10-Q Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-18-015916`
Period End Date	20180930
Filing Date	20181114
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	atxg-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 60 Cash Flow Statement 56

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`	506.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$315.32K	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.91K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$376.96K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$1.91M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$3.42M	USD	Point-in-time
Inventories, net	`InventoryNet`	$123.53K	USD	Point-in-time
Inventories, net	`InventoryNet`	$239.23K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.01M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$339.55K	USD	Point-in-time
Advances to suppliers	`Supplies`	$489.86K	USD	Point-in-time
Advances to suppliers	`Supplies`	$266.38K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	-	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$202.43K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.39M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.24M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$646.16K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$648.54K	USD	Point-in-time
Goodwill	`Goodwill`	$475.00K	USD	Point-in-time
Goodwill	`Goodwill`	$475.00K	USD	Point-in-time
Goodwill	`Goodwill`	$929.66K	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`	$4.36M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.52M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$721.18K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.55M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$4.26M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$5.32M	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$60.02K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$1.56M	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$185.85K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$167.86K	USD	Point-in-time
Bank borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Bank borrowings	`ShortTermBorrowings`	$160.17K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$6.06K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$3.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.37M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.37M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.62M	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 as of September 30, 2018 and March 31, 2018 )	`CommonStockValue`	$506.92K	USD	Point-in-time
Common stock ($0.001 par value, 506,920,000 shares issued and outstanding as of September 30, 2018 and 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 (losses)	`RetainedEarningsAccumulatedDeficit`	$-1.08M	USD	Point-in-time
Retained earnings (losses)	`RetainedEarningsAccumulatedDeficit`	$-1.11M	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 (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-131.67K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.60K	USD	Point-in-time
Total equity (deficit)	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Total equity (deficit)	`StockholdersEquity`	$-1.10M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$7.52M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY (DEFICIT)	`LiabilitiesAndStockholdersEquity`	$4.36M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`Revenues`	$3.97M	USD	1 Quarter
REVENUES	`Revenues`	$7.61M	USD	2 Qtrs
REVENUES	`Revenues`	$2.83M	USD	1 Quarter
REVENUES	`Revenues`	$5.57M	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$4.59M	USD	2 Qtrs
COST OF REVENUES	`CostOfRevenue`	$3.40M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$2.15M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$6.77M	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$571.49K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$844.24K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$681.58K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$976.20K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$5.61K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$17.54K	USD	2 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$4.99K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$9.71K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$797.43K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$421.62K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$539.70K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.00M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$814.97K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.01M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$427.23K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$544.69K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$29.28K	USD	2 Qtrs
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$136.89K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$144.25K	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-37.11K	USD	2 Qtrs
OTHER INCOME (EXPENSE), NET	`OtherNonoperatingIncomeExpense`	$-1.58K	USD	2 Qtrs
OTHER INCOME (EXPENSE), NET	`OtherNonoperatingIncomeExpense`	$16.99K	USD	2 Qtrs
OTHER INCOME (EXPENSE), NET	`OtherNonoperatingIncomeExpense`	$33.00	USD	1 Quarter
OTHER INCOME (EXPENSE), NET	`OtherNonoperatingIncomeExpense`	$3.29K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$144.29K	USD	1 Quarter
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-20.12K	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$27.69K	USD	2 Qtrs
INCOME (LOSS) BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$140.18K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$7.74K	USD	2 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$5.49K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$3.88K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$4.49K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$-24.61K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$136.30K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$19.96K	USD	2 Qtrs
NET INCOME (LOSS)	`NetIncomeLoss`	$138.79K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$49.16K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$124.07K	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-21.39K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-69.84K	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$185.46K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$117.41K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-49.88K	USD	2 Qtrs
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$99.46K	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	2 Qtrs
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	506.92M	shares	2 Qtrs
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`	506.92M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-24.61K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$136.30K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$19.96K	USD	2 Qtrs
Net (loss) income	`NetIncomeLoss`	$138.79K	USD	1 Quarter
Depreciation	`Depreciation`	$29.24K	USD	1 Quarter
Depreciation	`Depreciation`	$28.36K	USD	1 Quarter
Depreciation	`Depreciation`	$60.04K	USD	2 Qtrs
Depreciation	`Depreciation`	$55.89K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$923.68K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.50M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-115.70K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-76.81K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$652.56K	USD	2 Qtrs
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$223.48K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-87.13K	USD	2 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.67M	USD	2 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$1.14M	USD	2 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-828.66K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$637.31K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$170.11K	USD	2 Qtrs
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-552.88K	USD	2 Qtrs
Advances from customers	`IncreaseDecreaseInCustomerAdvances`	$-1.50M	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-2.22K	USD	2 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$3.25K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-109.85K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$933.50K	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.67K	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.43K	USD	2 Qtrs
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$3.03M	USD	2 Qtrs
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-57.67K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.05M	USD	2 Qtrs
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$5.20M	USD	2 Qtrs
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$4.92M	USD	2 Qtrs
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$5.78M	USD	2 Qtrs
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$2.05M	USD	2 Qtrs
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$75.95K	USD	2 Qtrs
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$961.42K	USD	2 Qtrs
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$127.39K	USD	2 Qtrs
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$810.53K	USD	2 Qtrs
Proceeds from bank borrowings	`ProceedsFromShortTermDebt`	$160.17K	USD	2 Qtrs
Proceeds from bank borrowings	`ProceedsFromShortTermDebt`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.30M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-751.80K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$124.75K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$135.72K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.70K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.60K	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$315.32K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	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`	$376.96K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$315.32K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$176.91K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$376.96K	USD	Point-in-time

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