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10-Q Filing

GREEN DRAGON WOOD PRODUCTS, INC. CIK: 1417172 Q1 2013
Filing Information
Form Type 10-Q
Accession Number 0001185185-14-000336
Period End Date 20130630
Filing Date 20140214
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance gdwp-20130630.xml
Filing Contents
Balance Sheet 83 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Cash and cash equivalent CashAndCashEquivalentsAtCarryingValue $25.04K USD Point-in-time
Cash and cash equivalent CashAndCashEquivalentsAtCarryingValue $342.33K USD Point-in-time
Cash and cash equivalent CashAndCashEquivalentsAtCarryingValue $20.30K USD Point-in-time
Cash and cash equivalent CashAndCashEquivalentsAtCarryingValue $60.30K USD Point-in-time
Restricted cash RestrictedCashAndInvestmentsCurrent $909.94K USD Point-in-time
Restricted cash RestrictedCashAndInvestmentsCurrent $523.89K USD Point-in-time
Common Stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities MarketableSecuritiesCurrent - USD Point-in-time
Common Stock, par value (in Dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Marketable securities MarketableSecuritiesCurrent $380.77K USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $5.47M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $6.09M USD Point-in-time
Common stock, authorized CommonStockSharesAuthorized 450.00M shares Point-in-time
Common stock, authorized CommonStockSharesAuthorized 450.00M shares Point-in-time
Income tax recoverable IncomeTaxesReceivable $26.77K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 20.20M shares Point-in-time
Income tax recoverable IncomeTaxesReceivable $123.97K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 23.73M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 20.20M shares Point-in-time
Prepayments, deposits and other receivables PrepaidExpenseAndOtherAssetsCurrent $849.45K USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 23.73M shares Point-in-time
Prepayments, deposits and other receivables PrepaidExpenseAndOtherAssetsCurrent $1.12M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $8.70M USD Point-in-time
TOTAL CURRENT ASSETS AssetsCurrent $7.16M USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $49.45K USD Point-in-time
Plant and equipment, net PropertyPlantAndEquipmentNet $44.48K USD Point-in-time
Cash surrender value of life insurance, net CashSurrenderValueOfLifeInsurance $256.91K USD Point-in-time
Cash surrender value of life insurance, net CashSurrenderValueOfLifeInsurance $231.84K USD Point-in-time
Non-current portion of prepaid life insurance PrepaidExpenseOtherNoncurrent $107.24K USD Point-in-time
Non-current portion of prepaid life insurance PrepaidExpenseOtherNoncurrent $107.24K USD Point-in-time
TOTAL NON-CURRENT ASSETS AssetsNoncurrent $388.52K USD Point-in-time
TOTAL NON-CURRENT ASSETS AssetsNoncurrent $408.63K USD Point-in-time
TOTAL ASSETS Assets $7.57M USD Point-in-time
TOTAL ASSETS Assets $9.09M USD Point-in-time
Revolving lines of credit LinesOfCreditCurrent $3.88M USD Point-in-time
Revolving lines of credit LinesOfCreditCurrent $3.28M USD Point-in-time
Current portion of long-term bank loan LongTermDebtCurrent $154.57K USD Point-in-time
Current portion of long-term bank loan LongTermDebtCurrent $154.68K USD Point-in-time
Short-term bank loan ShortTermBorrowings $132.08K USD Point-in-time
Short-term bank loan ShortTermBorrowings $257.62K USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $987.71K USD Point-in-time
Accounts payable, trade AccountsPayableCurrent $1.41M USD Point-in-time
Accrued liabilities and other payables AccountsPayableAndAccruedLiabilitiesCurrent $504.90K USD Point-in-time
Accrued liabilities and other payables AccountsPayableAndAccruedLiabilitiesCurrent $608.62K USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent $94.20K USD Point-in-time
Income tax payable AccruedIncomeTaxesCurrent - USD Point-in-time
Amount due to a director DueToOfficersOrStockholdersCurrent $29.26K USD Point-in-time
Amount due to a director DueToOfficersOrStockholdersCurrent $28.30K USD Point-in-time
Obligation under finance lease CapitalLeaseObligationsCurrent $11.84K USD Point-in-time
Obligation under finance lease CapitalLeaseObligationsCurrent $11.71K USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $5.09M USD Point-in-time
TOTAL CURRENT LIABILITIES LiabilitiesCurrent $6.45M USD Point-in-time
Obligation under finance lease CapitalLeaseObligationsNoncurrent $43.70K USD Point-in-time
Obligation under finance lease CapitalLeaseObligationsNoncurrent $40.73K USD Point-in-time
Long-term bank loan LongTermLoansFromBank $116.55K USD Point-in-time
Long-term bank loan LongTermLoansFromBank $154.57K USD Point-in-time
TOTAL NON-CURRENT LIABILITIES LiabilitiesNoncurrent $198.28K USD Point-in-time
TOTAL NON-CURRENT LIABILITIES LiabilitiesNoncurrent $157.28K USD Point-in-time
TOTAL LIABILITIES Liabilities $5.25M USD Point-in-time
TOTAL LIABILITIES Liabilities $6.65M USD Point-in-time
Preferred stock, $0.001 par value; 50,000,000 preferred shares authorized; 2,000,000 shares issued and outstanding PreferredStockValueOutstanding $2.00K USD Point-in-time
Preferred stock, $0.001 par value; 50,000,000 preferred shares authorized; 2,000,000 shares issued and outstanding PreferredStockValueOutstanding $2.00K USD Point-in-time
Common stock, $0.001 par value; 450,000,000 shares authorized; 23,725,000 and 20,200,000 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 20,200,000 shares issued and outstanding, respectively CommonStockValueOutstanding $20.20K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $1.22M 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 $431.51K USD Point-in-time
Deferred stock-based compensation DeferredCompensationEquity $473.06K USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.59M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.71M USD Point-in-time
Accumulated other comprehensive (loss) gain AccumulatedOtherComprehensiveIncomeLossNetOfTax $51.40K USD Point-in-time
Accumulated other comprehensive (loss) gain AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.64K USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $2.37M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $2.32M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $2.44M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $9.09M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $7.57M USD Point-in-time
Income Statement 41 line items
Line Item Tag Value Unit Period
Revenues, net Revenues $5.84M USD 1 Quarter
Revenues, net Revenues $2.47M USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $2.32M USD 1 Quarter
Cost of revenue CostOfGoodsAndServicesSold $5.41M USD 1 Quarter
Gross profit GrossProfit $438.04K USD 1 Quarter
Gross profit GrossProfit $151.03K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $277.57K USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $237.81K USD 1 Quarter
Total operating expenses OperatingExpenses $237.81K USD 1 Quarter
Total operating expenses OperatingExpenses $277.57K USD 1 Quarter
(LOSS) INCOME FROM OPERATIONS OperatingIncomeLoss $-126.53K USD 1 Quarter
(LOSS) INCOME FROM OPERATIONS OperatingIncomeLoss $200.22K USD 1 Quarter
Foreign exchange (loss) gain, net ForeignCurrencyTransactionGainLossBeforeTax $-17.92K USD 1 Quarter
Foreign exchange (loss) gain, net ForeignCurrencyTransactionGainLossBeforeTax $55.75K USD 1 Quarter
Interest income InvestmentIncomeInterest $113.00 USD 1 Quarter
Interest income InvestmentIncomeInterest $8.78K USD 1 Quarter
Interest expense InterestExpense $47.17K USD 1 Quarter
Interest expense InterestExpense $62.45K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $11.07K USD 1 Quarter
Other income OtherNonoperatingIncomeExpense $84.70K USD 1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-113.43K USD 1 Quarter
(LOSS) INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $219.99K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $36.45K USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $9.10K USD 1 Quarter
NET (LOSS) INCOME NetIncomeLoss $-22.22K USD Annual
NET (LOSS) INCOME NetIncomeLoss $-122.53K USD 1 Quarter
NET (LOSS) INCOME NetIncomeLoss $183.54K USD 1 Quarter
- Unrealized holding loss on available-for-sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
- Unrealized holding loss on available-for-sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $44.28K USD Annual
- Unrealized holding loss on available-for-sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-8.30K USD 1 Quarter
- Reclassification adjustment for disposal of available-sales-securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $52.36K USD 1 Quarter
- Reclassification adjustment for disposal of available-sales-securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
- Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $17.00K USD Annual
- Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.68K USD 1 Quarter
- Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.64K USD 1 Quarter
COMPREHENSIVE (LOSS) INCOME ComprehensiveIncomeNetOfTax $177.88K USD 1 Quarter
COMPREHENSIVE (LOSS) INCOME ComprehensiveIncomeNetOfTax $-178.57K USD 1 Quarter
Net (loss) income per share - Basic and diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $-0.01 USD 1 Quarter
Net (loss) income per share - Basic and diluted (in Dollars per share) EarningsPerShareBasicAndDiluted $0.92 USD 1 Quarter
Weighted average common shares outstanding during the period - Basic and diluted (in Shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 200,000.00 shares 1 Quarter
Weighted average common shares outstanding during the period - Basic and diluted (in Shares) WeightedAverageNumberOfShareOutstandingBasicAndDiluted 22.10M shares 1 Quarter
Cash Flow Statement 65 line items
Line Item Tag Value Unit Period
Net (loss) income NetIncomeLoss $-22.22K USD Annual
Net (loss) income NetIncomeLoss $-122.53K USD 1 Quarter
Net (loss) income NetIncomeLoss $183.54K USD 1 Quarter
Depreciation Depreciation $1.31K USD 1 Quarter
Depreciation Depreciation $5.06K USD 1 Quarter
Stock-based compensation ShareBasedCompensation - USD 1 Quarter
Stock-based compensation ShareBasedCompensation $59.18K USD 1 Quarter
Net (gain) loss arising on changes in fair value of life insurance NetGainLossArisingOnChangesInFairValueOfLifeInsurance $-5.65K USD 1 Quarter
Net (gain) loss arising on changes in fair value of life insurance NetGainLossArisingOnChangesInFairValueOfLifeInsurance $5.26K USD 1 Quarter
Gain on disposal of available-for-sales securities GainLossOnSaleOfSecuritiesNet $84.70K USD 1 Quarter
Gain on disposal of available-for-sales securities GainLossOnSaleOfSecuritiesNet - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-624.83K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $762.56K USD 1 Quarter
Inventories IncreaseDecreaseInInventories - USD 1 Quarter
Inventories IncreaseDecreaseInInventories $613.82K USD 1 Quarter
Income tax recoverable IncreaseDecreaseInIncomeTaxesReceivable $-97.20K USD 1 Quarter
Income tax recoverable IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Prepayments, deposits and other receivables IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $267.67K USD 1 Quarter
Prepayments, deposits and other receivables IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-130.80K USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $-426.75K USD 1 Quarter
Accounts payable, trade IncreaseDecreaseInAccountsPayableTrade $1.45M USD 1 Quarter
Accrued liabilities and other payables IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-103.72K USD 1 Quarter
Accrued liabilities and other payables IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-176.96K USD 1 Quarter
Income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $-94.20K USD 1 Quarter
Income tax payable IncreaseDecreaseInAccruedIncomeTaxesPayable $19.53K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-318.56K USD 1 Quarter
Net cash (used in) provided by operating activities NetCashProvidedByUsedInOperatingActivities $239.78K USD 1 Quarter
Purchase of plant and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD 1 Quarter
Purchase of plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $64.00 USD 1 Quarter
Proceed from disposal of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities $393.36K USD 1 Quarter
Proceed from disposal of available-for-sale securities ProceedsFromSaleOfAvailableForSaleSecurities - USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $393.30K USD 1 Quarter
(Repayment of) proceeds from revolving lines of credit ProceedsFromRepaymentsOfLinesOfCredit $-607.06K USD 1 Quarter
(Repayment of) proceeds from revolving lines of credit ProceedsFromRepaymentsOfLinesOfCredit $169.34K USD 1 Quarter
Change in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $-720.00 USD 1 Quarter
Change in restricted cash ProceedsFromRepaymentsOfRestrictedCashFinancingActivities $386.06K USD 1 Quarter
Repayment of insurance policy loan RepaymentsOfOtherLongTermDebt $19.81K USD 1 Quarter
Repayment of insurance policy loan RepaymentsOfOtherLongTermDebt $19.03K USD 1 Quarter
Repayment of finance lease RepaymentsOfLongTermCapitalLeaseObligations - USD 1 Quarter
Repayment of finance lease RepaymentsOfLongTermCapitalLeaseObligations $2.85K USD 1 Quarter
Repayment of short-term bank loan RepaymentsOfShortTermDebt $125.54K USD 1 Quarter
Repayment of short-term bank loan RepaymentsOfShortTermDebt $19.69K USD 1 Quarter
Repayment of long-term bank loans RepaymentsOfLongTermDebt $38.17K USD 1 Quarter
Repayment of long-term bank loans RepaymentsOfLongTermDebt $37.91K USD 1 Quarter
Repayment to a director RepaymentsOfRelatedPartyDebt $959.00 USD 1 Quarter
Repayment to a director RepaymentsOfRelatedPartyDebt $373.78K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-408.07K USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-282.05K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $16.04K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $2.27K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-40.00K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-317.29K USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $25.04K USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $342.33K USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $20.30K USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $60.30K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $25.04K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $342.33K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $20.30K USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $60.30K USD Point-in-time
Interest paid InterestPaid $47.17K USD 1 Quarter
Interest paid InterestPaid $62.45K USD 1 Quarter
Income tax paid IncomeTaxesPaidNet - USD 1 Quarter
Income tax paid IncomeTaxesPaidNet $6.08K USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Balance StockholdersEquity $2.37M USD Point-in-time
Balance StockholdersEquity $2.32M USD Point-in-time
Balance StockholdersEquity $2.44M USD Point-in-time
Amortization of deferred stock-based compensation AmortizationOfDeferredShareBasedCompensation $41.55K USD 1 Quarter
Amortization of deferred stock-based compensation AmortizationOfDeferredShareBasedCompensation $26.94K USD Annual
Equity Settled Share based Payment StockIssuedDuringPeriodValueOther $17.62K USD 1 Quarter
Reclassification adjustment for disposal of available-for-sales securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax $52.36K USD 1 Quarter
Reclassification adjustment for disposal of available-for-sales securities OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax - USD 1 Quarter
Net Loss NetIncomeLoss $-22.22K USD Annual
Net Loss NetIncomeLoss $-122.53K USD 1 Quarter
Net Loss NetIncomeLoss $183.54K USD 1 Quarter
Unrealized gain on available-for-sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Unrealized gain on available-for-sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $44.28K USD Annual
Unrealized gain on available-for-sales securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-8.30K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $17.00K USD Annual
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-3.68K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.64K USD 1 Quarter
Balance StockholdersEquity $2.37M USD Point-in-time
Balance StockholdersEquity $2.32M USD Point-in-time
Balance StockholdersEquity $2.44M USD Point-in-time

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

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