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)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 177 | 182 | 123 | 195 | 178 | 161 | |||
| Cash and cash equivalents | 177 | 182 | 123 | 195 | 178 | 161 | |||
| Restricted cash and investments | 27 | 27 | |||||||
| Receivables | 316 | 631 | |||||||
| Prepaid expense | 84 | 89 | 100 | 92 | 101 | 79 | |||
| Other undisclosed current assets | 383 | 370 | |||||||
| Total current assets: | 986 | 1,298 | 223 | 288 | 279 | 240 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 348 | 446 | 484 | 535 | 233 | 334 | |||
| Property, plant and equipment | 339 | 378 | 430 | 463 | 540 | 607 | |||
| Intangible assets, net (including goodwill) | 15 | 16 | 18 | 18 | 20 | 22 | |||
| Intangible assets, net (excluding goodwill) | 15 | 16 | 18 | 18 | 20 | 22 | |||
| Other undisclosed noncurrent assets | 24,804 | 25,863 | |||||||
| Total noncurrent assets: | 25,507 | 26,703 | 932 | 1,016 | 793 | 964 | |||
| Other undisclosed assets | 28,345 | 28,173 | 31,264 | 34,118 | |||||
| TOTAL ASSETS: | 26,493 | 28,002 | 29,500 | 29,477 | 32,336 | 35,321 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 12,232 | 10,562 | 853 | ||||||
| Taxes payable | 853 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 12,232 | 10,562 | |||||||
| Debt | 7,512 | 7,485 | |||||||
| Deferred rent credit | 3,783 | 4,195 | |||||||
| Due to related parties | |||||||||
| Other undisclosed current liabilities | 58,501 | 58,166 | |||||||
| Total current liabilities: | 82,029 | 80,408 | 853 | ||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 59,288 | ||||||||
| Long-term debt, excluding current maturities | 59,288 | ||||||||
| Liabilities, other than long-term debt | 31,977 | 31,495 | |||||||
| Due to related parties | 12,383 | 11,859 | |||||||
| Other liabilities | 19,595 | 19,637 | |||||||
| Other undisclosed noncurrent liabilities | 151,323 | 152,534 | |||||||
| Total noncurrent liabilities: | 183,301 | 184,029 | 59,288 | ||||||
| Other undisclosed liabilities | 207,735 | 259,908 | 268,497 | 270,711 | |||||
| Total liabilities: | 265,329 | 264,437 | 267,023 | 260,761 | 268,497 | 270,711 | |||
| Equity | |||||||||
| Equity, attributable to parent | (195,332) | (193,402) | (194,222) | (189,105) | (192,867) | (192,021) | |||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | |||
| Additional paid in capital | 11,827 | 11,827 | 11,827 | 11,827 | 11,827 | 11,827 | |||
| Accumulated other comprehensive income (loss) | (56) | 551 | (2,243) | 2,222 | (4,014) | (7,350) | |||
| Accumulated deficit | (207,105) | (205,783) | (203,808) | (203,156) | (200,682) | (195,610) | |||
| Stockholders' equity note, subscriptions receivable | (891) | ||||||||
| Equity, attributable to noncontrolling interest | (43,505) | (43,034) | (43,301) | (42,180) | (43,294) | (43,369) | |||
| Other undisclosed equity | (0) | ||||||||
| Total equity: | (238,837) | (236,436) | (237,523) | (231,285) | (236,161) | (235,390) | |||
| TOTAL LIABILITIES AND EQUITY: | 26,493 | 28,002 | 29,500 | 29,477 | 32,336 | 35,321 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,626 | 1,488 | 1,901 | 1,906 | 2,198 | 2,187 | ||
| Gross profit: | 1,626 | 1,488 | 1,901 | 1,906 | 2,198 | 2,187 | ||
| Operating expenses | (1,902) | (1,870) | (12,579) | (5,901) | (2,723) | |||
| Operating income (loss): | (275) | (382) | (10,678) | 1,906 | (3,703) | (537) | ||
| Nonoperating expense | (1,381) | (2,042) | (6,728) | (2,148) | (1,129) | |||
| Gain (loss), foreign currency transaction, before tax | 90 | (458) | (524) | 543 | ||||
| Interest and debt expense | (13) | (14) | (14) | (14) | (14) | (14) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,670) | (2,438) | (17,419) | 1,892 | (5,865) | (1,680) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 13 | 14 | 16,576 | (4,648) | 14 | 14 | ||
| Loss from continuing operations before income taxes: | (1,656) | (2,424) | (843) | (2,755) | (5,851) | (1,666) | ||
| Income tax expense | (496) | (2,500) | (528) | |||||
| Loss from continuing operations: | (1,656) | (2,920) | (3,343) | (2,755) | (5,851) | (2,193) | ||
| Loss before gain (loss) on sale of properties: | (1,656) | (2,920) | (3,343) | (2,755) | (5,851) | (2,193) | ||
| Other undisclosed net income | 528 | |||||||
| Net loss: | (1,656) | (2,920) | (3,343) | (2,755) | (5,851) | (1,666) | ||
| Net income attributable to noncontrolling interest | 334 | 450 | 191 | 281 | 779 | 245 | ||
| Other undisclosed net income attributable to parent | 496 | 2,500 | ||||||
| Net loss available to common stockholders, diluted: | (1,322) | (1,974) | (652) | (2,475) | (5,072) | (1,421) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2020 Q3 | 6/30/2020 Q2 | 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,656) | (2,920) | (3,343) | (2,755) | (5,851) | (1,666) | ||
| Other comprehensive income (loss) | (2,401) | 1,087 | (6,238) | 4,876 | (1,662) | (6,157) | ||
| Other undisclosed comprehensive income | 4,998 | |||||||
| Comprehensive income (loss): | (4,057) | (1,834) | (9,581) | 2,121 | (2,516) | (7,823) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 137 | (267) | 2,425 | (1,395) | (853) | 882 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 1,656 | 2,920 | 3,343 | 2,755 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,264) | 820 | (3,812) | 3,481 | (3,369) | (6,941) | ||
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.