$KRFG
OneSolution Technology Inc.

2022 Q3 Form 10-Q Financial Statement

#000168316822005348 Filed on August 05, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $2.872K $159.3K $385.4K
YoY Change -95.54%
Cost Of Revenue $2.634K $16.49K $68.05K
YoY Change -92.44%
Gross Profit $238.00 $142.8K $317.4K
YoY Change -99.19%
Gross Profit Margin 8.29% 89.65% 82.34%
Selling, General & Admin $392.7K $250.7K $318.1K
YoY Change 1471.67% 963.67%
% of Gross Profit 164979.41% 175.49% 100.25%
Research & Development $171.5K $62.61K $59.39K
YoY Change 1600.15% 120.31%
% of Gross Profit 72077.73% 43.84% 18.71%
Depreciation & Amortization $567.00 $460.00 $10.08K
YoY Change -46.95%
% of Gross Profit 238.24% 0.32% 3.18%
Operating Expenses $564.2K $313.3K $377.5K
YoY Change 1508.63% 502.62%
Operating Profit -$564.0K -$170.4K -$60.16K
YoY Change 9961.69% 227.86%
Interest Expense $32.57K $14.58K
YoY Change
% of Operating Profit
Other Income/Expense, Net -$28.12K -$11.53K $0.00
YoY Change
Pretax Income -$592.1K -$182.0K -$60.17K
YoY Change
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$592.1K -$182.0K -$60.17K
YoY Change 10463.39% 250.03%
Net Earnings / Revenue -20615.53% -114.21% -15.61%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$12.52
COMMON SHARES
Basic Shares Outstanding 5.333B shares 4.842B shares
Diluted Shares Outstanding 5.414B shares 4.842B shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.38K $416.0K $14.86K
YoY Change -75.23%
Cash & Equivalents $40.38K $416.0K $14.86K
Short-Term Investments
Other Short-Term Assets $630.2K $573.8K $58.79K
YoY Change
Inventory $18.37K $18.46K $17.62K
Prepaid Expenses
Receivables $2.889K $0.00
Other Receivables $48.71K $0.00
Total Short-Term Assets $740.5K $1.008M $91.27K
YoY Change -14.7%
LONG-TERM ASSETS
Property, Plant & Equipment $6.385K $4.736K $5.208K
YoY Change -83.73%
Goodwill
YoY Change
Intangibles $17.18K $18.31K $19.47K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $75.89K $85.21K $96.81K
YoY Change 79.27%
TOTAL ASSETS
Total Short-Term Assets $740.5K $1.008M $91.27K
Total Long-Term Assets $75.89K $85.21K $96.81K
Total Assets $816.4K $1.093M $188.1K
YoY Change 16.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.715K $1.815M $1.683M
YoY Change
Accrued Expenses $329.6K $239.1K $38.70K
YoY Change 222.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.568M $2.455M $1.887M
YoY Change 2.56%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $23.57K $23.70K $33.72K
YoY Change -101.87%
Total Long-Term Liabilities $23.57K $23.70K $33.72K
YoY Change -101.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.568M $2.455M $1.887M
Total Long-Term Liabilities $23.57K $23.70K $33.72K
Total Liabilities $2.591M $2.478M $1.921M
YoY Change 4.4%
SHAREHOLDERS EQUITY
Retained Earnings -$7.343M -$6.750M -$6.568M
YoY Change
Common Stock $5.484M $5.333M $4.808M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.775M -$1.385M -$1.733M
YoY Change
Total Liabilities & Shareholders Equity $816.4K $1.093M $188.1K
YoY Change 16.82%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$592.1K -$182.0K -$60.17K
YoY Change 10463.39% 250.03%
Depreciation, Depletion And Amortization $567.00 $460.00 $10.08K
YoY Change -46.95%
Cash From Operating Activities -$330.1K $255.9K $295.3K
YoY Change -597.71%
INVESTING ACTIVITIES
Capital Expenditures -$2.220K -$5.540K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.550K
YoY Change
Cash From Investing Activities -$2.220K -$8.090K
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 -34.45K $134.8K -288.8K
YoY Change 312.59%
NET CHANGE
Cash From Operating Activities -330.1K $255.9K 295.3K
Cash From Investing Activities -2.220K -8.090K
Cash From Financing Activities -34.45K $134.8K -288.8K
Net Change In Cash -366.8K $401.1K -1.580K
YoY Change -2097.28%
FREE CASH FLOW
Cash From Operating Activities -$330.1K $255.9K $295.3K
Capital Expenditures -$2.220K -$5.540K
Free Cash Flow -$327.9K $300.8K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q2 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2022Q2 dei Entity Shell Company
EntityShellCompany
false
CY2022Q2 us-gaap Assets Current
AssetsCurrent
1008161 usd
CY2022Q2 dei Entity Registrant Name
EntityRegistrantName
KING RESOURCES, INC.
CY2022Q2 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2022Q2 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
13-3784149
CY2022Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5332802061 shares
CY2022Q1 us-gaap Assets Current
AssetsCurrent
91269 usd
CY2022Q2 dei Entity Address Address Line1
EntityAddressAddressLine1
Unit 1813, 18/F
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
415958 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4736 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5208 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
62165 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
72129 usd
CY2022Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
18307 usd
CY2022Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
19469 usd
CY2022Q2 us-gaap Assets Noncurrent
AssetsNoncurrent
85208 usd
CY2022Q2 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
CY2022Q1 us-gaap Assets Noncurrent
AssetsNoncurrent
96806 usd
CY2022Q2 us-gaap Assets
Assets
1093369 usd
CY2022Q1 us-gaap Assets
Assets
188075 usd
CY2022Q2 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2022Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
400974 usd
CY2022Q2 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2022Q2 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2022Q1 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
165392 usd
CY2022Q2 dei Document Type
DocumentType
10-Q
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
200000 usd
CY2022Q1 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
0 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1814530 usd
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1683063 usd
CY2022Q2 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
39091 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38697 usd
CY2022Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2454595 usd
CY2022Q1 us-gaap Inventory Net
InventoryNet
17617 usd
CY2022Q2 dei City Area Code
CityAreaCode
852
CY2022Q2 dei Document Period End Date
DocumentPeriodEndDate
2022-06-30
CY2022Q2 dei Document Transition Report
DocumentTransitionReport
false
CY2022Q2 dei Local Phone Number
LocalPhoneNumber
3585 8905
CY2022Q2 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
510416 usd
CY2022Q1 us-gaap Deferred Finance Costs Current Gross
DeferredFinanceCostsCurrentGross
0 usd
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
63332 usd
CY2022Q2 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2022Q2 dei Entity Small Business
EntitySmallBusiness
true
CY2022Q2 dei Entity File Number
EntityFileNumber
000-56396
CY2022Q1 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
58788 usd
CY2022Q2 dei Entity Central Index Key
EntityCentralIndexKey
0000774415
CY2022Q2 dei Amendment Flag
AmendmentFlag
false
CY2022Q2 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2022Q2 dei Entity Address Address Line2
EntityAddressAddressLine2
Fo Tan Industrial Centre
CY2022Q2 dei Entity Address Address Line3
EntityAddressAddressLine3
26-28 Au Pui Wan Street
CY2022Q2 dei Entity Address City Or Town
EntityAddressCityOrTown
Fo Tan
CY2022Q2 dei Entity Address Country
EntityAddressCountry
HK
CY2022Q2 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
00000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14864 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
18455 usd
CY2022Q1 us-gaap Liabilities Current
LiabilitiesCurrent
1887152 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23700 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33721 usd
CY2022Q2 us-gaap Liabilities
Liabilities
2478295 usd
CY2022Q1 us-gaap Liabilities
Liabilities
1920873 usd
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
85000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
85000000 shares
CY2022Q2 KRFG Preferred Stock Shares Authorized Undesignated
PreferredStockSharesAuthorizedUndesignated
35000000 shares
CY2022Q1 KRFG Preferred Stock Shares Authorized Undesignated
PreferredStockSharesAuthorizedUndesignated
35000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000000 shares
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000000 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5332802061 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5332802061 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4807802061 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4807802061 shares
CY2022Q2 us-gaap Common Stock Value
CommonStockValue
5332802 usd
CY2022Q1 us-gaap Common Stock Value
CommonStockValue
4807802 usd
CY2022Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
2724 usd
CY2022Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2107 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6750452 usd
CY2022Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6568493 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-1384926 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-1732798 usd
CY2022Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1093369 usd
CY2022Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
188075 usd
CY2022Q2 us-gaap Revenues
Revenues
159317 usd
CY2021Q2 us-gaap Revenues
Revenues
0 usd
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
16486 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
-0 usd
CY2022Q2 us-gaap Gross Profit
GrossProfit
142831 usd
CY2021Q2 us-gaap Gross Profit
GrossProfit
0 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
62611 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
28419 usd
CY2022Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
149000 usd
CY2021Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
-0 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
101654 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
23565 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
313265 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
51984 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-170434 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-51984 usd
CY2022Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
3059 usd
CY2021Q2 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
14584 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
-0 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-11525 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
0 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
-181959 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
-51984 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-181959 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-51984 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4831 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1991 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-177128 usd
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-53975 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4842417446 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4807802061 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4842417446 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4807802061 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-181959 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-51984 usd
CY2022Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
10276 usd
CY2021Q2 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
9550 usd
CY2022Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1122 usd
CY2021Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
1069 usd
CY2022Q2 us-gaap Other Noncash Expense
OtherNoncashExpense
845 usd
CY2021Q2 us-gaap Other Noncash Expense
OtherNoncashExpense
361 usd
CY2022Q2 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
14583 usd
CY2021Q2 us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
0 usd
CY2022Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
874 usd
CY2021Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-0 usd
CY2022Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
4664 usd
CY2021Q2 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1528 usd
CY2022Q2 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
226086 usd
CY2021Q2 us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-2002 usd
CY2022Q2 KRFG Increase Decrease In Accrued Consulting And Service Fees
IncreaseDecreaseInAccruedConsultingAndServiceFees
200000 usd
CY2021Q2 KRFG Increase Decrease In Accrued Consulting And Service Fees
IncreaseDecreaseInAccruedConsultingAndServiceFees
0 usd
CY2022Q2 KRFG Increase Decrease In Rightofuse Assets And Lease Liabilities
IncreaseDecreaseInRightofuseAssetsAndLeaseLiabilities
9478 usd
CY2021Q2 KRFG Increase Decrease In Rightofuse Assets And Lease Liabilities
IncreaseDecreaseInRightofuseAssetsAndLeaseLiabilities
9945 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
255937 usd
CY2021Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-51423 usd
CY2022Q2 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
134848 usd
CY2021Q2 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
32683 usd
CY2022Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
134848 usd
CY2021Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
32683 usd
CY2022Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10309 usd
CY2021Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1342 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
401094 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-20082 usd
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14864 usd
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42463 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
415958 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22381 usd
CY2022Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
CY2022Q2 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2021Q2 us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
-1683936 usd
CY2021Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-1991 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-51984 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
-1737911 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
-1732798 usd
CY2022Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
4831 usd
CY2022Q2 KRFG Commitment Shares Issued For Private Placement
CommitmentSharesIssuedForPrivatePlacement
525000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-181959 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
-1384926 usd
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
85000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
85000000 shares
CY2022Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_847_eus-gaap--UseOfEstimates_zzOgKdFsLeHf" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 0%"> </td> <td style="width: 5%"><span style="font-family: Symbol; font-size: 10pt">·</span></td> <td style="text-align: justify; width: 95%"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_869_zc5zGn5HV594">Use of estimates and assumptions</span></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In preparing these unaudited condensed consolidated financial statements, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenues and expenses during the periods reported. Actual results may differ from these estimates. If actual results significantly differ from the Company’s estimates, the Company’s financial condition and results of operations could be materially impacted. Significant estimates in the period include the valuation and useful lives of intangible assets and deferred tax valuation allowance.</p>
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
6000000000 shares
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q2 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022Q1 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
19469 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1122 usd
CY2022Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2021Q2 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
5332802061 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
5332802061 shares
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4807802061 shares
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4807802061 shares
CY2021Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1069 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
4486 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4486 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
4486 usd
CY2021Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Payments For Repurchase Of Equity
PaymentsForRepurchaseOfEquity
20000000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3428 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
255 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
1166 usd
CY2022Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Purchase Price Of Common Stock Percent
SharebasedCompensationArrangementBySharebasedPaymentAwardPurchasePriceOfCommonStockPercent
0.88 pure
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-6750452 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
52419 usd
CY2022Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
52526 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47778 usd
CY2022Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
47659 usd
CY2022Q2 KRFG Less Foreign Translation Difference
LessForeignTranslationDifference
95 usd
CY2022Q1 KRFG Less Foreign Translation Difference
LessForeignTranslationDifference
341 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4736 usd
CY2022Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5208 usd
CY2022Q2 us-gaap Depreciation
Depreciation
460 usd
CY2021Q2 us-gaap Depreciation
Depreciation
0 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-5405 usd
CY2022Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-4308 usd
CY2022Q2 KRFG Foreign Translation Adjustment Intangible Assets
ForeignTranslationAdjustmentIntangibleAssets
-40 usd
CY2022Q1 KRFG Foreign Translation Adjustment Intangible Assets
ForeignTranslationAdjustmentIntangibleAssets
-127 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18307 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18307 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1814530 usd
CY2022Q1 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
1683063 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
62165 usd
CY2022Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
72129 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
39091 usd
CY2022Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
38697 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
23700 usd
CY2022Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33721 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
62791 usd
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
72418 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
39091 usd
CY2022Q2 KRFG Deferred Tax Assets Operating Loss Carryforwards Us Tax Regime
DeferredTaxAssetsOperatingLossCarryforwardsUsTaxRegime
52571 usd
CY2022Q1 KRFG Deferred Tax Assets Operating Loss Carryforwards Us Tax Regime
DeferredTaxAssetsOperatingLossCarryforwardsUsTaxRegime
37754 usd
CY2022Q2 KRFG Deferred Tax Assets Operating Loss Carryforwards Hong Kong Tax Regime
DeferredTaxAssetsOperatingLossCarryforwardsHongKongTaxRegime
244419 usd
CY2022Q1 KRFG Deferred Tax Assets Operating Loss Carryforwards Hong Kong Tax Regime
DeferredTaxAssetsOperatingLossCarryforwardsHongKongTaxRegime
256470 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
296990 usd
CY2022Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
294224 usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-181959 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-51984 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4842417446 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
4807802061 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4842417446 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
4807802061 shares
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.00
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.00
CY2022Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
0 usd
CY2022Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
250340 usd
CY2022Q2 us-gaap Deferred Tax Assets Other Loss Carryforwards
DeferredTaxAssetsOtherLossCarryforwards
52571 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-181959 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-51984 usd
CY2022Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2021Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
0 usd
CY2022Q2 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
0 usd

Files In Submission

Name View Source Status
0001683168-22-005348-index-headers.html Edgar Link pending
0001683168-22-005348-index.html Edgar Link pending
0001683168-22-005348.txt Edgar Link pending
0001683168-22-005348-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
image_001.jpg Edgar Link pending
kingresources_ex3101.htm Edgar Link pending
kingresources_ex3102.htm Edgar Link pending
kingresources_ex3201.htm Edgar Link pending
kingresources_ex3202.htm Edgar Link pending
kingres_i10q-063022.htm Edgar Link pending
kingres_i10q-063022_htm.xml Edgar Link completed
krfg-20220630.xsd Edgar Link pending
krfg-20220630_cal.xml Edgar Link unprocessable
krfg-20220630_def.xml Edgar Link unprocessable
krfg-20220630_lab.xml Edgar Link unprocessable
krfg-20220630_pre.xml Edgar Link unprocessable
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending