10-K Filing

ADAMANT DRI PROCESSING & MINERALS GROUP CIK: 1171008 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001193805-15-000556`
Period End Date	20141231
Filing Date	20150414
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	uhfi-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 14

Balance Sheet 83 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.31K	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$269.25K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	101.00M	shares	Point-in-time
Inventory, net	`InventoryGross`	$2.25M	USD	Point-in-time
Inventory, net	`InventoryGross`	$692.86K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	24.79M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.76M	shares	Point-in-time
Advance to suppliers	`AdvanceToSuppliers`	-	USD	Point-in-time
Advance to suppliers	`AdvanceToSuppliers`	$886.54K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	24.79M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.76M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Value-added tax receivable	`ValueAddedTaxReceivable`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Value-added tax receivable	`ValueAddedTaxReceivable`	$3.13M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.12M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$4.89K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$7.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$725.06K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	1.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	1.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$8.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$32.46M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$536.70K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.64M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$10.14M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$7.43M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Goodwill	`Goodwill`	$6.54M	USD	Point-in-time
Advance to suppliers for construction and equipment	`AdvanceToSuppliersForConstructionAndEquipment`	$-155.74K	USD	Point-in-time
Advance to suppliers for construction and equipment	`AdvanceToSuppliersForConstructionAndEquipment`	$-1.05M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsGross`	$3.36K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsGross`	-	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$52.94M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$17.10M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$60.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$17.82M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$248.00	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$608.62K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$13.98M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$135.10K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$135.59K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$213.22K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$212.45K	USD	Point-in-time
Payable to contractors	`PayableToContractors`	$898.84K	USD	Point-in-time
Payable to contractors	`PayableToContractors`	$902.10K	USD	Point-in-time
Advance from related parties	`AdvanceFromRelatedParty`	$9.25M	USD	Point-in-time
Advance from related parties	`AdvanceFromRelatedParty`	$41.85M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$59.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$11.11M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxAssetsLiabilitiesNet`	$-66.49K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxAssetsLiabilitiesNet`	-	USD	Point-in-time
Accrued expense	`AccruedExpense`	$-13.38K	USD	Point-in-time
Accrued expense	`AccruedExpense`	$-13.43K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$13.43K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$79.87K	USD	Point-in-time
Total liabilities	`Liabilities`	$11.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$59.89M	USD	Point-in-time
Convertible preferred stock: $0.001 par value; 1,000,000 shares authorized, none and 1 share issued and outstanding at December 31, 2014 and 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock: $0.001 par value; 1,000,000 shares authorized, none and 1 share issued and outstanding at December 31, 2014 and 2013, respectively	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; authorized shares 100,000,000; issued and outstanding 63,760,110 and 24,786,212 shares at December 31, 2014 and 2013, respectively	`CommonStockValue`	$24.79K	USD	Point-in-time
Common stock, $0.001 par value; authorized shares 100,000,000; issued and outstanding 63,760,110 and 24,786,212 shares at December 31, 2014 and 2013, respectively	`CommonStockValue`	$63.76K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$5.28M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$6.95M	USD	Point-in-time
Statutory reserves	`StatutoryReserves`	$557.25K	USD	Point-in-time
Statutory reserves	`StatutoryReserves`	$557.25K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$733.36K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$794.67K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-7.60M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$38.99K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$6.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$704.93K	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$8.37M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$60.60M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$17.82M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$1.90M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.62M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-6.62M	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-1.90M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$-80.00	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$-501.00	USD	Annual
Other expense	`OtherExpenses`	$-11.11K	USD	Annual
Other expense	`OtherExpenses`	$48.00	USD	Annual
Interest expense	`InterestExpenseDebt`	$-1.04M	USD	Annual
Interest expense	`InterestExpenseDebt`	-	USD	Annual
Financial expense	`FinancialExpense`	$-1.34K	USD	Annual
Financial expense	`FinancialExpense`	$-516.00	USD	Annual
Total non-operating expenses, net	`OperatingExpenses`	$-1.05M	USD	Annual
Total non-operating expenses, net	`OperatingExpenses`	$-388.00	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-7.67M	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.90M	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	$-27.93K	USD	Annual
Net loss	`ProfitLoss`	$-1.90M	USD	Annual
Net loss	`ProfitLoss`	$-7.64M	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$226.35K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$-61.31K	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-7.70M	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.68M	USD	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	24.79M	shares	Annual
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	61.22M	shares	Annual
Basic net loss per share	`EarningsPerShareBasic`	$-0.08	USD	Annual
Basic net loss per share	`EarningsPerShareBasic`	$-0.12	USD	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	61.67M	shares	Annual
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.63M	shares	Annual
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.08	USD	Annual
Diluted net loss per share	`EarningsPerShareDiluted`	$-0.12	USD	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.90M	USD	Annual
Net loss	`ProfitLoss`	$-7.64M	USD	Annual
Changing in deferred tax	`ChangeInDeferredTax`	-	USD	Annual
Changing in deferred tax	`ChangeInDeferredTax`	$-27.93K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$873.48K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.12M	USD	Annual
Loss on assets disposal	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Loss on assets disposal	`GainLossOnDispositionOfAssets1`	$-6.22K	USD	Annual
Provision for inventory impairment	`InventoryWriteDown`	-	USD	Annual
Provision for inventory impairment	`InventoryWriteDown`	$837.08K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$346.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-188.67K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$1.11M	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	-	USD	Annual
Advance to suppliers	`IncreaseDecreaseAdvanceToSuppliers`	$882.55K	USD	Annual
Advance to suppliers	`IncreaseDecreaseAdvanceToSuppliers`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$94.18K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$68.62K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-7.07M	USD	Annual
Tax payable	`IncreaseDecreaseInIncomeTaxes`	$-1.09M	USD	Annual
Tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.57M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-960.91K	USD	Annual
Construction in progress	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$1.32M	USD	Annual
Construction in progress	`ConstructionInProgressExpendituresIncurredButNotYetPaid`	$6.19M	USD	Annual
Acquisition of China Huaxin, net of cash acquired	`AcquisitionOfChinaHuaxinNetOfCashAcquired`	$1.50M	USD	Annual
Acquisition of China Huaxin, net of cash acquired	`AcquisitionOfChinaHuaxinNetOfCashAcquired`	-	USD	Annual
Acquisition of fixed assets	`AcquisitionOfPropertyPlantEquipment`	-	USD	Annual
Acquisition of fixed assets	`AcquisitionOfPropertyPlantEquipment`	$1.10M	USD	Annual
Gain on disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$-21.31K	USD	Annual
Gain on disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.11M	USD	Annual
Advance to suppliers for construction	`AdvanceToSuppliersForConstruction`	$637.36K	USD	Annual
Advance to suppliers for construction	`AdvanceToSuppliersForConstruction`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.85M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.81M	USD	Annual
Short term loan	`ProceedsFromSubordinatedShortTermDebt`	-	USD	Annual
Short term loan	`ProceedsFromSubordinatedShortTermDebt`	$209.20K	USD	Annual
Advance from related party	`ProceedsFromRelatedPartyDebt`	$14.98M	USD	Annual
Advance from related party	`ProceedsFromRelatedPartyDebt`	$7.60M	USD	Annual
Proceeds from convertible debts	`ProceedsFromConvertibleDebt`	$1.64M	USD	Annual
Proceeds from convertible debts	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.81M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.62M	USD	Annual
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashContinuingOperations`	$-372.00	USD	Annual
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashContinuingOperations`	$841.00	USD	Annual
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-992.00	USD	Annual
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$241.94K	USD	Annual
CASH & EQUIVALENTS, BEGINNING OF YEAR	`Cash`	$27.31K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`Cash`	$269.25K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`Cash`	$28.30K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`Cash`	$27.31K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`Cash`	$269.25K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`Cash`	$28.30K	USD	Point-in-time
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$6.70M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$704.93K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$8.37M	USD	Point-in-time
Outstanding common stock of registrant at date of reverse merger, Amount	`OutstandingCommonStockOfRegistrantAtDateOfReverseMergerAmount`	-	USD	Annual
Conversion of preferred shares, Amount	`ConversionOfPreferredSharesAmount`	-	USD	Annual
Shares issued for acquisition of Huaxin, Amount	`StockIssuedDuringPeriodValueAcquisitions`	$71.40K	USD	Annual
Shares issued for conversion of convertible debts, Amount	`SharesIssuedForConversionOfConvertibleDebtsAmount`	$1.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-7.64M	USD	Annual
Net Loss	`NetIncomeLoss`	$-1.90M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossNetOfTax`	$226.35K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossNetOfTax`	$-61.31K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$6.70M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$704.93K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.37M	USD	Point-in-time

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