2025 Q1 Form 10-Q Financial Statement

#000166357725000023 Filed on January 14, 2025

View on sec.gov

Income Statement

Concept 2025 Q1 2024 Q4 2023 Q4
Revenue $626.4K $801.7K
YoY Change -21.88% 238.56%
Cost Of Revenue $41.36K
YoY Change -95.63%
Gross Profit $760.4K
YoY Change -207.23%
Gross Profit Margin 94.84%
Selling, General & Admin $199.5K $261.7K
YoY Change -23.76% -38.35%
% of Gross Profit 34.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $477.00 $1.108K
YoY Change -56.95% -0.72%
% of Gross Profit 0.15%
Operating Expenses -$679.1K -$829.9K
YoY Change -18.17% 67.65%
Operating Profit -$52.74K -$28.16K
YoY Change 87.3% -97.66%
Interest Expense -$13.24K
YoY Change -16859.49%
% of Operating Profit
Other Income/Expense, Net $5.003K $85.00K
YoY Change -94.11%
Pretax Income -$50.04K $43.60K
YoY Change -214.76% -103.62%
Income Tax
% Of Pretax Income
Net Earnings -$50.04K $43.60K
YoY Change -214.76% -103.62%
Net Earnings / Revenue -7.99% 5.44%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 2.281B shares 2.281B shares 2.567B shares
Diluted Shares Outstanding 2.281B shares 2.008B shares

Balance Sheet

Concept 2025 Q1 2024 Q4 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $261.1K
YoY Change 1189.97%
Cash & Equivalents $266.7K $261.1K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $226.2K $57.00K
Other Receivables $0.00
Total Short-Term Assets $492.9K $318.1K
YoY Change 54.97% 114.6%
LONG-TERM ASSETS
Property, Plant & Equipment $3.898K $7.146K
YoY Change -45.45% -38.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $46.01K
YoY Change -91.93%
Total Long-Term Assets $1.729M $2.338M
YoY Change -26.04% -53.19%
TOTAL ASSETS
Total Short-Term Assets $492.9K $318.1K
Total Long-Term Assets $1.729M $2.338M
Total Assets $2.222M $2.656M
YoY Change -16.34% -48.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $341.7K
YoY Change -39.46%
Accrued Expenses $230.7K
YoY Change 0.04%
Deferred Revenue
YoY Change
Short-Term Debt $543.3K
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $511.8K $1.116M
YoY Change -54.12% -8.68%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $547.2K
YoY Change -32.04%
Total Long-Term Liabilities $547.2K
YoY Change -32.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $511.8K $1.116M
Total Long-Term Liabilities $547.2K
Total Liabilities $810.2K $1.663M
YoY Change -51.28% -17.96%
SHAREHOLDERS EQUITY
Retained Earnings -$11.90M -$12.34M
YoY Change -3.63% 23.45%
Common Stock $13.31M $13.34M
YoY Change -0.22% 0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.412M $993.5K
YoY Change
Total Liabilities & Shareholders Equity $2.222M $2.656M
YoY Change -16.34% -48.35%

Cashflow Statement

Concept 2025 Q1 2024 Q4 2023 Q4
OPERATING ACTIVITIES
Net Income -$50.04K $43.60K
YoY Change -214.76% -103.62%
Depreciation, Depletion And Amortization $477.00 $1.108K
YoY Change -56.95% -0.72%
Cash From Operating Activities $241.1K -$35.99K
YoY Change -769.93% -83.8%
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 -$38.81K $180.0K
YoY Change -121.57% 13.8%
NET CHANGE
Cash From Operating Activities $241.1K -$35.99K
Cash From Investing Activities
Cash From Financing Activities -$38.81K $180.0K
Net Change In Cash $202.3K $144.0K
YoY Change 40.49% -325.05%
FREE CASH FLOW
Cash From Operating Activities $241.1K -$35.99K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2024Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
154722 usd
CY2023Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
511809 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
256373 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
39945 usd
CY2024Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
296318 usd
CY2024Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
32839 usd
CY2023Q4 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
52449 usd
CY2024Q4 us-gaap Operating Leases Future Minimum Payments Next Rolling Twelve Months
OperatingLeasesFutureMinimumPaymentsNextRollingTwelveMonths
251748 usd
CY2024Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Two
OperatingLeasesFutureMinimumPaymentsDueInRollingYearTwo
256642 usd
CY2024Q4 us-gaap Operating Leases Future Minimum Payments Due In Rolling Year Three
OperatingLeasesFutureMinimumPaymentsDueInRollingYearThree
42910 usd
CY2024Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
551300 usd
CY2024Q4 us-gaap Receivable With Imputed Interest Discount
ReceivableWithImputedInterestDiscount
4119 usd
CY2024Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
547181 usd
CY2023Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
85000 usd
CY2024Q4 us-gaap Other Loans Payable
OtherLoansPayable
0 usd
CY2024Q3 us-gaap Other Loans Payable
OtherLoansPayable
0 usd
CY2024Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2281266321 shares
CY2024Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2281266321 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2281266321 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2281266321 shares
CY2024Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1973831 usd
CY2024Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1963323 usd
CY2024Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1973831 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1963323 usd
CY2024Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1973831 usd
CY2024Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1963323 usd
CY2024Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2024Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.21 pure
CY2023Q4 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.21 pure
CY2024Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2023Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0 pure
CY2024Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000 usd
CY2024Q4 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
266726 usd
CY2024Q3 us-gaap Fair Value Concentration Of Risk Cash And Cash Equivalents
FairValueConcentrationOfRiskCashAndCashEquivalents
64430 usd
CY2024Q4 us-gaap Revenues
Revenues
626350 usd
CY2023Q4 us-gaap Revenues
Revenues
801747 usd
CY2024Q4 us-gaap Costs And Expenses
CostsAndExpenses
279884 usd
CY2024Q4 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
44960 usd
CY2023Q4 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
41355 usd
CY2024Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
155199 usd
CY2023Q4 us-gaap Depreciation And Amortization
DepreciationAndAmortization
512917 usd
CY2024Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
2298 usd
CY2023Q4 us-gaap Interest Expense Debt
InterestExpenseDebt
13242 usd
CY2024Q4 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
2222315 usd
CY2023Q4 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
2656363 usd
CY2024Q4 ABQQ Segment Income Loss
SegmentIncomeLoss
-50036 usd
CY2023Q4 ABQQ Segment Income Loss
SegmentIncomeLoss
43600 usd
CY2024Q4 dei Amendment Flag
AmendmentFlag
false
CY2024Q4 dei Document Type
DocumentType
10-Q
CY2024Q4 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q4 dei Document Period End Date
DocumentPeriodEndDate
2024-11-30
CY2024Q4 dei Document Transition Report
DocumentTransitionReport
false
CY2024Q4 dei Entity File Number
EntityFileNumber
000-55979
CY2024Q4 dei Entity Registrant Name
EntityRegistrantName
AB International Group Corp.
CY2024Q4 dei Entity Address Address Line1
EntityAddressAddressLine1
144 Main Street
CY2024Q4 dei Entity Address City Or Town
EntityAddressCityOrTown
Mt. Kisco
CY2024Q4 dei Entity Address State Or Province
EntityAddressStateOrProvince
NY
CY2024Q4 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
10549
CY2024Q4 dei City Area Code
CityAreaCode
(914)
CY2024Q4 dei Local Phone Number
LocalPhoneNumber
202-3108
CY2024Q4 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2024Q4 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2024Q4 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2024Q4 dei Entity Small Business
EntitySmallBusiness
true
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
370924 usd
CY2024Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
745123 usd
CY2024Q4 us-gaap Other Assets
OtherAssets
45240 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
45240 usd
CY2024Q4 us-gaap Assets
Assets
2222315 usd
CY2024Q3 us-gaap Assets
Assets
2349170 usd
CY2024Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
51609 usd
CY2024Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
30945 usd
CY2024Q4 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false

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