10-K Filing

CEETOP INC. CIK: 1439254 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001213900-16-012516`
Period End Date	20151231
Filing Date	20160414
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	ctop-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 29 Cash Flow Statement 55 Stockholders Equity 20

Balance Sheet 65 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
Common stock, shares issued	`CommonStockSharesIssued`	46.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.60M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.96M	shares	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.05M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$203.92K	USD	Point-in-time
Due from related party (Note 15)	`DueFromRelatedPartiesCurrent`	$172.63K	USD	Point-in-time
Due from related party (Note 15)	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Prepaid expenses and deposits (Note 5)	`PrepaymentsAndDepositsCurrent`	-	USD	Point-in-time
Prepaid expenses and deposits (Note 5)	`PrepaymentsAndDepositsCurrent`	$163.77K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.06M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$565.48K	USD	Point-in-time
Prepayment for software development (Note 5)	`PrepaidSoftwareDevelopmentExpenses`	$975.00K	USD	Point-in-time
Prepayment for software development (Note 5)	`PrepaidSoftwareDevelopmentExpenses`	-	USD	Point-in-time
Property, plant and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$153.98K	USD	Point-in-time
Property, plant and equipment, net (Note 3)	`PropertyPlantAndEquipmentNet`	$112.16K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	$920.68K	USD	Point-in-time
Intangible assets	`IntangibleAssetsCurrent`	-	USD	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	8.50M	CNY	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	$1.13M	USD	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	$1.27M	USD	Point-in-time
Equity investment in an investee company (Note 4)	`EquityMethodInvestments`	$1.38M	USD	Point-in-time
Total Assets	`Assets`	$2.96M	USD	Point-in-time
Total Assets	`Assets`	$3.22M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$904.00	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$132.07K	USD	Point-in-time
Accrued expenses and other payables	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$357.22K	USD	Point-in-time
Due to related party (Note 15)	`DueToRelatedPartiesCurrent`	$1.04M	USD	Point-in-time
Due to related party (Note 15)	`DueToRelatedPartiesCurrent`	$300.62K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.17M	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, 47,596,631 and 46,956,631 shares issued and outstanding as at December 31, 2015 and 2014 (Note 8), respectively	`CommonStockValue`	$47.60K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 47,596,631 and 46,956,631 shares issued and outstanding as at December 31, 2015 and 2014 (Note 8), respectively	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 47,596,631 and 46,956,631 shares issued and outstanding as at December 31, 2015 and 2014 (Note 8), respectively	`CommonStockValue`	$46.96K	USD	Point-in-time
Additional paid-in capital (Note 9)	`AdditionalPaidInCapital`	$3.66M	USD	Point-in-time
Additional paid-in capital (Note 9)	`AdditionalPaidInCapital`	$12.58M	USD	Point-in-time
Additional paid-in capital (Note 9)	`AdditionalPaidInCapital`	$970.45K	USD	Point-in-time
Additional paid-in capital (Note 9)	`AdditionalPaidInCapital`	$575.00K	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	-	USD	Point-in-time
Subscription receivable	`CommonStockShareSubscribedButUnissuedSubscriptionsReceivable`	$368.00K	USD	Point-in-time
Shares subscription (Note 6)	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Shares subscription (Note 6)	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Deferred stock based compensation (Note 10)	`DeferredCompensationEquity`	-	USD	Point-in-time
Deferred stock based compensation (Note 10)	`DeferredCompensationEquity`	-	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$188.67K	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$116.58K	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$170.69K	USD	Point-in-time
Accumulated other comprehensive income (Note 12)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.89K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-575.00K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.62M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$143.92K	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$2.05M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$2.44M	USD	Point-in-time
Total Stockholders' Equity (Deficit)	`StockholdersEquity`	$2.30M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$2.96M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$361.89K	USD	Annual
Cost of sales	`CostOfGoodsSold`	$360.44K	USD	Annual
Cost of sales	`CostOfGoodsSold`	-	USD	Annual
Gross profit	`GrossProfit`	$1.44K	USD	Annual
Gross profit	`GrossProfit`	-	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$1.32M	USD	Annual
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$534.11K	USD	Annual
Impairment loss on accounts receivable	`ImparmentLossOnAccountsReceivable`	-	USD	Annual
Impairment loss on accounts receivable	`ImparmentLossOnAccountsReceivable`	-	USD	Annual
Impairment loss on other receivables	`ImparmentLossOnOtherReceivables`	-	USD	Annual
Impairment loss on other receivables	`ImparmentLossOnOtherReceivables`	-	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-1.32M	USD	Annual
(Loss) from operations	`OperatingIncomeLoss`	$-534.11K	USD	Annual
Other income (loss)	`NonoperatingIncomeExpense`	$-71.60K	USD	Annual
Other income (loss)	`NonoperatingIncomeExpense`	$3.68K	USD	Annual
Equity (loss)-share of investee company (Note 4)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-69.51K	USD	Annual
Equity (loss)-share of investee company (Note 4)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-26.15K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$84.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$300.00	USD	Annual
Net (loss)	`NetIncomeLoss`	$-599.85K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-575.00K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-17.97K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-129.80K	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-729.65K	USD	Annual
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-1.43M	USD	Annual
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.60M	shares	Annual
Weighted average shares outstanding-basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.34M	shares	Annual

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-599.85K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-575.00K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$35.28K	USD	Annual
Depreciation of property, plant and equipment	`Depreciation`	$50.52K	USD	Annual
Share based expenses	`ShareBasedCompensation`	$1.44M	USD	Annual
Share based expenses	`ShareBasedCompensation`	$99.00K	USD	Annual
Share based expenses	`ShareBasedCompensation`	$575.00K	USD	Annual
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	Annual
Accounts receivable written off	`AllowanceForDoubtfulAccountsReceivableWriteOffs`	-	USD	Annual
Impairment loss on other receivables	`ImparmentLossOnOtherReceivables`	-	USD	Annual
Impairment loss on other receivables	`ImparmentLossOnOtherReceivables`	-	USD	Annual
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-69.51K	USD	Annual
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-26.15K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.85K	USD	Annual
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss of disposal of properties	`GainLossOnSaleOfProperties`	$-67.90K	USD	Annual
Loss of disposal of properties	`GainLossOnSaleOfProperties`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-942.00	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$258.87K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$734.71K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$172.85K	USD	Annual
Due from related party	`IncreaseDecreaseInDueFromRelatedParties`	$-170.62K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-221.98K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$23.53K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-983.41K	USD	Annual
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.18M	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.05K	USD	Annual
Disposal of Property and Equipment	`PropertyPlantAndEquipmentDisposals`	$-3.68K	USD	Annual
Disposal of Property and Equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.37K	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Advance from a director	`ProceedsFromRelatedPartyDebt`	$147.33K	USD	Annual
Advance from a director	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Advances from an investee company	`ProceedsFromContributionsFromAffiliates`	$644.13K	USD	Annual
Advances from an investee company	`ProceedsFromContributionsFromAffiliates`	$301.00K	USD	Annual
Funds received from share subscribers (note 6)	`FundsReceivedFromShareSubscribers`	$601.99K	USD	Annual
Funds received from share subscribers (note 6)	`FundsReceivedFromShareSubscribers`	$373.75K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.17M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$902.99K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.39K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.35K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-22.37K	USD	Annual
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-93.14K	USD	Annual
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	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, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$71.61K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	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
Reclassification of software development cost to intangible asset	`ReclassificationOfSoftwareDevelopmentCostToIntangibleAsset`	-	USD	Annual
Reclassification of software development cost to intangible asset	`ReclassificationOfSoftwareDevelopmentCostToIntangibleAsset`	$963.60K	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$143.92K	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.05M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-129.80K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-17.97K	USD	Annual
Shares issued to CFO for compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	-	USD	Annual
Shares issued to CFO for compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$575.00K	USD	Annual
Shares issued to CFO for compensation (shares)	`StockIssuedDuringPeriodSharesShareBasedCompensationGross`	460,000.00	shares	Annual
Amortization of deferred stock based compensation (Note 10)	`AmortizationOfCommonStockForPrepaidService`	$692.28K	USD	Annual
Amortization of deferred stock based compensation (Note 10)	`AmortizationOfCommonStockForPrepaidService`	$99.00K	USD	Annual
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	$602.45K	USD	Annual
Issuance of common stock due to shares subscription	`StockIssuedDuringPeriodValueForSubscription`	$373.75K	USD	Annual
Issuance of common stock for legal services	`StockIssuedDuringPeriodValueForLegalAdviser`	-	USD	Annual
Loss for year	`NetIncomeLoss`	$-599.85K	USD	Annual
Loss for year	`NetIncomeLoss`	$-575.00K	USD	Annual
Balance	`StockholdersEquity`	$143.92K	USD	Point-in-time
Balance	`StockholdersEquity`	$2.05M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time

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