$SHMY
Synergy Empire Ltd

2022 Form 10-K Financial Statement

#000149315222019237 Filed on July 14, 2022

View on sec.gov

Income Statement

Concept 2022 2021 2020
Revenue $130.0K $160.0K $340.0K
YoY Change -18.75% -52.94% 36.0%
Cost Of Revenue $70.00K $60.00K $100.0K
YoY Change 16.67% -40.0% 11.11%
Gross Profit $50.00K $100.0K $240.0K
YoY Change -50.0% -58.33% 50.0%
Gross Profit Margin 38.46% 62.5% 70.59%
Selling, General & Admin $450.0K $460.0K $430.0K
YoY Change -2.17% 6.98% 4.88%
% of Gross Profit 900.0% 460.0% 179.17%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $140.0K $30.00K $30.00K
YoY Change 366.67% 0.0% 200.0%
% of Gross Profit 280.0% 30.0% 12.5%
Operating Expenses $540.0K $490.0K $460.0K
YoY Change 10.2% 6.52% 15.0%
Operating Profit -$490.0K -$390.0K -$220.0K
YoY Change 25.64% 77.27% -8.33%
Interest Expense $0.00 $10.00K
YoY Change -100.0%
% of Operating Profit
Other Income/Expense, Net $35.16K $0.00 $10.00K
YoY Change -100.0%
Pretax Income -$440.0K -$10.00K -$220.0K
YoY Change 4300.0% -95.45% -8.33%
Income Tax
% Of Pretax Income
Net Earnings -$440.0K -$10.00K -$220.0K
YoY Change 4300.0% -95.45% -8.33%
Net Earnings / Revenue -338.46% -6.25% -64.71%
Basic Earnings Per Share -$0.44
Diluted Earnings Per Share -$440.0K -$10.75K -$183.3K
COMMON SHARES
Basic Shares Outstanding 1.000M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2022 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00K $350.0K $90.00K
YoY Change -94.29% 288.89% 50.0%
Cash & Equivalents $20.00K $350.0K $90.00K
Short-Term Investments
Other Short-Term Assets $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
Inventory $10.00K $10.00K $20.00K
Prepaid Expenses
Receivables $0.00 $0.00 $0.00
Other Receivables $10.00K $0.00 $0.00
Total Short-Term Assets $70.00K $380.0K $130.0K
YoY Change -81.58% 192.31% -13.33%
LONG-TERM ASSETS
Property, Plant & Equipment $590.0K $640.0K $280.0K
YoY Change -7.81% 128.57% 100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $590.0K $640.0K $280.0K
YoY Change -7.81% 128.57% 100.0%
TOTAL ASSETS
Total Short-Term Assets $70.00K $380.0K $130.0K
Total Long-Term Assets $590.0K $640.0K $280.0K
Total Assets $660.0K $1.020M $410.0K
YoY Change -35.29% 148.78% 41.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 0.0%
Accrued Expenses $120.0K $100.0K $120.0K
YoY Change 20.0% -16.67% 71.43%
Deferred Revenue
YoY Change
Short-Term Debt $1.070M $890.0K $920.0K
YoY Change 20.22% -3.26% 27.78%
Long-Term Debt Due $20.00K $20.00K $20.00K
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $1.250M $1.150M $1.160M
YoY Change 8.7% -0.86% 24.73%
LONG-TERM LIABILITIES
Long-Term Debt $10.00K $30.00K $30.00K
YoY Change -66.67% 0.0% -40.0%
Other Long-Term Liabilities $230.0K $250.0K $80.00K
YoY Change -8.0% 212.5%
Total Long-Term Liabilities $240.0K $280.0K $110.0K
YoY Change -14.29% 154.55% 120.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.250M $1.150M $1.160M
Total Long-Term Liabilities $240.0K $280.0K $110.0K
Total Liabilities $1.490M $1.430M $1.270M
YoY Change 4.2% 12.6% 29.59%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$840.0K -$410.0K -$860.0K
YoY Change
Total Liabilities & Shareholders Equity $660.0K $1.020M $410.0K
YoY Change -35.29% 148.78% 41.38%

Cashflow Statement

Concept 2022 2021 2020
OPERATING ACTIVITIES
Net Income -$440.0K -$10.00K -$220.0K
YoY Change 4300.0% -95.45% -8.33%
Depreciation, Depletion And Amortization $140.0K $30.00K $30.00K
YoY Change 366.67% 0.0% 200.0%
Cash From Operating Activities -$450.0K -$250.0K -$180.0K
YoY Change 80.0% 38.89% -35.71%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$220.0K -$30.00K
YoY Change -77.27% 633.33% -78.57%
Acquisitions
YoY Change
Other Investing Activities $10.00K
YoY Change
Cash From Investing Activities -$50.00K -$210.0K -$30.00K
YoY Change -76.19% 600.0% -78.57%
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 170.0K 720.0K 240.0K
YoY Change -76.39% 200.0% -50.0%
NET CHANGE
Cash From Operating Activities -450.0K -250.0K -180.0K
Cash From Investing Activities -50.00K -210.0K -30.00K
Cash From Financing Activities 170.0K 720.0K 240.0K
Net Change In Cash -330.0K 260.0K 30.00K
YoY Change -226.92% 766.67% -50.0%
FREE CASH FLOW
Cash From Operating Activities -$450.0K -$250.0K -$180.0K
Capital Expenditures -$50.00K -$220.0K -$30.00K
Free Cash Flow -$400.0K -$30.00K -$150.0K
YoY Change 1233.33% -80.0% 7.14%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2022Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2021Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
USD
CY2021Q1 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
USD
CY2022 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
USD
CY2022 SHMY Loan Waiver From Amount Due To Related Parties
LoanWaiverFromAmountDueToRelatedParties
USD
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
USD
CY2022 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
USD
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
USD
CY2022 SHMY Disposal Gain On Synergy Empire Hk
DisposalGainOnSynergyEmpireHk
USD
CY2022 SHMY Loan Forgiven Amount Due To Related Party
LoanForgivenAmountDueToRelatedParty
USD
CY2022 SHMY Loan Forgiven Amount Due To Other Creditor
LoanForgivenAmountDueToOtherCreditor
USD
CY2022 SHMY Rental Rebate Due To Covid
RentalRebateDueToCovid
USD
CY2022 SHMY Disposal Gain On Motor Vehicle
DisposalGainOnMotorVehicle
USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
USD
CY2022Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
USD
CY2020 SHMY Adjustment For Discontinuation Of Tenancy
AdjustmentForDiscontinuationOfTenancy
USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
USD
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
USD
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
USD
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
USD
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021Q1 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD

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