$AIXN
AiXin Life International, Inc.

2015 Q2 Form 10-Q Financial Statement

#000114420415022612 Filed on April 14, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q2
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $20.00K $0.00 $10.00K
YoY Change 100.0% 0.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $20.00K $0.00 $10.00K
YoY Change 100.0% 0.0%
Operating Profit -$1.977K
YoY Change -6.83%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$20.00K $0.00 -$10.00K
YoY Change 100.0% 0.0%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$20.00K -$1.977K -$10.00K
YoY Change 100.0% -6.83% 0.0%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$440.40 $0.00 -$220.20
COMMON SHARES
Basic Shares Outstanding 45.41M shares 45.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change
Cash & Equivalents $1.099K $3.911K $1.503K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses $0.00
Receivables
Other Receivables
Total Short-Term Assets $1.099K $0.00 $2.851K
YoY Change -61.45%
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 -$1.099K $3.911K $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $1.099K $0.00 $2.851K
Total Long-Term Assets -$1.099K $3.911K $0.00
Total Assets $0.00 $3.911K $2.851K
YoY Change -100.0% 6688.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00 $0.00
YoY Change -100.0%
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 $75.92K $60.00K $50.62K
YoY Change 49.96% 50.0% 68.75%
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 $75.92K $60.00K $50.62K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $80.00K $62.47K $50.62K
YoY Change 58.03% 56.17% 82.32%
SHAREHOLDERS EQUITY
Retained Earnings -$234.0K -$217.7K -$206.9K
YoY Change 13.07%
Common Stock $454.00 $454.00 $454.00
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$74.82K -$58.56K -$47.77K
YoY Change
Total Liabilities & Shareholders Equity $1.099K $3.911K $2.851K
YoY Change -61.45% 6688.1%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q2
OPERATING ACTIVITIES
Net Income -$20.00K -$1.977K -$10.00K
YoY Change 100.0% -6.83% 0.0%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$20.00K -$10.00K -$10.00K
YoY Change 100.0%
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%
NET CHANGE
Cash From Operating Activities -20.00K -10.00K -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 -10.00K 0.000 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$20.00K -$10.00K -$10.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1348 USD
CY2014Q2 us-gaap Common Stock Value
CommonStockValue
454 USD
CY2014Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4124 USD
CY2014Q2 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
46500 USD
CY2015Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-217731 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
-58555 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3911 USD
us-gaap Use Of Estimates
UseOfEstimates
<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>
us-gaap Net Income Loss
NetIncomeLoss
217731 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3911 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1503 USD
CY2015Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
0 USD
CY2015Q1 us-gaap Assets
Assets
3911 USD
CY2014Q2 us-gaap Assets
Assets
2851 USD
CY2015Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
466 USD
CY2015Q1 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
62000 USD
CY2015Q1 us-gaap Liabilities
Liabilities
62466 USD
CY2014Q2 us-gaap Liabilities
Liabilities
50624 USD
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
454 USD
CY2014Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-206949 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
-47773 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2851 USD
CY2008Q2 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
3.5 to 1
CY2004Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
900 to 1
CY2008Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5729 shares
CY2001Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
64524 shares
CY2001Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
240945 shares
CY2001Q4 mcar Cash Consideration For Shares Authorized
CashConsiderationForSharesAuthorized
7590 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
62000 USD
CY2015Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2015Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2015Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45411400 shares
CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45411400 shares
us-gaap Revenues
Revenues
0 USD
us-gaap Revenues
Revenues
0 USD
CY2014Q1 us-gaap Revenues
Revenues
0 USD
CY2015Q1 us-gaap Revenues
Revenues
0 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14592 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10782 USD
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2122 USD
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1977 USD
us-gaap Net Income Loss
NetIncomeLoss
-14592 USD
us-gaap Net Income Loss
NetIncomeLoss
-10782 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
-2122 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-1977 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0003
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0002
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0000
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1348 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4800 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3658 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
0 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-9792 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-13092 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
10500 USD
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
15500 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
10500 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
15500 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
708 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2408 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
42 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
750 USD
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 Operating Income Loss
OperatingIncomeLoss
-14592 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-10782 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-2122 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
-1977 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2015-02-28
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
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
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45411400 shares

Files In Submission

Name View Source Status
0001144204-15-022612-index-headers.html Edgar Link pending
0001144204-15-022612-index.html Edgar Link pending
0001144204-15-022612.txt Edgar Link pending
0001144204-15-022612-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mcar-20150228.xml Edgar Link completed
mcar-20150228.xsd Edgar Link pending
mcar-20150228_cal.xml Edgar Link unprocessable
mcar-20150228_def.xml Edgar Link unprocessable
mcar-20150228_lab.xml Edgar Link unprocessable
mcar-20150228_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R2.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v406947_10q.htm Edgar Link pending
v406947_ex31-1.htm Edgar Link pending
v406947_ex31-2.htm Edgar Link pending
v406947_ex32-1.htm Edgar Link pending
v406947_ex32-2.htm Edgar Link pending