TGS INTERNATIONAL LTD. financial statements (2021 and earlier)

Company profile

Business Address ROOM 20, 8/F, WOON LEE
TSIM SHA TSUI, KOWLOON, 00000
State of Incorp. NV
Fiscal Year End December 31
SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
2/28/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69107988
Cash and cash equivalents69107988
Receivables78759  
Prepaid expense2051981422
Other undisclosed current assets53346069 
Total current assets:1,59582430911
Noncurrent Assets
Operating lease, right-of-use asset 189
Property, plant and equipment2,3082,4061,5588
Long-term investments and receivables 873  
Due from related parties 873  
Intangible assets, net (including goodwill)1,0971,0971,097 
Intangible assets, net (excluding goodwill)1,0971,0971,097 
Other undisclosed noncurrent assets50(873)  
Total noncurrent assets:3,4553,6932,6558
TOTAL ASSETS:5,0504,5172,96419
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities60423953925
Accounts payable4581023725
Accrued liabilities123228301 
Taxes payable23   
Interest and dividends payable 1  
Debt191567  
Due to related parties38738576655
Other undisclosed current liabilities1,6751,18874 
Total current liabilities:2,8572,3791,37880
Noncurrent Liabilities
Liabilities, other than long-term debt 33430 
Asset retirement obligations 3331 
Due to related parties  398 
Other undisclosed noncurrent liabilities1,6301,149102 
Total noncurrent liabilities:1,6301,183532 
Total liabilities:4,4863,5621,91080
Stockholders' equity
Stockholders' equity attributable to parent, including:5639551,053(61)
Common stock1111
Additional paid in capital11,48310,8258,93733
Accumulated other comprehensive income (loss)30(9,733)(268)(0)
Accumulated deficit(10,952) (7,617)(95)
Other undisclosed stockholders' equity attributable to parent (138)  
Total stockholders' equity:5639551,053(61)
TOTAL LIABILITIES AND EQUITY:5,0504,5172,96419

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
2/28/2018
Revenues75428366834
Revenue, net34
Cost of revenue
(Cost of Goods and Services Sold)
  (517)(22)
Gross profit:75428315112
Operating expenses(103)1,439(1,343)(93)
Other undisclosed operating loss(1,754)(3,957)  
Operating loss:(1,103)(2,234)(1,192)(81)
Nonoperating income3219634 
Foreign currency transaction gain, before tax 13030 
Other nonoperating income32   
Interest and debt expense(124)77(84) 
Other undisclosed loss from continuing operations before equity method investments, income taxes (154)  
Loss from continuing operations before income taxes:(1,195)(2,116)(1,241)(81)
Income tax expense(23)   
Net loss available to common stockholders, diluted:(1,218)(2,116)(1,241)(81)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
2/28/2018
Net loss:(1,218)(2,116)(1,241)(81)
Other comprehensive loss  (39) 
Comprehensive loss:(1,218)(2,116)(1,281)(81)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent168130 (0)
Comprehensive loss, net of tax, attributable to parent:(1,050)(1,986)(1,281)(81)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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