INNOCOM TECHNOLOGY HOLDINGS, INC.
CIK:0001076541|SEC Filings
Condensed Consolidated Statement of Operations - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
|
| Details | ||||
| Revenues, net: | $ 0 | $ 0 | $ 0 | $ 0 |
| Cost of revenue | 0 | 0 | 0 | 0 |
| Gross profit | 0 | 0 | 0 | 0 |
| Operating expenses: | ||||
| General and administrative | (17,097) | (29,440) | (51,685) | (106,846) |
| Total operating expenses | (17,097) | (29,440) | (51,685) | (106,846) |
| LOSS BEFORE INCOME TAXES | (17,097) | (29,440) | (51,685) | (106,846) |
| Income tax expense | 0 | 0 | 0 | 0 |
| NET LOSS | (17,097) | (29,440) | (51,685) | (106,846) |
| Other comprehensive income: | ||||
| - Foreign currency translation loss | (19) | (2) | (38) | (1) |
| COMPREHENSIVE LOSS | $ (17,116) | $ (29,442) | $ (51,723) | $ (106,847) |
| Net loss per share - Basic and diluted | $ (0.00) | $ (0.00) | $ (0.00) | $ (0.00) |
Condensed Consolidated Statements of Cash Flows - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (51,685) | $ (106,846) |
| Change in operating assets and liabilities: | ||
| Other payables and accrued liabilities | 50,276 | 62,836 |
| Net cash used in operating activities | (1,409) | (44,010) |
| Cash flows from financing activities: | ||
| Advances from a related party | 27,322 | 43,625 |
| Net cash provided by financing activities | 27,322 | 43,625 |
| Effect of exchange rate changes on cash and cash equivalents | (71) | (1) |
| Net change in cash and cash equivalents | 25,842 | (386) |
| Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 1,643 | 2,206 |
| Cash and Cash Equivalents, at Carrying Value, Ending Balance | 27,485 | 1,820 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | 0 | 0 |
| Cash paid for interest | $ 0 | $ 0 |
Condensed Consolidated Balance Sheets - USD ($) |
Sep. 30, 2017 |
Dec. 31, 2016 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 27,485 | $ 1,643 |
| TOTAL ASSETS | 27,485 | 1,643 |
| Current liabilities: | ||
| Accounts payable | 84,727 | 84,727 |
| Amount due to a related party | 354,272 | 327,003 |
| Other payables and accrued liabilities | 341,513 | 291,217 |
| Total current liabilities | 780,512 | 702,947 |
| Stockholders' deficit: | ||
| Common stock, $0.001 par value; 490,000,000 shares authorized; 220,631,841 and 220,631,841 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectively | 220,632 | 220,632 |
| Additional paid-in capital | 12,200,509 | 12,200,509 |
| Accumulated other comprehensive income | 286,846 | 286,884 |
| Accumulated deficit | (13,461,014) | (13,409,329) |
| Total stockholders' deficit | (753,027) | (701,304) |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ 27,485 | $ 1,643 |