XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
REVENUE $ 133,421 $ 203,231 $ 398,969 $ 562,104
COST OF REVENUES (121,499) (140,746) (345,518) (483,027)
GROSS PROFIT 11,922 62,485 53,451 79,077
OPERATING EXPENSES        
General and administrative (81,664) 274,256 (286,030) (198,312)
Total operating expenses (81,664) 274,256 (286,030) (198,312)
(LOSS) INCOME FROM OPERATIONS (69,742) 336,741 (232,579) (119,235)
Other (expense) income:        
Gain from the sale of subsidiaries 0 559,299 0 559,299
Interest income 0 0 1 4
Interest expense (563) (575) (1,688) (1,688)
Sundry income 0 (100) 0 0
Total other income (expense) (563) 558,624 (1,687) 557,615
(LOSS) INCOME BEFORE INCOME TAXES (70,305) 895,365 (234,266) 438,380
Income tax expense (243) (890) (243) (890)
(Loss) income from continuing operation (70,548) 894,475 (234,509) 437,490
Loss from discontinued operations, net of tax 0 (440,096) 0 (440,096)
NET (LOSS) INCOME (70,548) 454,379 (234,509) (2,606)
Less: loss attributable to noncontrolling interest (22) 0 (22) 0
Net (loss) income attributable to Cosmos Group Holding Inc. $ (70,526) $ 454,379 $ (234,487) $ (2,606)
Net (loss) income per share - Basic and diluted $ (0.00) $ 0.02 $ (0.01) $ (0.02)
Weighted average common shares outstanding - Basic and diluted 26,492,993 21,492,933 23,165,747 21,492,933
NET (LOSS) INCOME $ (70,548) $ 454,379 $ (234,509) $ (2,606)
Other comprehensive income:        
- Foreign currency translation income (loss) 0 (1,986) 0 5,294
COMPREHENSIVE (LOSS) INCOME $ (70,548) $ 452,393 $ (234,509) $ 2,688