2023 Q3 Form 10-K Financial Statement

#000118518523001064 Filed on October 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023
Revenue $13.81K $74.69K $204.3K
YoY Change -73.41% -28.63% 95.23%
Cost Of Revenue $177.00 $30.00 $35.72K
YoY Change -99.36% -100.0% -97.75%
Gross Profit $13.63K $74.66K $168.6K
YoY Change -44.22% -105.03% -111.36%
Gross Profit Margin 98.72% 99.96% 82.52%
Selling, General & Admin $88.57K $232.2K $661.2K
YoY Change -41.98% -92.85% -79.66%
% of Gross Profit 649.76% 311.06% 392.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.697K $3.700K $10.35K
YoY Change 150.47% -37.39% 75.21%
% of Gross Profit 27.12% 4.96% 6.14%
Operating Expenses $88.57K $232.2K $661.2K
YoY Change -41.98% -92.85% -79.66%
Operating Profit -$74.94K -$157.6K -$492.6K
YoY Change -41.56% -96.67% -89.59%
Interest Expense $82.05K -$85.22K $319.7K
YoY Change 27.13% -55.36% 67.46%
% of Operating Profit
Other Income/Expense, Net -$82.04K -$20.00 -$284.7K
YoY Change 27.13% -128.57% 49.18%
Pretax Income -$157.0K -$242.8K -$777.3K
YoY Change -18.56% -95.07% -84.22%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$157.0K -$241.8K -$777.3K
YoY Change -18.56% -95.03% -84.22%
Net Earnings / Revenue -1136.88% -323.72% -380.47%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 21.11B shares 21.09B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3 2023 Q2 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.63K $54.15K $54.15K
YoY Change -26.74% -13.55% -13.55%
Cash & Equivalents $54.63K $54.15K
Short-Term Investments
Other Short-Term Assets $16.97K $16.96K $16.96K
YoY Change 0.0% 0.0% 0.0%
Inventory $108.2K $108.4K $108.4K
Prepaid Expenses
Receivables $0.00 $0.00 $0.00
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $179.8K $179.5K $179.5K
YoY Change -15.88% -8.71% -8.71%
LONG-TERM ASSETS
Property, Plant & Equipment $54.00K $57.69K $99.61K
YoY Change 143.86% 144.27% -15.23%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.218K $8.218K $11.84K
YoY Change -75.86% -40.6% -14.45%
Total Long-Term Assets $97.15K $119.7K $119.7K
YoY Change -30.85% -14.26% -14.25%
TOTAL ASSETS
Total Short-Term Assets $179.8K $179.5K $179.5K
Total Long-Term Assets $97.15K $119.7K $119.7K
Total Assets $276.9K $299.1K $299.1K
YoY Change -21.81% -11.01% -11.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.448M $1.451M $1.451M
YoY Change 0.96% 0.91% 0.91%
Accrued Expenses $23.10K $41.92K $41.92K
YoY Change -65.44% -40.87% -40.87%
Deferred Revenue
YoY Change
Short-Term Debt $690.6K $705.2K $705.2K
YoY Change 350.35% 283.41% 283.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.150M $3.092M $3.092M
YoY Change 13.25% 12.13% 12.13%
LONG-TERM LIABILITIES
Long-Term Debt $1.123M $1.123M $1.123M
YoY Change -0.79% 8.82% 8.82%
Other Long-Term Liabilities $684.0K $609.9K $609.9K
YoY Change 44.48% 49.83% 49.83%
Total Long-Term Liabilities $1.123M $1.733M $1.733M
YoY Change -0.79% 20.42% 20.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.150M $3.092M $3.092M
Total Long-Term Liabilities $1.123M $1.733M $1.733M
Total Liabilities $4.957M $4.825M $4.750M
YoY Change 12.99% 14.97% 14.8%
SHAREHOLDERS EQUITY
Retained Earnings -$9.339M -$9.183M
YoY Change 8.55% 9.04%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.605M -$4.451M -$4.451M
YoY Change
Total Liabilities & Shareholders Equity $276.9K $299.1K $299.1K
YoY Change -21.81% -11.01% -11.01%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023
OPERATING ACTIVITIES
Net Income -$157.0K -$241.8K -$777.3K
YoY Change -18.56% -95.03% -84.22%
Depreciation, Depletion And Amortization $3.697K $3.700K $10.35K
YoY Change 150.47% -37.39% 75.21%
Cash From Operating Activities -$120.8K -$141.1K -$752.9K
YoY Change -15.66% -12.32% -49.12%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $44.42K
YoY Change 163.6%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$44.42K
YoY Change 163.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $92.08K
YoY Change -5.56%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $118.5K 140.7K $789.3K
YoY Change -23.59% 20.11% -32.13%
NET CHANGE
Cash From Operating Activities -$120.8K -141.1K -$752.9K
Cash From Investing Activities $0.00 0.000 -$44.42K
Cash From Financing Activities $118.5K 140.7K $789.3K
Net Change In Cash $476.00 -450.0 -$7.994K
YoY Change -96.01% -98.97% -97.6%
FREE CASH FLOW
Cash From Operating Activities -$120.8K -$141.1K -$752.9K
Capital Expenditures $0.00 $0.00 $44.42K
Free Cash Flow -$120.8K -$141.1K -$797.3K
YoY Change -15.66% -12.32% -46.73%

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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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