10-Q Filing

GREEN DRAGON WOOD PRODUCTS, INC. CIK: 1417172 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-003634`
Period End Date	20150630
Filing Date	20170124
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	gdwp-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 38 Cash Flow Statement 46 Stockholders Equity 9

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.59K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.60K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$90.03K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$403.16K	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$403.92K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.09M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.61M	USD	Point-in-time
Amount due from a director	`DueFromRelatedPartiesCurrent`	$271.33K	USD	Point-in-time
Amount due from a director	`DueFromRelatedPartiesCurrent`	$172.43K	USD	Point-in-time
Common Stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepayments and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.83M	USD	Point-in-time
Common Stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepayments and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.65M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.43M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.12M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.73M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.73M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.62K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$21.41K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.14M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.45M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$3.79M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$4.65M	USD	Point-in-time
Account payable, trade	`AccountsPayableTradeCurrent`	$518.78K	USD	Point-in-time
Account payable, trade	`AccountsPayableTradeCurrent`	$594.95K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$756.18K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$710.33K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsCurrent`	$12.70K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsCurrent`	$12.83K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.89M	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsNoncurrent`	$15.59K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsNoncurrent`	$18.83K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.17M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.91M	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 preferred shares authorized; Series A convertible Preferred Stock, 2,000,000 shares shares issued and outstanding	`PreferredStockValueOutstanding`	$2.00K	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 preferred shares authorized; Series A convertible Preferred Stock, 2,000,000 shares shares issued and outstanding	`PreferredStockValueOutstanding`	$2.00K	USD	Point-in-time
Common stock, $0.001 par value; 23,725,000 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$23.73K	USD	Point-in-time
Common stock, $0.001 par value; 23,725,000 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$23.73K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.24M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$100.00K	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$100.00K	USD	Point-in-time
Deferred stock-based compensation	`DeferredCompensationEquity`	$139.72K	USD	Point-in-time
Deferred stock-based compensation	`DeferredCompensationEquity`	$98.17K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.46K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.52K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.28M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.24M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$8.14M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$7.45M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUE, NET	`Revenues`	$1.97M	USD	1 Quarter
REVENUE, NET	`Revenues`	$3.10M	USD	1 Quarter
COST OF REVENUES	`CostOfGoodsAndServicesSold`	$1.68M	USD	1 Quarter
COST OF REVENUES	`CostOfGoodsAndServicesSold`	$2.85M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$285.98K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$251.62K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$240.17K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$213.75K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$11.46K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$72.22K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-39.95K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-11.35K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$329.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$106.00	USD	1 Quarter
Interest expense	`InterestExpense`	$56.98K	USD	1 Quarter
Interest expense	`InterestExpense`	$58.96K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$25.96K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$41.23K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-28.75K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-70.87K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.35K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-17.30K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$1.35K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-17.30K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$949.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$130.00	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$2.30K	USD	1 Quarter
COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-17.16K	USD	1 Quarter
- Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
- Basic (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
- Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
- Diluted (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
- Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.73M	shares	1 Quarter
- Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	23.73M	shares	1 Quarter
- Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.73M	shares	1 Quarter
- Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.73M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.35K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-17.30K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$4.60K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$3.97K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.55K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.55K	USD	1 Quarter
Accounts and retention receivable	`IncreaseDecreaseInAccountsReceivable`	$-515.84K	USD	1 Quarter
Accounts and retention receivable	`IncreaseDecreaseInAccountsReceivable`	$-542.69K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$348.50K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-183.38K	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$236.27K	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$76.17K	USD	1 Quarter
Bills receivable	`IncreaseDecreaseInFinanceReceivables`	-	USD	1 Quarter
Bills receivable	`IncreaseDecreaseInFinanceReceivables`	$1.19M	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$382.55K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.85K	USD	1 Quarter
Net cash generated from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-344.35K	USD	1 Quarter
Net cash generated from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$868.75K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$926.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-926.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.37K	USD	1 Quarter
(Repayment of) proceeds from revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$453.46K	USD	1 Quarter
(Repayment of) proceeds from revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-855.98K	USD	1 Quarter
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-52.49K	USD	1 Quarter
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$762.00	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.01K	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.12K	USD	1 Quarter
(Repayment to) advance from a director	`ProceedsFromRepaymentsOfAdvancesFromAffiliates`	$-98.90K	USD	1 Quarter
(Repayment to) advance from a director	`ProceedsFromRepaymentsOfAdvancesFromAffiliates`	$2.62K	USD	1 Quarter
Net cash (used in) generated from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-957.24K	USD	1 Quarter
Net cash (used in) generated from financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$400.58K	USD	1 Quarter
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$940.00	USD	1 Quarter
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$130.00	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$55.44K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.92K	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.59K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.60K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$90.03K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.59K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$34.60K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$90.03K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$56.98K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$58.96K	USD	1 Quarter

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.24M	USD	Point-in-time
Amortization of deferred stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$41.55K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$1.35K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$-17.30K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$949.00	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$130.00	USD	1 Quarter
Balance	`StockholdersEquity`	$2.28M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.24M	USD	Point-in-time

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