Zhen Ding Resources Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Zhen Ding Resources Inc. has filed its 2023 annual report (10-K) detailing its financial performance and operations for the fiscal year ending December 31, 2023.</b>

AI Summary

ZHEN DING RESOURCES INC. (RBTK) filed a Annual Report (10-K) with the SEC on April 12, 2024. The company filed its 2023 Form 10-K on April 12, 2024. The fiscal year end for Zhen Ding Resources Inc. is December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business is Metal Mining. The filing includes financial data for the years ending December 31, 2023, 2022, and 2021.

Why It Matters

For investors and stakeholders tracking ZHEN DING RESOURCES INC., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Zhen Ding Resources Inc.'s financial health and operational activities for the 2023 fiscal year, crucial for investors to assess performance and future prospects. The detailed financial statements and risk factors within this report are essential for stakeholders to understand the company's position in the Metal Mining industry and any potential challenges it faces.

Risk Assessment

Risk Level: low — ZHEN DING RESOURCES INC. shows low risk based on this filing. The filing is a standard 10-K annual report, indicating routine disclosure rather than an immediate event requiring high risk assessment.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand Zhen Ding Resources Inc.'s 2023 performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-12 — Filing Date (As of date)
• 10-K — Form Type (Filing type)
• 0001594204 — Central Index Key (Company identifier)

Key Players & Entities

• ZHEN DING RESOURCES INC. (company) — Filer name
• 2023 (date) — Fiscal year
• 20240412 (date) — Filing date
• METAL MINING (industry) — Standard Industrial Classification
• DE (location) — State of incorporation

FAQ

Industry Context

Zhen Ding Resources Inc. operates within the Metal Mining industry, a sector characterized by exploration, extraction, and processing of mineral resources.

Regulatory Implications

The company is subject to standard SEC regulations for public companies, including the requirement to file annual reports (10-K) under the Securities Exchange Act of 1934.

What Investors Should Do

1. Analyze the financial statements within the 10-K for revenue, net income, and balance sheet details.
2. Review the 'Risk Factors' section (if available) for potential challenges and uncertainties.
3. Compare key financial metrics with previous years to identify trends and performance changes.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-12: Filing Date — Date the 10-K report was officially filed with the SEC.

Year-Over-Year Comparison

This is the initial 10-K filing for the period ending December 31, 2023, as indicated by the filing date. Comparative data for prior periods is included within the report.

Key Financial Figures

• $0 — ant on June 30, 2023 was $ 0 based on a $0 average bid and asked price of such com
• $3,000,000 — ctively sought an investment of between $3,000,000 and $4,000,000, which we believe is req
• $4,000,000 — an investment of between $3,000,000 and $4,000,000, which we believe is required to expand
• $1.75 million — th an estimated budget of approximately $1.75 million over two years. The Company expected a
• $500,000 — ted cost of such additional research is $500,000. 7 Table of Contents Financing and
• $0.02 — on stock to ten lenders at the price of $0.02 per share in consideration for the canc
• $928,851 — n consideration for the cancellation of $928,851 of interest bearing debt payable on dem

Filing Documents

• zd32824010k.htm (10-K) — 712KB
• ex31_1.htm (EX-31.1) — 9KB
• ex32_1.htm (EX-32.1) — 5KB
• chart1.jpg (GRAPHIC) — 25KB
• figure1.jpg (GRAPHIC) — 61KB
• figure2.jpg (GRAPHIC) — 17KB
• 0001214659-24-006714.txt (&nbsp;) — 3388KB
• rbtk-20231231.xsd (EX-101.SCH) — 26KB
• rbtk-20231231_cal.xml (EX-101.CAL) — 35KB
• rbtk-20231231_def.xml (EX-101.DEF) — 56KB
• rbtk-20231231_lab.xml (EX-101.LAB) — 217KB
• rbtk-20231231_pre.xml (EX-101.PRE) — 168KB
• zd32824010k_htm.xml (XML) — 365KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 21 Item 2.

Properties

Properties 21 Item 3.

Legal Proceedings

Legal Proceedings 26 Item 4. Mine Safety Disclosures 26 Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 26 Item 6.

Selected Financial Data

Selected Financial Data 27 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 30 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 43 Item 9A.

Controls and Procedures

Controls and Procedures 43 Item 9B. Other Information 44 Item 10. Directors, Executive Officers and Corporate Governance 44 Item 11.

Executive Compensation

Executive Compensation 47 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 48 Item 13. Certain Relationships and Related Transactions, and Director Independence 49 Item 14. Principal Accounting Fees and Services 52 Item 15. Exhibits, Financial Statement Schedules 53 Table of Contents PART I

Business

Item 1. Business This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled "Risk Factors" that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking Our financial statements are stated in United In this annual report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to the common shares in our capital stock. As used in this current report and unless otherwise indicated, the terms "we", "us" and "our" mean Zhen Ding Resources Inc. and our subsidiaries, Z&W Zhen Ding Corporation and Zhen Ding Mining Co. Ltd., unless otherwise indicated. General Overview We are engaged in seeking business partnership opportunities with companies that are in the field of exploration and extraction of precious and/or base metals, p

View Full Filing

View this 10-K filing on SEC EDGAR