10-Q Filing

CEETOP INC. CIK: 1439254 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001213900-16-013641`
Period End Date	20160331
Filing Date	20160520
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ctop-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 29 Cash Flow Statement 41 Stockholders Equity 14

Balance Sheet 55 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`	$2.79K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.43K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.56K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$1.05M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Other receivables (note 4)	`OtherReceivablesNetCurrent`	$1.06M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.06M	USD	Point-in-time
Common Stock, par value (In dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.06M	USD	Point-in-time
Common Stock, par value (In dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$112.16K	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
Property, plant and equipment, net (note 5)	`PropertyPlantAndEquipmentNet`	$105.61K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.60M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.60M	shares	Point-in-time
Intangible assets (note 6)	`IntangibleAssetsNetExcludingGoodwill`	$917.12K	USD	Point-in-time
Intangible assets (note 6)	`IntangibleAssetsNetExcludingGoodwill`	$920.68K	USD	Point-in-time
Equity investment in an investee company (note 7)	`EquityMethodInvestments`	$1.13M	USD	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	47.60M	shares	Point-in-time
Common stock, shares, outstanding	`CommonStockSharesOutstanding`	47.60M	shares	Point-in-time
Equity investment in an investee company (note 7)	`EquityMethodInvestments`	$1.13M	USD	Point-in-time
Total Assets	`Assets`	$3.22M	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 (note 8)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$177.94K	USD	Point-in-time
Accrued expenses and other payables (note 8)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$132.07K	USD	Point-in-time
Due to related party (note 12)	`DueToRelatedPartiesCurrent`	$1.04M	USD	Point-in-time
Due to related party (note 12)	`DueToRelatedPartiesCurrent`	$1.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.18M	USD	Point-in-time
Preferred stock, $0.001 par values, 3,558,046 shares authorized, no share issued and Outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par values, 3,558,046 shares authorized, no share issued and Outstanding as of March 31, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 47,596,631 shares issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$47.60K	USD	Point-in-time
Common stock, $0.001 par value, 100,000,000 shares authorized, 47,596,631 shares issued and outstanding as of March 31, 2016 and December 31, 2015	`CommonStockValue`	$47.60K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.58M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.89K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$53.47K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.62M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.71M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.97M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.04M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.22M	USD	Point-in-time

Income Statement 29 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Gross Profit	`GrossProfit`	-	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$79.17K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$85.99K	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-85.99K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-79.17K	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Equity (loss) - share of investee company (note 7)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-9.55K	USD	1 Quarter
Equity (loss) - share of investee company (note 7)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-35.38K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$14.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	-	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-88.71K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-599.85K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-121.36K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$14.09K	USD	1 Quarter
Other comprehensive (loss) income - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$12.58K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-76.14K	USD	1 Quarter
Comprehensive (loss)	`ComprehensiveIncomeNetOfTax`	$-107.27K	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net (loss) per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.60M	shares	1 Quarter

Cash Flow Statement 41 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-88.71K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-599.85K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-121.36K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$7.99K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$7.15K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$9.13K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-9.55K	USD	1 Quarter
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-35.38K	USD	1 Quarter
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$537.52K	USD	1 Quarter
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$1.26K	USD	1 Quarter
Due to/from related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Due to/from related party	`IncreaseDecreaseInDueToRelatedParties`	$216.35K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-897.00	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$45.70K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$8.97K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-390.18K	USD	1 Quarter
Net cash (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-19.34K	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash generated by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Advance from a director	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Advance from a director	`ProceedsFromRelatedPartyDebt`	$18.25K	USD	1 Quarter
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	-	USD	1 Quarter
Funds received from investors	`FundsReceivedFromShareSubscribers`	-	USD	1 Quarter
Funds received from investors	`FundsReceivedFromShareSubscribers`	$373.75K	USD	1 Quarter
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$373.75K	USD	1 Quarter
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$18.25K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-296.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-132.00	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.73K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.22K	USD	1 Quarter
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$8.43K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$1.56K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$8.43K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$1.56K	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.97M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.04M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-129.80K	USD	Annual
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$12.58K	USD	1 Quarter
Shares issued to CFO for compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$99.00K	USD	Annual
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	-	USD	Annual
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	$373.75K	USD	Annual
Loss	`NetIncomeLoss`	$-88.71K	USD	1 Quarter
Loss	`NetIncomeLoss`	$-599.85K	USD	Annual
Loss	`NetIncomeLoss`	$-121.36K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.97M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.04M	USD	Point-in-time

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