and diluted	`WeightedAverageCommonSharesOutstandingDuringPeriodBasicAndDiluted`	200,000.00	shares	1 Quarter
Weighted average common shares outstanding during the period - Basic and diluted	`WeightedAverageCommonSharesOutstandingDuringPeriodBasicAndDiluted`	200,000.00	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$180.36K	USD	1 Quarter
Net income	`NetIncomeLoss`	$23.28K	USD	1 Quarter
Depreciation	`Depreciation`	$1.95K	USD	1 Quarter
Depreciation	`Depreciation`	$1.97K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$106.12K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$100.66K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$151.90K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.54K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-437.11K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-23.34K	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$-170.68K	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$267.86K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-494.18K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-61.93K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-7.80K	USD	1 Quarter
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$35.78K	USD	1 Quarter
Amount due to a director	`IncreaseDecreaseInDueToOfficersAndStockholders`	$-110.55K	USD	1 Quarter
Amount due to a director	`IncreaseDecreaseInDueToOfficersAndStockholders`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-99.07K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-328.08K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$339.39K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-339.39K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
(Repayment of) proceeds from revolving lines of credit- net	`ProceedsFromRepaymentsOfLinesOfCredit`	$361.81K	USD	1 Quarter
(Repayment of) proceeds from revolving lines of credit- net	`ProceedsFromRepaymentsOfLinesOfCredit`	$-194.77K	USD	1 Quarter
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-626.00	USD	1 Quarter
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$339.36K	USD	1 Quarter
Repayment of long-term bank loan	`RepaymentsOfLongTermDebt`	$38.56K	USD	1 Quarter
Repayment of long-term bank loan	`RepaymentsOfLongTermDebt`	$37.98K	USD	1 Quarter
Advances from a director	`AdvancesFromDirector`	-	USD	1 Quarter
Advances from a director	`AdvancesFromDirector`	$-46.45K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-186.93K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$662.61K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-256.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.75K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-284.25K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.12K	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$95.39K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$100.51K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.83K	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$289.08K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$95.39K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$100.51K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.83K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$289.08K	USD	Point-in-time
Interest paid	`InterestPaid`	$86.09K	USD	1 Quarter
Interest paid	`InterestPaid`	$19.95K	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Income tax paid	`IncomeTaxesPaid`	$12.79K	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24M	USD	Point-in-time
Balance beginning	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27M	USD	Point-in-time
Balance beginning, shares	`CommonStockSharesOutstanding`	200,000.00	shares	Point-in-time
Balance beginning, shares	`CommonStockSharesOutstanding`	200,000.00	shares	Point-in-time
Net income for the period	`NetIncomeLoss`	$180.36K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$23.28K	USD	1 Quarter
Unrealized gain on available-for-sales securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-10.28K	USD	1 Quarter
Unrealized gain on available-for-sales securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$8.46K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$2.04K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-5.04K	USD	1 Quarter
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.24M	USD	Point-in-time
Balance ending	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$2.27M	USD	Point-in-time
Balance ending, shares	`CommonStockSharesOutstanding`	200,000.00	shares	Point-in-time
Balance ending, shares	`CommonStockSharesOutstanding`	200,000.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.