10-Q Filing

ADAMANT DRI PROCESSING & MINERALS GROUP CIK: 1171008 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-028223`
Period End Date	20210930
Filing Date	20211112
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 48 Cash Flow Statement 32 Stockholders Equity 26

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Convertible preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Convertible preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Convertible preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Convertible preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.33K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.33K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$3.33K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.11M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	16.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	16.11M	shares	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$200.00	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$20.50K	USD	Point-in-time
Advance from related party	`DueToRelatedPartiesCurrent`	$37.46K	USD	Point-in-time
Advance from related party	`DueToRelatedPartiesCurrent`	$5.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.20K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$57.96K	USD	Point-in-time
Convertible preferred stock: $0.001 par value; 1,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Convertible preferred stock: $0.001 par value; 1,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; authorized shares 100,000,000; issued and outstanding 16,110,005 shares	`CommonStockValue`	$16.11K	USD	Point-in-time
Common stock, $0.001 par value; authorized shares 100,000,000; issued and outstanding 16,110,005 shares	`CommonStockValue`	$16.11K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.54M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.54M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$1.86M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossBeforeTax1`	$1.86M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.42M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-31.72K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-30.05K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-2.50K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-3.75K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-4.58K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-5.20K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-3.12K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$-54.63K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.33K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	3 Qtrs
Cost of services provided	`CostOfRevenue`	-	USD	3 Qtrs
Cost of services provided	`CostOfRevenue`	-	USD	1 Quarter
Cost of services provided	`CostOfRevenue`	-	USD	1 Quarter
Cost of services provided	`CostOfRevenue`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	-	USD	3 Qtrs
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.88K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$49.43K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$625.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$22.91K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$625.00	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.88K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$49.43K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$22.91K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.43K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.88K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-22.91K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-625.00	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-49.43K	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-22.91K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-625.00	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic`	$-1.88K	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-22.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.43K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.88K	USD	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.11M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	16.11M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.48M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18.48M	shares	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-22.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.43K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.88K	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expense	`IncreaseDecreaseInPrepaidExpense`	$3.33K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$20.30K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.46K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.88K	USD	3 Qtrs
Advance from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.88K	USD	3 Qtrs
Advance from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$32.46K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$32.46K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.88K	USD	3 Qtrs
NET INCREASE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	3 Qtrs
NET INCREASE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	3 Qtrs
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
Income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-31.72K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-30.05K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.50K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.75K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-4.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-5.20K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-3.12K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-54.63K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-22.91K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.68K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-24.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.43K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-625.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.88K	USD	3 Qtrs
Redemption of common stock	`StockRepurchasedDuringPeriodValue1`	$200.00	USD	1 Quarter
Redemption of common stock	`StockRepurchasedDuringPeriodValue1`	-	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-31.72K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-30.05K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.75K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-4.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-5.20K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-3.12K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-54.63K	USD	Point-in-time

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