$ABQQ
AB INTERNATIONAL GROUP CORP.

2024 Q2 Form 10-Q Financial Statement

#000166357724000113 Filed on April 15, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $698.3K $385.3K
YoY Change 21.79% 29.09%
Cost Of Revenue $32.32K $62.73K
YoY Change -96.02% -93.12%
Gross Profit $666.0K $322.5K
YoY Change -379.06% -152.56%
Gross Profit Margin 95.37% 83.72%
Selling, General & Admin $161.6K $249.9K
YoY Change -60.16% -34.17%
% of Gross Profit 24.26% 77.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $370.1K $561.8K
YoY Change -50.11% 50602.17%
% of Gross Profit 55.57% 174.18%
Operating Expenses -$562.9K -$873.3K
YoY Change -238.81% 94.01%
Operating Profit $135.4K -$488.1K
YoY Change -121.02% -54.12%
Interest Expense -$5.170K -$6.850K
YoY Change -1620.59% -8770.89%
% of Operating Profit -3.82%
Other Income/Expense, Net $2.780K
YoY Change
Pretax Income $133.0K -$494.9K
YoY Change -120.66% -53.47%
Income Tax
% Of Pretax Income
Net Earnings $133.0K -$494.9K
YoY Change -120.54% -53.47%
Net Earnings / Revenue 19.05% -128.47%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 2.332B shares 2.567B shares
Diluted Shares Outstanding 2.332B shares 2.502B shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $165.4K $33.67K
YoY Change 22.68% -79.7%
Cash & Equivalents $165.4K $33.67K
Short-Term Investments
Other Short-Term Assets $30.00K
YoY Change 216.46%
Inventory
Prepaid Expenses $30.00K
Receivables $254.7K
Other Receivables $0.00
Total Short-Term Assets $420.1K $63.67K
YoY Change -6.05% -88.11%
LONG-TERM ASSETS
Property, Plant & Equipment $4.929K $6.038K
YoY Change -99.4% -42.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $76.01K $46.01K
YoY Change 68.02% 1.7%
Total Long-Term Assets $1.335M $1.726M
YoY Change -53.05% -52.74%
TOTAL ASSETS
Total Short-Term Assets $420.1K $63.67K
Total Long-Term Assets $1.335M $1.726M
Total Assets $1.756M $1.790M
YoY Change -46.66% -57.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $130.7K $152.4K
YoY Change 2.76% 15.53%
Accrued Expenses $245.7K $244.1K
YoY Change -2.47% 2.68%
Deferred Revenue
YoY Change
Short-Term Debt $286.7K $319.6K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $688.6K $798.6K
YoY Change -37.99% -39.44%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $423.4K $485.7K
YoY Change -36.72% -34.43%
Total Long-Term Liabilities $423.4K $485.7K
YoY Change -36.72% -34.43%
TOTAL LIABILITIES
Total Short-Term Liabilities $688.6K $798.6K
Total Long-Term Liabilities $423.4K $485.7K
Total Liabilities $1.112M $1.284M
YoY Change -37.51% -37.64%
SHAREHOLDERS EQUITY
Retained Earnings -$12.71M -$12.84M
YoY Change 8.45% 16.0%
Common Stock $13.35M $13.34M
YoY Change 0.74% 0.73%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $643.7K $505.5K
YoY Change
Total Liabilities & Shareholders Equity $1.756M $1.790M
YoY Change -46.66% -57.26%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $133.0K -$494.9K
YoY Change -120.54% -53.47%
Depreciation, Depletion And Amortization $370.1K $561.8K
YoY Change -50.11% 50602.17%
Cash From Operating Activities $164.6K -$3.710K
YoY Change -16.73% -99.16%
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
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -32.88K -223.7K
YoY Change -85.63% -138.03%
NET CHANGE
Cash From Operating Activities 164.6K -3.710K
Cash From Investing Activities
Cash From Financing Activities -32.88K -223.7K
Net Change In Cash 131.8K -227.4K
YoY Change -524.48% -256.15%
FREE CASH FLOW
Cash From Operating Activities $164.6K -$3.710K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Salaries Wages And Officers Compensation
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CY2023Q3 ABQQ Stockholders Equity Reverse Stock Split Cancellation
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On September 8, 2023, however, the Board of Directors decided to cancel the company's upcoming 10,000 to 1 reverse split. The Board of Directors decided it would not be in the best interest of the stockholders or the Company to execute a reverse split at this time. The Company plans to inform FINRA that it will not be moving forward with the reverse split and will withdraw its application
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CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
561781 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
856852 usd
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
6848 usd
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
-79 usd
CY2024Q1 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
1789745 usd

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