10-Q Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-17-013560`
Period End Date	20170930
Filing Date	20171120
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	atxg-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 68 Cash Flow Statement 64

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$158.56K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$378.56K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$412.39K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.93K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.48M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$4.71M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$1.61M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Note receivable	`NotesReceivableNet`	$1.06M	USD	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$130.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Due from related parties	`DueFromRelatedPartiesCurrent`	$74.92K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Inventory	`InventoryNet`	$602.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	506.92M	shares	Point-in-time
Inventory	`InventoryNet`	$530.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	506.92M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$983.78K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$318.94K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$200.94K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$48.48K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.26M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$7.04M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$663.36K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$632.90K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.71M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.89M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.45M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.13M	USD	Point-in-time
Loan payable	`LoansPayableCurrent`	$4.28M	USD	Point-in-time
Loan payable	`LoansPayableCurrent`	$1.63M	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$492.55K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$290.10K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$2.61M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$2.88M	USD	Point-in-time
Tax payable	`TaxesPayableCurrent`	$17.37K	USD	Point-in-time
Tax payable	`TaxesPayableCurrent`	$4.63K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$104.06K	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$56.27K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$7.04M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$9.91M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$9.91M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.04M	USD	Point-in-time
Preferred stock: 100,000,000 authorized; $0.0001 par value 0 and 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: 100,000,000 authorized; $0.0001 par value 0 and 0 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $0.001; 1,000,000,000 shares authorized, 506,920,000 shares issued and outstanding	`CommonStockValue`	$506.92K	USD	Point-in-time
Common stock, par value $0.001; 1,000,000,000 shares authorized, 506,920,000 shares issued and outstanding	`CommonStockValue`	$506.92K	USD	Point-in-time
Capital deficiency	`CapitalDeficiency`	$-1.55M	USD	Point-in-time
Capital deficiency	`CapitalDeficiency`	$-32.42K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-160.35K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-114.07K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$188.02K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$307.69K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$668.12K	USD	Point-in-time
Total Stockholders' Deficit	`StockholdersEquity`	$-1.02M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$8.89M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	`LiabilitiesAndStockholdersEquity`	$7.71M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$5.93M	USD	2 Qtrs
Revenues	`Revenues`	$2.43M	USD	1 Quarter
Revenues	`Revenues`	$8.05M	USD	2 Qtrs
Revenues	`Revenues`	$3.73M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$2.05M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$7.40M	USD	2 Qtrs
Cost of revenue	`CostOfRevenue`	$3.37M	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$5.08M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$843.99K	USD	2 Qtrs
Gross Profit	`GrossProfit`	$363.10K	USD	1 Quarter
Gross Profit	`GrossProfit`	$385.70K	USD	1 Quarter
Gross Profit	`GrossProfit`	$643.07K	USD	2 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$755.55K	USD	2 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$789.19K	USD	2 Qtrs
General and administration	`GeneralAndAdministrativeExpense`	$374.50K	USD	1 Quarter
General and administration	`GeneralAndAdministrativeExpense`	$401.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$374.50K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$401.55K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$755.55K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$789.19K	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$-11.41K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-15.85K	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-112.47K	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$54.80K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$7.64K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$669.00	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$12.59K	USD	2 Qtrs
Other income	`OtherNonoperatingIncome`	$81.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$1.74K	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$689.00	USD	2 Qtrs
Other expense	`OtherNonoperatingExpense`	$213.00	USD	1 Quarter
Other expense	`OtherNonoperatingExpense`	$41.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$11.90K	USD	2 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$40.00	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$7.43K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-1.07K	USD	2 Qtrs
Net loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.37K	USD	1 Quarter
Net loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$66.70K	USD	2 Qtrs
Net loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-113.54K	USD	2 Qtrs
Net loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-8.43K	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$3.91K	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$5.08K	USD	1 Quarter
Income tax	`IncomeTaxExpenseBenefit`	$6.13K	USD	2 Qtrs
Income tax	`IncomeTaxExpenseBenefit`	$15.33K	USD	2 Qtrs
Loss from Continuing Operations	`IncomeLossFromContinuingOperations`	$-13.51K	USD	1 Quarter
Loss from Continuing Operations	`IncomeLossFromContinuingOperations`	$51.37K	USD	2 Qtrs
Loss from Continuing Operations	`IncomeLossFromContinuingOperations`	$-119.67K	USD	2 Qtrs
Loss from Continuing Operations	`IncomeLossFromContinuingOperations`	$-15.28K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$51.37K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-119.67K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-15.28K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-13.51K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$16.18K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$73.41K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$46.16K	USD	2 Qtrs
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossTax`	$11.12K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-24.63K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-165.83K	USD	2 Qtrs
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-31.45K	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-22.04K	USD	2 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net Loss Per Common Share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	1 Quarter
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	1 Quarter
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	2 Qtrs
Weighted Average Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	2 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$51.37K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-119.67K	USD	2 Qtrs
Net Income (Loss)	`NetIncomeLoss`	$-15.28K	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-13.51K	USD	1 Quarter
Depreciation	`Depreciation`	$49.72K	USD	2 Qtrs
Depreciation	`Depreciation`	$56.80K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-398.01K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$119.03K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$-92.29K	USD	2 Qtrs
Inventory	`IncreaseDecreaseInInventories`	$189.51K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$646.51K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.55K	USD	2 Qtrs
Other receivable	`IncreaseDecreaseInOtherReceivables`	$150.46K	USD	2 Qtrs
Other receivable	`IncreaseDecreaseInOtherReceivables`	$-237.45K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-36.33K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$231.20K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$191.88K	USD	2 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$310.44K	USD	2 Qtrs
Tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$12.55K	USD	2 Qtrs
Tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$18.27K	USD	2 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$-51.35K	USD	2 Qtrs
Other payable	`IncreaseDecreaseInOtherAccountsPayable`	$-18.56K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$14.76K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$307.38K	USD	2 Qtrs
Acquisition of subsidiary	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$-1.50M	USD	2 Qtrs
Acquisition of subsidiary	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-101.25K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$-3.14K	USD	2 Qtrs
Note receivable	`PaymentsToAcquireNotesReceivable`	$-621.93K	USD	2 Qtrs
Note receivable	`PaymentsToAcquireNotesReceivable`	$-854.79K	USD	2 Qtrs
Collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Collection of note receivable	`ProceedsFromCollectionOfNotesReceivable`	$336.60K	USD	2 Qtrs
Loan to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	-	USD	2 Qtrs
Loan to related parties	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$189.28K	USD	2 Qtrs
Collection of loan to related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$618.56K	USD	2 Qtrs
Collection of loan to related parties	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$-29.94K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.86M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-104.62K	USD	2 Qtrs
Proceed from borrowings	`ProceedsFromShortTermDebt`	$4.28M	USD	2 Qtrs
Proceed from borrowings	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Repayment of loans	`RepaymentsOfShortTermDebt`	$1.68M	USD	2 Qtrs
Repayment of loans	`RepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Loans from related parties, net	`ProceedsFromRelatedPartyDebt`	$56.20K	USD	2 Qtrs
Loans from related parties, net	`ProceedsFromRelatedPartyDebt`	$150.00	USD	2 Qtrs
Repayment of loans from related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of loans from related parties	`RepaymentsOfRelatedPartyDebt`	$549.38K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$56.20K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.05M	USD	2 Qtrs
Effects on changes in foreign exchange rate	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.12K	USD	2 Qtrs
Effects on changes in foreign exchange rate	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.12K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$253.83K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$201.64K	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$158.56K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$378.56K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$412.39K	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$176.93K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$158.56K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$378.56K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$412.39K	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$176.93K	USD	Point-in-time
Cash paid for interest and income tax	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest and income tax	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs

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