10-K Filing

YA ZHU SILK, INC. CIK: 1448962 FY 2011

Filing Information

Form Type	10-K
Accession Number	`0001494733-12-000064`
Period End Date	20111231
Filing Date	20120416
Fiscal Year	2011
Fiscal Period	FY
XBRL Instance	yzske-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 36 Cash Flow Statement 46 Stockholders Equity 25

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`Cash`	$105.89K	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`Cash`	$1.12M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$96.64K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$178.36K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.62M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	10.62M	shares	Point-in-time
Inventories	`InventoriesPropertyHeldForSaleCurrent`	$25.44K	USD	Point-in-time
Inventories	`InventoriesPropertyHeldForSaleCurrent`	$28.90K	USD	Point-in-time
Common Stock, Shares Outstanding	`SharesOutstanding`	10.44M	shares	Point-in-time
Advances to suppliers	`RetainageDeposit`	$242.75K	USD	Point-in-time
Common Stock, Shares Outstanding	`SharesOutstanding`	10.44M	shares	Point-in-time
Advances to suppliers	`RetainageDeposit`	$53.36K	USD	Point-in-time
Other receivables, net	`ReceivablesNetCurrent`	$55.15K	USD	Point-in-time
Other receivables, net	`ReceivablesNetCurrent`	$28.64K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$309.97K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.62M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$46.74K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$57.44K	USD	Point-in-time
Prepayment for acquisition of building	`PrepaymentForAcquisitionOfBuilding`	$476.12K	USD	Point-in-time
Prepayment for acquisition of building	`PrepaymentForAcquisitionOfBuilding`	-	USD	Point-in-time
Trademark	`IndefiniteLivedTrademarks`	$2.48K	USD	Point-in-time
Trademark	`IndefiniteLivedTrademarks`	$2.48K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$49.22K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$536.04K	USD	Point-in-time
Total Assets	`Assets`	$359.19K	USD	Point-in-time
Total Assets	`Assets`	$2.16M	USD	Point-in-time
Accounts payable	`AccountsPayable`	$79.00	USD	Point-in-time
Accounts payable	`AccountsPayable`	-	USD	Point-in-time
Advance from customers	`CustomerAdvancesAndDeposits`	$69.94K	USD	Point-in-time
Advance from customers	`CustomerAdvancesAndDeposits`	$132.12K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$109.93K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$223.55K	USD	Point-in-time
Other payables	`OtherNotesPayable`	$22.62K	USD	Point-in-time
Other payables	`OtherNotesPayable`	$15.18K	USD	Point-in-time
Taxes payable	`TaxesPayable`	$73.54K	USD	Point-in-time
Taxes payable	`TaxesPayable`	$27.78K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$451.91K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$222.83K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($0.001 par value; 75,000,000 shares authorized; 10,620,000 and 10,440,000 shares issued and outstanding at December 31, 2011 and 2010, respectively)	`CommonStockValue`	$10.44K	USD	Point-in-time
Common stock ($0.001 par value; 75,000,000 shares authorized; 10,620,000 and 10,440,000 shares issued and outstanding at December 31, 2011 and 2010, respectively)	`CommonStockValue`	$10.62K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$360.76K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.28M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$9.75K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$106.67K	USD	Point-in-time
Retained earnings/(Accumulated loss)	`RetainedEarningsAccumulatedDeficit`	$258.57K	USD	Point-in-time
Retained earnings/(Accumulated loss)	`RetainedEarningsAccumulatedDeficit`	$-263.63K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$19.04K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$47.62K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	`StockholdersEquity`	$136.36K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	`StockholdersEquity`	$1.71M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	`StockholdersEquity`	$73.71K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$359.19K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`Revenues`	$3.24M	USD	Annual
Net Revenues	`Revenues`	$1.19M	USD	Annual
Cost of Revenues	`CostOfRevenue`	$666.95K	USD	Annual
Cost of Revenues	`CostOfRevenue`	$1.97M	USD	Annual
Gross Profit	`GrossProfit`	$1.27M	USD	Annual
Gross Profit	`GrossProfit`	$524.20K	USD	Annual
Selling	`SellingExpense`	$228.63K	USD	Annual
Selling	`SellingExpense`	$101.82K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$567.63K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$645.22K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$796.26K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$747.04K	USD	Annual
Income (loss) from Operations	`IncomeLossFromContinuingOperations`	$-222.84K	USD	Annual
Income (loss) from Operations	`IncomeLossFromContinuingOperations`	$474.69K	USD	Annual
Other Income	`OtherIncome`	$43.10K	USD	Annual
Other Income	`OtherIncome`	$144.43K	USD	Annual
Income (Loss) Before Provision for Income Tax	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$619.12K	USD	Annual
Income (Loss) Before Provision for Income Tax	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$-179.74K	USD	Annual
Provision for Income Taxes	`OtherTaxExpenseBenefit`	-	USD	Annual
Provision for Income Taxes	`OtherTaxExpenseBenefit`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-179.74K	USD	Annual
Net Loss	`NetIncomeLoss`	$619.12K	USD	Annual
Net Income (Loss)	`OtherComprehensiveIncomeLossTax`	$-179.74K	USD	Annual
Net Income (Loss)	`OtherComprehensiveIncomeLossTax`	$619.12K	USD	Annual
Unrealized Foreign currency translation gain	`UnrealizedGainOnForeignCurrencyDerivativesBeforeTax`	$28.58K	USD	Annual
Unrealized Foreign currency translation gain	`UnrealizedGainOnForeignCurrencyDerivativesBeforeTax`	$6.50K	USD	Annual
Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent`	$647.70K	USD	Annual
Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent`	$-173.23K	USD	Annual
NET INCOME LOSS PER COMMON SHARE BASIC	`EarningsPerShareBasic`	$0.06	USD	Annual
NET INCOME LOSS PER COMMON SHARE BASIC	`EarningsPerShareBasic`	$-0.02	USD	Annual
NET INCOME LOSS PER COMMON SHARE DILUTED	`EarningsPerShareDiluted`	$-0.02	USD	Annual
NET INCOME LOSS PER COMMON SHARE DILUTED	`EarningsPerShareDiluted`	$0.06	USD	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	10.44M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	10.59M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.59M	shares	Annual
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.44M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$619.12K	USD	Annual
Net Loss	`ProfitLoss`	$-179.74K	USD	Annual
Depreciation	`Depreciation`	$11.07K	USD	Annual
Depreciation	`Depreciation`	$14.15K	USD	Annual
Accounts receivables	`AccountsReceivableNetCurrent`	$-94.58K	USD	Point-in-time
Accounts receivables	`AccountsReceivableNetCurrent`	$-75.10K	USD	Point-in-time
Inventories	`IncreaseDecreaseInInventories`	$76.37K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$-2.26K	USD	Annual
Other receivables	`OtherReceivablesNetCurrent`	$-20.92K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$-24.49K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$-182.55K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$41.23K	USD	Point-in-time
Accounts payable and other payables	`AccountsPayableOtherCurrent`	$7.17K	USD	Point-in-time
Accounts payable and other payables	`AccountsPayableOtherCurrent`	$-40.37K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$43.36K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$1.24K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$-126.75K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$57.31K	USD	Point-in-time
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$456.73K	USD	Annual
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-332.46K	USD	Annual
Prepayment for acquisition of building	`PrepaymentForAcquisitionOfBuilding1`	-	USD	Annual
Prepayment for acquisition of building	`PrepaymentForAcquisitionOfBuilding1`	$-465.62K	USD	Annual
Purchase of equipment	`EquipmentExpense`	$-22.28K	USD	Annual
Purchase of equipment	`EquipmentExpense`	$-17.15K	USD	Annual
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-17.15K	USD	Annual
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-487.90K	USD	Annual
Additional capital injection	`AdditionalCapitalInjection`	$922.83K	USD	Annual
Additional capital injection	`AdditionalCapitalInjection`	$234.38K	USD	Annual
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$98.16K	USD	Annual
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$107.15K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$332.54K	USD	Annual
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$1.03M	USD	Annual
EFFECT OF EXCHANGE RATE ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.34K	USD	Annual
EFFECT OF EXCHANGE RATE ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$12.90K	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.01M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.72K	USD	Annual
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$117.61K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$105.89K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$117.61K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$105.89K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	-	USD	Annual
Cash paid for Interest	`InterestPaid`	-	USD	Annual
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance, values	`StockholdersEquity`	$136.36K	USD	Point-in-time
Balance, values	`StockholdersEquity`	$1.71M	USD	Point-in-time
Balance, values	`StockholdersEquity`	$73.71K	USD	Point-in-time
Profit appropriation to statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	-	USD	Point-in-time
Profit appropriation to statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	-	USD	Point-in-time
Stockholders' loan forgiven	`StockholdersLoanForgiven`	$1.50K	USD	Annual
Additional capital injection	`AdditionalCapitalInjection1`	$234.38K	USD	Annual
Additional capital injection	`AdditionalCapitalInjection1`	$913.83K	USD	Annual
Net Loss	`ProfitLoss`	$619.12K	USD	Annual
Net Loss	`ProfitLoss`	$-179.74K	USD	Annual
Profit appropriation to statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	-	USD	Point-in-time
Profit appropriation to statutory reserve	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	-	USD	Point-in-time
Foreign currency translation adjustment	`GoodwillTranslationAdjustments`	$28.58K	USD	Annual
Foreign currency translation adjustment	`GoodwillTranslationAdjustments`	$6.50K	USD	Annual
Balance, values	`StockholdersEquity`	$136.36K	USD	Point-in-time
Balance, values	`StockholdersEquity`	$1.71M	USD	Point-in-time
Balance, values	`StockholdersEquity`	$73.71K	USD	Point-in-time
Balance shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Balance shares	`CommonStockSharesOutstanding`	-	shares	Point-in-time
Stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$9.00K	USD	Annual
Stock issued for cash, shares	`StockIssuedDuringPeriodSharesNewIssues`	-	shares	Annual

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