TRIMOL GROUP INC
CIK:0001011733|SEC Filings
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
| REVENUES | $ 0 | $ 0 | $ 0 | $ 0 |
| EXPENSES/(OTHER INCOME) | ||||
| Operating expenses | 92,000 | 40,000 | 195,000 | 123,000 |
| Reversal of accrued debt obligations | (182,000) | 0 | (182,000) | 0 |
| TOTAL EXPENSES/(OTHER INCOME) | (90,000) | 40,000 | 13,000 | 123,000 |
| NET (LOSS) INCOME | $ 90,000 | $ (40,000) | $ (13,000) | $ (123,000) |
| Net loss per share (basic and diluted) (in dollars per share) | $ 0.000 | $ (0.000) | $ (0.000) | $ (0.000) |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING (in shares) | 100,472,328 | 100,472,328 | 100,472,328 | 100,472,328 |
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $ (13,000) | $ (123,000) |
| ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH USED IN OPERATING ACTIVITIES: | ||
| Accrued expenses to related parties | 45,000 | 45,000 |
| Reversal of accrued debt obligations | (182,000) | 0 |
| CHANGES IN ASSETS AND LIABILITIES: | ||
| Accrued expenses | 21,000 | 7,000 |
| NET CASH USED IN OPERATING ACTIVITIES | (129,000) | (71,000) |
| CASH FLOW FROM FINANCING ACTIVITIES: | ||
| Proceeds of loans from related party | 136,000 | 62,000 |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | 136,000 | 62,000 |
| INCREASE (DECREASE) IN CASH | 7,000 | (9,000) |
| CASH - BEGINNING OF PERIOD | 10,000 | 12,000 |
| CASH - END OF PERIOD | $ 17,000 | $ 3,000 |
CONSOLIDATED BALANCE SHEET - USD ($) |
Sep. 30, 2015 |
Dec. 31, 2014 |
|---|---|---|
| Current assets: | ||
| Cash | $ 17,000 | $ 10,000 |
| TOTAL CURRENT ASSETS | 17,000 | 10,000 |
| TOTAL ASSETS | 17,000 | 10,000 |
| Current liabilities: | ||
| Related parties | 6,746,000 | 6,565,000 |
| Accrued expenses | 695,000 | 856,000 |
| TOTAL CURRENT LIABILITIES | $ 7,441,000 | $ 7,421,000 |
| SHAREHOLDERS’ DEFICIENCY: | ||
| Preferred Stock: $1.00 par value, 10,000 shares authorized, no shares issued and outstanding | ||
| Common Stock: $0.01 par value, 130,000,000 shares authorized, 100,472,328 shares issued and outstanding at September 30, 2015 and December 31, 2014 | $ 1,005,000 | $ 1,005,000 |
| Additional paid-in capital | 5,739,000 | 5,739,000 |
| Accumulated deficit | (14,168,000) | (14,155,000) |
| TOTAL SHAREHOLDERS' DEFICIENCY | (7,424,000) | (7,411,000) |
| TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIENCY | $ 17,000 | $ 10,000 |