10-Q Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-005184`
Period End Date	20171231
Filing Date	20180416
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	atxg-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 60 Cash Flow Statement 62

Balance Sheet 63 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	506.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	500.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$146.37K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$227.95K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	500.00M	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$4.63M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$5.76M	USD	Point-in-time
Inventories, net	`InventoryNet`	$445.44K	USD	Point-in-time
Inventories, net	`InventoryNet`	$465.59K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.15M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$1.11M	USD	Point-in-time
Advances to suppliers	`Supplies`	$322.56K	USD	Point-in-time
Advances to suppliers	`Supplies`	$939.60K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$127.55K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$64.18K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.94M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.39M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$655.46K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$663.20K	USD	Point-in-time
Goodwill	`Goodwill`	$929.66K	USD	Point-in-time
Goodwill	`Goodwill`	$929.66K	USD	Point-in-time
Goodwill	`Goodwill`	$929.66K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.59M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.59M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.53M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.35M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.31M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$1.38M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$2.88M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$820.98K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$289.69K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$334.29K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$3.99M	USD	Point-in-time
Payable for acquisition of business	`BusinessCombinationContingentConsiderationLiabilityCurrent`	$3.05M	USD	Point-in-time
Payable for acquisition of business	`BusinessCombinationContingentConsiderationLiabilityCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$6.11K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$723.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.91M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.50M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.91M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$9.50M	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value, 506,920,000 shares issued and outstanding for the period ended December 31, 2017 and $0.001 par value, 500,000,000shares issued and outstanding for the year ended March 31, 2017)	`CommonStockValue`	$506.92K	USD	Point-in-time
Common stock ($0.001 par value, 506,920,000 shares issued and outstanding for the period ended December 31, 2017 and $0.001 par value, 500,000,000shares issued and outstanding for the year ended March 31, 2017)	`CommonStockValue`	$500.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$-400.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$-420.52K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$498.42K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$406.17K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.54K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.54K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$7.19K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.64K	USD	Point-in-time
Total equity	`StockholdersEquity`	$482.47K	USD	Point-in-time
Total equity	`StockholdersEquity`	$627.15K	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$9.53M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$9.98M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.06M	USD	1 Quarter
REVENUES	`Revenues`	$11.34M	USD	3 Qtrs
REVENUES	`Revenues`	$2.41M	USD	1 Quarter
REVENUES	`Revenues`	$2.41M	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$10.20M	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$2.05M	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$2.71M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$2.05M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$360.06K	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$1.14M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$360.06K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$356.42K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$-4.11K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$-21.64K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$-736.00	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$-736.00	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$-292.54K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$-1.22M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$-292.54K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$-419.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-293.27K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$-423.16K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-293.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$-1.24M	USD	3 Qtrs
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$66.78K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-99.26K	USD	3 Qtrs
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-66.75K	USD	1 Quarter
(LOSS) INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$66.78K	USD	3 Qtrs
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$2.68K	USD	3 Qtrs
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$7.13K	USD	3 Qtrs
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$7.20K	USD	1 Quarter
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$2.68K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-92.13K	USD	3 Qtrs
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.46K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.54K	USD	1 Quarter
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$69.46K	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$13.19K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$5.98K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$13.71K	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$13.19K	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$56.27K	USD	1 Quarter
NET (LOSS) INCOME	`NetIncomeLoss`	$56.27K	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-105.85K	USD	3 Qtrs
NET (LOSS) INCOME	`NetIncomeLoss`	$-65.52K	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$6.91K	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$6.91K	USD	3 Qtrs
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.93K	USD	1 Quarter
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-38.84K	USD	3 Qtrs
TOTAL COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-74.45K	USD	1 Quarter
TOTAL COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$-144.68K	USD	3 Qtrs
TOTAL COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$63.18K	USD	3 Qtrs
TOTAL COMPREHENSIVE (LOSS) INCOME	`ComprehensiveIncomeNetOfTax`	$63.18K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	3 Qtrs
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	500.00M	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	500.00M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$56.27K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$56.27K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-105.85K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-65.52K	USD	1 Quarter
Depreciation	`Depreciation`	$7.48K	USD	1 Quarter
Depreciation	`Depreciation`	$84.53K	USD	3 Qtrs
Depreciation	`Depreciation`	$28.65K	USD	1 Quarter
Depreciation	`Depreciation`	$7.48K	USD	3 Qtrs
Loss from disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	$-4.50K	USD	3 Qtrs
Loss from disposal of plant and equipment	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Allowance for obsolete inventories	`InventoryWriteDown`	-	USD	3 Qtrs
Allowance for obsolete inventories	`InventoryWriteDown`	$155.72K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.14M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$915.62K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-192.64K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$20.15K	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-260.36K	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$617.05K	USD	3 Qtrs
Amounts due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$39.35K	USD	3 Qtrs
Amounts due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$-62.09K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$681.41K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$1.05M	USD	3 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$953.20K	USD	3 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$712.15K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-1.50M	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-28.88K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$1.25M	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$64.52K	USD	3 Qtrs
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-113.58K	USD	3 Qtrs
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$531.29K	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.38K	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$34.67K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$730.03K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-290.52K	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.79K	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.87K	USD	3 Qtrs
Proceeds from sale of plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	3 Qtrs
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$3.05M	USD	3 Qtrs
Acquisition of businesses net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of businesses net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-221.84K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$227.71K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.13M	USD	3 Qtrs
Proceeds from third party borrowings	`ProceedsFromRelatedPartyDebt`	$547.05K	USD	3 Qtrs
Proceeds from third party borrowings	`ProceedsFromRelatedPartyDebt`	$7.22M	USD	3 Qtrs
Repayment of third party borrowings	`RepaymentsOfRelatedPartyDebt`	$254.40K	USD	3 Qtrs
Repayment of third party borrowings	`RepaymentsOfRelatedPartyDebt`	$4.86M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$292.65K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.36M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-35.06K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$229.84K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.52K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.89K	USD	3 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$146.37K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$176.91K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$227.95K	USD	Point-in-time
CASH AND CASH EQQIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$146.37K	USD	Point-in-time
CASH AND CASH EQQIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQQIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$176.91K	USD	Point-in-time
CASH AND CASH EQQIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$227.95K	USD	Point-in-time

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