10-K Filing

CEETOP INC. CIK: 1439254 FY 2013

Filing Information

Form Type	10-K
Accession Number	`0001213900-14-002409`
Period End Date	20131231
Filing Date	20140415
Fiscal Year	2013
Fiscal Period	FY
XBRL Instance	ctop-20131231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 27 Cash Flow Statement 47 Stockholders Equity 28

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Common Stock, par value (In dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (In dollars per share)	`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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.79M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Accounts receivable (Note 3)	`AccountsReceivableGrossCurrent`	-	USD	Point-in-time
Accounts receivable (Note 3)	`AccountsReceivableGrossCurrent`	$285.18K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.96M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	16.79M	shares	Point-in-time
Other receivables	`DepositsAssetsCurrent`	$86.60K	USD	Point-in-time
Other receivables	`DepositsAssetsCurrent`	$172.51K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	$6.50K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	$22.99K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$227.90K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$535.80K	USD	Point-in-time
Prepayment for software development (Note 5)	`PrepaidSoftwareDevelopmentExpenses`	-	USD	Point-in-time
Prepayment for software development (Note 5)	`PrepaidSoftwareDevelopmentExpenses`	$981.64K	USD	Point-in-time
Property, plant and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$266.58K	USD	Point-in-time
Property, plant and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$17.83K	USD	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	$1.30M	USD	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	-	USD	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	8.50M	CNY	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	$1.38M	USD	Point-in-time
Total Assets	`Assets`	$2.78M	USD	Point-in-time
Total Assets	`Assets`	$553.63K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$335.23K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$697.55K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$335.23K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$697.55K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 17,956,631 and 16,790,631 shares issued and outstanding as at December 31, 2013 and 2012 (Note 8)	`CommonStockValue`	$17.96K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 17,956,631 and 16,790,631 shares issued and outstanding as at December 31, 2013 and 2012 (Note 8)	`CommonStockValue`	$16.79K	USD	Point-in-time
Shares subscription (Note 6)	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Shares subscription (Note 6)	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Additional paid-in capital (Note 9)	`AdditionalPaidInCapital`	$7.28M	USD	Point-in-time
Additional paid-in capital (Note 9)	`AdditionalPaidInCapital`	$5.84M	USD	Point-in-time
Deferred stock based compensation (Note 10)	`DeferredCompensationEquity`	$394.66K	USD	Point-in-time
Deferred stock based compensation (Note 10)	`DeferredCompensationEquity`	$117.28K	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$116.58K	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$188.67K	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$108.19K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.61M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-5.72M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-2.44M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$931.49K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.78M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$553.63K	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueServicesNet`	$4.77M	USD	Annual
Sales	`SalesRevenueServicesNet`	-	USD	Annual
Cost of sales	`CostOfRevenue`	-	USD	Annual
Cost of sales	`CostOfRevenue`	$4.88M	USD	Annual
Gross (loss)	`GrossProfit`	-	USD	Annual
Gross (loss)	`GrossProfit`	$-102.89K	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.12M	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$2.43M	USD	Annual
Impairment loss on accounts receivable	`ImparmentLossOnAccountsReceivable`	$178.72K	USD	Annual
Impairment loss on accounts receivable	`ImparmentLossOnAccountsReceivable`	$291.72K	USD	Annual
Impairment loss on other receivables	`ImparmentLossOnOtherReceivables`	$77.49K	USD	Annual
Impairment loss on other receivables	`ImparmentLossOnOtherReceivables`	-	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-1.40M	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-2.80M	USD	Annual
Equity (loss)-share of investee company (Note 4)	`IncomeLossFromEquityMethodInvestments`	$-89.47K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$4.99K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$4.01K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-1.39M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-2.89M	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$72.09K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$8.39K	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-1.39M	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-2.81M	USD	Annual
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	Annual
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	28.72M	shares	Annual
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.89M	shares	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-1.39M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-2.89M	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$42.31K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$33.74K	USD	Annual
Share based expenses	`ShareBasedCompensation`	$309.60K	USD	Annual
Share based expenses	`ShareBasedCompensation`	$1.72M	USD	Annual
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$178.72K	USD	Annual
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$291.72K	USD	Annual
Impairment loss on other receivables	`ProvisionForDoubtfulAccounts`	$77.49K	USD	Annual
Impairment loss on other receivables	`ProvisionForDoubtfulAccounts`	-	USD	Annual
Share of loss in equity investment in Softview	`IncomeLossFromEquityMethodInvestments`	$-89.47K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$366.98K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$115.89K	USD	Annual
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$4.20K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-194.34K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	-	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$359.26K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-362.32K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.04M	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-792.01K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$278.66K	USD	Annual
Prepayment for software development	`PrepaymentsToSoftwareDevelopmentCosts`	-	USD	Annual
Prepayment for software development	`PrepaymentsToSoftwareDevelopmentCosts`	$968.63K	USD	Annual
Equity investment in Softview	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$1.37M	USD	Annual
Equity investment in Softview	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	-	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.62M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Funds received from potential share subscribers (note 6)	`FundsReceivedFromPotentialSharesSubscribers`	-	USD	Annual
Funds received from potential share subscribers (note 6)	`FundsReceivedFromPotentialSharesSubscribers`	$4.66M	USD	Annual
Funds returned to potential share subscribers (note 6)	`FundsReturnedToPotentialSharesSubscribers`	-	USD	Annual
Funds returned to potential share subscribers (note 6)	`FundsReturnedToPotentialSharesSubscribers`	$983.70K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.68M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.91K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.59K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-784.11K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$46.69K	USD	Annual
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$855.71K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$13.25K	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$-2.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$931.49K	USD	Point-in-time
Beginning Balance, (shares)	`SharesOutstanding`	-	shares	Point-in-time
Beginning Balance, (shares)	`SharesOutstanding`	-	shares	Point-in-time
Foreign currency translation adjustments (Note 12)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$72.09K	USD	Annual
Foreign currency translation adjustments (Note 12)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$8.39K	USD	Annual
Amortization of deferred stock based compensation (Note 10)	`AmortizationOfCommonStockForPrepaidService`	$308.08K	USD	Annual
Amortization of deferred stock based compensation (Note 10)	`AmortizationOfCommonStockForPrepaidService`	$277.38K	USD	Annual
Issuance of common stock to employees (Notes 8, 10)	`StockIssuedDuringPeriodValueIssuedToEmployees`	$1.44M	USD	Point-in-time
Issuance of common stock to employees (Notes 8, 10)	`StockIssuedDuringPeriodValueIssuedToEmployees`	$1.44M	USD	Annual
Issuance of common stock to employees (Notes 8, 10) (Shares)	`StockIssuedDuringPeriodSharesIssuedToEmployees`	1.15M	shares	Point-in-time
Issuance of common stock for legal services (Notes 8, 10)	`StockIssuedDuringPeriodValueForLegalAdviser`	$4.44K	USD	Annual
Issuance of common stock for legal services (Notes 8, 10)	`StockIssuedDuringPeriodValueForLegalAdviser`	$800.00	USD	Annual
Issuance of common stock for legal services (Notes 8, 10) (Shares)	`StockIssuedDuringPeriodSharesForLegalAdviser`	-	shares	Annual
Issuance of common stock for legal services (Notes 8, 10) (Shares)	`StockIssuedDuringPeriodSharesForLegalAdviser`	-	shares	Annual
Issuance of common stock for consultancy services (Notes 8,10)	`StockIssuedDuringPeriodForConsultancyServiceValue`	$720.00	USD	Annual
Issuance of common stock for consultancy services (Notes 8,10) (Shares)	`StockIssuedDuringPeriodForConsultancyServiceShares`	-	shares	Annual
Cancellation of shares (Note 8)	`CancellationOfShare`	-	USD	Annual
Cancellation of shares (Note 8) (shares)	`CancellationOfSharesShares`	-	shares	Annual
Shares subscribed (Note 6)	`SharesSubscribed`	$3.68M	USD	Annual
Loss for year	`NetIncomeLoss`	$-1.39M	USD	Annual
Loss for year	`NetIncomeLoss`	$-2.89M	USD	Annual
Balance	`StockholdersEquity`	$-2.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$-143.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$931.49K	USD	Point-in-time
Balance, (Shares)	`SharesOutstanding`	-	shares	Point-in-time
Balance, (Shares)	`SharesOutstanding`	-	shares	Point-in-time

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