10-Q/A Filing

CEETOP INC. CIK: 1439254 Q3 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001213900-16-012322`
Period End Date	20140930
Filing Date	20160408
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	ctop-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 41 Cash Flow Statement 65 Stockholders Equity 20

Balance Sheet 53 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
Common stock, shares issued	`CommonStockSharesIssued`	40.96M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$660.44K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.02M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.96M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$74.42K	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`	$86.60K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	$22.99K	USD	Point-in-time
Prepaid expenses and deposits	`PrepaymentsAndDepositsCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$79.95K	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`	$220.19K	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`	$1.38M	USD	Point-in-time
Equity investment in an investee company (note 5)	`EquityMethodInvestments`	$1.17M	USD	Point-in-time
Prepayment for software development (note 6)	`PrepaidSoftwareDevelopmentExpenses`	$974.87K	USD	Point-in-time
Prepayment for software development (note 6)	`PrepaidSoftwareDevelopmentExpenses`	$981.64K	USD	Point-in-time
Total Assets	`Assets`	$2.45M	USD	Point-in-time
Total Assets	`Assets`	$2.78M	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$335.23K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$355.28K	USD	Point-in-time
Due to related parties (note 10)	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related parties (note 10)	`DueToRelatedPartiesCurrent`	$260.58K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$335.23K	USD	Point-in-time
Total Current Liabilities	`Liabilities`	$615.85K	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 September 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 September 30, 2014 and December 31, 2013 (note 8a)	`CommonStockValue`	$17.96K	USD	Point-in-time
Share subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Share subscription	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Share subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$11.40M	USD	Point-in-time
Deferred stock based compensation (note 8b)	`DeferredCompensationEquity`	-	USD	Point-in-time
Deferred stock based compensation (note 8b)	`DeferredCompensationEquity`	$117.28K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.59K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$188.67K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.61M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-9.79M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.83M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$-143.96K	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.78M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.06M	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$248.81K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$427.42K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$932.87K	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`	$-932.87K	USD	3 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-427.42K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-72.39K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-120.17K	USD	3 Qtrs
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-39.67K	USD	1 Quarter
Equity (loss) - share of investee company (note 5)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-72.39K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$4.19K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$77.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.73K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-2.89M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-498.07K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-1.00M	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-288.47K	USD	1 Quarter
Other comprehensive income (loss) - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$54.60K	USD	3 Qtrs
Other comprehensive income (loss) - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$888.00	USD	1 Quarter
Other comprehensive income (loss) - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.08K	USD	3 Qtrs
Other comprehensive income (loss) - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$20.38K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-946.46K	USD	3 Qtrs
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-477.69K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-287.58K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-1.20M	USD	3 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	3 Qtrs
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	40.96M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.80M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.81M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	36.58M	shares	3 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-2.89M	USD	Annual
Net (loss)	`NetIncomeLoss`	$-498.07K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-1.00M	USD	3 Qtrs
Stock issued under stock purchase agreement to 10 investors	`StockIssuedUnderStockPurchaseAgreement`	-	shares	Annual
Net (loss)	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Stock issued under stock purchase agreement to 10 investors	`StockIssuedUnderStockPurchaseAgreement`	23.00M	shares	Point-in-time
Net (loss)	`NetIncomeLoss`	$-288.47K	USD	1 Quarter
Shares subscription	`CommonStockSharesSubscriptions`	$3.68M	USD	Point-in-time
Shares subscription	`CommonStockSharesSubscriptions`	-	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`	$21.74K	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$11.68K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$12.59K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$38.45K	USD	3 Qtrs
Stock purchase agreement per share price	`StockPurchaseAgreementSharesPricePerShare`	$0.16	USD	Point-in-time
Share based payment expenses	`ShareBasedCompensation`	$215.64K	USD	3 Qtrs
Share based payment expenses	`ShareBasedCompensation`	$587.74K	USD	3 Qtrs
Share based payment expenses	`ShareBasedCompensation`	$159.55K	USD	1 Quarter
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	$198.91K	USD	3 Qtrs
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	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
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-72.39K	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`	$-72.39K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.82K	USD	3 Qtrs
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-77.48K	USD	3 Qtrs
Other receivables, deposits and prepayment	`IncreaseDecreaseInOtherReceivables`	$-34.75K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-381.12K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$20.71K	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-374.99K	USD	3 Qtrs
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-797.86K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.44K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$272.60K	USD	3 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	3 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	$-8.44K	USD	3 Qtrs
Equity investment in Softview	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Equity investment in Softview	`PaymentsToAcquireInvestments`	$1.38M	USD	3 Qtrs
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.65M	USD	3 Qtrs
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$7.00K	USD	3 Qtrs
Advance from a director (note 10a)	`ProceedsFromRelatedPartyDebt`	$613.00	USD	3 Qtrs
Advance from an investee company (note 10b)	`ProceedsFromContributionsFromAffiliates`	$259.96K	USD	3 Qtrs
Cash received in advance of shares subscription	`CashReceivedInAdvanceOfSharesSubscription`	-	USD	3 Qtrs
Cash received in advance of shares subscription	`CashReceivedInAdvanceOfSharesSubscription`	$-2.99M	USD	3 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.99M	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`	$49.89K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.35K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-112.77K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$588.83K	USD	3 Qtrs
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$118.30K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$5.53K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$660.44K	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`	$5.53K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$660.44K	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 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$-143.96K	USD	Point-in-time
Foreign currency translation adjustments (Note 12)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.08K	USD	3 Qtrs
Foreign currency translation adjustments (Note 12)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$72.09K	USD	Annual
Amortization of deferred stock based compensation (note 8b)	`AmortizationOfCommonStockForPrepaidService`	$587.74K	USD	3 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	3 Qtrs
Shares subscribed (Note 6)	`SharesSubscribed`	$3.68M	USD	Annual
Loss for year	`NetIncomeLoss`	$-2.89M	USD	Annual
Loss for year	`NetIncomeLoss`	$-498.07K	USD	1 Quarter
Loss for year	`NetIncomeLoss`	$-1.00M	USD	3 Qtrs
Loss for year	`NetIncomeLoss`	$-1.18M	USD	3 Qtrs
Loss for year	`NetIncomeLoss`	$-288.47K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.83M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$-143.96K	USD	Point-in-time

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