2025 Q1 Form 10-Q Financial Statement
#000166357725000023 Filed on January 14, 2025
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 |
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CY2024Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
202296 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
143991 | 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 |
CY2024Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
266726 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
261087 | usd |
CY2023Q4 | us-gaap |
Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
|
45000 | usd |
CY2023Q4 | ABQQ |
Net Purchase Deposit With Loans Related Partty Sales Of Software
NetPurchaseDepositWithLoansRelatedParttySalesOfSoftware
|
300000 | usd |
CY2024Q4 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_z9ulWDfQCxed" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><span style="text-decoration: underline">Use of Estimates</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><b> </b></span></p> | |
CY2024Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
0 | usd |
CY2024Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | usd |
CY2024Q3 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
0 | usd |
CY2024Q2 | us-gaap |
Revenues
Revenues
|
626350 | usd |
CY2023Q2 | us-gaap |
Revenues
Revenues
|
801747 | usd |
CY2024Q4 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
0 | usd |
CY2024Q3 | us-gaap |
Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
|
0 | usd |
CY2024Q4 | us-gaap |
Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
|
1993304434 | usd |
CY2024Q4 | us-gaap |
Reclassifications
Reclassifications
|
<p id="xdx_847_eus-gaap--Reclassifications_zO6HsFHOsxRi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><span style="text-decoration: underline">Reclassification</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Certain prior period amounts have been reclassified to conform to the current period presentation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"> </span></p> | |
CY2024Q4 | ABQQ |
Retained Earnings Accumulated Deficit Estimated
RetainedEarningsAccumulatedDeficitEstimated
|
-12000000 | usd |
CY2024Q4 | us-gaap |
Capital
Capital
|
-18904000000 | usd |
CY2024Q4 | ABQQ |
Net Income Loss Estimated
NetIncomeLossEstimated
|
-50036000000 | usd |
CY2024Q4 | us-gaap |
Depreciation
Depreciation
|
477 | usd |
CY2023Q4 | us-gaap |
Depreciation
Depreciation
|
1108 | usd |
CY2024Q4 | ABQQ |
Total Cost
TotalCost
|
9594388 | usd |
CY2024Q3 | ABQQ |
Total Cost
TotalCost
|
9525331 | usd |
CY2024Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-9298070 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
-9154407 | usd |
CY2024Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
296318 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
370924 | usd |
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 |