10-Q Filing

ADAMANT DRI PROCESSING & MINERALS GROUP CIK: 1171008 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-018571`
Period End Date	20230331
Filing Date	20230522
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 18 Cash Flow Statement 28 Stockholders Equity 11

Balance Sheet 44 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
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Convertible preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	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
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`	100.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$1.50K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.50K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.00K	USD	Point-in-time
Accrued liabilities and other payables (Note 3)	`AccountsPayableAndOtherAccruedLiabilities`	$24.80K	USD	Point-in-time
Accrued liabilities and other payables (Note 3)	`AccountsPayableAndOtherAccruedLiabilities`	$18.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.02K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.17K	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`	$7.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.64M	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`	$-9.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.56M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-66.10K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$1.50K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.00K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
Cost of services provided	`CostOfRevenue`	-	USD	1 Quarter
Cost of services provided	`CostOfRevenue`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
Gross profit	`GrossProfit`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.35K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$34.25K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.35K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-34.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic and diluted net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-1.50K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$6.35K	USD	1 Quarter
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-22.52K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.50K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-56.77K	USD	1 Quarter
Advance from a related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Advance from a related party	`ProceedsFromRelatedPartyDebt`	$2.50K	USD	1 Quarter
Capital Contribution	`ProceedsFromContributedCapital`	$56.77K	USD	1 Quarter
Capital Contribution	`ProceedsFromContributedCapital`	-	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$56.77K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.50K	USD	1 Quarter
NET INCREASE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
NET INCREASE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	1 Quarter
CASH & EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	-	USD	Point-in-time
CASH & EQUIVALENTS, BEGINNING OF YEAR	`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	1 Quarter
Income tax paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$-66.10K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Increase in paid in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$100.35K	USD	1 Quarter
Balance	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$-66.10K	USD	Point-in-time

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