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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments698568132107127299
Cash and cash equivalents698568132107127299
Receivables787959611259  
Prepaid expense205212195197198146142
Other undisclosed current assets533499518518460212139
Total current assets:1,595891876959824485580
Noncurrent Assets
Operating lease, right-of-use asset 4494143189229277
Property, plant and equipment2,3082,3432,3162,3572,4061,9261,848
Long-term investments and receivables   1,072873700 
Due from related parties   1,072873700 
Intangible assets, net (including goodwill)1,0971,0971,0971,0971,097 1,097
Intangible assets, net (excluding goodwill)1,0971,0971,0971,0971,097 1,097
Other undisclosed noncurrent assets50  (1,072)(873)694103
Total noncurrent assets:3,4553,4853,5073,5973,6933,5503,326
TOTAL ASSETS:5,0504,3754,3844,5564,5174,0353,906
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6042051791242391,4761,028
Accounts payable458564619101,281884
Accrued liabilities123148133105228194145
Taxes payable23      
Interest and dividends payable    1  
Debt191261285334567388378
Due to related parties387387387387385383384
Other undisclosed current liabilities1,6751,4831,3781,3921,188(166)(189)
Total current liabilities:2,8572,3362,2292,2362,3792,0801,602
Noncurrent Liabilities
Long-term debt and lease obligation     89190
Long-term debt, excluding current maturities     4495
Finance lease, liability     4495
Liabilities, other than long-term debt 901721693331685
Asset retirement obligations 323233333131
Due to related parties 58    653
Other liabilities  140136   
Other undisclosed noncurrent liabilities1,6301,3001,2391,2201,1497576
Total noncurrent liabilities:1,6301,3901,4111,3881,183877881
Total liabilities:4,4863,7263,6393,6243,5622,9572,483
Stockholders' equity
Stockholders' equity attributable to parent, including:5636497449329551,0781,423
Common stock1111111
Additional paid in capital11,48311,42811,26911,16610,82510,42310,174
Accumulated other comprehensive income (loss)303713(10,160)(9,733)(9,073)(277)
Accumulated deficit(10,952)(10,817)(10,513)   (8,476)
Other undisclosed stockholders' equity attributable to parent  (26)(76)(138)(275) 
Total stockholders' equity:5636497449329551,0781,423
TOTAL LIABILITIES AND EQUITY:5,0504,3754,3844,5564,5174,0353,906

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues646153954283  
Other undisclosed gross profit    466(321)(130)
Gross profit:646153954749(321)(130)
Operating expenses(39)(7)(10)(5)660256406
Other undisclosed operating loss(685)(292)(373)(445)(2,258)(513)(812)
Operating loss:(77)(285)(345)(397)(848)(578)(536)
Nonoperating income15216019500
Foreign currency transaction gain, before tax    137  
Debt instrument, convertible, beneficial conversion feature   7   
Other nonoperating income15216    
Interest and debt expense(49)(21)(24)3071928
Other undisclosed loss from continuing operations before equity method investments, income taxes   (60)(15)(38)(57)
Loss from continuing operations before income taxes:(112)(304)(353)(427)(661)(597)(564)
Other undisclosed loss from continuing operations(23)      
Net loss available to common stockholders, diluted:(135)(304)(353)(427)(661)(597)(564)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(135)(304)(353)(427)(661)(597)(564)
Comprehensive loss:(135)(304)(353)(427)(661)(597)(564)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6)5063621372(17)
Comprehensive loss, net of tax, attributable to parent:(141)(254)(291)(364)(524)(595)(581)

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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