10-Q Filing

ADAMANT DRI PROCESSING & MINERALS GROUP CIK: 1171008 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-029682`
Period End Date	20230630
Filing Date	20230821
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 34 Cash Flow Statement 34 Stockholders Equity 21

Balance Sheet 48 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
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	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
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.00K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$18.45K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$22.83K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$21.72K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$21.72K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$47.59K	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`	$7.66M	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`	$-9.58M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-9.55M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-47.59K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-66.10K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-14.73K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.00K	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$21.77K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$15.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$32.12K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$49.40K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.15K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$49.40K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$32.12K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$21.77K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.77K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-49.40K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-32.12K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.15K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-49.40K	USD	2 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.15K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.77K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-32.12K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-32.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.40K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	2 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	2 Qtrs
Basic net loss per share	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic net loss per share	`EarningsPerShareBasic`	-	USD	2 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-32.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.40K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$500.00	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.00K	USD	2 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-17.80K	USD	2 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$4.38K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-67.71K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-24.74K	USD	2 Qtrs
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$57.19K	USD	2 Qtrs
Advance from related parties	`ProceedsFromRelatedPartyDebt`	$24.74K	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$10.52K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.74K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$67.71K	USD	2 Qtrs
NET INCREASE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
NET INCREASE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
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	2 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Capital contribution from Shareholder	`StockIssued1`	-	USD	2 Qtrs
Capital contribution from Shareholder	`StockIssued1`	$21.70K	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-47.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-66.10K	USD	Point-in-time
Balance	`StockholdersEquity`	$-14.73K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-32.12K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.15K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-49.40K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-21.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Shareholder contribution to paid in capital	`AdjustmentsToAdditionalPaidInCapitalContributionsByShareholders`	$21.70K	USD	1 Quarter
Increase in paid in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$100.35K	USD	1 Quarter
Increase in paid in capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$417.00	USD	1 Quarter
Balance	`StockholdersEquity`	$-47.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-66.10K	USD	Point-in-time
Balance	`StockholdersEquity`	$-14.73K	USD	Point-in-time

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