SGB International Holdings Inc.
CIK:0001408956|SEC Filings
Consolidated Statements of Operations and Comprehensive Loss - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2015 |
Sep. 30, 2014 |
Sep. 30, 2015 |
Sep. 30, 2014 |
|
| Statement of Operations [Abstract] | ||||
| Revenue | ||||
| Cost of revenue | ||||
| Gross profit | ||||
| Selling expenses | ||||
| Depreciation & Amortization | $ (11,728) | $ (3,855) | $ (35,184) | $ (7,710) |
| General and administrative | (55,955) | (112,017) | (121,937) | |
| Total operating expenses | (67,683) | $ (3,855) | (147,201) | (129,647) |
| Net loss from operations | (67,683) | (3,855) | (147,201) | (129,647) |
| Other items: | ||||
| Interest expense | $ (1,482) | $ (1,729) | (4,525) | (5,187) |
| Exchange gain | 8,676 | 5,295 | ||
| Total other items | $ (1,482) | $ (1,729) | 4,151 | 108 |
| Income(loss) before tax | $ (69,165) | $ (5,584) | $ (143,050) | $ (129,539) |
| Income tax expense | ||||
| Net loss for the period | $ (69,165) | $ (5,584) | $ (143,050) | $ (129,539) |
| Foreign currency translation adjustment | 11,807 | 7,486 | 27,866 | 8,427 |
| Comprehensive income(loss) | $ (57,358) | $ 1,902 | $ (115,184) | $ (121,112) |
| Earnings Per Share (cents) - Basic and diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Weighted Average Shares Outstanding - Basic and diluted | 373,793,578 | 373,793,578 | 373,793,578 | 373,793,578 |
Consolidated Balance Sheets - USD ($) |
Sep. 30, 2015 |
Dec. 31, 2014 |
|---|---|---|
| Current Assets | ||
| Cash and cash equivalents | $ 1,479 | $ 1,646 |
| Receivables | 324,141 | 328,914 |
| Total Current Assets | 325,620 | 330,560 |
| Non-current Assets | ||
| Property, plant and equipment | 195,561 | 230,746 |
| Total Non-current Assets | 195,561 | 230,746 |
| Total Assets | 521,181 | 561,306 |
| Current Liabilities | ||
| Account payable and accrued liabilities | 335,169 | 395,667 |
| Amounts due to related parties | 465,486 | 328,411 |
| Income tax payable | 20,000 | 20,000 |
| Loan payable - current | 56,664 | 58,183 |
| Total Current Liabilities and total liabilities | 877,319 | 802,261 |
| Stockholders' Deficiency | ||
| Common stock | 9,138,544 | 9,138,544 |
| Contributed surplus | 100,000 | 100,000 |
| Additional paid-in capital | 100,000 | 100,000 |
| Accumulated deficit | (9,706,963) | (9,563,913) |
| Accumulated other comprehensive income | 12,281 | (15,586) |
| Total Stockholders' Deficiency | (356,138) | (240,955) |
| Total Liabilities and Stockholders' Deficiency | $ 521,181 | $ 561,306 |