$ASFH
ASIAFIN HOLDINGS CORP.

2022 Q4 Form 10-K Financial Statement

#000149315223005271 Filed on February 16, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue $0.00 $0.00
YoY Change -100.0%
Gross Profit $0.00 $0.00
YoY Change -100.0%
Gross Profit Margin
Selling, General & Admin $58.71K $40.00K
YoY Change 2074.44% -55.56%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $93.65K
YoY Change
% of Gross Profit
Operating Expenses $53.79K $0.00 $40.00K
YoY Change 1907.09% -100.0% -50.0%
Operating Profit -$53.79K $0.00 -$40.00K
YoY Change 1907.09% -100.0% -42.86%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$53.79K -$108.2K -$40.00K
YoY Change 1907.09% 170.51% -42.86%
Income Tax $2.860K $3.999K $0.00
% Of Pretax Income
Net Earnings -$56.65K -$112.2K -$40.00K
YoY Change 2013.81% 180.51% -42.86%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 -$545.60
COMMON SHARES
Basic Shares Outstanding 73.32M shares 73.32M shares 73.32M shares
Diluted Shares Outstanding 73.32M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.580M $1.580M $980.0K
YoY Change 55.51% 61.24% 92.16%
Cash & Equivalents $874.7K
Short-Term Investments
Other Short-Term Assets $741.5K $741.5K
YoY Change
Inventory
Prepaid Expenses $202.4K
Receivables $676.4K $676.4K $0.00
Other Receivables $0.00 $0.00
Total Short-Term Assets $877.7K $2.998M $980.0K
YoY Change -10.62% 205.93% 84.91%
LONG-TERM ASSETS
Property, Plant & Equipment $585.8K $300.4K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $8.660K $428.9K
YoY Change
Other Assets $870.00 $870.00
YoY Change
Total Long-Term Assets $0.00 $730.2K $0.00
YoY Change
TOTAL ASSETS
Total Short-Term Assets $877.7K $2.998M $980.0K
Total Long-Term Assets $0.00 $730.2K $0.00
Total Assets $877.7K $3.728M $980.0K
YoY Change -10.62% 280.43% 84.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.74K $0.00
YoY Change -100.0%
Accrued Expenses $17.81K $538.2K
YoY Change 137.4%
Deferred Revenue
YoY Change
Short-Term Debt $285.4K $285.4K $0.00
YoY Change
Long-Term Debt Due $11.60K $11.60K
YoY Change
Total Short-Term Liabilities $21.16K $1.366M $10.00K
YoY Change 60.32% 13562.4% -50.0%
LONG-TERM LIABILITIES
Long-Term Debt $4.950K $4.950K $0.00
YoY Change
Other Long-Term Liabilities $50.45K $50.45K
YoY Change
Total Long-Term Liabilities $61.43K $55.40K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $21.16K $1.366M $10.00K
Total Long-Term Liabilities $61.43K $55.40K $0.00
Total Liabilities $21.16K $1.428M $10.00K
YoY Change 60.32% 14176.8% -50.0%
SHAREHOLDERS EQUITY
Retained Earnings -$564.1K
YoY Change 24.83%
Common Stock $7.332K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $856.5K $2.301M $970.0K
YoY Change
Total Liabilities & Shareholders Equity $877.7K $3.728M $980.0K
YoY Change -10.62% 280.43% 84.91%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$56.65K -$112.2K -$40.00K
YoY Change 2013.81% 180.51% -42.86%
Depreciation, Depletion And Amortization $93.65K
YoY Change
Cash From Operating Activities -$42.18K -$106.0K -$30.00K
YoY Change -1520.2% 253.3% -57.14%
INVESTING ACTIVITIES
Capital Expenditures $478.6K
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 0.000 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -42.18K -$106.0K -30.00K
Cash From Investing Activities
Cash From Financing Activities 0.000 0.000 0.000
Net Change In Cash -42.18K -$106.0K -30.00K
YoY Change -1520.2% 253.3% -105.88%
FREE CASH FLOW
Cash From Operating Activities -$42.18K -$106.0K -$30.00K
Capital Expenditures $478.6K
Free Cash Flow -$584.6K
YoY Change

Facts In Submission

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<p id="xdx_84A_eus-gaap--UseOfEstimates_zdwN7TNVdIc2" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86A_zrTnrhjTyNX1">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the years reported. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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OperatingLossCarryforwards
564072 usd
CY2022Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
451257 usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2022 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
12000 usd
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
187400 usd
CY2022 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
8232038 shares

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0001493152-23-005271-index-headers.html Edgar Link pending
0001493152-23-005271-index.html Edgar Link pending
0001493152-23-005271.txt Edgar Link pending
0001493152-23-005271-xbrl.zip Edgar Link pending
asfh-20221231.xsd Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
ex32-2.htm Edgar Link pending
asfh-20221231_cal.xml Edgar Link unprocessable
asfh-20221231_def.xml Edgar Link unprocessable
asfh-20221231_lab.xml Edgar Link unprocessable
asfh-20221231_pre.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
form10-k_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
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report.css Edgar Link pending
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form10-k_htm.xml Edgar Link completed