$YCQH
YCQH Agricultural Technology Co. Ltd

2022 Q3 Form 10-Q Financial Statement

#000149315222021566 Filed on August 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $28.85K $10.86K $13.96K
YoY Change 360.39% -73.15%
Cost Of Revenue $5.566K $6.428K $7.819K
YoY Change 73.29% -70.21%
Gross Profit $23.28K $4.436K $6.143K
YoY Change 662.34% -76.5%
Gross Profit Margin 80.71% 40.83% 44.0%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit 0.0%
Operating Expenses
YoY Change
Operating Profit -$18.78K -$36.08K -$25.75K
YoY Change -83.25% 177.41%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$18.78K -$36.07K -$25.74K
YoY Change -83.25% 177.73%
Income Tax
% Of Pretax Income
Net Earnings -$18.78K -$36.07K -$25.74K
YoY Change -83.25% 177.73% -4.46%
Net Earnings / Revenue -65.09% -332.02% -184.37%
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share $0.00 $0.00
COMMON SHARES
Basic Shares Outstanding 101.4M shares 101.4M shares 101.4M shares
Diluted Shares Outstanding 101.4M shares 101.4M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $12.53K $19.75K $20.07K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $57.72K $67.12K
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $80.37K $93.94K
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.237K $6.452K
YoY Change
TOTAL ASSETS
Total Short-Term Assets $80.37K $93.94K
Total Long-Term Assets $2.237K $6.452K
Total Assets $82.61K $100.4K $115.0K
YoY Change -63.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $312.7K $306.1K
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $312.7K $306.1K
Total Long-Term Liabilities
Total Liabilities $312.7K $306.1K
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings -$396.1K -$377.4K
YoY Change
Common Stock $10.14K $10.14K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$230.1K -$205.7K -$164.3K
YoY Change
Total Liabilities & Shareholders Equity $82.61K $100.4K
YoY Change

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$18.78K -$36.07K -$25.74K
YoY Change -83.25% 177.73% -4.46%
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$27.16K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
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 $14.20K
YoY Change
NET CHANGE
Cash From Operating Activities -$27.16K
Cash From Investing Activities
Cash From Financing Activities $14.20K
Net Change In Cash -$12.96K
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$27.16K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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YCQH AGRICULTURAL TECHNOLOGY CO. LTD
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<p id="xdx_80D_eus-gaap--BasisOfAccounting_zOxiRCRBjYi2" 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"><b>2. <span id="xdx_82F_zq5kmKVvxU7a">BASIS OF PRESENTATION</span></b></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> <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">The accompanying consolidated financial statements of the Company are prepared pursuant to the rules and regulations of the U.S. Securities and Exchanges Commission (“SEC”) and in conformity with generally accepted accounting principles in the U.S. (“US GAAP”). All material inter-company accounts and transactions have been eliminated on consolidation. The Company has adopted December 31 as its fiscal year end.</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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UseOfEstimates
<p id="xdx_84F_eus-gaap--UseOfEstimates_z4xkjWTRv3q9" 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 style="text-decoration: underline">Use of estimates</span></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> <p 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">The preparation of the condensed consolidated financial statements in conformity with US GAAP 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.</span></p> <p 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></p>
CY2022Q2 YCQH Working Capital Deficit
WorkingCapitalDeficit
-212198 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 lease
CY2022Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7079 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
3139 usd
YCQH Income Tax Reconciliation Computed Expected Benefits
IncomeTaxReconciliationComputedExpectedBenefits
-9983 usd
CY2022Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
13669 usd
us-gaap Net Income Loss
NetIncomeLoss
-61814 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-377350 usd
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
24815 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
969 usd
us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
903 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
67115 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
85321 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
67115 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
85321 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
6452 usd
CY2022Q2 us-gaap Deposits Assets Current
DepositsAssetsCurrent
13 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
13 usd
CY2022Q2 us-gaap Due From Employees
DueFromEmployees
1363 usd
CY2021Q4 us-gaap Due From Employees
DueFromEmployees
617 usd
CY2022Q2 us-gaap Prepaid Rent
PrepaidRent
2380 usd
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
2509 usd
CY2022Q2 YCQH Deposit Current
DepositCurrent
1493 usd
CY2022Q2 YCQH Prepaid Transfer Agent Fee And Renewal
PrepaidTransferAgentFeeAndRenewal
1830 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
8100 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
14484 usd
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
9080 usd
CY2022Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
4269 usd
CY2021Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
70 usd
CY2022Q2 YCQH Accrued Audit Fees Current
AccruedAuditFeesCurrent
4000 usd
CY2021Q4 YCQH Accrued Audit Fees Current
AccruedAuditFeesCurrent
16645 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
5400 usd
CY2022Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
286018 usd
CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
235517 usd
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
101400000 shares
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
101400000 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
101400000 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
101400000 shares
CY2022Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
800000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
200000000 shares
CY2022Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2022Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
6452 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6452 usd
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
30699 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
16088 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
632 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15243 usd
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30699 usd
CY2021 YCQH Lessee Operating Lease Liability Imputed Interest
LesseeOperatingLeaseLiabilityImputedInterest
1064 usd
CY2021 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
17152 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
632 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15243 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15243 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
8255 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
536 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
6452 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
15243 usd
YCQH Lessee Operating Lease Liability Imputed Interest
LesseeOperatingLeaseLiabilityImputedInterest
239 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
8494 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
536 usd
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
8494 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P0Y4M20D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0475 pure
CY2022Q2 us-gaap Cost Of Revenue
CostOfRevenue
6428 usd
CY2021Q2 us-gaap Cost Of Revenue
CostOfRevenue
21581 usd
us-gaap Cost Of Revenue
CostOfRevenue
14248 usd
us-gaap Cost Of Revenue
CostOfRevenue
31835 usd
YCQH Effective Income Tax Rate Reconciliation Computed Expected Benefits
EffectiveIncomeTaxRateReconciliationComputedExpectedBenefits
0.25 pure
YCQH Effective Income Tax Rate Reconciliation Computed Expected Benefits
EffectiveIncomeTaxRateReconciliationComputedExpectedBenefits
0.25 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.02 pure
us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.02 pure
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.23 pure
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
83644 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
69195 usd
CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
83644 usd
us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021Q4 YCQH Deposit Current
DepositCurrent
usd
CY2021Q4 YCQH Prepaid Transfer Agent Fee And Renewal
PrepaidTransferAgentFeeAndRenewal
usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
pure
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
usd
CY2022Q2 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true

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ycqh-20220630.xsd Edgar Link pending
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ycqh-20220630_lab.xml Edgar Link unprocessable