VICTORY COMMERCIAL MANAGEMENT INC. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
424 MADISON AVE. SUITE 1002, NEW YORK, NY 10017 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 651 - Real Estate Operators (except Developers) And Lessors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2020 MRQ | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 123 | 58 | |||
| Cash and cash equivalents | 123 | 58 | |||
| Prepaid expense | 100 | 79 | |||
| Total current assets: | 223 | 137 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 484 | ✕ | |||
| Property, plant and equipment | 430 | 635 | |||
| Intangible assets, net (including goodwill) | 18 | 23 | |||
| Intangible assets, net (excluding goodwill) | 18 | 23 | |||
| Total noncurrent assets: | 932 | 658 | |||
| Other undisclosed assets | 28,345 | 32,571 | |||
| TOTAL ASSETS: | 29,500 | 33,366 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 59,288 | ||||
| Long-term debt, excluding current maturities | 59,288 | ||||
| Total noncurrent liabilities: | 59,288 | ||||
| Other undisclosed liabilities | 207,735 | 262,718 | |||
| Total liabilities: | 267,023 | 262,718 | |||
| Equity | |||||
| Equity, attributable to parent | (194,222) | (187,110) | |||
| Common stock | 2 | 2 | |||
| Additional paid in capital | 11,827 | 10,816 | |||
| Accumulated other comprehensive loss | (2,243) | (3,740) | |||
| Accumulated deficit | (203,808) | (194,189) | |||
| Equity, attributable to noncontrolling interest | (43,301) | (42,242) | |||
| Other undisclosed equity | (0) | ||||
| Total equity: | (237,523) | (229,352) | |||
| TOTAL LIABILITIES AND EQUITY: | 29,500 | 33,366 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Revenues | 8,191 | 9,989 | ||
| Gross profit: | 8,191 | 9,989 | ||
| Operating expenses | (12,579) | (12,170) | ||
| Operating loss: | (4,387) | (2,181) | ||
| Nonoperating expense | (6,728) | (2,568) | ||
| Loss, foreign currency transaction, before tax | (271) | (1,221) | ||
| Other nonoperating income | 277 | 3,130 | ||
| Interest and debt expense | (55) | (52) | ||
| Loss from continuing operations before equity method investments, income taxes: | (11,170) | (4,801) | ||
| Other undisclosed income from continuing operations before income taxes | 55 | 52 | ||
| Loss from continuing operations before income taxes: | (11,115) | (4,749) | ||
| Income tax expense | (2,500) | |||
| Loss from continuing operations: | (13,615) | (4,749) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (13,615) | (4,749) | |
| Net loss: | (13,615) | (4,749) | ||
| Net income attributable to noncontrolling interest | 1,495 | 971 | ||
| Other undisclosed net income attributable to parent | 2,500 | |||
| Net loss available to common stockholders, diluted: | (9,620) | (3,777) | ||
Comprehensive Income ($ in thousands)
| 9/30/2020 TTM | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|
| Net loss: | (13,615) | (4,749) | ||
| Other comprehensive income (loss) | (9,181) | 5,949 | ||
| Comprehensive income (loss): | (22,796) | 1,200 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,059 | (1,998) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 13,615 | |||
| Comprehensive loss, net of tax, attributable to parent: | (8,122) | (798) | ||
Statements Sources
The financial statements are based on the Company's filings with 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.