10-Q Filing

CEETOP INC. CIK: 1439254 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-004025`
Period End Date	20150331
Filing Date	20150520
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ctop-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 23 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 48 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
Common stock, shares issued	`CommonStockSharesIssued`	46.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.25K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.43K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.96M	shares	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$203.92K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	46.96M	shares	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$369.06K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	46.96M	shares	Point-in-time
Due from related party (note 13)	`DueFromRelatedPartiesCurrent`	$242.26K	USD	Point-in-time
Due from related party (note 13)	`DueFromRelatedPartiesCurrent`	$172.63K	USD	Point-in-time
Advance to suppliers and deposits (note 7)	`PrepaymentsAndDepositsCurrent`	$540.50K	USD	Point-in-time
Advance to suppliers and deposits (note 7)	`PrepaymentsAndDepositsCurrent`	$163.77K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$565.48K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.16M	USD	Point-in-time
Prepayment for software development (note 8)	`PrepaidSoftwareDevelopmentExpenses`	$980.40K	USD	Point-in-time
Prepayment for software development (note 8)	`PrepaidSoftwareDevelopmentExpenses`	$975.00K	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$153.98K	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$146.80K	USD	Point-in-time
Equity investment in an investee company (note 6)	`EquityMethodInvestments`	$1.24M	USD	Point-in-time
Equity investment in an investee company (note 6)	`EquityMethodInvestments`	$1.27M	USD	Point-in-time
Total Assets	`Assets`	$2.96M	USD	Point-in-time
Total Assets	`Assets`	$3.52M	USD	Point-in-time
Accrued expenses and other payables (note 9)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$367.59K	USD	Point-in-time
Accrued expenses and other payables (note 9)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$357.22K	USD	Point-in-time
Due to related party (note 13)	`DueToRelatedPartiesCurrent`	$588.24K	USD	Point-in-time
Due to related party (note 13)	`DueToRelatedPartiesCurrent`	$300.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$955.83K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$657.84K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 46,956,631 shares issued and outstanding as at March 31, 2015 and December 31, 2014	`CommonStockValue`	$46.96K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 46,956,631 shares issued and outstanding as at March 31, 2015 and December 31, 2014	`CommonStockValue`	$46.96K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.90M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$368.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.69K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$184.77K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.45M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.57M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.57M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.96M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.52M	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$85.99K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$288.86K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.86K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-85.99K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-292.73K	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Equity (loss) - share of investee company (note 6)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-35.38K	USD	1 Quarter
Equity (loss) - share of investee company (note 6)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-53.53K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$14.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$64.00	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-840.96K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-346.20K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-121.36K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$14.09K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.64K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-364.84K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-107.27K	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	1 Quarter
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.67M	shares	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Stock issued under stock purchase agreement to 10 investors	`StockIssuedUnderStockPurchaseAgreement`	23.00M	shares	Point-in-time
Net (loss)	`NetIncomeLoss`	$-840.96K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-346.20K	USD	1 Quarter
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-121.36K	USD	1 Quarter
Stock purchase agreement per share pric	`StockPurchaseAgreementSharesPricePerShare`	$0.16	USD	Point-in-time
Depreciation of property, plant and equipment	`Depreciation`	$7.99K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$13.17K	USD	1 Quarter
Share based expenses	`ShareBasedCompensation`	$64.74K	USD	1 Quarter
Share based expenses	`ShareBasedCompensation`	-	USD	1 Quarter
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	1 Quarter
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.86K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-35.38K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-53.53K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$537.52K	USD	1 Quarter
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$-36.11K	USD	1 Quarter
Due to/from related party	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	1 Quarter
Due to/from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-216.35K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$68.71K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$8.97K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-390.18K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.07K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.45K	USD	1 Quarter
Disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$8.50K	USD	1 Quarter
Disposal of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.05K	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Funds received from investors	`FundsReceivedFromShareSubscribers`	$373.75K	USD	1 Quarter
Funds received from investors	`FundsReceivedFromShareSubscribers`	-	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInFinancingActivities`	$373.75K	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-296.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.03K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.73K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-104.05K	USD	1 Quarter
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$14.25K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$8.43K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$14.25K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$8.43K	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.57M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$14.09K	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-17.97K	USD	Annual
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	$117.28K	USD	Annual
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	-	USD	1 Quarter
Issuance of common stock due to shares subscription (note 8a)	`StockIssuedDuringPeriodValueForSubscription`	$373.75K	USD	1 Quarter
Issuance of common stock due to shares subscription (note 8a)	`StockIssuedDuringPeriodValueForSubscription`	$602.45K	USD	Annual
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	-	USD	Annual
Issuance of common stock for legal services	`StockIssuedDuringPeriodValueForLegalAdviser`	-	USD	Annual
Shares subscription	`SharesSubscribed`	$602.45K	USD	Annual
Loss for the year	`NetIncomeLoss`	$-840.96K	USD	Annual
Loss for the year	`NetIncomeLoss`	$-346.20K	USD	1 Quarter
Loss for the year	`NetIncomeLoss`	$-121.36K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.57M	USD	Point-in-time

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