$ELRE
Yinfu Gold Corp.

2022 Q1 Form 10-Q Financial Statement

#000164033422000304 Filed on February 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021 Q3
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 $118.7K $118.5K $124.1K
YoY Change 2.26% 142.3% 56.3%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.64K $19.52K $18.50K
YoY Change -74.48%
% of Gross Profit
Operating Expenses $118.7K $118.5K $124.1K
YoY Change 2.26% 142.33% 56.3%
Operating Profit -$118.5K -$124.1K
YoY Change 142.33% 56.3%
Interest Expense $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$170.00 $0.00 -$250.00
YoY Change -200.0%
Pretax Income -$118.8K -$118.5K -$124.4K
YoY Change 2.55% 142.33% 56.61%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$118.8K -$118.5K -$124.4K
YoY Change 2.55% 142.33% 56.61%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$59.91K -$11.94K -$12.54K
COMMON SHARES
Basic Shares Outstanding 9.918M shares 9.918M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q1 2021 Q4 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $530.00 $690.00 $540.00
YoY Change 76.67% 46.81% -6.9%
Cash & Equivalents $525.00 $689.00 $540.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $6.840K $5.937K $4.260K
YoY Change 242.86% 378.79% 222.73%
LONG-TERM ASSETS
Property, Plant & Equipment $6.480K $25.72K $43.97K
YoY Change -91.86% -73.7% -60.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.481K $25.72K $43.97K
YoY Change -91.86% -73.71% -60.39%
TOTAL ASSETS
Total Short-Term Assets $6.840K $5.937K $4.260K
Total Long-Term Assets $6.481K $25.72K $43.97K
Total Assets $13.32K $31.65K $48.23K
YoY Change -83.68% -68.04% -57.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $177.4K $89.97K $89.96K
YoY Change 77.95% 0.97%
Accrued Expenses $26.48K $45.19K $63.11K
YoY Change -73.12% -50.68% -32.34%
Deferred Revenue
YoY Change
Short-Term Debt $228.7K $175.5K $173.3K
YoY Change 33.21% 1.88% 3.56%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.458M $2.355M $2.238M
YoY Change 21.37% 23.2% 22.37%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.458M $2.355M $2.238M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.458M $2.355M $2.238M
YoY Change 21.37% 22.0% 20.01%
SHAREHOLDERS EQUITY
Retained Earnings -$2.401M -$2.283M
YoY Change 24.54%
Common Stock $1.984K $9.918K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.444M -$2.323M -$2.190M
YoY Change
Total Liabilities & Shareholders Equity $13.32K $31.65K $48.23K
YoY Change -83.68% -68.04% -57.06%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021 Q3
OPERATING ACTIVITIES
Net Income -$118.8K -$118.5K -$124.4K
YoY Change 2.55% 142.33% 56.61%
Depreciation, Depletion And Amortization $18.64K $19.52K $18.50K
YoY Change -74.48%
Cash From Operating Activities -$35.36K -$40.71K -$56.44K
YoY Change -78.36% -11.13% -41.57%
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 35.27K 40.76K 56.56K
YoY Change -78.39% -10.81% -38.49%
NET CHANGE
Cash From Operating Activities -35.36K -40.71K -56.44K
Cash From Investing Activities 0.000 0.000 0.000
Cash From Financing Activities 35.27K 40.76K 56.56K
Net Change In Cash -90.00 50.00 120.0
YoY Change -47.06% -145.45% -102.59%
FREE CASH FLOW
Cash From Operating Activities -$35.36K -$40.71K -$56.44K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Tax Expense Benefit
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Earnings Per Share Basic And Diluted
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us-gaap Earnings Per Share Basic And Diluted
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CY2021Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2020Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and cash equivalents as well as related party payables that it will likely incur in the near future. The Company places its cash and cash equivalents with financial institutions of high credit worthiness. At times, its cash and cash equivalents with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposure is limited.</p>
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
9917592 shares
CY2021Q4 us-gaap Short Term Borrowings
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175501 USD
elre Incremental Borrowing Rate
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elre Operating Lease Expenses
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54066 USD
elre Interim Financial Informationpolicytextblock
InterimFinancialInformationpolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The unaudited financial statements have been prepared in accordance with generally accepted accounting principles (GAAP) applicable to interim financial information and the requirements of Form 10-Q and Rule 8-03 of Regulation S-X of the Securities and Exchange Commission. Accordingly, they do not include all of the information and disclosure required by accounting principles generally accepted in the United States of America for complete financial statements. Interim results are not necessarily indicative of results for a full year. In the opinion of management, all adjustments considered necessary for a fair presentation of the financial position and the results of operations and cash flows for the interim periods have been included.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These financial statements should be read in conjunction with the audited financial statements as of and for the year ended March 31, 2021, as not all disclosures required by generally accepted accounting principles for annual financial statements are presented. The interim financial statements follow the same accounting policies and methods of computations as the audited financial statements as of and for the year ended March 31, 2021.</p>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires 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. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. </p>
CY2021Q4 elre Common Stock Shares Authorized To Issue
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3000000000 shares
CY2021Q1 us-gaap Accrued Salaries Current
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20000 USD
CY2021Q4 us-gaap Accrued Salaries Current
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240000 USD
CY2021Q1 us-gaap Accrued Salaries Current
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60000 USD
CY2020Q3 us-gaap Accounts Payable Related Parties Current
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152437 USD
CY2021Q4 elre Reverse Stock Split
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1-for-5
CY2021Q4 us-gaap Due From Related Parties
DueFromRelatedParties
201779 USD
CY2021Q1 us-gaap Due From Related Parties
DueFromRelatedParties
171666 USD

Files In Submission

Name View Source Status
0001640334-22-000304-index-headers.html Edgar Link pending
0001640334-22-000304-index.html Edgar Link pending
0001640334-22-000304.txt Edgar Link pending
0001640334-22-000304-xbrl.zip Edgar Link pending
elre-20211231.xsd Edgar Link pending
elre-20211231_cal.xml Edgar Link unprocessable
elre-20211231_def.xml Edgar Link unprocessable
elre-20211231_lab.xml Edgar Link unprocessable
elre-20211231_pre.xml Edgar Link unprocessable
elre_10q.htm Edgar Link pending
elre_10q_htm.xml Edgar Link completed
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