10-K Filing

ADDENTAX GROUP CORP. CIK: 1650101 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001493152-19-009992`
Period End Date	20190331
Filing Date	20190701
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	atxg-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 34 Cash Flow Statement 58 Stockholders Equity 12

Balance Sheet 60 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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.35M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	25.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.35M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.35M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$277.26K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$264.81K	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$3.42M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$1.80M	USD	Point-in-time
Inventories, net	`InventoryNet`	$239.23K	USD	Point-in-time
Inventories, net	`InventoryNet`	$318.05K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$178.13K	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`	$230.48K	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`	$2.80M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$694.43K	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
Total non-current assets	`AssetsNoncurrent`	$1.12M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.17M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.52M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.97M	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	-	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$223.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$884.25K	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`	$4.20M	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$1.56M	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$102.67K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$259.84K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$185.85K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$6.06K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$8.62M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.67M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.67M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$8.62M	USD	Point-in-time
Common stock ($0.001 par value, 25,346,004 shares issued and outstanding for the year ended March 31, 2019 retrospectively)	`CommonStockValue`	$25.35K	USD	Point-in-time
Common stock ($0.001 par value, 25,346,004 shares issued and outstanding for the year ended March 31, 2019 retrospectively)	`CommonStockValue`	$25.35K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$61.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$61.05K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-1.78M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.78K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.54K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-131.67K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.95K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-243.98K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.97M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$7.52M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.03M	USD	Annual
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$13.44M	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$8.74M	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$12.00M	USD	Annual
GROSS PROFIT	`GrossProfit`	$1.44M	USD	Annual
GROSS PROFIT	`GrossProfit`	$1.28M	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$17.91K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$25.43K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.67M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.97M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.70M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-683.13K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-255.95K	USD	Annual
IMPAIRMENT LOSS ON GOODWILL	`GoodwillImpairmentLoss`	-	USD	Annual
IMPAIRMENT LOSS ON GOODWILL	`GoodwillImpairmentLoss`	$454.66K	USD	Annual
FINANCE COST	`FinanceCost`	-	USD	Annual
FINANCE COST	`FinanceCost`	$-11.42K	USD	Annual
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$20.56K	USD	Annual
OTHER INCOME, NET	`OtherNonoperatingIncomeExpense`	$8.78K	USD	Annual
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-685.77K	USD	Annual
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-690.05K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$8.55K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$19.34K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-694.33K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-709.40K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-151.56K	USD	Annual
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$96.72K	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-597.61K	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-860.95K	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.03	USD	Annual
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.35M	shares	Annual
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.35M	shares	Annual

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-694.33K	USD	Annual
Net loss	`NetIncomeLoss`	$-709.40K	USD	Annual
Depreciation	`Depreciation`	$111.74K	USD	Annual
Depreciation	`Depreciation`	$115.67K	USD	Annual
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.32K	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	$454.66K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.36M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.62M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$78.82K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-206.21K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-56.18K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-35.89K	USD	Annual
Amounts due from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-202.43K	USD	Annual
Amounts due from related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$74.88K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.93M	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$181.53K	USD	Annual
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-60.80K	USD	Annual
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-608.24K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$186.45K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	-	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$11.88K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$130.72K	USD	Annual
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$514.04K	USD	Annual
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.46M	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.34K	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-6.06K	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.88M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$193.16K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$229.24K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.08K	USD	Annual
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	-	USD	Annual
Payment for acquisition of subsidiaries	`PaymentsToAcquireInterestInSubsidiariesAndAffiliates`	$3.03M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.12M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-229.24K	USD	Annual
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$2.89M	USD	Annual
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$2.25M	USD	Annual
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$797.42K	USD	Annual
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$3.37M	USD	Annual
Proceeds from bank borrowings	`ProceedsFromShortTermDebt`	-	USD	Annual
Proceeds from bank borrowings	`ProceedsFromShortTermDebt`	$223.50K	USD	Annual
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$1.62M	USD	Annual
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	-	USD	Annual
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$2.39M	USD	Annual
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$56.74K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-948.53K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.32M	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$80.38K	USD	Annual
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$15.39K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.52K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.94K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$176.91K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$277.26K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$264.81K	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`	$277.26K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$264.81K	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$-243.98K	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Recapitalization	`Recapitalization`	-	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-151.56K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$96.72K	USD	Annual
Transfer to Statutory reserve	`TransferToStatutoryReserve`	-	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-694.33K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-709.40K	USD	Annual
Ending balance	`StockholdersEquity`	$-243.98K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$-1.70M	USD	Point-in-time

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