10-Q Filing

CEETOP INC. CIK: 1439254 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-006326`
Period End Date	20150630
Filing Date	20150819
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	ctop-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 55 Cash Flow Statement 57 Stockholders Equity 19

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (In dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.56M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	3.56M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$34.68K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.19K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$426.03K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$203.92K	USD	Point-in-time
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
Due from related party (note 13)	`DueFromRelatedPartiesCurrent`	$177.17K	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`	$541.49K	USD	Point-in-time
Advance to suppliers and deposits (note 7)	`PrepaymentsAndDepositsCurrent`	$163.77K	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
Common stock, shares issued	`CommonStockSharesIssued`	46.96M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$565.48K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.18M	USD	Point-in-time
Prepayment for software development (note 8)	`PrepaidSoftwareDevelopmentExpenses`	$975.00K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	46.96M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	46.96M	shares	Point-in-time
Prepayment for software development (note 8)	`PrepaidSoftwareDevelopmentExpenses`	$982.20K	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$139.26K	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$153.98K	USD	Point-in-time
Equity investment in an investee company (note 6)	`EquityMethodInvestments`	$1.27M	USD	Point-in-time
Equity investment in an investee company (note 6)	`EquityMethodInvestments`	$1.22M	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`	$376.08K	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`	$736.65K	USD	Point-in-time
Due to related party (note 13)	`DueToRelatedPartiesCurrent`	$300.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$657.84K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.11M	USD	Point-in-time
Preferred stock, $0.001 par values, 3,558,046 shares authorized, o share issued and Outstanding at June 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par values, 3,558,046 shares authorized, o share issued and Outstanding at June 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 46,956,631 shares issued and outstanding as at June 30, 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 June 30, 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`	$189.26K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.69K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.73M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.45M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.41M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.52M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.96M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	2 Qtrs
Sales	`SalesRevenueNet`	-	USD	2 Qtrs
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	2 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$494.27K	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$145.53K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$231.52K	USD	2 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$205.38K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.83K	USD	2 Qtrs
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`	-	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-205.38K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-145.53K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-498.11K	USD	2 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-231.52K	USD	2 Qtrs
Other income (loss)	`NonoperatingIncomeExpense`	$38.00	USD	2 Qtrs
Other income (loss)	`NonoperatingIncomeExpense`	$38.00	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-56.59K	USD	2 Qtrs
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-26.97K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-21.20K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-80.50K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$41.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$8.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$72.00	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$27.00	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-166.67K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-578.54K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-288.03K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-232.34K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-840.96K	USD	Annual
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.49K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$18.58K	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`	$-18.97K	USD	2 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-269.45K	USD	2 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-597.51K	USD	2 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-162.18K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-232.66K	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
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	34.35M	shares	2 Qtrs
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.96M	shares	1 Quarter
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	2 Qtrs
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	1 Quarter

Cash Flow Statement 57 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`	$-166.67K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-578.54K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-288.03K	USD	2 Qtrs
Net (loss)	`NetIncomeLoss`	$-232.34K	USD	1 Quarter
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-840.96K	USD	Annual
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Stock purchase agreement per share pric	`StockPurchaseAgreementSharesPricePerShare`	$0.16	USD	Point-in-time
Depreciation of property, plant and equipment	`Depreciation`	$15.87K	USD	2 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$7.87K	USD	1 Quarter
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 expenses	`ShareBasedCompensation`	$114.55K	USD	2 Qtrs
Share based expenses	`ShareBasedCompensation`	-	USD	2 Qtrs
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	2 Qtrs
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.83K	USD	2 Qtrs
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`	-	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-56.59K	USD	2 Qtrs
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-26.97K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-21.20K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-80.50K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$-34.76K	USD	2 Qtrs
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$597.51K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$17.06K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$12.97K	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-306.06K	USD	2 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-796.03K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	2 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	$-8.43K	USD	2 Qtrs
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.99K	USD	2 Qtrs
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Advance from a director	`ProceedsFromRelatedPartyDebt`	$35.01K	USD	2 Qtrs
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	$430.81K	USD	2 Qtrs
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	$162.43K	USD	2 Qtrs
Funds received from investors	`FundsReceivedFromShareSubscribers`	-	USD	2 Qtrs
Funds received from investors	`FundsReceivedFromShareSubscribers`	$373.75K	USD	2 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$197.44K	USD	2 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$804.56K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$991.00	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`	$9.52K	USD	2 Qtrs
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$34.68K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$11.19K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$34.68K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$11.19K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.41M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-17.97K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$18.57K	USD	2 Qtrs
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	-	USD	2 Qtrs
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	$117.28K	USD	Annual
Issuance of common stock due to shares subscription	`StockIssuedDuringPeriodValueForSubscription`	$373.75K	USD	2 Qtrs
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`	$-166.67K	USD	1 Quarter
Loss for the year	`NetIncomeLoss`	$-578.54K	USD	2 Qtrs
Loss for the year	`NetIncomeLoss`	$-288.03K	USD	2 Qtrs
Loss for the year	`NetIncomeLoss`	$-232.34K	USD	1 Quarter
Loss for the year	`NetIncomeLoss`	$-840.96K	USD	Annual
Ending Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.41M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time

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