10-Q Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001493152-19-001797`
Period End Date	20181231
Filing Date	20190213
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	atxg-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 60 Cash Flow Statement 56

Balance Sheet 59 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`	$356.97K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	506.92M	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$1.89M	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`	$391.65K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.01M	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$195.74K	USD	Point-in-time
Advances to suppliers	`Supplies`	$221.84K	USD	Point-in-time
Advances to suppliers	`Supplies`	$266.38K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$202.43K	USD	Point-in-time
Amounts due from related parties	`DueFromRelatedPartiesCurrent`	$80.15K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.13M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.39M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$648.54K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$651.35K	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`	$1.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.52M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.26M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.21M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.55M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$5.32M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$4.06M	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$121.19K	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$1.56M	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$256.70K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$185.85K	USD	Point-in-time
Bank borrowings	`ShortTermBorrowings`	-	USD	Point-in-time
Bank borrowings	`ShortTermBorrowings`	$159.92K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$6.06K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$2.11K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.62M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.81M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.62M	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`	$-1.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.65M	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`	$-8.05K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-131.67K	USD	Point-in-time
Total equity	`StockholdersEquity`	$-1.55M	USD	Point-in-time
Total equity	`StockholdersEquity`	$-1.10M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$4.26M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$7.52M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$3.06M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$8.11M	USD	3 Qtrs
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.54M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.68M	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$7.09M	USD	3 Qtrs
COST OF REVENUES	`CostOfRevenue`	$2.50M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$2.70M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$9.47M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$1.21M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$360.80K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.02M	USD	3 Qtrs
GROSS PROFIT	`GrossProfit`	$46.06K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$14.48K	USD	3 Qtrs
Selling and marketing	`SellingAndMarketingExpense`	$4.77K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$4.11K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$21.64K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$586.31K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.22M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.59M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$419.06K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.24M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$1.60M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$423.16K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$591.08K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-545.02K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-582.13K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-33.09K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-62.37K	USD	1 Quarter
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$19.13K	USD	3 Qtrs
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$2.14K	USD	1 Quarter
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$7.20K	USD	1 Quarter
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$5.62K	USD	3 Qtrs
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-55.16K	USD	1 Quarter
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-563.00K	USD	3 Qtrs
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-542.88K	USD	1 Quarter
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-27.47K	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$5.98K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.10K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$6.59K	USD	3 Qtrs
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$13.71K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-569.59K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-61.14K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-544.98K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-41.18K	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-29.57K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-99.41K	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$123.62K	USD	3 Qtrs
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-445.00	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-445.96K	USD	3 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-545.42K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-140.59K	USD	3 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-90.71K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
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`	506.92M	shares	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`	506.92M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-569.59K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-61.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-544.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-41.18K	USD	3 Qtrs
Depreciation	`Depreciation`	$84.53K	USD	3 Qtrs
Depreciation	`Depreciation`	$88.43K	USD	3 Qtrs
Depreciation	`Depreciation`	$28.65K	USD	1 Quarter
Depreciation	`Depreciation`	$28.39K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.53M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-150.66K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$20.15K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$152.42K	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$617.05K	USD	3 Qtrs
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-44.53K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$822.09K	USD	3 Qtrs
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.81M	USD	3 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-338.73K	USD	3 Qtrs
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$1.86M	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$385.25K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$117.17K	USD	3 Qtrs
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-226.84K	USD	3 Qtrs
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.44M	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.38K	USD	3 Qtrs
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.95K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$756.51K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.08M	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$91.25K	USD	3 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$76.79K	USD	3 Qtrs
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	3 Qtrs
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$3.03M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-91.25K	USD	3 Qtrs
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$4.25M	USD	3 Qtrs
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$4.78M	USD	3 Qtrs
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$2.77M	USD	3 Qtrs
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$5.39M	USD	3 Qtrs
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$829.08K	USD	3 Qtrs
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$596.63K	USD	3 Qtrs
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$3.51M	USD	3 Qtrs
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$525.98K	USD	3 Qtrs
Proceeds from bank borrowings	`ProceedsFromShortTermDebt`	-	USD	3 Qtrs
Proceeds from bank borrowings	`ProceedsFromShortTermDebt`	$159.92K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-887.41K	USD	3 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.31M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$104.42K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-35.06K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-12.26K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.52K	USD	3 Qtrs
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$356.97K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.91K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$264.81K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$146.37K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$356.97K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.91K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$264.81K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$146.37K	USD	Point-in-time

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