$HIGR
Hi-Great Group Holding Co

2023 Q2 Form 10-K Financial Statement

#000121390023030000 Filed on April 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $44.56K $53.06K $207.9K
YoY Change -7.71% 29.29% -21.32%
Cost Of Revenue $13.74K -$28.80K $60.87K
YoY Change 522.0% -351.97% -37.68%
Gross Profit $19.68K $81.86K $95.02K
YoY Change -42.12% 176.46% -42.94%
Gross Profit Margin 44.17% 154.28% 45.72%
Selling, General & Admin -$25.85K $91.72K
YoY Change -194.41% -12.28%
% of Gross Profit -31.58% 96.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00 $0.00
YoY Change
% of Gross Profit 0.0% 0.0%
Operating Expenses $78.28K -$25.85K $91.72K
YoY Change 9.61% -194.41% -12.28%
Operating Profit -$58.60K $107.7K $3.300K
YoY Change 56.63% 4730.04% -94.67%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $107.7K $3.300K
YoY Change 4751.8% -94.65%
Income Tax
% Of Pretax Income
Net Earnings -$58.60K $107.7K $3.300K
YoY Change 56.63% 4751.8% -94.65%
Net Earnings / Revenue -131.5% 203.0% 1.59%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 100.0M shares 100.0M shares 100.0M shares
Diluted Shares Outstanding 100.0M shares 100.0M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.58K $30.58K
YoY Change -72.98% -72.98%
Cash & Equivalents $15.14K $30.58K
Short-Term Investments
Other Short-Term Assets $9.250K $9.250K
YoY Change
Inventory $64.47K $85.29K $85.29K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $81.36K $125.1K $125.1K
YoY Change -47.9% -28.64% -28.64%
LONG-TERM ASSETS
Property, Plant & Equipment $57.00K $57.00K
YoY Change -50.43% -50.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $57.00K $57.00K $57.00K
YoY Change -48.65% -50.43% -50.43%
TOTAL ASSETS
Total Short-Term Assets $81.36K $125.1K $125.1K
Total Long-Term Assets $57.00K $57.00K $57.00K
Total Assets $138.4K $182.1K $182.1K
YoY Change -48.21% -37.27% -37.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.90K $1.400K $1.400K
YoY Change -72.98% -97.62% -97.62%
Accrued Expenses $132.3K $132.3K
YoY Change 83.44% 83.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $172.9K $133.7K $133.7K
YoY Change -14.2% 1.55% 1.55%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $42.25K $42.25K
YoY Change -56.1% -56.1%
Total Long-Term Liabilities $42.25K $42.25K
YoY Change -56.1% -56.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $172.9K $133.7K $133.7K
Total Long-Term Liabilities $42.25K $42.25K
Total Liabilities $202.9K $175.9K $176.0K
YoY Change -31.86% -22.8% -22.8%
SHAREHOLDERS EQUITY
Retained Earnings -$794.1K -$723.4K
YoY Change 4.46% 8.43%
Common Stock $100.0K $100.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$64.55K $6.170K $6.170K
YoY Change
Total Liabilities & Shareholders Equity $138.4K $182.1K $182.1K
YoY Change -48.21% -37.27% -37.27%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$58.60K $107.7K $3.300K
YoY Change 56.63% 4751.8% -94.65%
Depreciation, Depletion And Amortization $0.00 $0.00
YoY Change
Cash From Operating Activities -$37.75K -$84.61K
YoY Change -574.84% -206.97%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $24.00K $58.00K
YoY Change 415.56%
Cash From Investing Activities $24.00K $58.00K
YoY Change 415.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.51K -$55.98K
YoY Change 227.05% 4488.52%
NET CHANGE
Cash From Operating Activities -37.75K -$84.61K
Cash From Investing Activities 24.00K $58.00K
Cash From Financing Activities -25.51K -$55.98K
Net Change In Cash -39.26K -$82.59K
YoY Change -26273.33% -192.66%
FREE CASH FLOW
Cash From Operating Activities -$37.75K -$84.61K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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CY2021Q4 us-gaap Due From Related Parties Current
DueFromRelatedPartiesCurrent
usd
CY2022Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
usd
CY2021Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100000000 shares
CY2022 us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
usd
CY2022 us-gaap Increase Decrease In Notes Payable Related Parties Current
IncreaseDecreaseInNotesPayableRelatedPartiesCurrent
usd
CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
usd
CY2022 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
usd
CY2021 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
usd
CY2022 higr Proceeds From Notes Payable Related Party
ProceedsFromNotesPayableRelatedParty
usd
CY2021 higr Proceeds From Operating Lease Obligation
ProceedsFromOperatingLeaseObligation
usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
usd
CY2022 higr Forgiveness Of Note Receivable Related Party
ForgivenessOfNoteReceivableRelatedParty
usd
CY2022 higr Issued Stock
IssuedStock
usd
CY2021 higr Issued Stock
IssuedStock
usd
CY2022 higr Right Of Use Asset Operating Lease
RightOfUseAssetOperatingLease
usd
CY2021 higr Right Of Use Asset Operating Lease
RightOfUseAssetOperatingLease
usd
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Annual Report
DocumentAnnualReport
true
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Document Transition Report
DocumentTransitionReport
false
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001807616
CY2022Q2 dei Entity Public Float
EntityPublicFloat
0 usd

Files In Submission

Name View Source Status
0001213900-23-030000-index-headers.html Edgar Link pending
0001213900-23-030000-index.html Edgar Link pending
0001213900-23-030000.txt Edgar Link pending
0001213900-23-030000-xbrl.zip Edgar Link pending
f10k2022ex31-1_higreatgroup.htm Edgar Link pending
f10k2022ex32-1_higreatgroup.htm Edgar Link pending
f10k2022ex4-5_higreatgroup.htm Edgar Link pending
f10k2022_higreatgroup.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
f10k2022_higreatgroup_htm.xml Edgar Link completed
higr-20221231.xsd Edgar Link pending
image_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
higr-20221231_def.xml Edgar Link unprocessable
higr-20221231_pre.xml Edgar Link unprocessable
higr-20221231_lab.xml Edgar Link unprocessable
higr-20221231_cal.xml Edgar Link unprocessable