$AIXN
AiXin Life International, Inc.

2015 Q1 Form 10-Q Financial Statement

#000114420415001785 Filed on January 12, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q4 2013 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $0.00 $10.00K $10.00K
YoY Change 0.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $0.00 $10.00K $10.00K
YoY Change 0.0%
Operating Profit -$1.977K
YoY Change -6.83%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $0.00 -$10.00K -$10.00K
YoY Change 0.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.977K -$8.098K -$6.083K
YoY Change -6.83% 33.13%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 -$220.20 -$220.20
COMMON SHARES
Basic Shares Outstanding 45.41M shares 45.41M shares 45.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q4 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change
Cash & Equivalents $3.911K $4.512K $2.773K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $10.00K $0.00
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $3.911K -$4.140K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $0.00 $10.00K $0.00
Total Long-Term Assets $3.911K -$4.140K $0.00
Total Assets $3.911K $5.860K $0.00
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $10.00K $10.00K
YoY Change -100.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $60.00K $60.00K $40.00K
YoY Change 50.0% 50.0% 100.0%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $60.00K $60.00K $40.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $62.47K $62.44K $40.00K
YoY Change 56.17% 56.1% 100.0%
SHAREHOLDERS EQUITY
Retained Earnings -$217.7K
YoY Change
Common Stock $454.00 $454.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$58.56K -$56.58K -$40.00K
YoY Change
Total Liabilities & Shareholders Equity $3.911K $5.860K $0.00
YoY Change

Cashflow Statement

Concept 2015 Q1 2014 Q4 2013 Q4
OPERATING ACTIVITIES
Net Income -$1.977K -$8.098K -$6.083K
YoY Change -6.83% 33.13%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$10.00K $0.00 -$10.00K
YoY Change -100.0% 0.0%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00 $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K 10.00K 10.00K
YoY Change 0.0% 0.0%
NET CHANGE
Cash From Operating Activities -10.00K 0.000 -10.00K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 10.00K 10.00K 10.00K
Net Change In Cash 0.000 10.00K 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$10.00K $0.00 -$10.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
454 USD
us-gaap Interest Expense
InterestExpense
1470 USD
us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <u>Pervasiveness of Estimates</u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> The preparation of financial statements in conformity with generally accepted accounting principles required management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q4 us-gaap Cash
Cash
4512 USD
CY2013Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
27825 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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CY2013Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2014Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
30825 USD
CY2013Q2 us-gaap Deferred Tax Assets Net
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0 USD
CY2014Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 USD
CY2014Q2 us-gaap Cash
Cash
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CY2014Q4 us-gaap Prepaid Expense Current And Noncurrent
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CY2014Q2 us-gaap Prepaid Expense Current And Noncurrent
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us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-3000 USD
CY2013 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-2775 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q2 us-gaap Operating Loss Carryforwards
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CY2014 mcar Operating Loss Carryforwards Expiration Year
OperatingLossCarryforwardsExpirationYear
2034
CY2008Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
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CY2008Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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CY2001Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
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CY2001Q4 mcar Cash Consideration For Shares Authorized
CashConsiderationForSharesAuthorized
7590 USD
CY2014 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
0 USD
CY2013Q4 us-gaap Revenues
Revenues
0 USD
CY2014Q4 us-gaap Revenues
Revenues
0 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12470 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8805 USD
CY2013Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6083 USD
CY2014Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8098 USD
CY2007Q1 mcar Stock Issued During Period Shares For Notes Payable
StockIssuedDuringPeriodSharesForNotesPayable
571428 shares
CY2009Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
43822001 shares
CY2008Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
5729 shares
mcar Proceeds From Shareholders Advances
ProceedsFromShareholdersAdvances
52000 USD
CY2014Q2 us-gaap Assets
Assets
2851 USD
CY2014Q4 us-gaap Assets
Assets
5860 USD
CY2014Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4124 USD
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
10438 USD
CY2014Q2 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
46500 USD
CY2014Q4 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
52000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
50624 USD
CY2014Q4 us-gaap Liabilities
Liabilities
62438 USD
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
454 USD
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2014Q2 us-gaap Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
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CY2014Q4 us-gaap Development Stage Enterprise Deficit Accumulated During Development Stage
DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage
215754 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2775 USD
us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Interest Expense
InterestExpense
0 USD
CY2013Q4 us-gaap Interest Expense
InterestExpense
0 USD
CY2014Q4 us-gaap Interest Expense
InterestExpense
0 USD
us-gaap Net Income Loss
NetIncomeLoss
-215754 USD
us-gaap Net Income Loss
NetIncomeLoss
-12470 USD
us-gaap Net Income Loss
NetIncomeLoss
-8805 USD
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
-6083 USD
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
-8098 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0002
CY2013Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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CY2014Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45411400 shares
CY2014Q4 us-gaap Common Stock Shares Issued
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us-gaap Revenues
Revenues
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2014Q2 us-gaap Common Stock Shares Authorized
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CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
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CY2004Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
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CY2001Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
64524 shares
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
214284 USD
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45411400 shares
CY2014Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45411400 shares
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4701 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1470 USD
us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 USD
us-gaap Increase Decrease In Prepaid Expense
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0 USD
us-gaap Net Cash Provided By Used In Operating Activities
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-224160 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7769 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2491 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
0 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
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us-gaap Repayments Of Related Party Debt
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us-gaap Repayments Of Related Party Debt
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
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us-gaap Proceeds From Notes Payable
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us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
68822 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Contributed Capital
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us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
us-gaap Proceeds From Contributed Capital
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0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
228562 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10500 USD
us-gaap Net Cash Provided By Used In Financing Activities
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5500 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
3009 USD
CY2004Q1 us-gaap Cash And Cash Equivalents At Carrying Value
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110 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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42 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1503 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4512 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Interest Paid
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us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
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dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2014-11-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
MERCARI COMMUNICATIONS GROUP LTD
dei Entity Central Index Key
EntityCentralIndexKey
0000835662
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--05-31
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Trading Symbol
TradingSymbol
MCAR
CY2015Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45411400 shares

Files In Submission

Name View Source Status
0001144204-15-001785-index-headers.html Edgar Link pending
0001144204-15-001785-index.html Edgar Link pending
0001144204-15-001785.txt Edgar Link pending
0001144204-15-001785-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mcar-20141130.xml Edgar Link completed
mcar-20141130.xsd Edgar Link pending
mcar-20141130_cal.xml Edgar Link unprocessable
mcar-20141130_def.xml Edgar Link unprocessable
mcar-20141130_lab.xml Edgar Link unprocessable
mcar-20141130_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
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v398512_10q.htm Edgar Link pending
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