IGS Capital Group Ltd

CIK:0001288195|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenue	$ 100,663	$ 0
Cost of sales	84,339	0
Gross profit	16,324	0
Operating Expenses
Written off of goodwill	78,959	0
General and administrative expenses	212,601	85,643
Total operating expenses	291,560	85,643
Operating Loss	(275,236)	(85,643)
Other income	115,739	1,230
Income taxes	(2,850)	0
Net loss	$ (162,347)	$ (84,413)
Loss per share:
Basic loss per share	$ (0.07)	$ (0.00)
Basic weighted average shares outstanding	2,344,917	855,666
Diluted loss per share	$ (0.07)	$ (0.00)
Diluted weighted average shares outstanding	2,344,917	855,923

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities
Net loss	$ (162,347)	$ (84,413)
Adjustments to reconcile net income to net cash flows provided by operating activities:
Written off of goodwill	78,959	0
Written off of share option reserves	(89,015)	0
Depreciation	2,877	0
Change in current assets and liabilities
Decrease in inventories	2,756	0
Decrease in other receivables	11,092	0
Increase in amounts due from related parties	(578,354)	0
Increase in account payables	12,111	0
Increase (decrease) in accrued expenses and other payables	223,357	(55,271)
Net cash flows used in operating activities	(498,564)	(139,684)
Cash Flows from Investing Activities
Purchase of property, plant and equipment	(9,631)	0
Increase in deposit for potential investment	(348,718)	0
Acquisition of a subsidiary, net of cash acquired	20,834	0
Net cash flows used in investing activities	(337,515)	0
Cash Flows from Financing Activities
Issuance of shares	522,998	203,221
Proceeds from stocks subscription	326,354	0
Advance from related parties	426,995	0
Repayment to related parties	(111,849)	(63,537)
Net cash flows provided by financing activities	1,164,498	139,684
Effect of exchange rate change on cash and cash equivalents	0	0
Net Increase in Cash & Cash Equivalents	328,419	0
Cash & Cash Equivalents at beginning of year	0	0
Cash & Cash Equivalents at end of year	$ 328,419	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Non-Current Assets
Property, plant and equipment	$ 44,882	$ 0
Total Non-Current Assets	44,882	0
Current Assets
Cash and cash equivalents	328,419	0
Due from related parties	115,721	0
Inventories	26,015	0
Other receivables	4,348	0
Deposit for potential investment	348,718	0
Total Current Assets	823,221	0
Total Assets	868,103	0
LIABILITY
Due to related parties	127,645	100,137
Accounts payables	19,248	0
Accrued expenses and other payables	222,480	1,973
Deferred tax liability	2,850	0
Total Liabilities	372,223	102,110
Commitments and contingencies
Stockholders' equity (deficits)
Share capital authorized: 500,000,000 common shares, par value $0.001 per share Issued and outstanding: 3,583,175 shares as of December 31, 2017 (December 31, 2016: 1,050,913 shares)	3,583	1,051
Common stock to be subscribed	326,354	0
Additional paid-in capital	1,547,576	1,027,110
Share option reserves	0	89,015
Accumulated losses	(1,381,633)	(1,219,286)
Total Stockholders' equity (deficits)	495,880	(102,110)
Total liabilities & stockholders' equity	$ 868,103	$ 0