10-Q Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-012286`
Period End Date	20180630
Filing Date	20180820
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	atxg-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 30 Cash Flow Statement 50

Balance Sheet 61 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`	506.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$301.64K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$3.26M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$3.42M	USD	Point-in-time
Inventories, net	`InventoryNet`	$239.23K	USD	Point-in-time
Inventories, net	`InventoryNet`	$173.59K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.16M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.01M	USD	Point-in-time
Advances to suppliers	`Supplies`	$266.38K	USD	Point-in-time
Advances to suppliers	`Supplies`	$258.33K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$252.88K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$202.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.39M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$643.33K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$648.54K	USD	Point-in-time
Goodwill	`Goodwill`	$929.66K	USD	Point-in-time
Goodwill	`Goodwill`	$475.00K	USD	Point-in-time
Goodwill	`Goodwill`	$475.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.12M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.12M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.53M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$2.79M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.55M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$5.10M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$5.32M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$1.56M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$556.46K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$185.85K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$267.01K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$4.14K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$6.06K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.72M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.72M	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 three months ended June 30, 2018 and the year ended March 31, 2018)	`CommonStockValue`	$506.92K	USD	Point-in-time
Common stock ($0.001 par value, 506,920,000 shares issued and outstanding for the three months ended June 30, 2018 and the year ended March 31, 2018)	`CommonStockValue`	$506.92K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$-420.52K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$-420.52K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.24M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.08M	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`	$-131.67K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-56.77K	USD	Point-in-time
Total equity	`StockholdersEquity`	$-1.19M	USD	Point-in-time
Total equity	`StockholdersEquity`	$-1.10M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$7.53M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$7.52M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$2.73M	USD	1 Quarter
REVENUES	`Revenues`	$3.64M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$3.37M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$2.44M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$272.76K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$294.62K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$4.72K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$11.93K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$375.81K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$463.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$387.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$468.62K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-114.98K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-174.00K	USD	1 Quarter
OTHER INCOME (EXPENSE), NET	`OtherNonoperatingIncomeExpense`	$13.70K	USD	1 Quarter
OTHER INCOME (EXPENSE), NET	`OtherNonoperatingIncomeExpense`	$-1.62K	USD	1 Quarter
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.30K	USD	1 Quarter
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-116.59K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.24K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$609.00	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-118.84K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-160.91K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-48.45K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$74.91K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-167.29K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-86.00K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	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	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-118.84K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-160.91K	USD	1 Quarter
Depreciation	`Depreciation`	$30.80K	USD	1 Quarter
Depreciation	`Depreciation`	$27.53K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-152.27K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$381.17K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-150.27K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-65.64K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-8.05K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$489.61K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$85.64K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-25.80K	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$962.32K	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$1.24M	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$132.58K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$699.54K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-1.01M	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-820.14K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.92K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.26K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-54.48K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$490.06K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.59K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.70K	USD	1 Quarter
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	1 Quarter
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$3.03M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.59K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.04M	USD	1 Quarter
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$294.04K	USD	1 Quarter
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$4.63M	USD	1 Quarter
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$644.30K	USD	1 Quarter
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$561.00K	USD	1 Quarter
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$14.48K	USD	1 Quarter
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$840.67K	USD	1 Quarter
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$998.63K	USD	1 Quarter
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$167.00	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-424.92K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$910.18K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$39.56K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.72K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$14.49K	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$301.64K	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`	$1.10M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	USD	Point-in-time
CASH AND CASH EQQIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$301.64K	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`	$1.10M	USD	Point-in-time
CASH AND CASH EQQIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	USD	Point-in-time

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