2023 Q3 Form 10-Q Financial Statement

#000118518523001220 Filed on November 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q3
Revenue $13.81K
YoY Change -73.41%
Cost Of Revenue $177.00
YoY Change -99.36%
Gross Profit $13.63K
YoY Change -44.22%
Gross Profit Margin 98.72%
Selling, General & Admin $88.57K
YoY Change -41.98%
% of Gross Profit 649.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.697K
YoY Change 150.47%
% of Gross Profit 27.12%
Operating Expenses $88.57K
YoY Change -41.98%
Operating Profit -$74.94K
YoY Change -41.56%
Interest Expense $82.05K
YoY Change 27.13%
% of Operating Profit
Other Income/Expense, Net -$82.04K
YoY Change 27.13%
Pretax Income -$157.0K
YoY Change -18.56%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$157.0K
YoY Change -18.56%
Net Earnings / Revenue -1136.88%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 21.11B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.63K
YoY Change -26.74%
Cash & Equivalents $54.63K
Short-Term Investments
Other Short-Term Assets $16.97K
YoY Change 0.0%
Inventory $108.2K
Prepaid Expenses
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $179.8K
YoY Change -15.88%
LONG-TERM ASSETS
Property, Plant & Equipment $54.00K
YoY Change 143.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $8.218K
YoY Change -75.86%
Total Long-Term Assets $97.15K
YoY Change -30.85%
TOTAL ASSETS
Total Short-Term Assets $179.8K
Total Long-Term Assets $97.15K
Total Assets $276.9K
YoY Change -21.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.448M
YoY Change 0.96%
Accrued Expenses $23.10K
YoY Change -65.44%
Deferred Revenue
YoY Change
Short-Term Debt $690.6K
YoY Change 350.35%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.150M
YoY Change 13.25%
LONG-TERM LIABILITIES
Long-Term Debt $1.123M
YoY Change -0.79%
Other Long-Term Liabilities $684.0K
YoY Change 44.48%
Total Long-Term Liabilities $1.123M
YoY Change -0.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.150M
Total Long-Term Liabilities $1.123M
Total Liabilities $4.957M
YoY Change 12.99%
SHAREHOLDERS EQUITY
Retained Earnings -$9.339M
YoY Change 8.55%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$4.605M
YoY Change
Total Liabilities & Shareholders Equity $276.9K
YoY Change -21.81%

Cashflow Statement

Concept 2023 Q3
OPERATING ACTIVITIES
Net Income -$157.0K
YoY Change -18.56%
Depreciation, Depletion And Amortization $3.697K
YoY Change 150.47%
Cash From Operating Activities -$120.8K
YoY Change -15.66%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $118.5K
YoY Change -23.59%
NET CHANGE
Cash From Operating Activities -$120.8K
Cash From Investing Activities $0.00
Cash From Financing Activities $118.5K
Net Change In Cash $476.00
YoY Change -96.01%
FREE CASH FLOW
Cash From Operating Activities -$120.8K
Capital Expenditures $0.00
Free Cash Flow -$120.8K
YoY Change -15.66%

Facts In Submission

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CY2017Q1 us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
100 usd
CY2020Q2 us-gaap Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
510000000 shares
CY2021Q3 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
50000 usd
CY2021Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
53 pure
CY2021Q3 us-gaap Number Of Real Estate Properties
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19 pure
CY2021Q3 us-gaap Real Estate Gross At Carrying Value
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7626286.37 usd
CY2021Q3 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
7000000 usd
CY2021Q3 aagh Real Estate Description Of Terms
RealEstateDescriptionOfTerms
$1,000,000 on execution of the Agreement, (ii) $2,000,000 within 60 days thereof and (iii) the remainder by April 10, 2022. The Agreement is subject to customary closing conditions, including, satisfactory due diligence. On September 9, 2021, the Company entered into a Supplemental Assets Acquisition Agreement with Wang’s Property Investment & Management LLC to amend and clarify that (i) it was purchasing 19 real estate properties which includes 53 units appraised at $7,626,286.37 for a purchase price of $7,000,000 and (ii) that it will waive and not conduct due diligence in order for the transaction to proceed. The acquisition has not been consummated.
CY2021Q4 aagh Class Of Warrant Or Rights Granted
ClassOfWarrantOrRightsGranted
500000 shares
CY2021Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.01
CY2021Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P24M
CY2022Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
500000 shares
CY2021Q4 us-gaap Investment Owned Balance Shares
InvestmentOwnedBalanceShares
20000000 shares
CY2022Q4 aagh Agreement Description
AgreementDescription
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.
CY2022Q4 us-gaap Other Commitment
OtherCommitment
34978.48 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-156980 usd
CY2023Q3 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-120808 usd
CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-4680038 usd
CY2023Q3 us-gaap Cash
Cash
54626 usd
CY2023Q2 us-gaap Other Receivables
OtherReceivables
11836 usd
CY2023Q3 us-gaap Other Receivables
OtherReceivables
11836 usd
CY2023Q3 us-gaap Use Of Estimates
UseOfEstimates
<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;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>
CY2023Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1 pure
CY2023Q3 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1 pure
CY2023Q3 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
3884 usd
CY2023Q2 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
4087 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
108174 usd
CY2022Q3 us-gaap Inventory Net
InventoryNet
108351 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
65900 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
65900 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
42274 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
42451 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
108174 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
108351 usd
CY2023Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
690551 usd
CY2023Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
705216 usd
CY2023 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1123138 usd
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1123138 usd
CY2023Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.20 pure
CY2022Q3 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.16 pure
CY2023Q3 us-gaap Long Term Debt Term
LongTermDebtTerm
P5Y
CY2023Q3 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
1123138 usd
CY2023Q3 us-gaap Interest Expense Debt
InterestExpenseDebt
459079 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
1582217 usd
CY2021Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.20 pure
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
20277 usd
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21107018148 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21107018148 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
21090218148 shares
CY2023Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
21090218148 shares
CY2022Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1300000 shares
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
0.075
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
18896 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y14D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23423 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
14603 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
8820 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
23423 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
319 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
23104 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23104 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
0 usd
CY2023Q3 dei Amendment Flag
AmendmentFlag
false
CY2023Q3 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2023Q3 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2023Q3 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
CY2023Q3 dei Entity Central Index Key
EntityCentralIndexKey
0001098009

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