10-Q Filing

ADDENTAX GROUP CORP. CIK: 1650101 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-019895`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 35 Cash Flow Statement 50 Stockholders Equity 12

Balance Sheet 64 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 authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$972.17K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.85M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.69M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	26.69M	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$6.79M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.69M	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$4.76M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	26.69M	shares	Point-in-time
Inventories	`InventoryNet`	$270.43K	USD	Point-in-time
Inventories	`InventoryNet`	$408.33K	USD	Point-in-time
Prepayments and other receivables	`PrepaidExpenseAndOtherAssets`	$1.00M	USD	Point-in-time
Prepayments and other receivables	`PrepaidExpenseAndOtherAssets`	$684.16K	USD	Point-in-time
Advances to suppliers	`Supplies`	$355.45K	USD	Point-in-time
Advances to suppliers	`Supplies`	$738.69K	USD	Point-in-time
Amount due from related party	`DueFromRelatedPartiesCurrent`	$84.84K	USD	Point-in-time
Amount due from related party	`DueFromRelatedPartiesCurrent`	$238.74K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.15M	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$793.98K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$875.83K	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$8.94M	USD	Point-in-time
Operating lease right of use asset	`OperatingLeaseRightOfUseAsset`	$9.63M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$10.43M	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$9.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$19.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$18.42M	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$154.83K	USD	Point-in-time
Short-term loan	`ShortTermBorrowings`	$152.61K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$3.12M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$5.64M	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$4.91M	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	$3.03K	USD	Point-in-time
Advances from customers	`ContractWithCustomerLiabilityCurrent`	-	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesCurrent`	$681.98K	USD	Point-in-time
Accrued expenses and other payables	`AccruedLiabilitiesCurrent`	$765.03K	USD	Point-in-time
Operating lease liability current portion	`OperatingLeaseLiabilityCurrent`	$3.56M	USD	Point-in-time
Operating lease liability current portion	`OperatingLeaseLiabilityCurrent`	$3.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.43M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$6.08M	USD	Point-in-time
Operating lease liability	`OperatingLeaseLiabilityNoncurrent`	$5.28M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$18.51M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$20.00M	USD	Point-in-time
Common stock ($0.001 par value, 50,000,000 shares authorized, 26,693,004 shares issued and outstanding at June 30, 2021 and March 31, 2021)	`CommonStockValue`	$26.69K	USD	Point-in-time
Common stock ($0.001 par value, 50,000,000 shares authorized, 26,693,004 shares issued and outstanding at June 30, 2021 and March 31, 2021)	`CommonStockValue`	$26.69K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.82M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-6.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-6.76M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$13.82K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$13.82K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-133.63K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-103.12K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-81.50K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-33.07K	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Total deficit	`StockholdersEquity`	$-2.87M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$19.97M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$18.42M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.92M	USD	1 Quarter
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.29M	USD	2 Qtrs
REVENUES	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.29M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$5.12M	USD	1 Quarter
COST OF REVENUES	`CostOfRevenue`	$3.70M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$583.40K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$797.64K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$153.25K	USD	1 Quarter
Selling and marketing	`SellingAndMarketingExpense`	$46.39K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$455.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$460.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$609.21K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$506.70K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$188.43K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$76.70K	USD	1 Quarter
Interest income	`InterestIncome`	$-1.97K	USD	1 Quarter
Interest income	`InterestIncome`	$-42.00	USD	1 Quarter
Interest expenses	`InterestExpense`	$4.96K	USD	1 Quarter
Interest expenses	`InterestExpense`	$2.23K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$13.24K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$23.75K	USD	1 Quarter
INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$207.26K	USD	1 Quarter
INCOME BEFORE INCOME TAX EXPENSE	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$89.67K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$10.72K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$3.36K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$78.95K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$203.90K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-30.52K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.46K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$199.44K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$48.43K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	26.15M	shares	1 Quarter
Weighted average number of shares outstanding Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	25.35M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$78.95K	USD	1 Quarter
Net income	`NetIncomeLoss`	$203.90K	USD	1 Quarter
Depreciation	`Depreciation`	$33.99K	USD	1 Quarter
Depreciation	`Depreciation`	$23.47K	USD	1 Quarter
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-4.95K	USD	1 Quarter
Loss on disposal of plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.82M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.03M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$249.26K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$137.89K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$168.48K	USD	1 Quarter
Advances to suppliers	`IncreaseDecreaseInPrepaidSupplies`	$383.23K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$317.38K	USD	1 Quarter
Other receivables	`IncreaseDecreaseInOtherReceivables`	$-85.72K	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$-2.09M	USD	1 Quarter
Accounts payables	`IncreaseDecreaseInAccountsPayable`	$1.38M	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$129.34K	USD	1 Quarter
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$17.04K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$145.56K	USD	1 Quarter
Advances from customers	`IncreaseDecreaseInContractWithCustomerLiability`	$-3.03K	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.25M	USD	1 Quarter
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$798.39K	USD	1 Quarter
Purchase of plant and equipment and other assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$104.23K	USD	1 Quarter
Purchase of plant and equipment and other assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$143.15K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-104.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-143.15K	USD	1 Quarter
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$1.29M	USD	1 Quarter
Proceeds from related party borrowings	`ProceedsFromRelatedPartyDebt`	$3.30M	USD	1 Quarter
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$806.99K	USD	1 Quarter
Repayment of related party borrowings	`RepaymentsOfRelatedPartyDebt`	$2.94M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$485.96K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$360.39K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-868.94K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.02M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-3.97K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.10K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.55M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$531.68K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$972.17K	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.85M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.55M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$531.68K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$972.17K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.85M	USD	Point-in-time
Cash paid during the year for interest	`InterestPaidNet`	$1.94K	USD	1 Quarter
Cash paid during the year for interest	`InterestPaidNet`	$3.77K	USD	1 Quarter
Cash paid during the year for income tax	`IncomeTaxesPaidNet`	$10.72K	USD	1 Quarter
Cash paid during the year for income tax	`IncomeTaxesPaidNet`	$3.36K	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$178.19K	USD	1 Quarter
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-81.50K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-33.07K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.87M	USD	Point-in-time
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-30.52K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-4.46K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$78.95K	USD	1 Quarter
Net income for the period	`NetIncomeLoss`	$203.90K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-81.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-33.07K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.07M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.87M	USD	Point-in-time

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