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Radtek Co, Ltd. - Consolidated Balance Sheets - As of June 30, 2015 (Unaudited) and December 31, 2014 (Audited) - USD ($)
Jun. 30, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 43,140 $ 213,247
Accounts receivable, net 56,945 6,295
Loan Receivable 347,137 0
Prepaid expenses and other assets 1,148,964 899,729
Inventories 0 1,513
Total current assets 1,596,186 1,120,784
Investment 8,127 8,311
Property and equipment, net 0 0
Intangible assets 83,410 88,325
Security deposits 29,357 27,293
Total noncurrent assets 120,894 123,929
Total assets 1,717,080 1,244,713
Current liabilities    
Accounts and other payables 327,934 355,910
Short-term borrowings 133,440 136,463
Loan from related party 0 160,000
Advances from related party 800,617 440,817
Advance payments on contracts 1,307,220 1,025,051
Other current liabilities 17,553 3,394
Total current liabilities 2,586,764 2,121,635
Non-current liabilities:    
Accrued severance benefits, net 38,694 32,683
Total Liabilities 2,625,458 2,154,318
Stockholders' equity    
Preferred Stock: Authorized: 10,000,000 shares, $0.001 par value; Issued and outstanding: 0 shares 0 0
Common Stock: Authorized: 1,990,000,000 shares, $0.001 par value; Issued and outstanding: 121,336,800 shares and 121,336,800 shares as of June, 2015 and December 31, 2014, respectively 176,712 176,712
Additional paid in capital 1,638,511 1,638,511
Treasury Stock (55,375,000 shares) (375,053) (375,053)
Accumulated other comprehensive loss 36,246 7,408
Accumulated deficits (2,384,794) (2,357,183)
Total equity (908,378) (909,605)
Total liabilities and equity $ 1,717,080 $ 1,244,713