$ABQQ
AB INTERNATIONAL GROUP CORP. Stock $abqq

$abqq Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-K Financial Statement

#000166357723000552 Filed on November 29, 2023

Income Statement

Concept	2023 Q4	2023 Q3	2023
Revenue	$801.7K	$364.6K	$1.473M
YoY Change	238.56%	-58.19%	-49.69%
Cost Of Revenue	$41.36K	$621.8K	$243.6K
YoY Change	-95.63%	-36.95%	-92.44%
Gross Profit	$760.4K	-$257.2K	$1.230M
YoY Change	-207.23%	125.13%	-518.53%
Gross Profit Margin	94.84%	-70.56%	83.46%
Selling, General & Admin	$261.7K	$387.9K	$1.508M
YoY Change	-38.35%	33.89%	26.68%
% of Gross Profit	34.42%		122.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$1.108K	$529.3K	$4.441K
YoY Change	-0.72%	-46.39%	-89.17%
% of Gross Profit	0.15%		0.36%
Operating Expenses	-$829.9K	$387.9K	-$5.030M
YoY Change	67.65%	33.89%	189.43%
Operating Profit	-$28.16K	-$645.1K	-$3.557M
YoY Change	-97.66%	59.69%	75.07%
Interest Expense	-$13.24K	-$10.07K	$10.32K
YoY Change	-16859.49%	4095.83%
% of Operating Profit
Other Income/Expense, Net	$85.00K	$0.00	$0.00
YoY Change			-100.0%
Pretax Income	$43.60K	-$655.2K	-$3.567M
YoY Change	-103.62%	62.09%	64.06%
Income Tax		$0.00
% Of Pretax Income
Net Earnings	$43.60K	-$672.0K	-$3.567M
YoY Change	-103.62%	66.26%	64.06%
Net Earnings / Revenue	5.44%	-184.33%	-242.1%
Basic Earnings Per Share
Diluted Earnings Per Share	$0.00	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	2.567B shares		866.5M shares
Diluted Shares Outstanding	2.008B shares		866.5M shares

Balance Sheet

Concept	2023 Q4	2023 Q3	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$261.1K	$117.1K	$117.1K
YoY Change	1189.97%	39.04%	39.04%
Cash & Equivalents	$261.1K	$117.1K	$117.1K
Short-Term Investments
Other Short-Term Assets		$0.00	$0.00
YoY Change		-100.0%	-100.0%
Inventory
Prepaid Expenses
Receivables	$57.00K
Other Receivables	$0.00
Total Short-Term Assets	$318.1K	$117.1K	$117.1K
YoY Change	114.6%	20.4%	20.4%
LONG-TERM ASSETS
Property, Plant & Equipment	$7.146K	$8.254K	$704.6K
YoY Change	-38.28%	-34.98%	-30.7%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$46.01K	$345.2K	$345.2K
YoY Change	-91.93%	-62.76%	-62.76%
Total Long-Term Assets	$2.338M	$2.505M	$2.505M
YoY Change	-53.19%	-56.37%	-56.37%
TOTAL ASSETS
Total Short-Term Assets	$318.1K	$117.1K	$117.1K
Total Long-Term Assets	$2.338M	$2.505M	$2.505M
Total Assets	$2.656M	$2.622M	$2.622M
YoY Change	-48.35%	-55.1%	-55.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$341.7K	$156.8K	$156.8K
YoY Change	-39.46%	-46.64%	-46.64%
Accrued Expenses	$230.7K	$211.5K	$211.5K
YoY Change	0.04%	-7.96%	-7.96%
Deferred Revenue
YoY Change
Short-Term Debt	$543.3K	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$1.116M	$1.123M	$1.123M
YoY Change	-8.68%	17.69%	17.69%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$547.2K	$608.2K	$608.2K
YoY Change	-32.04%	-29.54%	-29.54%
Total Long-Term Liabilities	$547.2K	$608.2K	$608.2K
YoY Change	-32.04%	-29.54%	-29.54%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.116M	$1.123M	$1.123M
Total Long-Term Liabilities	$547.2K	$608.2K	$608.2K
Total Liabilities	$1.663M	$1.731M	$1.731M
YoY Change	-17.96%	-4.74%	-4.74%
SHAREHOLDERS EQUITY
Retained Earnings	-$12.34M	-$12.39M
YoY Change	23.45%	40.93%
Common Stock	$13.34M	$13.28M
YoY Change	0.72%	1.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$993.5K	$891.0K	$891.0K
YoY Change
Total Liabilities & Shareholders Equity	$2.656M	$2.622M	$2.622M
YoY Change	-48.35%	-55.1%	-55.1%

Cashflow Statement

Concept	2023 Q4	2023 Q3	2023
OPERATING ACTIVITIES
Net Income	$43.60K	-$672.0K	-$3.567M
YoY Change	-103.62%	66.26%	64.06%
Depreciation, Depletion And Amortization	$1.108K	$529.3K	$4.441K
YoY Change	-0.72%	-46.39%	-89.17%
Cash From Operating Activities	-$35.99K	-$86.48K	-$553.5K
YoY Change	-83.8%	-91.54%	-63.1%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$146.5K
YoY Change			-53.96%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$180.0K	68.73K	$586.4K
YoY Change	13.8%	-84.87%	-59.62%
NET CHANGE
Cash From Operating Activities	-$35.99K	-86.48K	-$553.5K
Cash From Investing Activities
Cash From Financing Activities	$180.0K	68.73K	$586.4K
Net Change In Cash	$144.0K	-17.75K	$32.87K
YoY Change	-325.05%	-93.83%	-168.44%
FREE CASH FLOW
Cash From Operating Activities	-$35.99K	-$86.48K	-$553.5K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-08-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	000-55979
CY2023	dei	Entity Registrant Name EntityRegistrantName	AB International Group Corp.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	37-1740351
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	144 Main Street
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Mt. Kisco
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
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CY2023	dei	City Area Code CityAreaCode	(914)
CY2023	dei	Local Phone Number LocalPhoneNumber	202-3108
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
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CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
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CY2023	dei	Auditor Name AuditorName	Prager Metis CPAs, LLC
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CY2023	dei	Auditor Firm AuditorFirmId	273
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CY2023	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-38000	usd
CY2022	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	38000	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-553489	usd
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1500168	usd
CY2023	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	370887	usd
CY2022	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	375051	usd
CY2023	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	146475	usd
CY2022	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	318141	usd
CY2023	ABQQ	Proceeds From Preferred Share C Issuances ProceedsFromPreferredShareCIssuances	69000	usd
CY2022	ABQQ	Proceeds From Preferred Share C Issuances ProceedsFromPreferredShareCIssuances	586906	usd
CY2022	ABQQ	Proceeds From Preferred Share D Issuances ProceedsFromPreferredShareDIssuances	172040	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	586362	usd
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1452138	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	32873	usd
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-48030	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	84223	usd
CY2021Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	132253	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	117096	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	84223	usd
CY2022	us-gaap	Interest Paid Net InterestPaidNet	239	usd
CY2023	ABQQ	Change Of Rou Assets And Lease Liabilities Due To Cancellation Of Leases ChangeOfROUAssetsAndLeaseLiabilitiesDueToCancellationOfLeases	43489	usd
CY2023	ABQQ	Transfer From Purchase Depositt To Intangible Assets TransferFromPurchaseDeposittToIntangibleAssets	461724	usd
CY2022	ABQQ	Transfer From Purchase Depositt To Intangible Assets TransferFromPurchaseDeposittToIntangibleAssets	1406385	usd
CY2022	us-gaap	Right Of Use Asset Obtained In Exchange For Finance Lease Liability RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability	1207789	usd
CY2023	dei	Entity Incorporation Date Of Incorporation EntityIncorporationDateOfIncorporation	2013-07-29
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_84A_eus-gaap--UseOfEstimates_zUZKoHAgCD43" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="text-decoration: underline">Use of Estimates</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p>
CY2023	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	0	usd
CY2022	us-gaap	Allowance For Doubtful Accounts Receivable Write Offs AllowanceForDoubtfulAccountsReceivableWriteOffs	0	usd
CY2023	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	usd
CY2022	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	usd
CY2023Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0	usd
CY2022Q3	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	0	usd
CY2023	us-gaap	Revenues Revenues	1473222	usd
CY2022	us-gaap	Revenues Revenues	2928000	usd
CY2023Q3	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	50000000	usd
CY2023	us-gaap	Reclassifications Reclassifications	<p id="xdx_847_eus-gaap--Reclassifications_zJYTZCoKtf5k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><span style="text-decoration: underline">Reclassification</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">Certain prior period amounts have been reclassified to conform to the current period presentation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
CY2023Q3	ABQQ	Retained Earnings Accumulated Deficit Estimated RetainedEarningsAccumulatedDeficitEstimated	12.4	usd
CY2023Q3	us-gaap	Capital Capital	-1.0	usd
CY2023	ABQQ	Net Income Loss Estimated NetIncomeLossEstimated	3.6	usd
CY2023	ABQQ	Net Cash Used In Operations Approximate NetCashUsedInOperationsApproximate	0.6	usd
CY2023	us-gaap	Depreciation Depreciation	4441	usd
CY2022	us-gaap	Depreciation Depreciation	41010	usd
CY2023Q3	ABQQ	Total Cost Of Intangible Assets TotalCostOfIntangibleAssets	9018798	usd
CY2022Q3	ABQQ	Total Cost Of Intangible Assets TotalCostOfIntangibleAssets	8313798	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	-7563688	usd
CY2022Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	-4515516	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1455110	usd
CY2022Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3798282	usd
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	-3048172	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	-3221789	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths	1362610	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Two FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo	92500	usd
CY2023Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Three FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree	1455110	usd
CY2023	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	291319	usd
CY2022	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	289411	usd
CY2023Q3	us-gaap	Operating Leases Future Minimum Payments Due In Rolling Year Two OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo	216364	usd
CY2023Q3	us-gaap	Operating Leases Future Minimum Payments Due In Rolling Year Three OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree	250555	usd
CY2023Q3	us-gaap	Operating Leases Future Minimum Payments Due In Rolling Year Four OperatingLeasesFutureMinimumPaymentsDueInRollingYearFour	255412	usd
CY2023Q3	us-gaap	Operating Leases Future Minimum Payments Due In Rolling Year Five OperatingLeasesFutureMinimumPaymentsDueInRollingYearFive	107275	usd
CY2023Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	829606	usd
CY2023Q3	us-gaap	Receivable With Imputed Interest Discount ReceivableWithImputedInterestDiscount	9950	usd
CY2023Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	819656	usd
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	1000000000	shares
CY2022Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	10000000000	shares
CY2023	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	31387	usd
CY2022	us-gaap	Dividends Share Based Compensation DividendsShareBasedCompensation	36952	usd
CY2022	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	-36952	usd
CY2021	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	-25835	usd
	us-gaap	Income Tax Examination Penalties Expense IncomeTaxExaminationPenaltiesExpense	141945	usd
CY2023Q3	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	2077213	usd
CY2022Q3	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	1328204	usd
CY2023Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2077213	usd
CY2022Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1328204	usd
CY2023Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	2077213	usd
CY2022Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	1328204	usd
CY2023	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.21	pure
CY2022	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	0.21	pure
CY2023	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2022	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2023Q3	us-gaap	Accounts Receivable Net AccountsReceivableNet	0	usd
CY2022Q3	us-gaap	Accounts Receivable Net AccountsReceivableNet	0	usd
CY2023Q3	ABQQ	Hong Kong Deposit Protection HongKongDepositProtection	64000	usd
CY2023Q3	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	92972	usd
CY2022Q3	us-gaap	Cash Equivalents At Carrying Value CashEquivalentsAtCarryingValue	70602	usd
CY2023Q3	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023Q3	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	24124	usd
CY2022Q3	us-gaap	Fair Value Concentration Of Risk Cash And Cash Equivalents FairValueConcentrationOfRiskCashAndCashEquivalents	13621	usd
CY2023	us-gaap	Revenues Revenues	1473222	usd
CY2022	us-gaap	Revenues Revenues	2928000	usd
CY2023	us-gaap	Cost Of Revenue CostOfRevenue	243635	usd
CY2023	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3052613	usd
CY2022	us-gaap	Depreciation And Amortization DepreciationAndAmortization	3262799	usd
CY2023	us-gaap	Interest Expense Debt InterestExpenseDebt	9578	usd
CY2022	us-gaap	Interest Expense Debt InterestExpenseDebt	239	usd
CY2023	us-gaap	Proceeds From Divestiture Of Businesses And Interests In Affiliates ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates	2622080	usd
CY2022	us-gaap	Proceeds From Divestiture Of Businesses And Interests In Affiliates ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates	5839217	usd
CY2023	ABQQ	Segment Income Loss SegmentIncomeLoss	-3566710	usd
CY2022	ABQQ	Segment Income Loss SegmentIncomeLoss	-2173971	usd

Files In Submission

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abqq-20230831_def.xml	Edgar Link	unprocessable
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abqq10k_083123_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$ABQQ
AB INTERNATIONAL GROUP CORP. Stock $abqq

2023 Q4 Form 10-K Financial Statement

#000166357723000552 Filed on November 29, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABQQ AB INTERNATIONAL GROUP CORP. Stock $abqq

2023 Q4 Form 10-K Financial Statement

#000166357723000552 Filed on November 29, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ABQQ
AB INTERNATIONAL GROUP CORP. Stock $abqq