10-Q/A Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q1 2020

Filing Information

Form Type	10-Q/A
Accession Number	`0001493152-19-012823`
Period End Date	20190630
Filing Date	20190816
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	atxg-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 32 Cash Flow Statement 54

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, 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$298.57K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$277.26K	USD	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
Accounts receivables, net	`AccountsReceivableNetCurrent`	$1.75M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$1.80M	USD	Point-in-time
Inventories, net	`InventoryNet`	$412.54K	USD	Point-in-time
Inventories, net	`InventoryNet`	$318.05K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$96.47K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$178.13K	USD	Point-in-time
Advances to suppliers	`Supplies`	$126.81K	USD	Point-in-time
Advances to suppliers	`Supplies`	$230.48K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.68M	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`	$727.58K	USD	Point-in-time
Goodwill	`Goodwill`	$475.00K	USD	Point-in-time
Goodwill	`Goodwill`	$475.00K	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$469.96K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.67M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.17M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.35M	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$223.50K	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$218.48K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$884.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$601.34K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$4.65M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$4.20M	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$102.67K	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$52.27K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$259.84K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesAndOtherLiabilities`	$778.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$6.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.67M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$91.68K	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$91.68K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$5.67M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$6.39M	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, 25,346,004 shares issued and outstanding at June 30, 2019 and March 31, 2019, respectively)	`CommonStockValue`	$25.35K	USD	Point-in-time
Common stock ($0.001 par value, 25,346,004 shares issued and outstanding at June 30, 2019 and March 31, 2019, respectively)	`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`	$-1.78M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-2.14M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.78K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.78K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.95K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$2.05K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-2.03M	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`	$4.35M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.21M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.73M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$1.85M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$2.44M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$294.62K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$357.93K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$4.72K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$7.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$704.45K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$463.90K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$711.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$468.62K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-174.00K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-353.74K	USD	1 Quarter
FINANCE COST, NET	`FinanceCost`	-	USD	1 Quarter
FINANCE COST, NET	`FinanceCost`	$4.39K	USD	1 Quarter
OTHER INCOME, (EXPENSE)	`OtherNonoperatingIncomeExpense`	$13.70K	USD	1 Quarter
OTHER INCOME, (EXPENSE)	`OtherNonoperatingIncomeExpense`	$-7.00K	USD	1 Quarter
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-365.14K	USD	1 Quarter
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-160.30K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$609.00	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$2.21K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-160.91K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-367.35K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$74.91K	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$37.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-86.00K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-330.35K	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`	25.35M	shares	1 Quarter
Weighted average number of shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.35M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-160.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-367.35K	USD	1 Quarter
Depreciation	`Depreciation`	$30.80K	USD	1 Quarter
Depreciation	`Depreciation`	$28.70K	USD	1 Quarter
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-3.39K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-152.27K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-50.62K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$94.50K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-65.64K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-8.05K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-103.67K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-25.80K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-81.66K	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-282.91K	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`	$198.35K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.01M	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-50.40K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.92K	USD	1 Quarter
Taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$490.06K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-328.77K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.59K	USD	1 Quarter
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$90.14K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-90.14K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.59K	USD	1 Quarter
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$294.04K	USD	1 Quarter
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$650.68K	USD	1 Quarter
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$561.00K	USD	1 Quarter
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$209.70K	USD	1 Quarter
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	$840.67K	USD	1 Quarter
Proceeds from third party borrowings	`ProceedsFromThirdPartyBorrowings`	-	USD	1 Quarter
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$998.63K	USD	1 Quarter
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-424.92K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$440.98K	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$22.07K	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$39.56K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-766.00	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.72K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$264.81K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$301.64K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$277.26K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$298.57K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$264.81K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$301.64K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$277.26K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$298.57K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$3.91K	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$551.12K	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter

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