10-Q Filing

CEETOP INC. CIK: 1439254 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001213900-13-004726`
Period End Date	20130630
Filing Date	20130821
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ctop-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 70 Cash Flow Statement 51 Stockholders Equity 21

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$179.87K	USD	Point-in-time
Allowances for doubtful accounts	`AllowanceForDoubtfulAccountsReceivable`	$257.68K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$248.34K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$263.72K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$76.98K	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`	$3.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Common Stock, par value (In dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net of provision of $257,678 (2012 : $179,867)	`AccountsReceivableGrossCurrent`	$285.18K	USD	Point-in-time
Accounts receivable, net of provision of $257,678 (2012 : $179,867)	`AccountsReceivableGrossCurrent`	$217.04K	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
Other receivables	`DepositsAssetsCurrent`	$172.51K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.79M	shares	Point-in-time
Other receivables	`DepositsAssetsCurrent`	$120.75K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.81M	shares	Point-in-time
Prepayments and deposits	`PrepaymentsAndDepositsCurrent`	$6.50K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	16.79M	shares	Point-in-time
Prepayments and deposits	`PrepaymentsAndDepositsCurrent`	$47.98K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	16.81M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$535.80K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$3.41M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $263,723 (2012 : $248,335)	`PropertyPlantAndEquipmentNet`	$104.88K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $263,723 (2012 : $248,335)	`PropertyPlantAndEquipmentNet`	$17.83K	USD	Point-in-time
Total Assets	`Assets`	$553.63K	USD	Point-in-time
Total Assets	`Assets`	$3.51M	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$445.02K	USD	Point-in-time
Accrued expenses and other payable	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$697.55K	USD	Point-in-time
Amount due to trustees	`DueToRelatedPartiesCurrent`	$3.53M	USD	Point-in-time
Amount due to trustees	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total Current and Total Liabilities	`Liabilities`	$697.55K	USD	Point-in-time
Total Current and Total Liabilities	`Liabilities`	$3.97M	USD	Point-in-time
Common stock, USD0.001 par value, 100,000,000 shares authorized, 16,806,631 and 16,790,631 shares issued and outstanding at June 30, 2013 and December 31, 2012 respectively	`CommonStockValue`	$16.81K	USD	Point-in-time
Common stock, USD0.001 par value, 100,000,000 shares authorized, 16,806,631 and 16,790,631 shares issued and outstanding at June 30, 2013 and December 31, 2012 respectively	`CommonStockValue`	$16.79K	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`	$249.65K	USD	Point-in-time
Statutory reserve	`OtherAdditionalCapital`	-	USD	Point-in-time
Statutory reserve	`OtherAdditionalCapital`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$108.19K	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`	$150.80K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.72M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-6.22M	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$931.49K	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$-463.24K	USD	Point-in-time
Stockholders' Equity	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$553.63K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.51M	USD	Point-in-time

Income Statement 70 line items

Line Item	Tag	Value	Unit	Period
Sales, net	`SalesRevenueServicesNet`	$2.64M	USD	2 Qtrs
Sales, net	`SalesRevenueServicesNet`	-	USD	2 Qtrs
Sales, net	`SalesRevenueServicesNet`	-	USD	1 Quarter
Sales, net	`SalesRevenueServicesNet`	$1.33M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.31M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	1 Quarter
Cost of sales	`CostOfRevenue`	-	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$2.56M	USD	2 Qtrs
Gross profit	`GrossProfit`	$22.90K	USD	1 Quarter
Gross profit	`GrossProfit`	$86.99K	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$73.46K	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$155.45K	USD	2 Qtrs
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$74.26K	USD	1 Quarter
Stock based compensation	`AllocatedShareBasedCompensationExpense`	$149.45K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$222.23K	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$356.00K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$444.93K	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$223.57K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-505.46K	USD	2 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-274.93K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-295.69K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-513.39K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.46K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$184.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.46K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$19.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$732.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	-	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	-	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$732.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$916.00	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$2.46K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$2.46K	USD	2 Qtrs
Total other income	`NonoperatingIncomeExpense`	$751.00	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-1.39M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-274.18K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-512.48K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Basic - note 3)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.84M	shares	1 Quarter
Basic - note 3)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.80M	shares	1 Quarter
Basic - note 3)	`WeightedAverageNumberOfSharesOutstandingBasic`	16.80M	shares	2 Qtrs
Basic - note 3)	`WeightedAverageNumberOfSharesOutstandingBasic`	35.84M	shares	2 Qtrs
Diluted - note 3)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.80M	shares	1 Quarter
Diluted - note 3)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.84M	shares	1 Quarter
Diluted - note 3)	`WeightedAverageNumberOfDilutedSharesOutstanding`	35.84M	shares	2 Qtrs
Diluted - note 3)	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.80M	shares	2 Qtrs
Basic - note 3)	`EarningsPerShareBasic`	$-0.03	USD	2 Qtrs
Basic - note 3)	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Basic - note 3)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Basic - note 3)	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
Diluted - note 3)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Diluted - note 3)	`EarningsPerShareDiluted`	$-0.03	USD	2 Qtrs
Diluted - note 3)	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
Diluted - note 3)	`EarningsPerShareDiluted`	$-0.01	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-1.39M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-274.18K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-512.48K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Other comprehensive income - gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$34.22K	USD	2 Qtrs
Other comprehensive income - gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.49K	USD	2 Qtrs
Other comprehensive income - gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$34.04K	USD	1 Quarter
Other comprehensive income - gain on foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$536.00	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-273.64K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-504.99K	USD	2 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-259.19K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-468.78K	USD	2 Qtrs

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-274.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-512.48K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Depreciation	`Depreciation`	$2.82K	USD	1 Quarter
Depreciation	`Depreciation`	$21.73K	USD	2 Qtrs
Depreciation	`Depreciation`	$10.06K	USD	2 Qtrs
Depreciation	`Depreciation`	$12.22K	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$155.45K	USD	2 Qtrs
Share-based payment expense	`ShareBasedCompensation`	$149.45K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$73.16K	USD	2 Qtrs
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$185.71K	USD	2 Qtrs
Advances to suppliers	`AdvancesToSuppliers`	$-146.38K	USD	2 Qtrs
Advances to suppliers	`AdvancesToSuppliers`	-	USD	2 Qtrs
Other receivable, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$194.08K	USD	2 Qtrs
Other receivable, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-10.28K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$844.73K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$169.73K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	-	USD	2 Qtrs
Deposits from customers	`ProceedsFromDepositsFromCustomers`	$36.38K	USD	2 Qtrs
Deposits from customers	`ProceedsFromDepositsFromCustomers`	-	USD	2 Qtrs
Accrued expense and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-252.52K	USD	2 Qtrs
Accrued expense and other payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$29.59K	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-512.57K	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.47M	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.90K	USD	2 Qtrs
Acquisition of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.90K	USD	2 Qtrs
Net cash (used in)/provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Advance from a director	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Advance from a director	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$684.72K	USD	2 Qtrs
Net amounts due to trustees	`NetAmountsDueToTrustees`	$-3.53M	USD	2 Qtrs
Net amounts due to trustees	`NetAmountsDueToTrustees`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$684.72K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.53M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$29.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.05K	USD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.95M	USD	2 Qtrs
Net increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-778.73K	USD	2 Qtrs
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$76.98K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$76.98K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$931.49K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-463.24K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Foreign currency translation adjustments - note 10	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.39K	USD	Annual
Foreign currency translation adjustments - note 10	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.22K	USD	2 Qtrs
Foreign currency translation adjustments - note 10	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$180.00	USD	1 Quarter
Foreign currency translation adjustments - note 10	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$34.04K	USD	1 Quarter
Record of common stock for prepaid service - note 8	`AmortizationOfCommonStockForPrepaidService`	$308.08K	USD	Annual
Record of common stock for prepaid service - note 8	`AmortizationOfCommonStockForPrepaidService`	$145.01K	USD	2 Qtrs
Issuance of common stock for Legal adviser - notes 6, 8	`StockIssuedDuringPeriodValueForLegalAdviser`	$4.44K	USD	2 Qtrs
Issuance of common stock for Legal adviser - notes 6, 8	`StockIssuedDuringPeriodValueForLegalAdviser`	$800.00	USD	Annual
Issuance of common stock for consultancy service - notes 6, 8	`StockIssuedDuringPeriodForConsultancyServiceValue`	$720.00	USD	Annual
Cancellation of shares - note 6	`CancellationOfShare`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.39M	USD	Annual
Net loss	`NetIncomeLoss`	$-274.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-512.48K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Balance	`StockholdersEquity`	$931.49K	USD	Point-in-time
Balance	`StockholdersEquity`	$-463.24K	USD	Point-in-time
Balance	`StockholdersEquity`	$-143.92K	USD	Point-in-time

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