10-Q Filing

CEETOP INC. CIK: 1439254 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001213900-13-002526`
Period End Date	20130331
Filing Date	20130515
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	ctop-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 34 Cash Flow Statement 34 Stockholders Equity 16

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$179.87K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$234.63K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$248.34K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$256.57K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Common Stock, par value (In dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.45K	USD	Point-in-time
Common Stock, par value (In dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$262.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Accounts receivable, net of provision of $234,635 (2012 : $179,867)	`AccountsReceivableGrossCurrent`	$232.23K	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
Accounts receivable, net of provision of $234,635 (2012 : $179,867)	`AccountsReceivableGrossCurrent`	$285.18K	USD	Point-in-time
Deposits and other receivables	`DepositsAssetsCurrent`	$92.37K	USD	Point-in-time
Deposits and other receivables	`DepositsAssetsCurrent`	$172.51K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.80M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.79M	shares	Point-in-time
Prepayments	`PrepaidExpenseCurrent`	$6.50K	USD	Point-in-time
Prepayments	`PrepaidExpenseCurrent`	$1.59K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	16.79M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	16.80M	shares	Point-in-time
Preferred stock, par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$383.64K	USD	Point-in-time
Preferred stock, par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$535.80K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $256,751 (2012 : $248,335)	`PropertyPlantAndEquipmentNet`	$17.83K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $256,751 (2012 : $248,335)	`PropertyPlantAndEquipmentNet`	$10.63K	USD	Point-in-time
Total Assets	`Assets`	$553.63K	USD	Point-in-time
Total Assets	`Assets`	$394.27K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$697.55K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$671.78K	USD	Point-in-time
Total Current and Total Liabilities	`Liabilities`	$697.55K	USD	Point-in-time
Total Current and Total Liabilities	`Liabilities`	$671.78K	USD	Point-in-time
Common stock, USD0.001 par value, 100,000,000 shares authorized, 16,802,631 and 16,790,631 shares issued and outstanding at March 31, 2013 and December 31, 2012 respectively	`CommonStockValue`	$16.79K	USD	Point-in-time
Common stock, USD0.001 par value, 100,000,000 shares authorized, 16,802,631 and 16,790,631 shares issued and outstanding at March 31, 2013 and December 31, 2012 respectively	`CommonStockValue`	$16.80K	USD	Point-in-time
Preferred stock, USD0.001 par value	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, USD0.001 par value	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$5.84M	USD	Point-in-time
Common stock issued for prepaid service	`DeferredCompensationEquity`	$394.66K	USD	Point-in-time
Common stock issued for prepaid service	`DeferredCompensationEquity`	$318.91K	USD	Point-in-time
Statutory reserve	`OtherAdditionalCapital`	-	USD	Point-in-time
Statutory reserve	`OtherAdditionalCapital`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$116.76K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$116.58K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$108.19K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.93M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.72M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$931.49K	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$-277.51K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$394.27K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$553.63K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueServicesNet`	$1.31M	USD	1 Quarter
Sales	`SalesRevenueServicesNet`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.25M	USD	1 Quarter
Gross profit	`GrossProfit`	$64.09K	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$81.19K	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$76.00K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$221.36K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$133.77K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-238.46K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-209.77K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$165.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$165.00	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.00	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-238.30K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-1.39M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-209.77K	USD	1 Quarter
Basic - note 3)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.80M	shares	1 Quarter
Basic - note 3)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.84M	shares	1 Quarter
Diluted - note 3)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.80M	shares	1 Quarter
Diluted - note 3)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.84M	shares	1 Quarter
Basic - note 3)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Basic - note 3)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted - note 3)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted - note 3)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-238.30K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-1.39M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-209.77K	USD	1 Quarter
Gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.95K	USD	1 Quarter
Gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$180.00	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-209.59K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-231.35K	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-238.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-209.77K	USD	1 Quarter
Depreciation	`Depreciation`	$9.51K	USD	1 Quarter
Depreciation	`Depreciation`	$7.24K	USD	1 Quarter
Depreciation	`Depreciation`	$248.34K	USD	Annual
Share-based payment expense	`ShareBasedCompensation`	$81.19K	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$76.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$54.06K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.82K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$134.03K	USD	1 Quarter
Other receivable, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-85.05K	USD	1 Quarter
Other receivable, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$368.25K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	-	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$65.07K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$169.62K	USD	1 Quarter
Accrued expense and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-25.77K	USD	1 Quarter
Accrued expense and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-54.63K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.01K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-599.97K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$844.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.55K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.16K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-593.42K	USD	1 Quarter
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$57.45K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$262.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$57.45K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$262.30K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$931.49K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-277.51K	USD	Point-in-time
Foreign currency translation adjustments - note 9)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.39K	USD	Annual
Foreign currency translation adjustments - note 9)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$180.00	USD	1 Quarter
Record of common stock for prepaid service - note 7	`AmortizationOfCommonStockForPrepaidService`	$75.76K	USD	1 Quarter
Record of common stock for prepaid service - note 7	`AmortizationOfCommonStockForPrepaidService`	$308.08K	USD	Annual
Issuance of common stock for Legal adviser - notes 5, 7	`StockIssuedDuringPeriodValueForLegalAdviser`	$800.00	USD	Annual
Issuance of common stock for Legal adviser - notes 5, 7	`StockIssuedDuringPeriodValueForLegalAdviser`	$240.00	USD	1 Quarter
Issuance of common stock for consultancy service - notes 5, 7	`StockIssuedDuringPeriodForConsultancyServiceValue`	$720.00	USD	Annual
Net loss	`NetIncomeLoss`	$-238.30K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-209.77K	USD	1 Quarter
Balance	`StockholdersEquity`	$931.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$-277.51K	USD	Point-in-time

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