$ELRE
Yinfu Gold Corp.

2023 Q1 Form 10-Q Financial Statement

#000164033423000197 Filed on February 10, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2021 Q4
Revenue $58.40K $0.00 $0.00
YoY Change
Cost Of Revenue $0.00 $0.00 $0.00
YoY Change
Gross Profit $58.40K $0.00 $0.00
YoY Change
Gross Profit Margin 100.0%
Selling, General & Admin $86.77K $110.5K $118.5K
YoY Change -26.88% -6.72% 142.3%
% of Gross Profit 148.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.52K
YoY Change
% of Gross Profit
Operating Expenses $86.77K $110.5K $118.5K
YoY Change -26.88% -6.72% 142.33%
Operating Profit -$28.37K -$110.5K -$118.5K
YoY Change -6.72% 142.33%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net -$80.00 -$9.00 $0.00
YoY Change -52.94%
Pretax Income -$28.45K -$110.5K -$118.5K
YoY Change -76.06% -6.71% 142.33%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$28.45K -$110.5K -$118.5K
YoY Change -76.06% -6.71% 142.33%
Net Earnings / Revenue -48.72%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.01 -$0.06 -$11.94K
COMMON SHARES
Basic Shares Outstanding 1.984M shares 1.984M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $900.00 $560.00 $690.00
YoY Change 69.81% -18.84% 46.81%
Cash & Equivalents $900.00 $560.00 $689.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $10.32K $9.478K $5.937K
YoY Change 50.88% 59.64% 378.79%
LONG-TERM ASSETS
Property, Plant & Equipment $2.600K $27.22K $25.72K
YoY Change -59.88% 5.83% -73.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.600K $27.22K $25.72K
YoY Change -59.88% 5.83% -73.71%
TOTAL ASSETS
Total Short-Term Assets $10.32K $9.478K $5.937K
Total Long-Term Assets $2.600K $27.22K $25.72K
Total Assets $12.92K $36.69K $31.65K
YoY Change -3.01% 15.93% -68.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $231.7K $248.9K $89.97K
YoY Change 30.63% 176.68%
Accrued Expenses $6.460K $27.67K $45.19K
YoY Change -75.6% -38.77% -50.68%
Deferred Revenue
YoY Change
Short-Term Debt $286.7K $252.4K $175.5K
YoY Change 25.37% 43.82% 1.88%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.621M $2.739M $2.355M
YoY Change 6.63% 16.31% 23.2%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.621M $2.739M $2.355M
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $2.621M $2.739M $2.355M
YoY Change 6.63% 16.31% 22.0%
SHAREHOLDERS EQUITY
Retained Earnings -$2.773M -$2.744M -$2.283M
YoY Change 15.45% 20.22%
Common Stock $122.0K $1.984K $9.918K
YoY Change 6048.39% -80.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.608M -$2.702M -$2.323M
YoY Change
Total Liabilities & Shareholders Equity $12.92K $36.69K $31.65K
YoY Change -3.01% 15.93% -68.04%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income -$28.45K -$110.5K -$118.5K
YoY Change -76.06% -6.71% 142.33%
Depreciation, Depletion And Amortization $19.52K
YoY Change
Cash From Operating Activities $15.33K $3.140K -$40.71K
YoY Change -143.35% -107.71% -11.13%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $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 -28.27K 8.570K 40.76K
YoY Change -180.15% -78.97% -10.81%
NET CHANGE
Cash From Operating Activities 15.33K 3.140K -40.71K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities -28.27K 8.570K 40.76K
Net Change In Cash -12.94K 11.71K 50.00
YoY Change 14277.78% 23320.0% -145.45%
FREE CASH FLOW
Cash From Operating Activities $15.33K $3.140K -$40.71K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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dei Document Transition Report
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dei Entity File Number
EntityFileNumber
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dei Entity Registrant Name
EntityRegistrantName
YINFU GOLD CORPORATION
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
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dei Entity Address Address Line1
EntityAddressAddressLine1
Suite 2313
dei Entity Address Address Line2
EntityAddressAddressLine2
Dongfang Science and Technology Mansion
dei Entity Address Address Line3
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Nanshan District
dei Entity Address City Or Town
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dei Entity Address Country
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dei Entity Address Postal Zip Code
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dei City Area Code
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dei Local Phone Number
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dei Entity Filer Category
EntityFilerCategory
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dei Security12b Title
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us-gaap Concentration Risk Credit Risk
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<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>
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, 2022, 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, 2022.</p>
us-gaap Use Of Estimates
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<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>
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DueFromRelatedParties
228675 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
23202 usd
CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
4014 usd
CY2022Q4 elre Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Thereafter
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderThereafter
0 usd
CY2022Q4 elre Lease Payment At Present Value
LeasePaymentAtPresentValue
27216 usd
CY2020Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
131710 usd

Files In Submission

Name View Source Status
0001640334-23-000197-index-headers.html Edgar Link pending
0001640334-23-000197-index.html Edgar Link pending
0001640334-23-000197.txt Edgar Link pending
0001640334-23-000197-xbrl.zip Edgar Link pending
elre-20221231.xsd Edgar Link pending
elre_10q.htm Edgar Link pending
elre_ex311.htm Edgar Link pending
elre_ex312.htm Edgar Link pending
elre_ex321.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
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R3.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
FilingSummary.xml Edgar Link unprocessable
elre-20221231_lab.xml Edgar Link unprocessable
elre_10q_htm.xml Edgar Link completed
elre-20221231_def.xml Edgar Link unprocessable
elre-20221231_cal.xml Edgar Link unprocessable
elre-20221231_pre.xml Edgar Link unprocessable