10-Q Filing

CEETOP INC. CIK: 1439254 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001213900-14-006103`
Period End Date	20140630
Filing Date	20140819
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	ctop-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 39 Cash Flow Statement 55 Stockholders Equity 24

Balance Sheet 51 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`	$118.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.19K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$86.60K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.96M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$74.37K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	40.96M	shares	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	-	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	$22.99K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$85.55K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$227.90K	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$266.58K	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$232.70K	USD	Point-in-time
Equity investment in an investee company (note 5)	`EquityMethodInvestments`	$1.38M	USD	Point-in-time
Equity investment in an investee company (note 5)	`EquityMethodInvestments`	$1.30M	USD	Point-in-time
Equity investment in an investee company (note 5)	`EquityMethodInvestments`	8.50M	CNY	Point-in-time
Equity investment in an investee company (note 5)	`EquityMethodInvestments`	$1.21M	USD	Point-in-time
Prepayment for software development (note 6)	`PrepaidSoftwareDevelopmentExpenses`	$981.64K	USD	Point-in-time
Prepayment for software development (note 6)	`PrepaidSoftwareDevelopmentExpenses`	$974.58K	USD	Point-in-time
Total Assets	`Assets`	$2.78M	USD	Point-in-time
Total Assets	`Assets`	$2.50M	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$347.47K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$335.23K	USD	Point-in-time
Due to related parties (note 10)	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related parties (note 10)	`DueToRelatedPartiesCurrent`	$197.44K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$335.23K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$544.91K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 40,956,631 and 17,956,631 shares issued and outstanding as at June 30, 2014 and December 31, 2013 (note 8a)	`CommonStockValue`	$40.96K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 40,956,631 and 17,956,631 shares issued and outstanding as at June 30, 2014 and December 31, 2013 (note 8a)	`CommonStockValue`	$17.96K	USD	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.93M	USD	Point-in-time
Deferred stock based compensation (note 8b)	`DeferredCompensationEquity`	$2.73K	USD	Point-in-time
Deferred stock based compensation (note 8b)	`DeferredCompensationEquity`	$117.28K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$188.67K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$169.70K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.61M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.18M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.96M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-143.96K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.50M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.78M	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$505.46K	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$205.38K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$295.69K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$494.27K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.83K	USD	2 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-505.46K	USD	2 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-498.11K	USD	2 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-205.38K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-295.69K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`IncomeLossFromEquityMethodInvestments`	$-80.50K	USD	2 Qtrs
Equity (loss) - share of investee company (note 5)	`IncomeLossFromEquityMethodInvestments`	$-26.97K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.46K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$2.46K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$72.00	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-578.54K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-2.89M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-232.34K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$34.22K	USD	2 Qtrs
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-323.00	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$34.04K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.97K	USD	2 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-259.19K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-232.66K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-468.78K	USD	2 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-597.51K	USD	2 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average shares outstanding -basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.80M	shares	1 Quarter
Weighted average shares outstanding -basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.35M	shares	2 Qtrs
Weighted average shares outstanding -basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.80M	shares	2 Qtrs
Weighted average shares outstanding -basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.96M	shares	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Stock issued under stock purchase agreement to 10 investors	`StockIssuedUnderStockPurchaseAgreement`	-	shares	Annual
Net (loss)	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-578.54K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-2.89M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-232.34K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Stock issued under stock purchase agreement to 10 investors	`StockIssuedUnderStockPurchaseAgreement`	23.00M	shares	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Stock purchase agreement per share price	`StockPurchaseAgreementSharesPricePerShare`	-	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$2.82K	USD	1 Quarter
Stock purchase agreement per share price	`StockPurchaseAgreementSharesPricePerShare`	$0.16	USD	Point-in-time
Depreciation of property, plant and equipment	`Depreciation`	$10.06K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$12.70K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$25.86K	USD	2 Qtrs
Share based payment expenses	`ShareBasedCompensation`	$149.45K	USD	2 Qtrs
Share based payment expenses	`ShareBasedCompensation`	$114.55K	USD	2 Qtrs
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	2 Qtrs
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$73.16K	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.83K	USD	2 Qtrs
Share of loss in equity investment in Softview	`IncomeLossFromEquityMethodInvestments`	$-80.50K	USD	2 Qtrs
Share of loss in equity investment in Softview	`IncomeLossFromEquityMethodInvestments`	$-26.97K	USD	1 Quarter
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-34.76K	USD	2 Qtrs
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-10.28K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-252.52K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$12.97K	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-512.57K	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-306.06K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$96.90K	USD	2 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	$-8.43K	USD	2 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	2 Qtrs
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.99K	USD	2 Qtrs
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-96.90K	USD	2 Qtrs
Advance from a director (note 10a)	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$35.01K	USD	2 Qtrs
Advance from an investee company (note 10b)	`AdvanceFromInvesteeCompany`	$162.43K	USD	2 Qtrs
Cash received in advance of shares subscription	`CashReceivedInAdvanceOfSharesSubscription`	-	USD	2 Qtrs
Cash received in advance of shares subscription	`CashReceivedInAdvanceOfSharesSubscription`	$-3.53M	USD	2 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.53M	USD	2 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$197.44K	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`	$-5.49K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-107.11K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.95M	USD	2 Qtrs
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$11.19K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$11.19K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.96M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$-143.96K	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`	$-18.97K	USD	2 Qtrs
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	$114.52K	USD	2 Qtrs
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	$277.38K	USD	Annual
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	$1.44M	USD	Annual
Issuance of common stock for legal services	`StockIssuedDuringPeriodValueForLegalAdviser`	$4.44K	USD	Annual
Issuance of common stock for legal services (Shares)	`StockIssuedDuringPeriodSharesForLegalAdviser`	-	shares	Annual
Issuance of common stock due to shares subscription (note 8a)	`StockIssuedDuringPeriodValueForSubscription`	-	USD	2 Qtrs
Shares subscribed (Note 6)	`SharesSubscribed`	$3.68M	USD	Annual
Loss for year	`NetIncomeLoss`	$-293.23K	USD	1 Quarter
Loss for year	`NetIncomeLoss`	$-578.54K	USD	2 Qtrs
Loss for year	`NetIncomeLoss`	$-2.89M	USD	Annual
Loss for year	`NetIncomeLoss`	$-232.34K	USD	1 Quarter
Loss for year	`NetIncomeLoss`	$-503.00K	USD	2 Qtrs
Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.96M	USD	Point-in-time
Balance	`StockholdersEquity`	$-143.96K	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.