10-Q Filing

GREEN DRAGON WOOD PRODUCTS, INC. CIK: 1417172 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-004380`
Period End Date	20160630
Filing Date	20170127
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	gdwp-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 38 Cash Flow Statement 46 Stockholders Equity 8

Balance Sheet 60 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$520.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.59K	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	$266.05K	USD	Point-in-time
Restricted cash	`RestrictedCashAndInvestmentsCurrent`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.89M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.42M	USD	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`	-	USD	Point-in-time
Common Stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepayments and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$2.03M	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
Prepayments and other receivables	`PrepaidExpenseAndOtherAssetsCurrent`	$2.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.92M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	23.73M	shares	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.99K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.91K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.92M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.80M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$2.64M	USD	Point-in-time
Account payable, trade	`AccountsPayableTradeCurrent`	$1.41M	USD	Point-in-time
Account payable, trade	`AccountsPayableTradeCurrent`	$1.14M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$746.67K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.27M	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	$166.85K	USD	Point-in-time
Amount due to a director	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsCurrent`	$13.19K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsCurrent`	$13.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.54M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.73M	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsNoncurrent`	$5.64K	USD	Point-in-time
Obligation under finance lease	`CapitalLeaseObligationsNoncurrent`	$2.27K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.73M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.55M	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 issued and outstanding, respectively	`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 issued and outstanding, respectively	`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
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-888.53K	USD	Point-in-time
Accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-949.31K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.10K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.84K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$256.76K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$195.71K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.80M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.92M	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
REVENUE, NET	`Revenues`	$494.30K	USD	1 Quarter
REVENUE, NET	`Revenues`	$1.97M	USD	1 Quarter
COST OF REVENUES	`CostOfGoodsAndServicesSold`	$425.74K	USD	1 Quarter
COST OF REVENUES	`CostOfGoodsAndServicesSold`	$1.68M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$68.56K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$285.98K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$124.30K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$213.75K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$72.22K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-55.73K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-39.95K	USD	1 Quarter
Foreign exchange gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$11.78K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$105.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$106.00	USD	1 Quarter
Interest expense	`InterestExpense`	$47.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$56.98K	USD	1 Quarter
Other income	`OtherOperatingIncome`	$25.96K	USD	1 Quarter
Other income	`OtherOperatingIncome`	$30.83K	USD	1 Quarter
Total other expense	`OperatingExpenses`	$70.87K	USD	1 Quarter
Total other expense	`OperatingExpenses`	$5.05K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`NetIncomeLoss`	$-60.79K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES	`NetIncomeLoss`	$1.35K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET (LOSS) INCOME	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.35K	USD	1 Quarter
NET (LOSS) INCOME	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-60.79K	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-262.00	USD	1 Quarter
- Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$949.00	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$2.30K	USD	1 Quarter
COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-61.05K	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
- Basic	`EarningsPerShareBasic`	-	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
- Diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.73M	shares	1 Quarter
- Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	23.73M	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.73M	shares	1 Quarter
- Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.73M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-60.79K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$1.35K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$2.91K	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$4.60K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$41.55K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-515.84K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$465.45K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-183.38K	USD	1 Quarter
Prepayments, deposits and other receivables	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$35.62K	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$76.17K	USD	1 Quarter
Accounts payable, trade	`IncreaseDecreaseInAccountsPayableTrade`	$269.23K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.85K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$523.06K	USD	1 Quarter
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$868.75K	USD	1 Quarter
Net cash generated from operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$233.34K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.37K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-1.37K	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$773.61K	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$855.98K	USD	1 Quarter
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$762.00	USD	1 Quarter
Change in restricted cash	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$266.05K	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.26K	USD	1 Quarter
Repayment of finance lease	`RepaymentsOfLongTermCapitalLeaseObligations`	$3.12K	USD	1 Quarter
Advance from (repayment to) a director	`ProceedsFromRepaymentsOfAdvancesFromAffiliates`	$-98.90K	USD	1 Quarter
Advance from (repayment to) a director	`ProceedsFromRepaymentsOfAdvancesFromAffiliates`	$236.82K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-957.24K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-274.00K	USD	1 Quarter
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-257.00	USD	1 Quarter
Effect on exchange rate change on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$940.00	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.92K	USD	1 Quarter
NET CHANGE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-40.92K	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$520.00	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$41.44K	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.59K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$520.00	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$101.51K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$41.44K	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.59K	USD	Point-in-time
Cash paid for tax	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for tax	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$56.98K	USD	1 Quarter
Cash paid for interest	`InterestPaid`	$47.77K	USD	1 Quarter

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$256.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$195.71K	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-60.79K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$1.35K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-262.00	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$949.00	USD	1 Quarter
Balance	`StockholdersEquity`	$256.76K	USD	Point-in-time
Balance	`StockholdersEquity`	$195.71K	USD	Point-in-time

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