10-K Filing

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

Filing Information

Form Type	10-K
Accession Number	`0001144204-17-004234`
Period End Date	20160331
Filing Date	20170127
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	gdwp-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 34 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.44K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.60K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	2.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	2.00M	shares	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$266.05K	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$403.92K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	2.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.61M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.42M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	2.00M	shares	Point-in-time
Common Stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Amount due from a director	`DueFromRelatedPartiesCurrent`	$69.97K	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, deposits and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$1.83M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	450.00M	shares	Point-in-time
Prepayments, deposits and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.80M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	23.73M	shares	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`	$7.91K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$24.62K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.14M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.80M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$2.64M	USD	Point-in-time
Revolving lines of credit	`LinesOfCreditCurrent`	$4.65M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$1.14M	USD	Point-in-time
Accounts payable, trade	`AccountsPayableTradeCurrent`	$518.78K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsCurrent`	$13.19K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsCurrent`	$12.70K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$710.33K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$746.67K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.89M	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsNoncurrent`	$18.83K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsNoncurrent`	$5.64K	USD	Point-in-time
Total liabilities	`Liabilities`	$5.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.55M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized; 2,000,000 and 2,000,000 shares issued and outstanding, respectively	`PreferredStockValueOutstanding`	$2.00K	USD	Point-in-time
Preferred stock, $0.001 par value; 50,000,000 shares authorized; 2,000,000 and 2,000,000 shares issued and outstanding, respectively	`PreferredStockValueOutstanding`	$2.00K	USD	Point-in-time
Common stock, $0.001 par value; 450,000,000 shares authorized; 23,725,000 and 23,725,000 shares issued and outstanding, respectively	`CommonStockValueOutstanding`	$23.73K	USD	Point-in-time
Common stock, $0.001 par value; 450,000,000 shares authorized; 23,725,000 and 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`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.46K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.84K	USD	Point-in-time
(Accumulated loss) retained earnings	`RetainedEarningsAccumulatedDeficit`	$-888.53K	USD	Point-in-time
(Accumulated loss) retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.23M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.14M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.24M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$256.76K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.80M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$8.14M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenues, net	`Revenues`	$10.45M	USD	Annual
Revenues, net	`Revenues`	$4.34M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$9.54M	USD	Annual
Cost of revenue	`CostOfGoodsAndServicesSold`	$3.95M	USD	Annual
Gross profit	`GrossProfit`	$385.58K	USD	Annual
Gross profit	`GrossProfit`	$910.24K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.89M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$977.81K	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.89M	USD	Annual
Total operating expenses	`OperatingExpenses`	$977.81K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-67.57K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-2.50M	USD	Annual
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$46.95K	USD	Annual
Foreign exchange loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$46.60K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$1.56K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$482.00	USD	Annual
Interest expense	`InterestExpense`	$234.82K	USD	Annual
Interest expense	`InterestExpense`	$192.29K	USD	Annual
Other income	`OtherNonoperatingIncome`	$191.19K	USD	Annual
Other income	`OtherNonoperatingIncome`	$528.37K	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.12M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-62.69K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.12M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-62.69K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.70K	USD	Annual
Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-374.00	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-2.12M	USD	Annual
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-72.39K	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.09	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average common share outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.73M	shares	Annual
Weighted average common share outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	23.73M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.12M	USD	Annual
Net loss	`NetIncomeLoss`	$-62.69K	USD	Annual
Depreciation	`Depreciation`	$17.22K	USD	Annual
Depreciation	`Depreciation`	$18.09K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$166.67K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$139.72K	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	$2.00M	USD	Annual
Allowance for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-594.94K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.18M	USD	Annual
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$161.58K	USD	Annual
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$662.87K	USD	Annual
Income tax recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	Annual
Income tax recoverable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-26.79K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-137.01K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$625.66K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.34K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$145.56K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.72M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$88.61K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.75K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.75K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.37K	USD	Annual
Net (repayment of) proceeds from revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-2.01M	USD	Annual
Net (repayment of) proceeds from revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$204.75K	USD	Annual
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-8.03K	USD	Annual
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$137.87K	USD	Annual
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$12.23K	USD	Annual
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$12.70K	USD	Annual
Advance from (repayment to) a director	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$102.46K	USD	Annual
Advance from (repayment to) a director	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-188.75K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.26K	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-1.78M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-9.69K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-371.00	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$66.91K	USD	Annual
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-60.07K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$41.44K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$34.60K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$41.44K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$34.60K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$192.29K	USD	Annual
Cash paid for interest	`InterestPaid`	$234.82K	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$256.76K	USD	Point-in-time
Amortization of deferred stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$139.72K	USD	Annual
Amortization of deferred stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$166.67K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-2.12M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-62.69K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-9.70K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-374.00	USD	Annual
Balance	`StockholdersEquity`	$2.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.24M	USD	Point-in-time
Balance	`StockholdersEquity`	$256.76K	USD	Point-in-time

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