$CTNT
CHEETAH NET SUPPLY CHAIN SERVICE INC.

2024 Q4 Form 10-Q Financial Statement

#000141057824001939 Filed on November 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $61.21K
YoY Change -99.39%
Cost Of Revenue $31.34K
YoY Change -99.65%
Gross Profit $29.87K
YoY Change -97.44%
Gross Profit Margin 48.8%
Selling, General & Admin $1.122M
YoY Change 57.11%
% of Gross Profit 3756.44%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.95K
YoY Change
% of Gross Profit 76.84%
Operating Expenses $2.479M
YoY Change 247.09%
Operating Profit -$2.449M
YoY Change -640.35%
Interest Expense -$14.86K
YoY Change -105.19%
% of Operating Profit
Other Income/Expense, Net $73.63K
YoY Change -125.74%
Pretax Income -$2.375M
YoY Change -1521.3%
Income Tax -$560.0K
% Of Pretax Income
Net Earnings -$1.815M
YoY Change -1577.01%
Net Earnings / Revenue -2965.78%
Basic Earnings Per Share -$1.06
Diluted Earnings Per Share -$1.06
COMMON SHARES
Basic Shares Outstanding 1.960M 30.63M
Diluted Shares Outstanding 1.710M

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.287M
YoY Change 655.34%
Cash & Equivalents $5.287M
Short-Term Investments
Other Short-Term Assets $428.2K
YoY Change -2.69%
Inventory
Prepaid Expenses
Receivables $3.291M
Other Receivables $353.6K
Total Short-Term Assets $12.42M
YoY Change -1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $408.3K
YoY Change 94.42%
Goodwill $568.5K
YoY Change
Intangibles $481.1K
YoY Change
Long-Term Investments
YoY Change
Other Assets $974.6K
YoY Change 2336.53%
Total Long-Term Assets $4.409M
YoY Change 1690.37%
TOTAL ASSETS
Total Short-Term Assets $12.42M
Total Long-Term Assets $4.409M
Total Assets $16.83M
YoY Change 30.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.515K
YoY Change -91.29%
Accrued Expenses $376.1K
YoY Change 22.72%
Deferred Revenue
YoY Change
Short-Term Debt $178.8K
YoY Change -84.85%
Long-Term Debt Due $34.15K
YoY Change 5.14%
Total Short-Term Liabilities $835.9K
YoY Change -83.73%
LONG-TERM LIABILITIES
Long-Term Debt $619.2K
YoY Change -5.19%
Other Long-Term Liabilities $1.419M
YoY Change 787.08%
Total Long-Term Liabilities $619.2K
YoY Change -5.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $835.9K
Total Long-Term Liabilities $619.2K
Total Liabilities $2.874M
YoY Change -51.74%
SHAREHOLDERS EQUITY
Retained Earnings -$2.529M
YoY Change -563.94%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.95M
YoY Change
Total Liabilities & Shareholders Equity $16.83M
YoY Change 30.47%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income -$1.815M
YoY Change -1577.01%
Depreciation, Depletion And Amortization $22.95K
YoY Change
Cash From Operating Activities -$226.5K
YoY Change -82.31%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$2.058M
YoY Change
Cash From Investing Activities -$2.058M
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 1.279M
YoY Change -7.3%
NET CHANGE
Cash From Operating Activities -226.5K
Cash From Investing Activities -2.058M
Cash From Financing Activities 1.279M
Net Change In Cash -1.006M
YoY Change -1105.52%
FREE CASH FLOW
Cash From Operating Activities -$226.5K
Capital Expenditures $0.00
Free Cash Flow -$226.5K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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dei Entity Central Index Key
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dei Entity File Number
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dei Entity Registrant Name
EntityRegistrantName
Cheetah Net Supply Chain Service Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
NC
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-3509120
dei Entity Address Address Line1
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8707 Research Drive,
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dei Security12b Title
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dei Trading Symbol
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;text-align:justify;margin:0pt 0pt 12pt 0pt;">Uses of estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 0pt;">In preparing the unaudited condensed consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. These estimates are based on information as of the date of the unaudited condensed consolidated financial statements. Significant estimates required to be made by management include, but are not limited to, the valuation of accounts receivables, the valuation of inventory, the revenue recognition, and the realization of deferred tax assets. Actual results could differ from those estimates.</p>
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