2023 Q3 Form 20-F Financial Statement

#000121390023098624 Filed on December 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 2022 Q3

Balance Sheet

Concept 2023 Q3 2023 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $121.1M $121.1M $29.38M
YoY Change 312.2% -44.08% -73.58%
Cash & Equivalents $121.1M $121.1M $29.38M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $8.000K $8.000K $125.0M
YoY Change -99.99% -99.99% -64.8%
Inventory $4.500M
Prepaid Expenses $8.000K
Receivables
Other Receivables
Total Short-Term Assets $121.1M $121.1M $49.58M
YoY Change 144.29% -64.54% -89.37%
LONG-TERM ASSETS
Property, Plant & Equipment $24.00K $24.00K
YoY Change
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $24.00K $24.00K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $121.1M $121.1M $49.58M
Total Long-Term Assets $24.00K $24.00K
Total Assets $121.1M $121.1M $49.58M
YoY Change 144.34% -64.53% -90.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $1.046M $13.19M $71.37M
YoY Change -98.53% -77.74% -91.78%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $32.52M
YoY Change -100.0% -93.48%
Long-Term Debt Due $61.24M $101.9M $61.24M
YoY Change 0.0% -75.84% -88.07%
Total Short-Term Liabilities $115.1M $115.1M $796.0M
YoY Change -85.54% -97.9% -83.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.200M $1.200M $241.1M
YoY Change -99.5% -99.5% -33.23%
Other Long-Term Liabilities $12.00K $12.00K
YoY Change
Total Long-Term Liabilities $1.212M $1.212M $35.00M
YoY Change -96.54% -99.5% -91.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $115.1M $115.1M $796.0M
Total Long-Term Liabilities $1.212M $1.212M $35.00M
Total Liabilities $116.4M $116.4M $831.0M
YoY Change -86.0% -97.96% -83.82%
SHAREHOLDERS EQUITY
Retained Earnings -$946.1M -$1.632B
YoY Change -42.03% -83.81%
Common Stock $950.8M $14.00K
YoY Change 6791678.57% -46.15%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.794M $4.794M -$777.7M
YoY Change
Total Liabilities & Shareholders Equity $121.1M $121.1M $49.58M
YoY Change 144.34% -64.53% -90.15%

Cashflow Statement

Concept 2023 Q3 2023 2022 Q3

Facts In Submission

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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and revenue and expenses during the reporting periods. Significant accounting estimates reflected in the Group’s consolidated financial statements include, but not limited to valuation allowance for deferred tax assets, uncertain tax position, the initial valuation of the assets acquired and liabilities assumed in a business combination, economic lives and impairment of long-lived assets, impairment of goodwill, the valuation of short-term and long-term investments and share-based compensation. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.</p>
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023 aiu Ordinary Shares Description
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On May 11, 2023, the shareholders of the Company approved the consolidation of its ordinary share at a ratio of one-for-five hundred (the “share consolidation”), effective on May 15, 2023. Upon effective of the share consolidation, the ratio for each ADS was changed to one (1) ADS to two (2) Class A ordinary shares. Immediately following the share consolidation, the authorized share capital of the Company, as approved by the shareholders, were changed from US$50,000 divided into 100,000,000 shares of a par value of US$0.0005 each, comprising of (i) 75,406,315 Class A Ordinary Shares of a par value of US$0.0005 each, (ii) 4,593,684 Class B Ordinary Shares of a par value of US$0.0005 each, and (iii) 20,000,000 shares of a par value of US$0.0005 each to be designated by the board of directors, to US$100,000 divided into 200,000,000 shares of a par value of US$0.0005 each, comprising of (i) 140,000,000 Class A ordinary shares of a par value of US$0.0005 each, (ii) 20,000,000 Class B ordinary shares of a par value of US$0.0005 each, and (iii) 40,000,000 shares of a par value of US$0.0005 each to be designated by the board of directors (the “increase of authorized shares”).
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CY2023 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
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(i) 42,808,219 warrants on September 1, 2022 with two warrants can be convertible into one Class A ordinary share at an exercise price of $0.701, can be exercised cashlessly after November 30, 2023 and with an expiry date of August 31, 2027, i.e. five years anniversary after issuance date; (ii) 41,806,020 warrants on May 31, 2023 with one warrant can be convertible into one Class A ordinary share at an exercise price of $0.7475, can be exercised cashlessly after August 30, 2023 and with an expiry date of May 30, 2028, i.e. five years anniversary after issuance date; and (iii) 40,109,096 warrants on July 20, 2023 with one warrant can be convertible into one Class A ordinary share at an exercise price of $0.7791, can be exercised cashlessly after October 19, 2023 and with an expiry date of July 19, 2028, i.e. five years anniversary after issuance date.
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CY2022Q3 aiu Disposal Group For Prepayments From Customers
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CY2022Q3 aiu Disposal Group Including Discontinued Operation Shortterm Loans
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CY2022Q3 aiu Disposal Group Including Discontinued Operation Longterm Loans
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50000 shares
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100000000
CY2022Q3 us-gaap Common Stock Shares Outstanding
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CY2022Q3 aiu Convertible Senior Notes
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CY2022 aiu Exercise Of Employee Stock Options
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CY2021 aiu Net Incomeloss From Discontinued Operations
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CapitalExpendituresIncurredButNotYetPaid
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CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
usd
CY2022Q3 us-gaap Long Term Loans Payable
LongTermLoansPayable
usd
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2022Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
usd
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment Current
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipmentCurrent
usd
CY2023Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Other Liabilities
DisposalGroupIncludingDiscontinuedOperationOtherLiabilities
usd
CY2023Q3 us-gaap Disposal Group Including Discontinued Operation Accrued Income Tax Payable
DisposalGroupIncludingDiscontinuedOperationAccruedIncomeTaxPayable
usd
CY2023Q3 aiu Disposal Group For Prepayments From Customers
DisposalGroupForPrepaymentsFromCustomers
usd
CY2023Q3 aiu Disposal Group Including Discontinued Operation Shortterm Loans
DisposalGroupIncludingDiscontinuedOperationShorttermLoans
usd
CY2023Q3 aiu Disposal Group Including Discontinued Operation Longterm Loans
DisposalGroupIncludingDiscontinuedOperationLongtermLoans
usd
CY2023Q3 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
usd
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
200333
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001722380

Files In Submission

Name View Source Status
aiu-20230831_cal.xml Edgar Link unprocessable
aiu-20230831_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
aiu-20230831_lab.xml Edgar Link unprocessable
0001213900-23-098624-index-headers.html Edgar Link pending
0001213900-23-098624-index.html Edgar Link pending
0001213900-23-098624.txt Edgar Link pending
0001213900-23-098624-xbrl.zip Edgar Link pending
aiu-20230831.xsd Edgar Link pending
ex15-1_001.jpg Edgar Link pending
f20f2023ex12-1_metadata.htm Edgar Link pending
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f20f2023ex13-1_metadata.htm Edgar Link pending
f20f2023ex15-1_metadata.htm Edgar Link pending
f20f2023ex8-1_metadata.htm Edgar Link pending
f20f2023ex97-1_metadata.htm Edgar Link pending
f20f2023_metadata.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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aiu-20230831_def.xml Edgar Link unprocessable
f20f2023_metadata_htm.xml Edgar Link completed
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