$AIXN
AiXin Life International, Inc.

2016 Q1 Form 10-Q Financial Statement

#000114420416094321 Filed on April 14, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q2 2015 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.00K $20.00K $0.00
YoY Change 100.0%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $10.00K $20.00K $0.00
YoY Change 100.0%
Operating Profit -$1.977K
YoY Change -6.83%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$10.00K -$20.00K $0.00
YoY Change 100.0%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$9.420K -$20.00K -$1.977K
YoY Change 376.48% 100.0% -6.83%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$220.20 -$440.40 $0.00
COMMON SHARES
Basic Shares Outstanding 45.41M shares 45.41M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2016 Q1 2015 Q2 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00 $0.00
YoY Change
Cash & Equivalents $1.099K $3.911K
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses $0.00
Receivables
Other Receivables
Total Short-Term Assets $3.408K $1.099K $0.00
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 -$3.408K -$1.099K $3.911K
YoY Change -187.14%
TOTAL ASSETS
Total Short-Term Assets $3.408K $1.099K $0.00
Total Long-Term Assets -$3.408K -$1.099K $3.911K
Total Assets $0.00 $0.00 $3.911K
YoY Change -100.0% -100.0%
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 $118.7K $75.92K $60.00K
YoY Change 97.86% 49.96% 50.0%
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 $118.7K $75.92K $60.00K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $120.0K $80.00K $62.47K
YoY Change 92.1% 58.03% 56.17%
SHAREHOLDERS EQUITY
Retained Earnings -$274.5K -$234.0K -$217.7K
YoY Change 26.06% 13.07%
Common Stock $454.00 $454.00
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$115.3K -$74.82K -$58.56K
YoY Change
Total Liabilities & Shareholders Equity $3.408K $1.099K $3.911K
YoY Change -12.86% -61.45%

Cashflow Statement

Concept 2016 Q1 2015 Q2 2015 Q1
OPERATING ACTIVITIES
Net Income -$9.420K -$20.00K -$1.977K
YoY Change 376.48% 100.0% -6.83%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$10.00K -$20.00K -$10.00K
YoY Change 0.0% 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% 0.0%
NET CHANGE
Cash From Operating Activities -10.00K -20.00K -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 0.000 -10.00K 0.000
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$10.00K -$20.00K -$10.00K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0009
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0002
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
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
454 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
0 USD
CY2016Q1 us-gaap Revenues
Revenues
0 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2809 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
1348 USD
CY2015Q1 us-gaap Revenues
Revenues
0 USD
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1977 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-9420 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-37678 USD
us-gaap Net Income Loss
NetIncomeLoss
-10782 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
-1977 USD
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0002
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.0000
CY2016Q1 us-gaap Assets Current
AssetsCurrent
3408 USD
CY2015Q2 us-gaap Assets Current
AssetsCurrent
1099 USD
CY2016Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4726 USD
CY2015Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1917 USD
CY2016Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
CY2016Q1 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
113987 USD
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
45411400 shares
CY2015Q2 us-gaap Due To Officers Or Stockholders Current
DueToOfficersOrStockholdersCurrent
74000 USD
us-gaap Revenues
Revenues
0 USD
CY2016Q1 us-gaap Liabilities Current
LiabilitiesCurrent
118713 USD
us-gaap Revenues
Revenues
0 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
40487 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10782 USD
us-gaap Net Income Loss
NetIncomeLoss
-40487 USD
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
75917 USD
CY2016Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2015Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
158722 USD
CY2016Q1 us-gaap Stockholders Equity
StockholdersEquity
-115305 USD
CY2015Q2 us-gaap Stockholders Equity
StockholdersEquity
-74818 USD
CY2016Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3408 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1099 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
39987 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
39987 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
2309 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
2408 USD
CY2014Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1503 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3911 USD
us-gaap Interest Paid
InterestPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
3658 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
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
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
CY2007Q1 mcar Stock Issued During Period Shares For Notes Payable
StockIssuedDuringPeriodSharesForNotesPayable
571428 shares
CY2008Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
5729 shares
CY2009Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
43822001 shares
CY2008Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5729 shares
mcar Proceeds From Shareholders Advances
ProceedsFromShareholdersAdvances
113987 USD
us-gaap Net Income Loss
NetIncomeLoss
274481 USD
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
CY2016Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-233994 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-274481 USD
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
950000000 shares
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45411400 shares
CY2016Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45411400 shares
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"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <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"> <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"> <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>
CY2016Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2004Q3 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
900 to 1
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
1987-12-30
dei Entity Incorporation State Country Name
EntityIncorporationStateCountryName
State of Colorado
us-gaap Other Financial Services Costs
OtherFinancialServicesCosts
12000 USD
us-gaap Financial Services Costs
FinancialServicesCosts
21000 USD

Files In Submission

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0001144204-16-094321-index-headers.html Edgar Link pending
0001144204-16-094321-index.html Edgar Link pending
0001144204-16-094321.txt Edgar Link pending
0001144204-16-094321-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mcar-20160229.xml Edgar Link completed
mcar-20160229.xsd Edgar Link pending
mcar-20160229_cal.xml Edgar Link unprocessable
mcar-20160229_def.xml Edgar Link unprocessable
mcar-20160229_lab.xml Edgar Link unprocessable
mcar-20160229_pre.xml Edgar Link unprocessable
R1.htm Edgar Link pending
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R16.htm Edgar Link pending
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R2.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
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v436521_ex31-1.htm Edgar Link pending
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v436521_ex32.htm Edgar Link pending