2024 Q1 Form 10-Q Financial Statement

#000164033424000231 Filed on February 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $31.65K $18.12K
YoY Change -63.52% -83.6%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $31.65K $18.12K
YoY Change -63.52% -83.6%
Operating Profit -$18.12K
YoY Change -83.6%
Interest Expense $0.00 $0.00
YoY Change
% of Operating Profit
Other Income/Expense, Net $8.380K $8.391K
YoY Change -10575.0% -93333.33%
Pretax Income -$23.27K -$9.733K
YoY Change -18.21% -91.19%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$23.27K -$9.733K
YoY Change -18.21% -91.19%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 122.0M shares 122.0M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $490.00 $280.00
YoY Change -45.56% -50.0%
Cash & Equivalents $488.00 $284.00
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $11.12K $10.32K
YoY Change 7.79% 8.88%
LONG-TERM ASSETS
Property, Plant & Equipment $14.74K $3.790K
YoY Change 466.92% -86.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $14.74K $3.787K
YoY Change 466.77% -86.09%
TOTAL ASSETS
Total Short-Term Assets $11.12K $10.32K
Total Long-Term Assets $14.74K $3.787K
Total Assets $25.86K $14.11K
YoY Change 100.15% -61.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $259.9K $257.8K
YoY Change 12.16% 3.56%
Accrued Expenses $4.220K $1.990K
YoY Change -34.67% -92.81%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $23.95K
YoY Change -100.0% -90.51%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.642M $2.634M
YoY Change 0.82% -3.81%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $14.27K $2.830K
YoY Change
Total Long-Term Liabilities $14.27K $2.830K
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $2.642M $2.634M
Total Long-Term Liabilities $14.27K $2.830K
Total Liabilities $2.657M $2.637M
YoY Change 1.37% -3.71%
SHAREHOLDERS EQUITY
Retained Earnings -$2.838M -$2.815M
YoY Change 2.36% 2.57%
Common Stock $122.0K $122.0K
YoY Change 0.0% 6048.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.631M -$2.623M
YoY Change
Total Liabilities & Shareholders Equity $25.86K $14.11K
YoY Change 100.15% -61.56%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$23.27K -$9.733K
YoY Change -18.21% -91.19%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$78.56K $52.64K
YoY Change -612.46% 1576.43%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $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 77.23K -52.77K
YoY Change -373.19% -715.75%
NET CHANGE
Cash From Operating Activities -78.56K 52.64K
Cash From Investing Activities 0.000
Cash From Financing Activities 77.23K -52.77K
Net Change In Cash -1.330K -130.0
YoY Change -89.72% -101.11%
FREE CASH FLOW
Cash From Operating Activities -$78.56K $52.64K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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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>
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>
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dei Entity File Number
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dei Entity Registrant Name
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YINFU GOLD CORPORATION
dei Entity Incorporation State Country Code
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dei Entity Tax Identification Number
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dei Entity Address Address Line1
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Dongfang Science and Technology Mansion
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Nanshan District
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dei Security12b Title
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26892 usd
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
84987 usd
us-gaap Net Income Loss
NetIncomeLoss
-42192 usd
us-gaap Net Income Loss
NetIncomeLoss
-342635 usd
elre Weighted Average Number Of Share Outstanding Basic And Diluted Share
WeightedAverageNumberOfShareOutstandingBasicAndDilutedShare
121983993 shares
elre Weighted Average Number Of Share Outstanding Basic And Diluted Share
WeightedAverageNumberOfShareOutstandingBasicAndDilutedShare
1983993 shares
elre Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-0.00
elre Basic And Diluted Net Loss Per Common Share
BasicAndDilutedNetLossPerCommonShare
-0.17
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-2814745 usd
us-gaap Net Income Loss
NetIncomeLoss
-42192 usd
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
3000000000 shares
CY2022Q3 elre Reverse Stock Split Approved
ReverseStockSplitApproved
5-in-1
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
121983993 shares
CY2023Q4 elre Short Term Loan
ShortTermLoan
262085 usd
CY2023Q4 elre Accrued Interest Related Party
AccruedInterestRelatedParty
444 usd
CY2023Q1 elre Accrued Interest Related Party
AccruedInterestRelatedParty
453 usd
CY2023Q4 elre Short Term Loan Related Partiy
ShortTermLoanRelatedPartiy
262085 usd
CY2023Q1 elre Short Term Loan Related Partiy
ShortTermLoanRelatedPartiy
261932 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Repayments Of Principal In Next Twelve Months
LongTermDebtAndCapitalLeaseObligationsRepaymentsOfPrincipalInNextTwelveMonths
1545 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Two
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearTwo
1447 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Three
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearThree
815 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Four
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFour
459 usd
CY2023Q4 us-gaap Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal In Year Five
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalInYearFive
104 usd
CY2023Q4 elre Long Term Debt And Capital Lease Obligations Maturities Repayments Of Principal Remainder Thereafter
LongTermDebtAndCapitalLeaseObligationsMaturitiesRepaymentsOfPrincipalRemainderThereafter
0 usd
CY2023Q4 elre Total Lease Payment At Present Value
TotalLeasePaymentAtPresentValue
4370 usd
CY2020Q3 elre Amount Payable To Related Party
AmountPayableToRelatedParty
128221 usd
CY2023Q4 elre Due To Related Parties
DueToRelatedParties
2088551 usd
CY2023Q1 elre Due To Related Parties
DueToRelatedParties
2095837 usd

Files In Submission

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0001640334-24-000231-index-headers.html Edgar Link pending
0001640334-24-000231-index.html Edgar Link pending
0001640334-24-000231.txt Edgar Link pending
0001640334-24-000231-xbrl.zip Edgar Link pending
elre-20231231.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
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report.css Edgar Link pending
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elre-20231231_def.xml Edgar Link unprocessable
elre-20231231_lab.xml Edgar Link unprocessable
elre-20231231_pre.xml Edgar Link unprocessable
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elre_10q_htm.xml Edgar Link completed
elre-20231231_cal.xml Edgar Link unprocessable