$AIXN
AiXin Life International, Inc.

2015 Form 10-K Financial Statement

#000114420415052877 Filed on August 31, 2015

View on sec.gov

Income Statement

Concept 2015 2014 Q2 2014
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00
YoY Change
Gross Profit $0.00 $0.00
YoY Change
Gross Profit Margin
Selling, General & Admin $27.05K $10.00K $20.00K
YoY Change 35.25% 0.0% 0.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit
Operating Expenses $27.05K $10.00K $20.00K
YoY Change 35.25% 0.0% 0.0%
Operating Profit -$27.05K -$20.00K
YoY Change 35.25%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income -$27.05K -$10.00K -$20.05K
YoY Change 34.89% 0.0% 0.25%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$27.05K -$10.00K -$20.05K
YoY Change 34.89% 0.0% 8.36%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$595.70 -$220.20 -$440.40
COMMON SHARES
Basic Shares Outstanding 45.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 2014 Q2 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change
Cash & Equivalents $1.503K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $0.00 $2.851K $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 $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL ASSETS
Total Short-Term Assets $0.00 $2.851K $0.00
Total Long-Term Assets $0.00 $0.00 $0.00
Total Assets $0.00 $2.851K $0.00
YoY Change 6688.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00 $0.00
YoY Change
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 $80.00K $50.62K $50.00K
YoY Change 60.0% 68.75% 66.67%
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 $80.00K $50.62K $50.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $80.00K $50.62K $50.00K
YoY Change 60.0% 82.32% 66.67%
SHAREHOLDERS EQUITY
Retained Earnings -$206.9K
YoY Change
Common Stock $454.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$70.00K -$47.77K -$50.00K
YoY Change
Total Liabilities & Shareholders Equity $0.00 $2.851K $0.00
YoY Change 6688.1%

Cashflow Statement

Concept 2015 2014 Q2 2014
OPERATING ACTIVITIES
Net Income -$27.05K -$10.00K -$20.05K
YoY Change 34.89% 0.0% 8.36%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$27.90K -$10.00K -$21.54K
YoY Change 29.53% 10.41%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00
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 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 27.50K 10.00K $23.00K
YoY Change 19.57% 24.32%
NET CHANGE
Cash From Operating Activities -27.90K -10.00K -$21.54K
Cash From Investing Activities 0.000 0.000 $0.00
Cash From Financing Activities 27.50K 10.00K $23.00K
Net Change In Cash -400.0 0.000 $1.461K
YoY Change -127.38% -244.8%
FREE CASH FLOW
Cash From Operating Activities -$27.90K -$10.00K -$21.54K
Capital Expenditures $0.00 $0.00
Free Cash Flow -$27.90K -$21.54K
YoY Change 29.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1348 USD
CY2015 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2015Q2 dei Entity Public Float
EntityPublicFloat
0 USD
CY2015 dei Trading Symbol
TradingSymbol
MCAR
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
45411400 shares
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1503 USD
CY2015 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2015 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1099 USD
CY2015Q2 us-gaap Common Stock Value
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454 USD
CY2015 us-gaap Revenues
Revenues
0 USD
CY2014 us-gaap Revenues
Revenues
0 USD
CY2015 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27045 USD
CY2014 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
20049 USD
CY2015 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-27045 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-20049 USD
CY2015 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2014 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2015 us-gaap Interest Paid
InterestPaid
0 USD
CY2015Q2 us-gaap Assets Current
AssetsCurrent
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CY2014Q2 us-gaap Assets Current
AssetsCurrent
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CY2014Q2 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2014Q2 us-gaap Due To Officers Or Stockholders Current
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CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
75917 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
50624 USD
CY2015Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-233994 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
-74818 USD
CY2014 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1348 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2014Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-27724 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-47773 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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-74818 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
-27045 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
-20049 USD
CY2015 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0006
CY2014 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0004
CY2015 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
CY2014 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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45411400 shares
CY2015 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1348 USD
CY2015 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-2207 USD
CY2014 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-142 USD
CY2015 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-27904 USD
CY2014 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-21539 USD
CY2015 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
CY2014 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
0 USD
CY2015 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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27500 USD
CY2014 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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23000 USD
CY2015 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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CY2014 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1461 USD
CY2013Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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42 USD
CY2014 us-gaap Interest Paid
InterestPaid
0 USD
CY2014 us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
CY2015 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: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><u><font style="FONT-SIZE: 10pt">Pervasiveness of Estimates</font></u></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2015Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
40015 USD
CY2014Q2 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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30825 USD
CY2015Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
79064 USD
CY2014Q2 us-gaap Deferred Tax Assets Valuation Allowance
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30825 USD
CY2015Q2 us-gaap Deferred Tax Assets Net
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CY2014Q2 us-gaap Deferred Tax Assets Net
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0 USD
CY2015 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-9190 USD
CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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-3000 USD
CY2015 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-9190 USD
CY2014 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-3000 USD
CY2015Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
232500 USD
CY2015 mcar Operating Loss Carryforwards Expiration Year
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2034
CY2015 mcar Proceeds From Shareholders Advances
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74000 USD
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.00001
CY2014Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.00001
CY2015Q2 us-gaap Common Stock Shares Authorized
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950000000 shares
CY2014Q2 us-gaap Common Stock Shares Authorized
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950000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
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CY2014Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45411400 shares
CY2015Q2 mcar Deferred Tax Assets Change In Prior Period Estimates
DeferredTaxAssetsChangeInPriorPeriodEstimates
39049 USD
CY2014Q2 mcar Deferred Tax Assets Change In Prior Period Estimates
DeferredTaxAssetsChangeInPriorPeriodEstimates
USD
CY2015 us-gaap Other Financial Services Costs
OtherFinancialServicesCosts
12000 USD
us-gaap Net Income Loss
NetIncomeLoss
234000 USD
CY2015 dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1987-12-30
CY2015 dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
State of Colorado

Files In Submission

Name View Source Status
0001144204-15-052877-index-headers.html Edgar Link pending
0001144204-15-052877-index.html Edgar Link pending
0001144204-15-052877.txt Edgar Link pending
0001144204-15-052877-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mcar-20150531.xml Edgar Link completed
mcar-20150531.xsd Edgar Link pending
mcar-20150531_cal.xml Edgar Link unprocessable
mcar-20150531_def.xml Edgar Link unprocessable
mcar-20150531_lab.xml Edgar Link unprocessable
mcar-20150531_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
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v418839_10k.htm Edgar Link pending
v418839_ex31-1.htm Edgar Link pending
v418839_ex31-2.htm Edgar Link pending
v418839_ex32-1.htm Edgar Link pending
v418839_ex32-2.htm Edgar Link pending