$CFOO
China Foods Holdings Ltd.

2022 Q4 Form 10-Q Financial Statement

#000149315222032421 Filed on November 15, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $185.1K $5.395K $69.73K
YoY Change -48.75% -92.26% -76.71%
Cost Of Revenue $173.2K $22.50K -$10.46K
YoY Change 42.35% -315.09% -103.66%
Gross Profit $11.84K -$17.10K $80.19K
YoY Change -95.05% -121.33% 486.18%
Gross Profit Margin 6.4% -317.02% 115.0%
Selling, General & Admin $169.2K $99.31K $162.2K
YoY Change -75.69% -38.78% -1.99%
% of Gross Profit 1428.63% 202.31%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.15K $14.50K $24.19K
YoY Change -41.91% -40.07% -52.65%
% of Gross Profit 119.51% 30.17%
Operating Expenses $169.1K $99.31K $162.2K
YoY Change -75.69% -38.78% -1.99%
Operating Profit -$157.3K -$116.4K -$82.03K
YoY Change -65.54% 41.91% -45.97%
Interest Expense $70.00 $10.00 $5.450K
YoY Change -94.53% -99.82% 713.43%
% of Operating Profit
Other Income/Expense, Net $8.750K $19.62K -$5.200K
YoY Change 36.29% -477.35% -253.85%
Pretax Income -$148.5K -$96.79K -$81.79K
YoY Change -66.91% 18.34% -44.65%
Income Tax -$3.140K -$2.607K $0.00
% Of Pretax Income
Net Earnings -$145.4K -$94.18K -$81.79K
YoY Change -68.08% 15.15% -44.65%
Net Earnings / Revenue -78.54% -1745.75% -117.3%
Basic Earnings Per Share $0.00 $0.00
Diluted Earnings Per Share -$0.01 -$4.650K -$4.039K
COMMON SHARES
Basic Shares Outstanding 20.25M shares 20.25M shares 20.25M shares
Diluted Shares Outstanding 20.25M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $381.7K $421.7K $656.7K
YoY Change -37.37% -35.78% -33.67%
Cash & Equivalents $381.7K $421.7K $656.7K
Short-Term Investments
Other Short-Term Assets $63.96K $270.5K $410.4K
YoY Change -83.5% -34.09% 215.7%
Inventory $138.6K $278.2K $199.2K
Prepaid Expenses
Receivables $5.120K $167.2K
Other Receivables $10.86K $63.98K $95.36K
Total Short-Term Assets $600.2K $1.035M $1.529M
YoY Change -58.19% -32.28% 9.2%
LONG-TERM ASSETS
Property, Plant & Equipment $55.50K $68.36K $155.5K
YoY Change -58.15% -56.04% -22.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $78.98K $71.53K $159.5K
YoY Change -42.16% -55.16% -24.03%
TOTAL ASSETS
Total Short-Term Assets $600.2K $1.035M $1.529M
Total Long-Term Assets $78.98K $71.53K $159.5K
Total Assets $679.2K $1.107M $1.688M
YoY Change -56.8% -34.44% 4.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.013K
YoY Change
Accrued Expenses $143.7K $142.4K $162.2K
YoY Change -13.1% -12.25% 170.4%
Deferred Revenue $73.60K $232.5K
YoY Change -78.4%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $661.8K $792.3K $822.2K
YoY Change -28.5% -3.63% -57.18%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $0.00 $156.0K $270.8K
YoY Change -100.0% -42.4%
Total Long-Term Liabilities $0.00 $156.0K $270.8K
YoY Change -100.0% -42.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $661.8K $792.3K $822.2K
Total Long-Term Liabilities $0.00 $156.0K $270.8K
Total Liabilities $661.8K $948.3K $1.093M
YoY Change -43.51% -13.23% -43.07%
SHAREHOLDERS EQUITY
Retained Earnings -$1.272M -$1.127M
YoY Change 38.56%
Common Stock $1.292M $1.292M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.43K $158.6K $595.4K
YoY Change
Total Liabilities & Shareholders Equity $679.2K $1.107M $1.688M
YoY Change -56.8% -34.44% 4.87%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$145.4K -$94.18K -$81.79K
YoY Change -68.08% 15.15% -44.65%
Depreciation, Depletion And Amortization $14.15K $14.50K $24.19K
YoY Change -41.91% -40.07% -52.65%
Cash From Operating Activities -$57.95K $13.26K -$99.69K
YoY Change -5.23% -113.3% -125.1%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$27.36K
YoY Change -100.0% -60.95%
Acquisitions
YoY Change
Other Investing Activities $0.00 $22.93K $0.00
YoY Change -100.0%
Cash From Investing Activities $0.00 $22.93K -$27.36K
YoY Change -183.81% -56.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.30K -73.19K -6.510K
YoY Change 280.45% 1024.27% -205.85%
NET CHANGE
Cash From Operating Activities -57.95K 13.26K -99.69K
Cash From Investing Activities 0.000 22.93K -27.36K
Cash From Financing Activities 25.30K -73.19K -6.510K
Net Change In Cash -32.65K -37.00K -133.6K
YoY Change -40.09% -72.3% -139.23%
FREE CASH FLOW
Cash From Operating Activities -$57.95K $13.26K -$99.69K
Capital Expenditures $0.00 $0.00 -$27.36K
Free Cash Flow -$57.95K $13.26K -$72.33K
YoY Change -5.23% -118.33% -115.48%

Facts In Submission

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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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Depreciation
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Depreciation
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us-gaap Depreciation
Depreciation
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P10Y
CY2022Q3 us-gaap Amortization Of Intangible Assets
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127 usd
CFOO Sales Tax Percentage
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0.17 pure
CFOO Sales Tax Percentage
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CFOO Product Sales Returns
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5395 usd
us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than fifty percent (50%) likelihood of being realized upon ultimate settlement
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us-gaap Lessee Operating Lease Description
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us-gaap Lease Expiration Date1
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2025-12-31
CY2022Q3 us-gaap General And Administrative Expense
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us-gaap Number Of Operating Segments
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CY2021Q3 us-gaap Selling And Marketing Expense
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CY2021Q3 us-gaap General And Administrative Expense
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us-gaap Selling And Marketing Expense
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CY2021Q4 us-gaap Prepaid Expense Current
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CY2022Q3 CFOO Other Deposits Current
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CY2021Q4 CFOO Other Deposits Current
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33961 usd
CY2022Q3 us-gaap Other Receivables Net Current
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63983 usd
CY2021Q4 us-gaap Other Receivables Net Current
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102216 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets
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97687 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets
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us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2022Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
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CY2022Q3 CFOO Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
0 usd
CY2021Q3 CFOO Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
0 usd
CFOO Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
0 usd
CFOO Allowance For Obsolete Inventories
AllowanceForObsoleteInventories
0 usd
CY2022Q3 CFOO Operating Lease Right Of Use Asset Current
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236796 usd
CY2021Q4 CFOO Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
350563 usd
CY2022Q3 us-gaap Operating Lease Liability Current
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92873 usd
CY2021Q4 us-gaap Operating Lease Liability Current
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CY2022Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
246022 usd
CY2022Q3 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Liability
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us-gaap Operating Lease Payments
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
259131 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
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CY2022Q3 CFOO Foreign Translation Difference Net
ForeignTranslationDifferenceNet
-12509 usd
CY2021Q4 CFOO Foreign Translation Difference Net
ForeignTranslationDifferenceNet
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CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q3 us-gaap Depreciation
Depreciation
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us-gaap Depreciation
Depreciation
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CY2021Q3 us-gaap Depreciation
Depreciation
24054 usd
us-gaap Depreciation
Depreciation
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CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
20252309 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
20252309 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
20252309 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2022Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
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CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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301650 usd
CY2022Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
359042 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
301650 usd

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