10-Q Filing

YA ZHU SILK, INC. CIK: 1448962 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001494733-12-000100`
Period End Date	20120331
Filing Date	20120523
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	yzske-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 32 Cash Flow Statement 46

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
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
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	75.00M	shares	Point-in-time
Cash and cash equivalents	`Cash`	$625.01K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$264.44K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNet`	$178.36K	USD	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
Common Stock, Shares Outstanding	`SharesOutstanding`	10.62M	shares	Point-in-time
Inventories	`InventoriesPropertyHeldForSaleCurrent`	$109.70K	USD	Point-in-time
Inventories	`InventoriesPropertyHeldForSaleCurrent`	$28.90K	USD	Point-in-time
Common Stock, Shares Outstanding	`SharesOutstanding`	10.62M	shares	Point-in-time
Advances to suppliers	`RetainageDeposit`	$242.75K	USD	Point-in-time
Advances to suppliers	`RetainageDeposit`	$591.83K	USD	Point-in-time
Other receivables, net	`ReceivablesNetCurrent`	$52.53K	USD	Point-in-time
Other receivables, net	`ReceivablesNetCurrent`	$55.15K	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.64M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$1.62M	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$57.44K	USD	Point-in-time
Equipment, net	`PropertyPlantAndEquipmentNet`	$65.43K	USD	Point-in-time
Prepayment for acquisition of building	`PrepaymentForAcquisitionOfBuilding`	$476.12K	USD	Point-in-time
Prepayment for acquisition of building	`PrepaymentForAcquisitionOfBuilding`	$474.80K	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`	$536.04K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$542.71K	USD	Point-in-time
Total Assets	`Assets`	$2.16M	USD	Point-in-time
Total Assets	`Assets`	$2.19M	USD	Point-in-time
Accounts payable	`AccountsPayable`	$79.00	USD	Point-in-time
Accounts payable	`AccountsPayable`	$79.00	USD	Point-in-time
Advance from customers	`CustomerAdvancesAndDeposits`	$132.12K	USD	Point-in-time
Advance from customers	`CustomerAdvancesAndDeposits`	$324.68K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$214.17K	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`	$18.92K	USD	Point-in-time
Taxes payable	`TaxesPayable`	$16.80K	USD	Point-in-time
Taxes payable	`TaxesPayable`	$73.54K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$451.91K	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$574.66K	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 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$10.62K	USD	Point-in-time
Common stock ($0.001 par value; 75,000,000 shares authorized; 10,620,000 shares issued and outstanding at March 31, 2012 and December 31, 2011, respectively)	`CommonStockValue`	$10.62K	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.28M	USD	Point-in-time
Additional Paid in Capital	`AdditionalPaidInCapital`	$1.30M	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$106.67K	USD	Point-in-time
Statutory reserve	`StatutoryReserve`	$108.36K	USD	Point-in-time
Retained earnings/(Accumulated loss)	`RetainedEarningsAccumulatedDeficit`	$258.57K	USD	Point-in-time
Retained earnings/(Accumulated loss)	`RetainedEarningsAccumulatedDeficit`	$151.31K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$47.62K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.50K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	`StockholdersEquity`	$1.61M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY/(DEFICIT)	`StockholdersEquity`	$1.71M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.19M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)	`LiabilitiesAndStockholdersEquity`	$2.16M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`Revenues`	$499.18K	USD	1 Quarter
Net Revenues	`Revenues`	$526.47K	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$292.01K	USD	1 Quarter
Cost of Revenues	`CostOfRevenue`	$401.04K	USD	1 Quarter
Gross Profit	`GrossProfit`	$234.46K	USD	1 Quarter
Gross Profit	`GrossProfit`	$98.14K	USD	1 Quarter
Selling	`SellingExpense`	$26.19K	USD	1 Quarter
Selling	`SellingExpense`	$61.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$66.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$141.74K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$203.70K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$92.42K	USD	1 Quarter
Income (Loss) Before Provision for Income Tax	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$142.04K	USD	1 Quarter
Income (Loss) Before Provision for Income Tax	`DiscontinuedOperationProvisionForLossGainOnDisposalBeforeIncomeTax`	$-105.56K	USD	1 Quarter
Provision for Income Taxes	`OtherTaxExpenseBenefit`	-	USD	1 Quarter
Provision for Income Taxes	`OtherTaxExpenseBenefit`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-105.56K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$142.04K	USD	1 Quarter
Net Income (Loss)	`OtherComprehensiveIncomeLossTax`	$142.04K	USD	1 Quarter
Net Income (Loss)	`OtherComprehensiveIncomeLossTax`	$-105.56K	USD	1 Quarter
Unrealized Foreign currency translation gain	`UnrealizedGainOnForeignCurrencyDerivativesBeforeTax`	$2.11K	USD	1 Quarter
Unrealized Foreign currency translation gain	`UnrealizedGainOnForeignCurrencyDerivativesBeforeTax`	$-3.12K	USD	1 Quarter
Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent`	$144.15K	USD	1 Quarter
Comprehensive Income/(Loss)	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent`	$-108.69K	USD	1 Quarter
NET INCOME LOSS PER COMMON SHARE BASIC	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
NET INCOME LOSS PER COMMON SHARE BASIC	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
NET INCOME LOSS PER COMMON SHARE DILUTED	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
NET INCOME LOSS PER COMMON SHARE DILUTED	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	10.62M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING BASIC	`WeightedAverageNumberOfSharesOutstandingBasic`	10.62M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.62M	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING DILUTED	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.46M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`ProfitLoss`	$142.04K	USD	1 Quarter
Net Loss	`ProfitLoss`	$-105.56K	USD	1 Quarter
Depreciation	`Depreciation`	$2.63K	USD	1 Quarter
Depreciation	`Depreciation`	$4.44K	USD	1 Quarter
Accounts receivables	`AccountsReceivableNetCurrent`	$-179.76K	USD	Point-in-time
Accounts receivables	`AccountsReceivableNetCurrent`	$-86.71K	USD	Point-in-time
Inventories	`IncreaseDecreaseInInventories`	$-80.99K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-71.15K	USD	1 Quarter
Other receivables	`OtherReceivablesNetCurrent`	$4.67K	USD	Point-in-time
Other receivables	`OtherReceivablesNetCurrent`	$2.47K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$-208.62K	USD	Point-in-time
Advances to suppliers	`AdvancesOnInventoryPurchases`	$-350.30K	USD	Point-in-time
Accounts payable and other payables	`AccountsPayableOtherCurrent`	$-3.66K	USD	Point-in-time
Accounts payable and other payables	`AccountsPayableOtherCurrent`	$3.83K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$-17.19K	USD	Point-in-time
Taxes payable	`TaxesPayableCurrent`	$-56.62K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$193.23K	USD	Point-in-time
Advances from customers	`CustomerAdvancesCurrent`	$359.21K	USD	Point-in-time
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$35.66K	USD	1 Quarter
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	`NetCashProvidedByUsedInOperatingActivities`	$-483.71K	USD	1 Quarter
Purchase of equipment	`EquipmentExpense`	$-12.60K	USD	1 Quarter
Purchase of equipment	`EquipmentExpense`	$-1.08K	USD	1 Quarter
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-12.60K	USD	1 Quarter
NET CASH PROVIDED BY INVESTING ACTIVITIES	`NetCashProvidedByUsedInInvestingActivities`	$-1.08K	USD	1 Quarter
Additional capital injection	`AdditionalCapitalInjection`	$13.38K	USD	1 Quarter
Additional capital injection	`AdditionalCapitalInjection`	-	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$-8.88K	USD	1 Quarter
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$12.88K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$4.49K	USD	1 Quarter
NET CASH PROVIDED BY FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	$12.88K	USD	1 Quarter
EFFECT OF EXCHANGE RATE ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$17.99K	USD	1 Quarter
EFFECT OF EXCHANGE RATE ON CASH	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-759.00	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$65.44K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-492.58K	USD	1 Quarter
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$625.01K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$105.89K	USD	Point-in-time
CASH, BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$171.33K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$625.01K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.12M	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$105.89K	USD	Point-in-time
CASH, END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$171.33K	USD	Point-in-time
Cash paid for Interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for Interest	`InterestPaid`	-	USD	1 Quarter
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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