$SCGY
SCIENTIFIC ENERGY, INC

2024 Q3 Form 10-Q Financial Statement

#000137647424000469 Filed on August 21, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $19.38M $20.78M
YoY Change 98.79% 114.79%
Cost Of Revenue $12.87M $15.23M
YoY Change 151.17% 182.01%
Gross Profit $6.508M $5.544M
YoY Change 40.74% 29.78%
Gross Profit Margin 33.58% 26.68%
Selling, General & Admin $4.683M
YoY Change
% of Gross Profit 84.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.50K
YoY Change
% of Gross Profit 0.73%
Operating Expenses $4.845M $4.723M
YoY Change 24.94% 19.59%
Operating Profit $1.663M $821.0K
YoY Change 122.87% 154.71%
Interest Expense -$15.06K -$21.85K
YoY Change 10.17% 131.19%
% of Operating Profit -0.91% -2.66%
Other Income/Expense, Net
YoY Change
Pretax Income $1.647M $799.1K
YoY Change 124.97% 155.42%
Income Tax $766.00 $0.00
% Of Pretax Income 0.05% 0.0%
Net Earnings $1.847M $1.095M
YoY Change 158.15% 251.21%
Net Earnings / Revenue 9.53% 5.27%
Basic Earnings Per Share
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 263.3M shares 263.3M shares
Diluted Shares Outstanding 263.3M shares 263.3M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.980M
YoY Change
Cash & Equivalents $6.796M $2.980M
Short-Term Investments
Other Short-Term Assets $508.5K
YoY Change
Inventory $112.2K $61.94K
Prepaid Expenses $2.420M $508.5K
Receivables $5.785M $7.333M
Other Receivables $2.126M
Total Short-Term Assets $17.91M $13.01M
YoY Change 196.95% 107.03%
LONG-TERM ASSETS
Property, Plant & Equipment $168.4K $128.4K
YoY Change 115.97% 97.43%
Goodwill $72.67M $72.67M
YoY Change 1.4% 1.4%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $443.4K $525.6K
YoY Change 74.41% 55.14%
Total Long-Term Assets $74.78M $74.80M
YoY Change 1.61% 1.85%
TOTAL ASSETS
Total Short-Term Assets $17.91M $13.01M
Total Long-Term Assets $74.78M $74.80M
Total Assets $92.69M $87.81M
YoY Change 16.41% 10.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.53M $10.38M
YoY Change 150.88% 101.55%
Accrued Expenses $2.510M $2.144M
YoY Change 18.28% -2.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $1.571M
YoY Change
Total Short-Term Liabilities $21.49M $18.19M
YoY Change 108.72% 64.1%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $243.8K
YoY Change
Total Long-Term Liabilities $197.6K $243.8K
YoY Change -70.18% -65.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.49M $18.19M
Total Long-Term Liabilities $197.6K $243.8K
Total Liabilities $21.69M $18.43M
YoY Change 97.9% 56.29%
SHAREHOLDERS EQUITY
Retained Earnings -$8.980M -$10.83M
YoY Change -27.34% -17.18%
Common Stock $2.633M $2.633M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $72.14M $70.31M
YoY Change
Total Liabilities & Shareholders Equity $92.69M $87.81M
YoY Change 16.41% 10.14%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $1.847M $1.095M
YoY Change 158.15% 251.21%
Depreciation, Depletion And Amortization $40.50K
YoY Change
Cash From Operating Activities $236.4K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $18.13K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $520.4K
YoY Change
Cash From Investing Activities $502.3K
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 -651.3K
YoY Change
NET CHANGE
Cash From Operating Activities 236.4K
Cash From Investing Activities 502.3K
Cash From Financing Activities -651.3K
Net Change In Cash 87.45K
YoY Change
FREE CASH FLOW
Cash From Operating Activities $236.4K
Capital Expenditures $18.13K
Free Cash Flow $218.3K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
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true
dei Document Period End Date
DocumentPeriodEndDate
2024-06-30
dei Document Transition Report
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false
dei Entity File Number
EntityFileNumber
000-50559
dei Entity Registrant Name
EntityRegistrantName
SCIENTIFIC ENERGY, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
UT
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
87-0680657
dei Entity Address Address Line1
EntityAddressAddressLine1
Room M, 21F
dei Entity Address Address Line2
EntityAddressAddressLine2
Tong Nam Ah Commercial Centre
dei Entity Address Address Line3
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180 Alameda Dr.
dei Entity Address City Or Town
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Carlos D’Assumpcao
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852
dei City Area Code
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25
dei Local Phone Number
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2023Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
655569 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q2 us-gaap Stockholders Equity Other
StockholdersEquityOther
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CY2023Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
312870 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
757916 usd
us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation
Depreciation
22241 usd
us-gaap Depreciation
Depreciation
18243 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
65559 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
51335 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
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us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
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us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
-425588 usd
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5995100 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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fil Deposits1
Deposits1
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fil Deposits1
Deposits1
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
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us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
423343 usd
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
101803 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
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us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
48276 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-32956 usd
us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-7598 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-272226 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1197535 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59739 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6023 usd
us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
-479317 usd
us-gaap Increase Decrease Due From Officers And Stockholders
IncreaseDecreaseDueFromOfficersAndStockholders
-157362 usd
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
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us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
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us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
-118105 usd
us-gaap Discontinued Operation Provision For Loss Gain On Disposal Net Of Tax
DiscontinuedOperationProvisionForLossGainOnDisposalNetOfTax
0 usd
us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
99656 usd
us-gaap Increase Decrease In Due From Other Related Parties Current
IncreaseDecreaseInDueFromOtherRelatedPartiesCurrent
0 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
-484559 usd
us-gaap Increase Decrease In Due From Related Parties
IncreaseDecreaseInDueFromRelatedParties
254955 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
710435 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28819 usd
us-gaap Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
-271626 usd
us-gaap Increase Decrease In Other Loans
IncreaseDecreaseInOtherLoans
-773172 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
941570 usd
us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
259494 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-669944 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
513678 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
47711 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-32899 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-184024 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-745575 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3164464 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2077797 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2980440 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1332222 usd
us-gaap Interest Paid
InterestPaid
46655 usd
us-gaap Interest Paid
InterestPaid
18242 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
525594 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Received1
OtherSignificantNoncashTransactionValueOfConsiderationReceived1
338790 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
525594 usd
us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
OtherSignificantNoncashTransactionValueOfConsiderationGiven1
338790 usd
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
UT
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2001-05-30
us-gaap Use Of Estimates
UseOfEstimates
<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b><i>Use of Estimates</i></b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The preparation of the <span style="font-size:11pt">consolidated </span>financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the <span style="font-size:11pt">consolidated </span>financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.</p>
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font:10pt Times New Roman;margin:0;text-align:justify"><b><i>Concentration of Credit Risk</i></b></p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company’s financial instruments that are exposed to a concentration of credit risk are cash and accounts receivable.  Generally, the Company’s cash and cash equivalents in interest-bearing accounts may exceed FDIC insurance limits. The financial stability of these institutions is periodically reviewed by senior management.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">As of June 30, 2024, and December 31, 2023, the Company maintained $2,240,329 and $3,157,764 in foreign bank accounts not subject to FDIC coverage.</p> <p style="font:10pt Times New Roman;margin:0;text-align:justify"> </p> <p style="font:10pt Times New Roman;margin:0;text-align:justify">The Company has no significant off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements.</p>
CY2024Q2 us-gaap Deposits Foreign
DepositsForeign
2240329 usd
CY2023Q4 us-gaap Deposits Foreign
DepositsForeign
3157764 usd
CY2024Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10827555 usd
CY2024Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
41725 usd
CY2023Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
41725 usd
CY2024Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
185823 usd
CY2023Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
243151 usd
CY2024Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6402 usd
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6402 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
105550 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
98942 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
128400 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
192336 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2284661 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
2345637 usd
CY2024Q2 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
971074 usd
CY2023Q4 us-gaap Accumulated Amortization Of Other Deferred Costs
AccumulatedAmortizationOfOtherDeferredCosts
922403 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1313587 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1423234 usd
fil Disposal Of Subsidiary Other Receivables
DisposalOfSubsidiaryOtherReceivables
21892 usd
fil Disposal Of Subsidiary Cash And Cash Equivalents
DisposalOfSubsidiaryCashAndCashEquivalents
118105 usd
fil Disposal Of Subsidiary Amount Due From Related Parties
DisposalOfSubsidiaryAmountDueFromRelatedParties
344251 usd
fil Disposal Of Subsidiary Amount Due To Immediate Holding Company
DisposalOfSubsidiaryAmountDueToImmediateHoldingCompany
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fil Disposal Of Subsidiary Other Payables And Accruals
DisposalOfSubsidiaryOtherPayablesAndAccruals
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fil Disposal Of Subsidiary Assets And Liabilities
DisposalOfSubsidiaryAssetsAndLiabilities
-1266377 usd
fil Disposal Of Subsidiary Total Consideration
DisposalOfSubsidiaryTotalConsideration
12286 usd
fil Disposal Of Subsidiary Less Waiver Of Amount Due To Immediate Holding Company
DisposalOfSubsidiaryLessWaiverOfAmountDueToImmediateHoldingCompany
-1704251 usd
fil Disposal Of Subsidiary Add Net Liabilities Disposed Of
DisposalOfSubsidiaryAddNetLiabilitiesDisposedOf
1266377 usd
fil Disposal Of Subsidiary Loss On Disposal
DisposalOfSubsidiaryLossOnDisposal
425588 usd
fil Disposal Of Subsidiary Cash Consideration Received
DisposalOfSubsidiaryCashConsiderationReceived
0 usd
fil Disposal Of Subsidiary Cash Consideration Received1
DisposalOfSubsidiaryCashConsiderationReceived1
0 usd
fil Disposal Of Subsidiary Cash And Cash Equivalents Disposed Of
DisposalOfSubsidiaryCashAndCashEquivalentsDisposedOf
-118105 usd
fil Disposal Of Subsidiary Net Cash Outflow
DisposalOfSubsidiaryNetCashOutflow
-118105 usd
CY2024Q2 us-gaap Goodwill Gross
GoodwillGross
72667589 usd
CY2023Q4 us-gaap Goodwill Gross
GoodwillGross
71664639 usd
CY2024Q2 fil Acquisition Of Subsidiaries
AcquisitionOfSubsidiaries
0 usd
CY2023Q4 fil Acquisition Of Subsidiaries
AcquisitionOfSubsidiaries
-1002950 usd
CY2024Q2 us-gaap Goodwill
Goodwill
72667589 usd
CY2023Q4 us-gaap Goodwill
Goodwill
72667589 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 fil Right To Use Assets Macao And Zhuhai
RightToUseAssetsMacaoAndZhuhai
872836 usd
CY2023Q4 fil Right To Use Assets Macao And Zhuhai
RightToUseAssetsMacaoAndZhuhai
805253 usd
CY2024Q2 fil Right To Use Assets Hong Kong
RightToUseAssetsHongKong
213701 usd
CY2023Q4 fil Right To Use Assets Hong Kong
RightToUseAssetsHongKong
213701 usd
CY2024Q2 fil Right To Use Assets Subtotal
RightToUseAssetsSubtotal
1086537 usd
CY2023Q4 fil Right To Use Assets Subtotal
RightToUseAssetsSubtotal
1018954 usd
CY2024Q2 fil Right To Use Assets Less Accumulated Depreciation
RightToUseAssetsLessAccumulatedDepreciation
-560943 usd
CY2023Q4 fil Right To Use Assets Less Accumulated Depreciation
RightToUseAssetsLessAccumulatedDepreciation
-782476 usd
CY2024Q2 fil Right To Use Assets Net
RightToUseAssetsNet
525594 usd
CY2023Q4 fil Right To Use Assets Net
RightToUseAssetsNet
236478 usd
fil Recorded Lease Expense
RecordedLeaseExpense
230920 usd
fil Recorded Lease Expense
RecordedLeaseExpense
176767 usd
fil Recorded Financial Interest
RecordedFinancialInterest
16091 usd
fil Recorded Financial Interest
RecordedFinancialInterest
17659 usd
CY2024Q2 fil Lease Liability Macao And Zhuhai
LeaseLiabilityMacaoAndZhuhai
375403 usd
CY2023Q4 fil Lease Liability Macao And Zhuhai
LeaseLiabilityMacaoAndZhuhai
134375 usd
CY2024Q2 fil Lease Liability Hong Kong
LeaseLiabilityHongKong
150191 usd
CY2023Q4 fil Lease Liability Hong Kong
LeaseLiabilityHongKong
102103 usd
CY2024Q2 fil Total Lease Liability
TotalLeaseLiability
525594 usd
CY2023Q4 fil Total Lease Liability
TotalLeaseLiability
236478 usd
CY2024Q2 fil Lease Liability Less Short Term Portion
LeaseLiabilityLessShortTermPortion
-281818 usd
CY2023Q4 fil Lease Liability Less Short Term Portion
LeaseLiabilityLessShortTermPortion
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CY2024Q2 fil Lease Liability Long Term Portion
LeaseLiabilityLongTermPortion
243776 usd
CY2023Q4 fil Lease Liability Long Term Portion
LeaseLiabilityLongTermPortion
48264 usd
CY2024Q2 fil Lease Liability Year Ended December312020
LeaseLiabilityYearEndedDecember312020
571712 usd
CY2023Q4 fil Lease Liability Year Ended December312020
LeaseLiabilityYearEndedDecember312020
248389 usd
CY2024Q2 fil Lease Liability Less Present Value Discount
LeaseLiabilityLessPresentValueDiscount
-46118 usd
CY2023Q4 fil Lease Liability Less Present Value Discount
LeaseLiabilityLessPresentValueDiscount
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CY2024Q2 fil Lease Liability
LeaseLiability
525594 usd
CY2023Q4 fil Lease Liability
LeaseLiability
236478 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
128362 usd
CY2024Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
21290 usd
CY2024Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
149652 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
187172 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
73864 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
261036 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
70471 usd
CY2023Q2 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
22247 usd
CY2023Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
92718 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
145575 usd
us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
38133 usd
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
183708 usd
CY2024Q2 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
1570605 usd
CY2023Q4 us-gaap Advances From Federal Home Loan Banks
AdvancesFromFederalHomeLoanBanks
2258181 usd
CY2024Q2 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
1570605 usd
CY2023Q4 us-gaap Loans Payable To Bank Current
LoansPayableToBankCurrent
2239534 usd
CY2024Q2 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
0 usd
CY2023Q4 us-gaap Long Term Loans From Bank
LongTermLoansFromBank
18647 usd
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
500000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
263337500 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
263337500 shares
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
263337500 shares
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
263337500 shares
CY2024Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2024Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
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CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
1094779 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
311714 usd
us-gaap Net Income Loss
NetIncomeLoss
1119353 usd
us-gaap Net Income Loss
NetIncomeLoss
960773 usd
CY2024Q2 fil Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
263337500 shares
CY2023Q2 fil Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
263337500 shares
fil Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
263337500 shares
fil Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
263337500 shares
CY2024Q2 fil Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
0.004
CY2023Q2 fil Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
0.001
fil Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
0.004
fil Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
0.004
CY2024Q2 fil Joint Venture Property Plant And Equipment Net
JointVenturePropertyPlantAndEquipmentNet
942 usd
CY2023Q4 fil Joint Venture Property Plant And Equipment Net
JointVenturePropertyPlantAndEquipmentNet
1488 usd
CY2024Q2 fil Joint Venture Other Receivables And Prepaid
JointVentureOtherReceivablesAndPrepaid
215 usd
CY2023Q4 fil Joint Venture Other Receivables And Prepaid
JointVentureOtherReceivablesAndPrepaid
9213 usd
CY2024Q2 fil Joint Venture Inventory
JointVentureInventory
119300 usd
CY2023Q4 fil Joint Venture Inventory
JointVentureInventory
119310 usd
CY2024Q2 fil Joint Venture Cash And Cash Equivalents
JointVentureCashAndCashEquivalents
27193 usd
CY2023Q4 fil Joint Venture Cash And Cash Equivalents
JointVentureCashAndCashEquivalents
49422 usd
CY2024Q2 fil Joint Venture Total Assets
JointVentureTotalAssets
147650 usd
CY2023Q4 fil Joint Venture Total Assets
JointVentureTotalAssets
179433 usd
CY2024Q2 fil Joint Venture Accrual Expense
JointVentureAccrualExpense
-11360 usd
CY2023Q4 fil Joint Venture Accrual Expense
JointVentureAccrualExpense
-1152 usd
CY2024Q2 fil Joint Venture Other Payable
JointVentureOtherPayable
-4385649 usd
CY2023Q4 fil Joint Venture Other Payable
JointVentureOtherPayable
-4310453 usd
CY2024Q2 fil Joint Venture Customer Deposit
JointVentureCustomerDeposit
-488662 usd
CY2023Q4 fil Joint Venture Customer Deposit
JointVentureCustomerDeposit
-404659 usd
CY2024Q2 fil Joint Venture Total Liabilities
JointVentureTotalLiabilities
-4885671 usd
CY2023Q4 fil Joint Venture Total Liabilities
JointVentureTotalLiabilities
-4716264 usd
CY2024Q2 fil Joint Venture Net Liabilities
JointVentureNetLiabilities
-4738021 usd
CY2023Q4 fil Joint Venture Net Liabilities
JointVentureNetLiabilities
-4536831 usd
fil Joint Venture Revenue
JointVentureRevenue
0 usd
fil Joint Venture Cost Of Sale
JointVentureCostOfSale
0 usd
fil Joint Venture Gross Profit
JointVentureGrossProfit
0 usd
fil Joint Venture Operating Expense
JointVentureOperatingExpense
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fil Joint Venture Depreciation1
JointVentureDepreciation1
545 usd
fil Joint Venture Net Loss From Operations
JointVentureNetLossFromOperations
-92598 usd
fil Joint Venture Interest Expense Income Net
JointVentureInterestExpenseIncomeNet
-108769 usd
fil Joint Venture Net Loss
JointVentureNetLoss
-201367 usd
CY2024Q2 fil Amount Due From Related Companies
AmountDueFromRelatedCompanies
72267 usd
CY2023Q4 fil Amount Due From Related Companies
AmountDueFromRelatedCompanies
491256 usd
CY2024Q2 us-gaap Liability For Unpaid Claims And Claims Adjustment Expense Net
LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet
0 usd

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0001376474-24-000469-index-headers.html Edgar Link pending
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