10-Q Filing

ADAMANT DRI PROCESSING & MINERALS GROUP CIK: 1171008 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-042160`
Period End Date	20230930
Filing Date	20231120
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 60 Cash Flow Statement 45 Stockholders Equity 30

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
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`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	87.11M	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`	87.11M	shares	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash & equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	$3.00K	USD	Point-in-time
Prepaid expense	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid acquisition costs	`PrepaidAcquisitionCostsCurrent`	$70.00K	USD	Point-in-time
Prepaid acquisition costs	`PrepaidAcquisitionCostsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$70.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$70.00K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$23.52K	USD	Point-in-time
Accrued liabilities and other payables	`AccountsPayableAndOtherAccruedLiabilities`	$18.45K	USD	Point-in-time
Advances and loans payable related parties	`ShortTermBorrowings`	-	USD	Point-in-time
Advances and loans payable related parties	`ShortTermBorrowings`	$9.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.17K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$35.33K	USD	Point-in-time
Preferred stock: $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock: $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 share authorized; 87,110,005 and 16,110,005 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$87.11K	USD	Point-in-time
Common stock, $0.001 par value; 500,000,000 share authorized; 87,110,005 and 16,110,005 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$16.11K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.64M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$7.68M	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`	$-9.59M	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-47.59K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-14.73K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$34.67K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-24.68K	USD	Point-in-time
Total stockholders equity (deficit)	`StockholdersEquity`	$-66.10K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$3.00K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$70.00K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	-	USD	1 Quarter
Consulting fees	`ConsultingFees`	-	USD	3 Qtrs
Consulting fees	`ConsultingFees`	$20.63K	USD	3 Qtrs
Consulting fees	`ConsultingFees`	$19.60K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.50K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$8.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$54.86K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$27.52K	USD	3 Qtrs
Filing fees	`FilingFees`	$500.00	USD	1 Quarter
Filing fees	`FilingFees`	$1.35K	USD	1 Quarter
Filing fees	`FilingFees`	$10.34K	USD	3 Qtrs
Filing fees	`FilingFees`	$2.00K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$646.00	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.49K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.34K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.27K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$9.95K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$32.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$59.35K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$64.84K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-32.72K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-64.84K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-59.35K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-9.95K	USD	1 Quarter
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$21.72K	USD	3 Qtrs
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$21.72K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$21.72K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	-	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$21.72K	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-43.12K	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-9.95K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-59.35K	USD	3 Qtrs
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.12K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.35K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-15.15K	USD	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	1 Quarter
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	16.11M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	23.65M	shares	3 Qtrs
Basic weighted average shares outstanding	`WeightedAverageNumberOfSharesOutstandingBasic`	38.49M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	23.65M	shares	3 Qtrs
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.49M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.11M	shares	1 Quarter
Diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	16.11M	shares	3 Qtrs
Basic net loss per share	`EarningsPerShareBasic`	-	USD	3 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	3 Qtrs
Diluted net loss per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Diluted net loss per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net loss per share	`EarningsPerShareDiluted`	-	USD	3 Qtrs

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-11.00K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-9.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-43.12K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-21.77K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-59.35K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-15.15K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$23.26K	USD	3 Qtrs
Stock based compensation	`ShareBasedCompensation`	-	USD	3 Qtrs
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$21.72K	USD	3 Qtrs
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$21.72K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.00K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$5.07K	USD	3 Qtrs
Accrued liabilities and other payables	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-9.36K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-68.71K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.51K	USD	3 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$9.31K	USD	3 Qtrs
Advances from related parties	`ProceedsFromRelatedPartyDebt`	$57.19K	USD	3 Qtrs
Capital contributions from Shareholder	`ProceedsFromContributedCapital`	$21.70K	USD	3 Qtrs
Loans from related parties	`ProceedsFromLoansFromRelatedParties`	-	USD	3 Qtrs
Loans from related parties	`ProceedsFromLoansFromRelatedParties`	$2.50K	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	-	USD	3 Qtrs
Proceeds from note payable	`ProceedsFromNotesPayable`	$11.52K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$33.51K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.71K	USD	3 Qtrs
NET CHANGE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	3 Qtrs
NET CHANGE IN CASH & EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	3 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	3 Qtrs
Income tax paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Shares issued as prepaid acquisition costs	`SharesIssuedAsPrepaidAcquisitionCosts`	-	USD	3 Qtrs
Shares issued as prepaid acquisition costs	`SharesIssuedAsPrepaidAcquisitionCosts`	$70.00K	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-47.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-14.73K	USD	Point-in-time
Balance	`StockholdersEquity`	$34.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$-24.68K	USD	Point-in-time
Balance	`StockholdersEquity`	$-66.10K	USD	Point-in-time
Net Loss	`NetIncomeLoss`	$-34.25K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-11.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-9.95K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-43.12K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-10.35K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-21.77K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-59.35K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-15.15K	USD	1 Quarter
Shareholder contribution to paid in capital	`AdjustmentsToAdditionalPaidInCapitalContributionsByShareholders`	$21.70K	USD	1 Quarter
Shares issued for acquisition	`StockIssuedDuringPeriodValueAcquisitions`	$70.00K	USD	1 Quarter
Shares issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$19.60K	USD	1 Quarter
Stock based compensation options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.66K	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`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$-47.59K	USD	Point-in-time
Balance	`StockholdersEquity`	$-14.73K	USD	Point-in-time
Balance	`StockholdersEquity`	$34.67K	USD	Point-in-time
Balance	`StockholdersEquity`	$-47.52K	USD	Point-in-time
Balance	`StockholdersEquity`	$-37.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$-24.68K	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.