2024 Q4 Form 10-K Financial Statement
#000166357724000297 Filed on November 26, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
Revenue | $626.4K | $3.300M | |
YoY Change | -21.88% | 124.03% | |
Cost Of Revenue | $189.5K | ||
YoY Change | -22.22% | ||
Gross Profit | $3.111M | ||
YoY Change | 153.01% | ||
Gross Profit Margin | 94.26% | ||
Selling, General & Admin | $199.5K | $829.0K | |
YoY Change | -23.76% | -45.02% | |
% of Gross Profit | 26.65% | ||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $477.00 | $3.879K | |
YoY Change | -56.95% | -12.65% | |
% of Gross Profit | 0.12% | ||
Operating Expenses | -$679.1K | -$2.814M | |
YoY Change | -18.17% | -44.07% | |
Operating Profit | -$52.74K | $486.9K | |
YoY Change | 87.3% | -113.69% | |
Interest Expense | $32.28K | ||
YoY Change | 212.87% | ||
% of Operating Profit | 6.63% | ||
Other Income/Expense, Net | $5.003K | ||
YoY Change | -94.11% | ||
Pretax Income | -$50.04K | $542.3K | |
YoY Change | -214.76% | -115.21% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$50.04K | $542.3K | |
YoY Change | -214.76% | -115.21% | |
Net Earnings / Revenue | -7.99% | 16.43% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | |||
COMMON SHARES | |||
Basic Shares Outstanding | 2.281B shares | 2.332B shares | 2.288B shares |
Diluted Shares Outstanding | 2.281B shares | 2.288B shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | |||
YoY Change | |||
Cash & Equivalents | $266.7K | $64.43K | |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | $226.2K | $624.6K | |
Other Receivables | |||
Total Short-Term Assets | $492.9K | $689.0K | |
YoY Change | 54.97% | 488.41% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.898K | $4.375K | |
YoY Change | -45.45% | -47.0% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.729M | $1.660M | |
YoY Change | -26.04% | -33.73% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $492.9K | $689.0K | |
Total Long-Term Assets | $1.729M | $1.660M | |
Total Assets | $2.222M | $2.349M | |
YoY Change | -16.34% | -10.41% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | |||
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $511.8K | $528.4K | |
YoY Change | -54.12% | -52.95% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | |||
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | |||
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $511.8K | $528.4K | |
Total Long-Term Liabilities | |||
Total Liabilities | $810.2K | $889.3K | |
YoY Change | -51.28% | -48.63% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$11.90M | -$11.85M | |
YoY Change | -3.63% | -4.38% | |
Common Stock | $13.31M | $13.31M | |
YoY Change | -0.22% | 0.2% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.412M | $1.460M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $2.222M | $2.349M | |
YoY Change | -16.34% | -10.41% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 | 2024 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$50.04K | $542.3K | |
YoY Change | -214.76% | -115.21% | |
Depreciation, Depletion And Amortization | $477.00 | $3.879K | |
YoY Change | -56.95% | -12.65% | |
Cash From Operating Activities | $241.1K | $162.3K | |
YoY Change | -769.93% | -129.33% | |
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 | $0.00 | ||
YoY Change | -100.0% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -$38.81K | -$215.0K | |
YoY Change | -121.57% | -136.66% | |
NET CHANGE | |||
Cash From Operating Activities | $241.1K | $162.3K | |
Cash From Investing Activities | |||
Cash From Financing Activities | -$38.81K | -$215.0K | |
Net Change In Cash | $202.3K | -$52.67K | |
YoY Change | 40.49% | -260.21% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $241.1K | $162.3K | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
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CY2024 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2288078401 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
866520740 | shares |
CY2024 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2288178401 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
866520740 | shares |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
4021948 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
146475 | usd |
CY2023 | ABQQ |
Series C Preferred Shares Issued Amount
SeriesCPreferredSharesIssuedAmount
|
69000 | usd |
CY2023 | ABQQ |
Stock Issued During Period Penalty In Connection Series C Value
StockIssuedDuringPeriodPenaltyInConnectionSeriesCValue
|
31387 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
209957 | usd |
CY2023 | ABQQ |
Imputed Interest
ImputedInterest
|
10318 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3598097 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
890988 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
890988 | usd |
CY2024 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
45000 | usd |
CY2024 | ABQQ |
Stock Issued During Period Repurchase Common Shares Value
StockIssuedDuringPeriodRepurchaseCommonSharesValue
|
-50699 | usd |
CY2024 | ABQQ |
Imputed Interest
ImputedInterest
|
32282 | usd |
CY2024 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
542331 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1459902 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
|
209957 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
3879 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
4441 | usd |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1660459 | usd |
CY2023 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3048172 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
|
-85000 | usd |
CY2024 | us-gaap |
Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
|
119517 | usd |
CY2024 | us-gaap |
Interest Expense
InterestExpense
|
32282 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
10318 | usd |
CY2023 | ABQQ |
Non Cash Penalty And Dividend Expense For Preferred Shares
NonCashPenaltyAndDividendExpenseForPreferredShares
|
31387 | usd |
CY2024 | us-gaap |
Impairment Of Leasehold
ImpairmentOfLeasehold
|
-9633 | usd |
CY2023 | us-gaap |
Impairment Of Leasehold
ImpairmentOfLeasehold
|
34336 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
624572 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-13035 | usd |
CY2024 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
-745123 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
|
120000 | usd |
CY2024 | us-gaap |
Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
|
695789 | usd |
CY2023 | us-gaap |
Contract With Customer Asset Purchase
ContractWithCustomerAssetPurchase
|
243276 | usd |
CY2024 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-93032 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-137023 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-8739 | usd |
CY2024 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
57000 | usd |
CY2023 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-38000 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
162319 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-553489 | usd |
CY2024 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
-176500 | usd |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
370887 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
146475 | usd |
CY2023 | ABQQ |
Proceeds From Preferred Share C Issuances
ProceedsFromPreferredShareCIssuances
|
69000 | usd |
CY2024 | us-gaap |
Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
|
-38485 | usd |
CY2024 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-214985 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
586362 | usd |
CY2024 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-52666 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
32873 | 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 |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
64430 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
117096 | usd |
CY2023 | ABQQ |
Change Of Rou Assets And Lease Liabilities Due To Cancellation Of Leases
ChangeOfROUAssetsAndLeaseLiabilitiesDueToCancellationOfLeases
|
43489 | usd |
CY2024 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
45000 | usd |
CY2024 | ABQQ |
Net Purchase Deposit With Loans Related Partty Sales Of Software
NetPurchaseDepositWithLoansRelatedParttySalesOfSoftware
|
300000 | usd |
CY2024 | ABQQ |
Unpaid Repurchase Of Common Shares
UnpaidRepurchaseOfCommonShares
|
12214 | usd |
CY2024 | ABQQ |
Expenses Settled By Ceo
ExpensesSettledByCEO
|
6388 | usd |
CY2023 | ABQQ |
Transfer From Long Term Prepayment To Intangible Assets
TransferFromLongTermPrepaymentToIntangibleAssets
|
461724 | usd |
CY2024 | dei |
Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
|
2013-07-29 | |
CY2024 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zxku5mmEqZFl" 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> <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"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #212529"><b>AB INTERNATIONAL GROUP CORP.</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; color: #212529"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></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"><b>NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"> </p> | |
CY2024Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2024 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
0 | usd |
CY2023 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
0 | usd |
CY2024 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2023 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | usd |
CY2024 | us-gaap |
Revenues
Revenues
|
3300467 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
1473222 | usd |
CY2024Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
0 | usd |
CY2023Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
0 | usd |
CY2024Q3 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
1993304434 | usd |
CY2024 | us-gaap |
Reclassifications
Reclassifications
|
<p id="xdx_847_eus-gaap--Reclassifications_zkY4iB0NNpQg" 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; color: #212529"> </p> | |
CY2024Q3 | ABQQ |
Retained Earnings Accumulated Deficit Estimated
RetainedEarningsAccumulatedDeficitEstimated
|
-11800000 | usd |
CY2024Q3 | us-gaap |
Capital
Capital
|
-200000 | usd |
CY2024 | us-gaap |
Depreciation
Depreciation
|
3879 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
4441 | usd |
CY2024Q3 | ABQQ |
Total Cost
TotalCost
|
9525331 | usd |
CY2023Q3 | ABQQ |
Total Cost
TotalCost
|
9018798 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-9154407 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-7563688 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
370924 | usd |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
1455110 | usd |
CY2024 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1660459 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3048172 | usd | |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
|
345767 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
|
25157 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
|
370924 | usd |
CY2024 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
163529 | usd |
CY2023 | us-gaap |
Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
|
291319 | usd |
CY2024Q3 | us-gaap |
Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
|
250555 | usd |
CY2024Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
|
255412 | usd |
CY2024Q3 | us-gaap |
Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
|
107275 | usd |
CY2024Q3 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
613242 | usd |
CY2024Q3 | us-gaap |
Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
|
5093 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
608149 | usd |
CY2024Q3 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
0 | usd |
CY2023Q3 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
0 | usd |
CY2024Q2 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
On April 22, 2024, the Board of Directors approved a reverse split of the Corporation’s issued and outstanding common stock, which has a par value $0.001 per share. The reverse split ratio has been determined at 1 for 2,000 shares. The effectiveness of this reverse split is contingent upon receiving approval from the Financial Industry Regulatory Authorization (FINRA | |
CY2024Q3 | ABQQ |
Stockholders Equity Reverse Stock Split Cancellation
StockholdersEquityReverseStockSplitCancellation
|
On August 19, 2024, the Board of Directors decided to cancel the company's upcoming 1-for 2,000 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 | |
CY2024Q3 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
50699 | usd |
CY2024 | us-gaap |
Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
1000000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
10000000000 | shares |
CY2023Q2 | us-gaap |
Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
|
On June 12, 2023, the Board of Directors approved a reverse split for the Company’s issued and outstanding common stock, at a ratio of 1 share for every 10,000 shares, contingent upon receiving a market effectiveness date from FINRA | |
CY2023Q3 | ABQQ |
Stockholders Equity Reverse Stock Split Cancellation
StockholdersEquityReverseStockSplitCancellation
|
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 shareholders or the Company to execute a reverse split at this time. The Company informed FINRA that it will not be moving forward with the reverse split withdrew its application | |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
2281266321 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
2281266321 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1285283385 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1285283385 | shares |
CY2024 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
0 | usd |
CY2023 | us-gaap |
Dividends Share Based Compensation
DividendsShareBasedCompensation
|
31387 | usd |
CY2024 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1963323 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
2077213 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1963323 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2077213 | usd |
CY2024Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1963323 | usd |
CY2023Q3 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
2077213 | usd |
CY2024 | 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 At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2024 | 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 Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
0.21 | pure |
CY2024 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0 | pure |
CY2024Q3 | ABQQ |
Hong Kong Deposit Protection
HongKongDepositProtection
|
64000 | usd |
CY2024Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
0 | usd |
CY2023Q3 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
92972 | usd |
CY2024Q3 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | usd |
CY2024Q3 | us-gaap |
Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
|
64430 | usd |
CY2023Q3 | us-gaap |
Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
|
24124 | usd |
CY2024 | us-gaap |
Revenues
Revenues
|
3300467 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
1473222 | usd |
CY2024 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
119517 | usd |
CY2024 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
189500 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
243635 | usd |
CY2024 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1664338 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
3052613 | usd |
CY2024 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
31588 | usd |
CY2023 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
9578 | usd |
CY2024 | us-gaap |
Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
2349170 | usd |
CY2023 | us-gaap |
Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
|
2622080 | usd |
CY2024 | ABQQ |
Segment Income Loss
SegmentIncomeLoss
|
542331 | usd |
CY2023 | ABQQ |
Segment Income Loss
SegmentIncomeLoss
|
-3566710 | usd |