10-K Filing

ADAMANT DRI PROCESSING & MINERALS GROUP CIK: 1171008 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001193805-17-000646`
Period End Date	20161231
Filing Date	20170417
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	uhfi-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 83 Income Statement 42 Cash Flow Statement 56 Stockholders Equity 11

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.76M	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.96K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	63.76M	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	$86.52K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$94.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	63.76M	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
Advance to suppliers	`AdvanceToSuppliers`	$67.19K	USD	Point-in-time
Advance to suppliers	`AdvanceToSuppliers`	$16.35K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Value-added tax receivable	`ValueAddedTaxReceivable`	$2.65M	USD	Point-in-time
Value-added tax receivable	`ValueAddedTaxReceivable`	$2.90M	USD	Point-in-time
Inventory, net	`InventoryGross`	$693.52K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventory, net	`InventoryGross`	$1.46M	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$4.45M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.54M	USD	Point-in-time
Advance to suppliers for construction and equipment	`AdvanceToSuppliersForConstructionAndEquipment`	-	USD	Point-in-time
Advance to suppliers for construction and equipment	`AdvanceToSuppliersForConstructionAndEquipment`	$-37.27K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$26.99M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$24.58M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.32M	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$3.01M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$8.07M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$6.04M	USD	Point-in-time
Goodwill	`Goodwill`	$5.77M	USD	Point-in-time
Goodwill	`Goodwill`	$6.16M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$39.40M	USD	Point-in-time
Total noncurrent assets	`AssetsNoncurrent`	$44.58M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$49.03M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$42.94M	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	-	USD	Point-in-time
Bank overdraft	`BankOverdrafts`	$94.17K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.09M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$10.93M	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$11.28M	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$127.31K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$119.17K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$187.40K	USD	Point-in-time
Short term loan	`ShortTermBorrowings`	$200.20K	USD	Point-in-time
Payable to contractors	`PayableToContractors`	$792.85K	USD	Point-in-time
Payable to contractors	`PayableToContractors`	$846.99K	USD	Point-in-time
Advance from related parties	`AdvanceFromRelatedParty`	$39.95M	USD	Point-in-time
Advance from related parties	`AdvanceFromRelatedParty`	$40.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.14M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$55.54M	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxAssetsLiabilitiesNet`	$-34.90K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxAssetsLiabilitiesNet`	$-2.48K	USD	Point-in-time
Accrued expense	`AccruedExpense`	$-11.80K	USD	Point-in-time
Accrued expense	`AccruedExpense`	$-12.61K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$47.50K	USD	Point-in-time
Total noncurrent liabilities	`LiabilitiesNoncurrent`	$14.29K	USD	Point-in-time
Total liabilities	`Liabilities`	$55.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$57.19M	USD	Point-in-time
Convertible preferred stock: $0.001 par value; 1,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock: $0.001 par value; 1,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; authorized shares 100,000,000; issued and outstanding 63,760,110 shares	`CommonStockValue`	$63.76K	USD	Point-in-time
Common stock, $0.001 par value; authorized shares 100,000,000; issued and outstanding 63,760,110 shares	`CommonStockValue`	$63.76K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.02M	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`	$1.04M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$1.74M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-21.99M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.76M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-8.15M	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$704.93K	USD	Point-in-time
Total stockholders' deficit	`StockholdersEquity`	$-12.61M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$49.03M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$42.94M	USD	Point-in-time

Income Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$613.29K	USD	Annual
Net Sales	`SalesRevenueNet`	$720.44K	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$1.21M	USD	Annual
Cost of Goods Sold	`CostOfGoodsSold`	$293.79K	USD	Annual
Gross profit (loss)	`GrossProfit`	$-486.59K	USD	Annual
Gross profit (loss)	`GrossProfit`	$319.50K	USD	Annual
Trial production related expenses	`OperatingCostsAndExpenses`	-	USD	Annual
Trial production related expenses	`OperatingCostsAndExpenses`	$1.80M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$3.73M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$4.43M	USD	Annual
Impairment provision for fixed assets	`AssetImpairmentCharges`	$1.19M	USD	Annual
Impairment provision for fixed assets	`AssetImpairmentCharges`	-	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.72M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.43M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-7.21M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-4.11M	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$212.00	USD	Annual
Interest income	`InterestIncomeExpenseNet`	$546.00	USD	Annual
Other expense	`OtherExpenses`	$20.66K	USD	Annual
Other expense	`OtherExpenses`	$98.50K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$-835.93K	USD	Annual
Loss on disposal of fixed assets	`GainLossOnDispositionOfAssets`	-	USD	Annual
Interest expense	`InterestExpenseDebt`	$1.05M	USD	Annual
Interest expense	`InterestExpenseDebt`	$1.12M	USD	Annual
Bank charges	`FinancialExpense`	$1.12K	USD	Annual
Bank charges	`FinancialExpense`	$994.00	USD	Annual
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-1.98M	USD	Annual
Total non-operating expenses, net	`NonoperatingIncomeExpense`	$-1.15M	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-5.26M	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-9.19M	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-28.94K	USD	Annual
Income tax benefit	`IncomeTaxExpenseBenefit`	$-31.65K	USD	Annual
Net loss	`ProfitLoss`	$-9.16M	USD	Annual
Net loss	`ProfitLoss`	$-5.23M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$703.21K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToNoncontrollingInterest`	$305.05K	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-4.53M	USD	Annual
Net comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-8.86M	USD	Annual
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.76M	shares	Annual
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	63.76M	shares	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-9.16M	USD	Annual
Net loss	`ProfitLoss`	$-5.23M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$2.85M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.18M	USD	Annual
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	$-835.93K	USD	Annual
Loss on asset disposal	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	-	USD	Annual
Stock compensation expense	`ShareBasedCompensation`	$65.62K	USD	Annual
Inventory impairment provision	`InventoryWriteDown`	$-813.81K	USD	Annual
Inventory impairment provision	`InventoryWriteDown`	$271.19K	USD	Annual
Fixed assets impairment provision	`AssetImpairmentCharges`	$1.19M	USD	Annual
Fixed assets impairment provision	`AssetImpairmentCharges`	-	USD	Annual
Changes in deferred taxes	`ChangeInDeferredTax`	$-28.94K	USD	Annual
Changes in deferred taxes	`ChangeInDeferredTax`	$-31.65K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$98.50K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	-	USD	Annual
Advance to suppliers	`IncreaseDecreaseAdvanceToSuppliers`	$-800.92K	USD	Annual
Advance to suppliers	`IncreaseDecreaseAdvanceToSuppliers`	$-1.78K	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-1.11M	USD	Annual
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-2.74K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-415.69K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-1.51M	USD	Annual
Bank overdraft	`IncreaseDecreaseInBookOverdrafts`	$98.35K	USD	Annual
Bank overdraft	`IncreaseDecreaseInBookOverdrafts`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.62M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.50K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-168.86K	USD	Annual
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$1.10M	USD	Annual
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$64.77K	USD	Annual
Taxes payable	`IncreaseDecreaseInIncomeTaxes`	$55.80K	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.11M	USD	Annual
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-458.64K	USD	Annual
Proceeds from disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$887.23K	USD	Annual
Proceeds from disposal of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$348.30K	USD	Annual
Acquisition of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$317.88K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-317.88K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$538.93K	USD	Annual
Advance from (repayment to) related parties	`ProceedsFromRelatedPartyDebt`	$840.36K	USD	Annual
Advance from (repayment to) related parties	`ProceedsFromRelatedPartyDebt`	$-1.89M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.89M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$840.36K	USD	Annual
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashContinuingOperations`	$-4.27K	USD	Annual
EFFECT OF EXCHANGE RATE CHANGE ON CASH & EQUIVALENTS	`EffectOfExchangeRateOnCashContinuingOperations`	$-5.73K	USD	Annual
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$59.56K	USD	Annual
NET INCREASE (DECREASE) IN CASH & EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-242.29K	USD	Annual
CASH & EQUIVALENTS, BEGINNING OF YEAR	`Cash`	$26.96K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`Cash`	$269.25K	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`Cash`	$86.52K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`Cash`	$26.96K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`Cash`	$269.25K	USD	Point-in-time
CASH & EQUIVALENTS, END OF YEAR	`Cash`	$86.52K	USD	Point-in-time
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Income tax paid	`IncomeTaxesPaid`	-	USD	Annual
Interest paid	`InterestPaid`	$19.40K	USD	Annual
Interest paid	`InterestPaid`	$16.94K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-8.15M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$704.93K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-12.61M	USD	Point-in-time
Shares issued for consulting service	`StockIssuedDuringPeriodValueIssuedForServices`	$65.62K	USD	Annual
Net loss	`NetIncomeLoss`	$-5.23M	USD	Annual
Net loss	`NetIncomeLoss`	$-9.16M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossNetOfTax`	$305.05K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeLossNetOfTax`	$703.21K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-8.15M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$704.93K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-12.61M	USD	Point-in-time

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