2023 Q1 Form 10-Q Financial Statement

#000118518523000150 Filed on February 21, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022 Q3
Revenue $39.45K $38.23K $51.94K
YoY Change 1339.85% -75.44%
Cost Of Revenue $190.00 $7.998K $27.50K
YoY Change -47.22% -99.48%
Gross Profit $39.26K $30.23K $24.44K
YoY Change 1549.66% -102.17%
Gross Profit Margin 99.52% 79.08% 47.05%
Selling, General & Admin $151.0K $125.3K $152.7K
YoY Change -76.76% -65.0% -48.78%
% of Gross Profit 384.59% 414.59% 624.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.700K $1.470K $1.476K
YoY Change
% of Gross Profit 9.42% 4.86% 6.04%
Operating Expenses $151.0K $125.3K $152.7K
YoY Change -76.76% -65.0% -48.78%
Operating Profit -$111.7K -$95.11K -$128.2K
YoY Change -82.74% -94.58% -56.98%
Interest Expense $101.9K $68.00K $64.54K
YoY Change -284.37% -242.8% -294.16%
% of Operating Profit
Other Income/Expense, Net -$101.9K -$33.01K -$64.53K
YoY Change -209.57% -161432.5%
Pretax Income -$213.6K -$128.1K -$192.8K
YoY Change -64.95% -92.89% -41.81%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$213.6K -$128.1K -$192.8K
YoY Change -64.95% -92.89% -41.81%
Net Earnings / Revenue -541.54% -335.13% -371.12%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 21.09B shares 21.09B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.57K $51.20K $74.57K
YoY Change -47.72% -75.18% -51.05%
Cash & Equivalents $55.57K $51.20K $74.57K
Short-Term Investments
Other Short-Term Assets $16.97K $16.97K $16.97K
YoY Change 65.56% -85.66% -85.66%
Inventory $113.8K $113.9K $121.5K
Prepaid Expenses
Receivables $1.227K $726.00 $645.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $187.5K $182.8K $213.7K
YoY Change -45.77% -61.3% -39.16%
LONG-TERM ASSETS
Property, Plant & Equipment $61.39K $65.09K $22.14K
YoY Change -48.27% -50.48% -84.18%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.218K $11.84K $34.05K
YoY Change 204.37%
Total Long-Term Assets $121.3K $143.2K $140.5K
YoY Change -0.09% 8.96% 0.38%
TOTAL ASSETS
Total Short-Term Assets $187.5K $182.8K $213.7K
Total Long-Term Assets $121.3K $143.2K $140.5K
Total Assets $308.8K $326.0K $354.2K
YoY Change -33.9% -46.01% -27.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.426M $1.443M $1.434M
YoY Change -9.82% -17.64% 3586.04%
Accrued Expenses $39.82K $58.07K $66.84K
YoY Change -24.3% 11.78% 30.27%
Deferred Revenue
YoY Change
Short-Term Debt $243.3K $179.8K $153.3K
YoY Change 52.04%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $2.586M $2.823M $2.781M
YoY Change 9.45% 39.15% 544.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.533M $1.153M $1.132M
YoY Change 48.54% 3.0% 42.84%
Other Long-Term Liabilities $546.7K $510.1K $473.4K
YoY Change 212.69% 921.04% 649.15%
Total Long-Term Liabilities $1.533M $1.153M $1.132M
YoY Change 27.02% -1.4% 32.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.586M $2.823M $2.781M
Total Long-Term Liabilities $1.533M $1.153M $1.132M
Total Liabilities $4.666M $4.487M $4.387M
YoY Change 30.71% 40.27% 240.74%
SHAREHOLDERS EQUITY
Retained Earnings -$8.941M -$8.729M -$8.604M
YoY Change
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.283M -$4.088M -$3.964M
YoY Change
Total Liabilities & Shareholders Equity $308.8K $326.0K $354.2K
YoY Change -33.9% -46.01% -27.89%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income -$213.6K -$128.1K -$192.8K
YoY Change -64.95% -92.89% -41.81%
Depreciation, Depletion And Amortization $3.700K $1.470K $1.476K
YoY Change
Cash From Operating Activities -$396.1K -$72.40K -$143.2K
YoY Change -43.98% -52.57% -68.8%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $44.42K $0.00
YoY Change -1194.09% -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$44.42K $0.00
YoY Change 994.09% -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 400.5K 93.11K $155.1K
YoY Change -34.04% -55.8% -32.02%
NET CHANGE
Cash From Operating Activities -396.1K -72.40K -$143.2K
Cash From Investing Activities 0.000 -44.42K $0.00
Cash From Financing Activities 400.5K 93.11K $155.1K
Net Change In Cash 4.310K -23.71K $11.93K
YoY Change -104.31% -143.96% -104.89%
FREE CASH FLOW
Cash From Operating Activities -$396.1K -$72.40K -$143.2K
Capital Expenditures $0.00 $44.42K $0.00
Free Cash Flow -$396.1K -$116.8K -$143.2K
YoY Change -43.98% -21.38% -67.91%

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The Company A agrees that if the patent is sold or transferred, Men Hwei, Tsai or Men Hwei, Tsai's successor may receive a 25% gain on the transfer or sale of the interest. The Company agrees to give Men Hwei, Tsai an additional 20 million AAGH shares. The Company allows Men Hwei, Tsai to use three years (from November 26, 2022 to November 25, 2025) find investors each with more than US$10 million investment. In case that no investor is found within three years, Men Hwei, Tsai agrees to return the patent to the Company, and both parties will continue to cooperate in accordance with the original contract on May 18, 2021. If Men Hwei, Tsai finds an investor with an investment of at least US$10 million within three years, and the process for Men Hwei, Tsai and its investors to apply for a new drug may last for several years, then Men Hwei, Tsai agrees that the Company will use the patented technology to develop dietary supplement that are helpful to Alzheimer’s disease. The Company will be responsible for marketing the dietary supplement. Men Hwei, Tsai is entitled to commission equaling to 8% of sales price.
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Estimates</b></p><p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p><p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of the financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Significant estimates include accounting for potential liabilities and the assumptions made in valuing stock instruments issued for services, debt and equity investment. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p>
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dei Entity Central Index Key
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Files In Submission

Name View Source Status
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aagh-20221231_lab.xml Edgar Link unprocessable
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aagh-20221231.xsd Edgar Link pending
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