China Networks International Holdings Ltd

CIK:0001443979|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
OPERATING EXPENSES
General and administrative expense	$ 52,661	$ 52,579	$ 59,322
Total operating expenses	52,661	52,579	59,322
LOSS FROM OPERATIONS	(52,661)	(52,579)	(59,322)
OTHER INCOME
Interest income	42	167	275
Total other income	42	167	275
INCOME TAX
NET LOSS	(52,619)	(52,412)	(59,047)
Less: Net loss attributable to the non-controlling interest
NET LOSS ATTRIBUTABLE TO CHINA NETWORKS INTERNATIONAL HOLDINGS, LTD.	(52,619)	(52,412)	(59,047)
Dividend on preferred stock	(234,476)	(234,475)	(234,475)
NET LOSS ATTRIBUTABLE TO CHINA NETWORKS INTERNATIONAL HOLDINGS, LTD. COMMON STOCKHOLDERS	(287,095)	(286,887)	(293,522)
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment	57,103	(69,144)	76,067
COMPREHENSIVE LOSS ALLOCATED TO CHINA NETWORKS INTERNATIONAL HOLDINGS, LTD.	$ (229,992)	$ (356,031)	$ (217,455)
NET LOSS PER SHARE ATTRIBUTABLE TO CHINA NETWORKS INTERNATIONAL HOLDINGS, LTD.
Per common stock - Basic and Diluted	$ (0.003)	$ (0.004)	$ (0.003)
Weighted average shares outstanding	83,173,778	83,173,778	83,173,778

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (52,619)	$ (52,412)	$ (59,047)
Changes in assets and liabilities
Accrued liabilities
Net cash used in operating activities	(52,619)	(52,412)	(59,047)
NET DECREASE IN CASH	(52,619)	(52,412)	(59,047)
EXCHANGE RATE EFFECT ON CASH	(27)	57	(586)
CASH - BEGINNING OF PERIOD	71,109	123,464	183,097
CASH - END OF PERIOD	$ 18,463	$ 71,109	$ 123,464

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash	$ 18,463	$ 71,109
TOTAL ASSETS	18,463	71,109
CURRENT LIABILITIES
Dividend payable	1,872,939	1,638,463
Accrued liabilities	15,866	15,910
Due to related parties	59,750	59,750
Payable to TV station	1,143,240	1,200,326
Total current liabilities	3,091,795	2,914,449
TOTAL LIABILITIES	3,091,795	2,914,449
China Networks International Holdings, Ltd. equity:
Class A Preferred Shares at $0.0005 par value; (50,000,000 shares authorized, 4,689,503 shares issued and outstanding at December 31, 2018 and 2017; liquidation preference of $4,689,503)	2,345	2,345
Common stock at $0.0001 par value; (500,000,000 shares authorized, 83,158,778 shares issued and outstanding at December 31, 2018 and 2017)	8,318	8,318
Additional paid-in capital	26,124,907	26,124,907
Accumulated deficit	(31,365,405)	(31,078,310)
Accumulated other comprehensive income	1,076,940	1,019,837
Total Stockholders' deficit of the Company	(4,152,895)	(3,922,903)
Non-controlling interest	1,079,563	1,079,563
Total stockholders' deficit	(3,073,332)	(2,843,340)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 18,463	$ 71,109