10-Q Filing

CEETOP INC. CIK: 1439254 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001213900-15-008970`
Period End Date	20150930
Filing Date	20151123
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	ctop-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 57 Cash Flow Statement 56 Stockholders Equity 19

Balance Sheet 59 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.39K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$203.92K	USD	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$428.82K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Due from related party (note 13)	`DueFromRelatedPartiesCurrent`	$435.15K	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`	$172.63K	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
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
Advance to suppliers and deposits (note 7)	`PrepaymentsAndDepositsCurrent`	$518.76K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$565.48K	USD	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
Prepayment for software development (note 8)	`PrepaidSoftwareDevelopmentExpenses`	$943.20K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	46.96M	shares	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
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$153.98K	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$127.12K	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`	$1.16M	USD	Point-in-time
Total Assets	`Assets`	$2.96M	USD	Point-in-time
Total Assets	`Assets`	$3.62M	USD	Point-in-time
Accrued expenses and other payables (note 9)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$372.35K	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`	$1.09M	USD	Point-in-time
Due to related party (note 13)	`DueToRelatedPartiesCurrent`	$300.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.47M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$657.84K	USD	Point-in-time
Preferred stock, $0.001 par values, 3,558,046 shares authorized, no share issued and Outstanding at September 30, 2015 and December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par values, 3,558,046 shares authorized, no share issued and Outstanding at September 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	`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	`CommonStockValue`	$46.96K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.47M	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	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`	$86.61K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.46M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.02M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.16M	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 Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.62M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.96M	USD	Point-in-time

Income Statement 57 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	3 Qtrs
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$248.81K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$144.86K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$376.38K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.84K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-248.81K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-1.06M	USD	3 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-376.38K	USD	3 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-144.86K	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Other income (loss)	`NonoperatingIncomeExpense`	$3.73K	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	$3.77K	USD	3 Qtrs
Equity (loss) - share of investee company (note 6)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-6.10K	USD	1 Quarter
Equity (loss) - share of investee company (note 6)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-120.17K	USD	3 Qtrs
Equity (loss) - share of investee company (note 6)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-39.67K	USD	1 Quarter
Equity (loss) - share of investee company (note 6)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-62.68K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$39.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$77.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$79.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-840.96K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-288.47K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-435.21K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-147.19K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.08K	USD	3 Qtrs
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-102.67K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-84.09K	USD	3 Qtrs
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$888.00	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-287.58K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-1.20M	USD	3 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-519.30K	USD	3 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-249.85K	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`	$-0.01	USD	3 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.58M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.96M	shares	1 Quarter

Cash Flow Statement 56 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`	$-288.47K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-435.21K	USD	3 Qtrs
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Net (loss)	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-147.19K	USD	1 Quarter
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Stock purchase agreement per share price	`StockPurchaseAgreementSharesPricePerShare`	$0.16	USD	Point-in-time
Depreciation of property, plant and equipment	`Depreciation`	$6.63K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$38.45K	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$12.59K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$22.50K	USD	3 Qtrs
Share based expenses	`ShareBasedCompensation`	-	USD	3 Qtrs
Share based expenses	`ShareBasedCompensation`	$587.74K	USD	3 Qtrs
Share based expenses	`ShareBasedCompensation`	$208.49K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.84K	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-6.10K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-120.17K	USD	3 Qtrs
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-39.67K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-62.68K	USD	3 Qtrs
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$609.96K	USD	3 Qtrs
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$-34.75K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$23.83K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$20.71K	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-936.16K	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-374.99K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	3 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	$-8.44K	USD	3 Qtrs
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.00K	USD	3 Qtrs
Advance from a director	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Advance from a director	`ProceedsFromRelatedPartyDebt`	$613.00	USD	3 Qtrs
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	$259.96K	USD	3 Qtrs
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	$550.28K	USD	3 Qtrs
Funds received from investors	`FundsReceivedFromShareSubscribers`	$373.75K	USD	3 Qtrs
Funds received from investors	`FundsReceivedFromShareSubscribers`	-	USD	3 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$924.03K	USD	3 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$260.58K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.35K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.63K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.77K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.76K	USD	3 Qtrs
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$5.39K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	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`	$5.39K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	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`	$2.16M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-17.97K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-84.09K	USD	3 Qtrs
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	-	USD	3 Qtrs
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	$117.28K	USD	Annual
Issuance of common stock due to shares subscription	`StockIssuedDuringPeriodValueForSubscription`	$373.75K	USD	3 Qtrs
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	$575.00K	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`	$-288.47K	USD	1 Quarter
Loss for the year	`NetIncomeLoss`	$-435.21K	USD	3 Qtrs
Loss for the year	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Loss for the year	`NetIncomeLoss`	$-147.19K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.16M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time

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