10-Q/A Filing

CEETOP INC. CIK: 1439254 Q1 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001213900-16-012318`
Period End Date	20140331
Filing Date	20160408
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	ctop-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 19 Cash Flow Statement 41 Stockholders Equity 22

Balance Sheet 47 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.45K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.25K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.96M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$86.60K	USD	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	17.96M	shares	Point-in-time
Common Stock, shares outstanding	`CommonStockSharesOutstanding`	40.96M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$70.31K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	$2.95K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	$22.99K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$87.51K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$227.90K	USD	Point-in-time
Prepayment for software development (note 6)	`PrepaidSoftwareDevelopmentExpenses`	$981.64K	USD	Point-in-time
Prepayment for software development (note 6)	`PrepaidSoftwareDevelopmentExpenses`	$973.52K	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$245.25K	USD	Point-in-time
Property, plant and equipment, net (note 4)	`PropertyPlantAndEquipmentNet`	$266.58K	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`	$1.24M	USD	Point-in-time
Total Assets	`Assets`	$2.54M	USD	Point-in-time
Total Assets	`Assets`	$2.78M	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$401.58K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$335.23K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$335.23K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$401.58K	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 March 31, 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 March 31, 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`	$11.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.28M	USD	Point-in-time
Deferred stock based compensation (note 8b)	`DeferredCompensationEquity`	$52.54K	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`	$170.02K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.11M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.61M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-143.96K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.14M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.78M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.54M	USD	Point-in-time

Income Statement 19 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$209.77K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$445.68K	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`	$-209.77K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-449.55K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`IncomeLossFromEquityMethodInvestments`	$-53.53K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$64.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.00	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-209.77K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-503.01K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$180.00	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.64K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-521.66K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-209.59K	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Weighted average shares outstanding -basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.80M	shares	1 Quarter
Weighted average shares outstanding -basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.67M	shares	1 Quarter

Cash Flow Statement 41 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`	$-209.77K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-503.01K	USD	1 Quarter
Stock purchase agreement per share price	`StockPurchaseAgreementSharesPricePerShare`	$0.16	USD	1 Quarter
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Depreciation of property, plant and equipment	`Depreciation`	$7.24K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$13.17K	USD	1 Quarter
Share based expenses	`ShareBasedCompensation`	$221.56K	USD	1 Quarter
Share based expenses	`ShareBasedCompensation`	$76.00K	USD	1 Quarter
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$54.06K	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	`IncomeLossFromEquityMethodInvestments`	$-53.53K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.82K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-85.05K	USD	1 Quarter
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-36.11K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-25.77K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$68.71K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-106.07K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.01K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.45K	USD	1 Quarter
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	$-8.50K	USD	1 Quarter
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.05K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.03K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$844.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-104.05K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.16K	USD	1 Quarter
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`	$57.45K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$14.25K	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`	$57.45K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$14.25K	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-143.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$2.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Balance, (shares)	`SharesOutstanding`	-	shares	Point-in-time
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`	$-18.64K	USD	1 Quarter
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	$64.74K	USD	1 Quarter
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	$277.38K	USD	Annual
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	$156.82K	USD	1 Quarter
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	1 Quarter
Shares subscribed (note 8a)	`SharesSubscribed`	$3.68M	USD	Annual
Loss for year	`NetIncomeLoss`	$-209.77K	USD	1 Quarter
Loss for year	`NetIncomeLoss`	$-503.01K	USD	1 Quarter
Balance	`StockholdersEquity`	$-143.96K	USD	Point-in-time
Balance	`StockholdersEquity`	$2.14M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44M	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.