$MVNC
Marvion Inc

2023 Q3 Form 10-Q Financial Statement

#000168316823008306 Filed on November 20, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2022 Q4
Revenue $2.984M $4.967M
YoY Change -44.95% 4036.68%
Cost Of Revenue $2.987M $3.840M
YoY Change -25.2% 14196.31%
Gross Profit -$2.992K $1.127M
YoY Change -100.21% 1109.32%
Gross Profit Margin -0.1% 22.69%
Selling, General & Admin $116.3K $1.264M
YoY Change -87.02% -37.3%
% of Gross Profit 112.11%
Research & Development $2.703M $276.3K
YoY Change -66.71% 122.59%
% of Gross Profit 24.51%
Depreciation & Amortization $11.75K $12.06K
YoY Change -1.92% -2.19%
% of Gross Profit 1.07%
Operating Expenses $116.3K $1.540M
YoY Change -87.02% -28.03%
Operating Profit -$2.823M -$412.9K
YoY Change -63.15% -79.83%
Interest Expense $169.5K $0.00
YoY Change 1694800.0%
% of Operating Profit
Other Income/Expense, Net $169.4K $460.00
YoY Change 1693940.0%
Pretax Income -$2.654M -$412.4K
YoY Change -65.36% -79.87%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.654M -$412.4K
YoY Change -65.36% -79.81%
Net Earnings / Revenue -88.92% -8.3%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 143.0B shares 1.943B shares
Diluted Shares Outstanding 134.1B shares

Balance Sheet

Concept 2023 Q3 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.072M $109.5K
YoY Change 2612.84% 289.33%
Cash & Equivalents $144.5K $99.27K
Short-Term Investments $927.4K $10.20K
Other Short-Term Assets $10.66K $10.20K
YoY Change -22.78% -89.68%
Inventory $12.03M $1.388M
Prepaid Expenses
Receivables $11.72K $0.00
Other Receivables $510.00
Total Short-Term Assets $16.77M $4.554M
YoY Change 211.9% 3068.62%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles $50.60K $94.21K
YoY Change -49.52% -33.37%
Long-Term Investments
YoY Change
Other Assets $168.8K $176.3K
YoY Change
Total Long-Term Assets $219.4K $270.5K
YoY Change 118.84% 91.3%
TOTAL ASSETS
Total Short-Term Assets $16.77M $4.554M
Total Long-Term Assets $219.4K $270.5K
Total Assets $16.99M $4.825M
YoY Change 210.2% 1592.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $24.86M $5.278M
YoY Change 498.18% 149.07%
Deferred Revenue
YoY Change
Short-Term Debt $170.0K $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $28.40M $6.824M
YoY Change 292.6% 183.41%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $28.40M $6.824M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $28.40M $6.824M
YoY Change 292.6% 183.41%
SHAREHOLDERS EQUITY
Retained Earnings -$36.76M -$26.21M
YoY Change 42.51% 62.19%
Common Stock $14.31M $194.3K
YoY Change 7564.39% 4.02%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$11.41M -$1.999M
YoY Change
Total Liabilities & Shareholders Equity $16.99M $4.825M
YoY Change 210.2% 1592.26%

Cashflow Statement

Concept 2023 Q3 2022 Q4
OPERATING ACTIVITIES
Net Income -$2.654M -$412.4K
YoY Change -65.36% -79.81%
Depreciation, Depletion And Amortization $11.75K $12.06K
YoY Change -1.92% -2.19%
Cash From Operating Activities -$1.760M -$1.187M
YoY Change -1000.29% 2105.01%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $10.00
YoY Change -100.01%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$10.00
YoY Change -99.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.717M 1.257M
YoY Change -984.43% 447.29%
NET CHANGE
Cash From Operating Activities -1.760M -1.187M
Cash From Investing Activities 0.000 -10.00
Cash From Financing Activities 1.717M 1.257M
Net Change In Cash -42.59K 69.55K
YoY Change -3351.15% 172.0%
FREE CASH FLOW
Cash From Operating Activities -$1.760M -$1.187M
Capital Expenditures $0.00 $10.00
Free Cash Flow -$1.760M -$1.187M
YoY Change -1000.29% -1331.78%

Facts In Submission

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CY2022Q4 MVNC Common Stock Committed To Be Issued
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