10-Q Filing

CEETOP INC. CIK: 1439254 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001213900-16-018771`
Period End Date	20160930
Filing Date	20161121
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ctop-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 61 Cash Flow Statement 63 Stockholders Equity 20

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
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.39K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.27K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other receivables (Note 4)	`OtherReceivablesNetCurrent`	$833.49K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables (Note 4)	`OtherReceivablesNetCurrent`	$1.05M	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`	$840.76K	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
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$87.30K	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
Intangible assets (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$869.18K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	44.60M	shares	Point-in-time
Intangible assets (Note 6)	`IntangibleAssetsNetExcludingGoodwill`	$920.68K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	47.60M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	44.60M	shares	Point-in-time
Equity investment in an investee company (Note 7)	`EquityMethodInvestments`	$1.13M	USD	Point-in-time
Equity investment in an investee company (Note 7)	`EquityMethodInvestments`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	47.60M	shares	Point-in-time
Total Assets	`Assets`	$3.22M	USD	Point-in-time
Total Assets	`Assets`	$1.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$904.00	USD	Point-in-time
Accrued expenses and other payables (Note 8)	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$348.07K	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`	$163.19K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$511.27K	USD	Point-in-time
Preferred Stock, $0.001 par values, 3,558,046 shares authorized, 0 shares issued and Outstanding at September 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, $0.001 par values, 3,558,046 shares authorized, 0 shares issued and Outstanding at September 30, 2016 and December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.001 par value, 100,000,000 shares authorized, 44,596,631 and 47,596,631 shares issued and outstanding as at September 30, 2016 and December 31, 2015	`CommonStockValue`	$47.60K	USD	Point-in-time
Common Stock, $0.001 par value, 100,000,000 shares authorized, 44,596,631 and 47,596,631 shares issued and outstanding as at September 30, 2016 and December 31, 2015	`CommonStockValue`	$44.60K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.58M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$40.89K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.33K	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.87M	USD	Point-in-time
Accumulated (deficit)	`RetainedEarningsAccumulatedDeficit`	$-10.62M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.04M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$2.30M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$1.29M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$3.22M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$1.80M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Sales	`SalesRevenueNet`	-	USD	1 Quarter
Sales	`SalesRevenueNet`	-	USD	3 Qtrs
Sales	`SalesRevenueNet`	-	USD	1 Quarter
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	1 Quarter
Gross Profit	`GrossProfit`	-	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$71.63K	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$376.38K	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$261.60K	USD	3 Qtrs
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$144.86K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-376.38K	USD	3 Qtrs
(Loss) from operations	`OperatingIncomeLoss`	$-144.86K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-71.63K	USD	1 Quarter
(Loss) from operations	`OperatingIncomeLoss`	$-261.60K	USD	3 Qtrs
Other income (loss)	`NonoperatingIncomeExpense`	$3.73K	USD	1 Quarter
Other income (loss)	`NonoperatingIncomeExpense`	$1.45K	USD	3 Qtrs
Other income (loss)	`NonoperatingIncomeExpense`	$3.77K	USD	3 Qtrs
Other income (loss)	`NonoperatingIncomeExpense`	$-10.00	USD	1 Quarter
Equity (loss) - share of investee company (Note 7)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-62.68K	USD	3 Qtrs
Equity (loss) - share of investee company (Note 7)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$64.00	USD	1 Quarter
Equity (loss) - share of investee company (Note 7)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-6.10K	USD	1 Quarter
Equity (loss) - share of investee company (Note 7)	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-9.49K	USD	3 Qtrs
Investment income (loss)	`InvestmentIncomeInvestmentExpense`	$214.00	USD	1 Quarter
Investment income (loss)	`InvestmentIncomeInvestmentExpense`	$-31.94K	USD	3 Qtrs
Investment income (loss)	`InvestmentIncomeInvestmentExpense`	-	USD	1 Quarter
Investment income (loss)	`InvestmentIncomeInvestmentExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	$-100.00	USD	1 Quarter
Interest expense	`InterestExpense`	$14.88K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$79.00	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$7.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$39.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$19.00	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-599.85K	USD	Annual
Net loss	`NetIncomeLoss`	$-252.57K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-147.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-435.21K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-71.68K	USD	1 Quarter
Other comprehensive loss - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-6.99K	USD	1 Quarter
Other comprehensive loss - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-84.09K	USD	3 Qtrs
Other comprehensive loss - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-54.22K	USD	3 Qtrs
Other comprehensive loss - Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-102.67K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-306.80K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-249.85K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-519.30K	USD	3 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-78.67K	USD	1 Quarter
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Net loss per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	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
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.82M	shares	3 Qtrs
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	44.60M	shares	1 Quarter
Weighted average shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	46.96M	shares	3 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net (loss)	`NetIncomeLoss`	$-599.85K	USD	Annual
Net (loss)	`NetIncomeLoss`	$-252.57K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-147.19K	USD	1 Quarter
Net (loss)	`NetIncomeLoss`	$-435.21K	USD	3 Qtrs
Net (loss)	`NetIncomeLoss`	$-71.68K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$22.50K	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$6.63K	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$22.15K	USD	3 Qtrs
Depreciation of property, plant and equipment	`Depreciation`	$6.92K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$27.24K	USD	3 Qtrs
Gain on disposal of investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	-	USD	3 Qtrs
Gain on disposal of investment	`EquityMethodInvestmentRealizedGainLossOnDisposal`	$31.94K	USD	3 Qtrs
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$-62.68K	USD	3 Qtrs
Share of loss in equity investment in Softview	`GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee`	$64.00	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`	$-9.49K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-892.00	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$252.82K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$260.11K	USD	3 Qtrs
Other receivables, deposits and advance to suppliers	`IncreaseDecreaseInOtherReceivables`	$609.96K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$219.06K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$23.93K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-936.16K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.75K	USD	3 Qtrs
Proceeds from disposition of investment	`ProceedsFromSaleOfLandHeldforinvestment`	-	USD	3 Qtrs
Proceeds from disposition of investment	`ProceedsFromSaleOfLandHeldforinvestment`	-	USD	3 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	3 Qtrs
Disposal of property and equipment	`PropertyPlantAndEquipmentDisposals`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Advance from a director (Note 12)	`ProceedsFromRelatedPartyDebt`	$20.07K	USD	3 Qtrs
Advance from a director (Note 12)	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	$550.28K	USD	3 Qtrs
Advance from an investee company	`ProceedsFromContributionsFromAffiliates`	-	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`	$20.07K	USD	3 Qtrs
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$924.03K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-841.00	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`	$-19.76K	USD	3 Qtrs
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.48K	USD	3 Qtrs
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$5.39K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$7.27K	USD	Point-in-time
Cash and cash equivalents, beginning balance	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$25.16K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$5.39K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$7.27K	USD	Point-in-time
Cash and cash equivalents, ending balance	`CashAndCashEquivalentsAtCarryingValue`	$2.79K	USD	Point-in-time
Cash interest paid	`InterestPaid`	-	USD	3 Qtrs
Cash interest paid	`InterestPaid`	-	USD	3 Qtrs
Cash income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Other accounts receivable paid by stock	`OtherAccountsReceivablePaidByStock`	$452.02K	USD	3 Qtrs
Other accounts receivable paid by stock	`OtherAccountsReceivablePaidByStock`	-	USD	3 Qtrs
Stock paid to offset funds owed in other accounts receivable	`StockPaidToOffsetFundsOwedInOtherAccountsReceivable`	$-452.02K	USD	3 Qtrs
Stock paid to offset funds owed in other accounts receivable	`StockPaidToOffsetFundsOwedInOtherAccountsReceivable`	-	USD	3 Qtrs
Disposal of investments by offsetting payables	`DisposalOfInvestmentsByOffsettingPayables`	-	USD	3 Qtrs
Disposal of investments by offsetting payables	`DisposalOfInvestmentsByOffsettingPayables`	$1.12M	USD	3 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance	`StockholdersEquity`	$2.04M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.29M	USD	Point-in-time
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-54.22K	USD	3 Qtrs
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-129.80K	USD	Annual
Shares issued to CFO for compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$99.00K	USD	Annual
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	-	USD	Annual
Amortization of deferred stock based compensation	`AmortizationOfCommonStockForPrepaidService`	-	USD	3 Qtrs
Issuance of common stock to employees	`StockIssuedDuringPeriodValueIssuedToEmployees`	-	USD	Annual
Issuance of common stock for legal services	`StockIssuedDuringPeriodValueForLegalAdviser`	-	USD	Annual
Settlement of other receivable	`StockIssuedDuringPeriodSettlementOfOtherReceivable`	$-452.02K	USD	3 Qtrs
Shares subscription	`SharesSubscribed`	$373.75K	USD	Annual
Loss for the period	`NetIncomeLoss`	$-599.85K	USD	Annual
Loss for the period	`NetIncomeLoss`	$-252.57K	USD	3 Qtrs
Loss for the period	`NetIncomeLoss`	$-147.19K	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-435.21K	USD	3 Qtrs
Loss for the period	`NetIncomeLoss`	$-71.68K	USD	1 Quarter
Ending Balance	`StockholdersEquity`	$2.04M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$2.30M	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.29M	USD	Point-in-time

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