$SEAV
SEATech Ventures Corp.

2024 Q3 Form 10-Q Financial Statement

#000149315224031997 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $100.3K
YoY Change -68.64%
Cost Of Revenue $71.70K
YoY Change -71.99%
Gross Profit $28.64K
YoY Change -55.25%
Gross Profit Margin 28.54%
Selling, General & Admin $27.22K $32.29K $45.53K
YoY Change -40.48% -29.09% -11.42%
% of Gross Profit 158.97%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $27.22K $32.29K $45.53K
YoY Change -40.48% -29.09% -8.83%
Operating Profit -$27.22K -$32.29K -$16.89K
YoY Change -40.48% 91.15% -220.13%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$25.26K -$32.29K -$16.89K
YoY Change -44.77% 91.18% -220.13%
Income Tax
% Of Pretax Income
Net Earnings -$25.26K -$32.29K -$16.89K
YoY Change -44.77% 91.18% -220.13%
Net Earnings / Revenue -16.83%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 114.4M shares 114.4M shares 92.52M shares
Diluted Shares Outstanding 114.4M shares 114.4M shares 92.52M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.10K $40.06K
YoY Change -59.81% -84.13%
Cash & Equivalents $22.11K $15.82K $40.06K
Short-Term Investments $270.00
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $69.50K $325.9K
Other Receivables $594.00 $518.00 $0.00
Total Short-Term Assets $25.06K $86.11K $366.8K
YoY Change -91.39% -76.52% 28.44%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.070K $5.720K
YoY Change -11.36% 12.82%
Other Assets
YoY Change
Total Long-Term Assets $5.065K $5.065K $5.715K
YoY Change -11.37% -11.37% 12.83%
TOTAL ASSETS
Total Short-Term Assets $25.06K $86.11K $366.8K
Total Long-Term Assets $5.065K $5.065K $5.715K
Total Assets $30.12K $91.18K $372.5K
YoY Change -89.85% -75.52% 28.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $324.2K $283.7K
YoY Change 14.28%
Accrued Expenses $28.20K $37.98K
YoY Change -25.75% 69.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $360.3K $394.9K $321.9K
YoY Change 23.48% 22.68% 113.32%
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 $360.3K $394.9K $321.9K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $360.3K $394.9K $321.9K
YoY Change 23.48% 22.68% 113.32%
SHAREHOLDERS EQUITY
Retained Earnings -$998.0K -$972.8K -$618.4K
YoY Change 50.28% 57.31% 16.55%
Common Stock $11.44K $11.44K $9.252K
YoY Change 23.59% 23.59% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$330.2K -$303.7K $50.59K
YoY Change
Total Liabilities & Shareholders Equity $30.12K $91.18K $372.5K
YoY Change -89.85% -75.52% 28.17%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$25.26K -$32.29K -$16.89K
YoY Change -44.77% 91.18% -220.13%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$22.35K -$25.73K
YoY Change -13.14% -502.66%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities $0.00 $0.00
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 12.50K
YoY Change
NET CHANGE
Cash From Operating Activities -22.35K -25.73K
Cash From Investing Activities 0.000 0.000
Cash From Financing Activities 12.50K
Net Change In Cash -9.850K -25.73K
YoY Change -61.72% -502.66%
FREE CASH FLOW
Cash From Operating Activities -$22.35K -$25.73K
Capital Expenditures
Free Cash Flow
YoY Change

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<p id="xdx_84A_eus-gaap--UseOfEstimates_ziTLjWpf3cPk" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_865_zBPgF5JFwzY6">Use of estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Management uses estimates and assumptions in preparing these financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities in the balance sheets, and the reported revenue and expenses during the periods reported. Actual results may differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2024Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
324200 usd
CY2023Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
324200 usd
CY2024Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
324200 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
324200 usd
CY2024Q2 SEAV Accrued Audit Fees Current
AccruedAuditFeesCurrent
6054 usd
CY2023Q4 SEAV Accrued Audit Fees Current
AccruedAuditFeesCurrent
34070 usd
CY2024Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
14396 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
19173 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
7747 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
16167 usd
CY2024Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
28197 usd
CY2023Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
69410 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-33262 usd
us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
-28204 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-75850 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-24292 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-75850 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-24292 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114351503 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114351503 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
92519843 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
92519843 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.00
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.00
CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
115000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
115000 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
69500 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
149500 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
69500 usd
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
149500 usd
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
25950 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
33000 usd
CY2024Q2 us-gaap Other Liabilities
OtherLiabilities
25950 usd
CY2023Q4 us-gaap Other Liabilities
OtherLiabilities
33000 usd
CY2024Q2 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
CY2024Q2 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5065 usd
CY2023Q4 us-gaap Equity Securities Fvni Noncurrent
EquitySecuritiesFVNINoncurrent
5715 usd
us-gaap Revenues
Revenues
248340 usd
us-gaap Revenues
Revenues
248340 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14250 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14338 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14250 usd
us-gaap Share Based Compensation
ShareBasedCompensation
14338 usd
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
3000 usd
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
9000 usd
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
3000 usd
us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
9000 usd
us-gaap Profit Loss
ProfitLoss
-75850 usd
CY2024Q2 us-gaap Assets Net
AssetsNet
91179 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
248340 usd
us-gaap Cost Of Revenue
CostOfRevenue
187700 usd
us-gaap Profit Loss
ProfitLoss
-24292 usd
CY2023Q2 us-gaap Assets Net
AssetsNet
372484 usd

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0001493152-24-031997.txt Edgar Link pending
0001493152-24-031997-xbrl.zip Edgar Link pending
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