2024 Q1 Form 10-Q Financial Statement
#000164033424000231 Filed on February 14, 2024
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 |
---|---|---|---|---|
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
3000000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
121983993 | shares |
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> | ||
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> | ||
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Current Fiscal Year End Date
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|
--03-31 | ||
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Q3 | ||
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Document Fiscal Year Focus
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2024 | ||
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Common Stock No Par Value
CommonStockNoParValue
|
0.001 | |
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Common Stock Shares Authorized
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Common Stock Shares Issued
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121983993 | shares |
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Common Stock Shares Outstanding
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Document Type
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10-Q | ||
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Document Period End Date
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2023-12-31 | ||
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Entity File Number
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333-152242 | ||
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Entity Registrant Name
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YINFU GOLD CORPORATION | ||
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Entity Incorporation State Country Code
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|
WY | ||
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Entity Tax Identification Number
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|
20-8531222 | ||
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Entity Address Address Line1
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Suite 2313 | ||
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Entity Address Address Line2
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|
Dongfang Science and Technology Mansion | ||
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Entity Address Address Line3
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Nanshan District | ||
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Shenzhen | ||
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CN | ||
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518000 | ||
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755 | ||
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8316-0998 | ||
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Common stock, par value $0.001 per share | ||
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NetIncomeLoss
|
-42192 | usd | |
us-gaap |
Temporary Equity Foreign Currency Translation Adjustments
TemporaryEquityForeignCurrencyTranslationAdjustments
|
26892 | usd | |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2623092 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
-42192 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
-342635 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
4917 | usd | |
us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
25325 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-906 | usd | |
us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-3148 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
22449 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
78884 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
560 | usd | |
us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
184976 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
60292 | usd | |
us-gaap |
Proceeds From Short Term Debt
ProceedsFromShortTermDebt
|
0 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
0 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-30108 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
45120 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-86706 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
0 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
6883 | usd | |
us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
39125 | usd | |
us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
-52567 | usd | |
us-gaap |
Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
|
60925 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-45684 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
100050 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-48 | usd | |
us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-13309 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-612 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
35 | usd | |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
896 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
525 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
284 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
560 | usd |
elre |
Recognized Rou Assets Through Lease Liabilities Non Cash
RecognizedROUAssetsThroughLeaseLiabilitiesNonCash
|
4339 | usd | |
elre |
Recognized Rou Assets Through Lease Liabilities Non Cash
RecognizedROUAssetsThroughLeaseLiabilitiesNonCash
|
13282 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2014Q4 | elre |
Ownership Percentage To Be Acquired
OwnershipPercentageToBeAcquired
|
1 | pure |
CY2014Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
1599982 | shares |
CY2014Q4 | us-gaap |
Equity Method Investment Additional Information
EquityMethodInvestmentAdditionalInformation
|
Pursuant to the Agreement, on or before January 1, 2015, CEI was to deliver to the Company, duly authorized, properly and fully executed documents in English, evidencing and confirming the sale of 100% of the shares of CEI and its assets | |
us-gaap |
Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent
|
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 |