Get Started for Free Contexxia identifies hard-to-find pieces of information in SEC filings. No more highlighters, no more redlining, no more poring over huge documents. Kemiao Garment Holding Group (1471302) 10-Q published on Dec 22, 2020 at 11:11 am
For the three months ended March 31,2020, revenue generated was $0 , compared to $0 for the three months ended March 31, 2019.
Operating expenses for the three months ended March 31,2020 were $33,231 compared to $nil for the three months ended March 31, 2019. Operating expenses increased in 2020 due to general and administrative fees and other professional fee incurred for this period.
General and administrative expense for the three months ended March 31,2020 increased by $1,091, from $nil compared to the three-month ended March 31,2019.
Professional fees which include accounting, legal and consulting fees, for the three months ended March 31,2020 increased from $nil to $32,140 compared to the three months ended of March 31,2019 .. The increase is related to accounting and audit fees, consulting, legal services and SEC filing fees between the two periods.
During the three -month ended March 31,2020, the Company incurred interest of $0 compared to interest expense of $0 incurred during the three months ended March 31, 2019 .
Net loss for the three months ended March 31,2020 was $33,231 compared to a net loss of $nil for the three months ended March 31,2019 .
Cash was $0 for period ended March 31,2019 and $0 period ended March 31,2020 . Accounts receivable was $0 for period ended March 31,2019 and $0 for period ending March 31,2020 . Payroll taxes payable were $0 at March 31,2019, and $0 for March 31,2020 . Net operating loss Increased by $33,231 at March 31 2020 to $0 for period ended March 31,2019 . Accounts payable and accrued expenses increased by $292 from $0 at March 31, 2019 to $292 at March 31,2020 . The increase in accrued expenses is related to other professional fee and administration expenses.