10-K Filing

ADDENTAX GROUP CORP. CIK: 1650101 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-012023`
Period End Date	20200331
Filing Date	20200629
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	atxg-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 34 Cash Flow Statement 60 Stockholders Equity 12

Balance Sheet 65 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`	$531.68K	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$4.50M	USD	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$1.80M	USD	Point-in-time
Inventories, net	`InventoryNet`	$318.05K	USD	Point-in-time
Inventories, net	`InventoryNet`	$347.53K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$178.13K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$231.97K	USD	Point-in-time
Advances to suppliers	`Supplies`	$230.48K	USD	Point-in-time
Advances to suppliers	`Supplies`	$389.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.80M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$585.02K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$694.43K	USD	Point-in-time
Goodwill	`Goodwill`	-	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`	$1.84M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$1.17M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$2.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.97M	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$223.50K	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$353.11K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$884.25K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.62M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$5.43M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$4.20M	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$18.93K	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$102.67K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesCurrent`	$259.84K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesCurrent`	$230.92K	USD	Point-in-time
Lease liabilities, current portion	`OperatingLeaseLiabilityCurrent`	$443.54K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.67M	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liability, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$1.39M	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$1.39M	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`	$11.49M	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 for the year ended March 31, 2020 and 2019 respectively)	`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, 2020 and 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`	$-3.23M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$21.78K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$23.51K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$56.49K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-34.95K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-3.07M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.97M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$8.42M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.17M	USD	Annual
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.03M	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$8.74M	USD	Annual
COST OF REVENUES	`CostOfRevenue`	$8.79M	USD	Annual
GROSS PROFIT	`GrossProfit`	$1.39M	USD	Annual
GROSS PROFIT	`GrossProfit`	$1.28M	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$13.41K	USD	Annual
Selling and marketing	`SellingAndMarketingExpense`	$17.91K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$1.95M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$2.24M	USD	Annual
Total operating expenses	`OperatingExpenses`	$2.25M	USD	Annual
Total operating expenses	`OperatingExpenses`	$1.97M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-683.13K	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-864.32K	USD	Annual
FINANCE COST, NET	`FinanceCost`	$20.67K	USD	Annual
FINANCE COST, NET	`FinanceCost`	$11.42K	USD	Annual
IMPAIRMENT LOSS ON GOODWILL	`GoodwillImpairmentLoss`	-	USD	Annual
IMPAIRMENT LOSS ON GOODWILL	`GoodwillImpairmentLoss`	$475.00K	USD	Annual
OTHER (EXPENSES)/INCOME	`OtherNonoperatingIncomeExpense`	$8.78K	USD	Annual
OTHER (EXPENSES)/INCOME	`OtherNonoperatingIncomeExpense`	$-79.56K	USD	Annual
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.44M	USD	Annual
LOSS BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-685.77K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$8.55K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$16.07K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-694.33K	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.46M	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$96.72K	USD	Annual
Foreign currency translation gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$91.44K	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-1.36M	USD	Annual
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTax`	$-597.61K	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	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 60 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-694.33K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.46M	USD	Annual
Depreciation	`Depreciation`	$114.39K	USD	Annual
Depreciation	`Depreciation`	$115.67K	USD	Annual
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-10.32K	USD	Annual
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-87.31K	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	$475.00K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.70M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.62M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$29.48K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$78.82K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$159.46K	USD	Annual
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$-35.89K	USD	Annual
Amounts due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	-	USD	Annual
Amounts due from related parties	`IncreaseDecreaseInDueFromRelatedParties`	$202.43K	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-1.93M	USD	Annual
Other receivables	`IncreaseDecreaseInOtherReceivables`	$53.85K	USD	Annual
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$2.74M	USD	Annual
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-608.24K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$130.72K	USD	Annual
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-80.11K	USD	Annual
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-1.46M	USD	Annual
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-83.74K	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-6.06K	USD	Annual
Taxes payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.19M	USD	Annual
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.15M	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$229.24K	USD	Annual
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$136.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-136.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-229.24K	USD	Annual
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$2.25M	USD	Annual
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$2.48M	USD	Annual
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$1.06M	USD	Annual
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$3.37M	USD	Annual
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$515.45K	USD	Annual
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$223.50K	USD	Annual
Repayment of bank borrowings	`RepaymentsOfBankDebt`	$371.87K	USD	Annual
Repayment of bank borrowings	`RepaymentsOfBankDebt`	-	USD	Annual
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	$56.74K	USD	Annual
Repayment of third party borrowings	`RepaymentOfThirdPartyBorrowings`	-	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-948.53K	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.56M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$15.39K	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$269.13K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-14.71K	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`	$531.68K	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`	$531.68K	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
Cash paid during the year for interest	`InterestPaidNet`	$9.59K	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$15.14K	USD	Annual
Cash paid during the year for income tax	`IncomeTaxesPaidNet`	$16.07K	USD	Annual
Cash paid during the year for income tax	`IncomeTaxesPaidNet`	$8.55K	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	Annual
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.98M	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Transfer to Statutory reserve	`TransferToStatutoryReserve`	-	USD	Annual
Transfer to Statutory reserve	`TransferToStatutoryReserve`	-	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$96.72K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$91.44K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-694.33K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-1.46M	USD	Annual
Balance	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$-1.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.07M	USD	Point-in-time

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