AB INTERNATIONAL GROUP CORP. (ABQQ) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
48 WALL STREET NEW YORK, NY 10005 |
| State of Incorp. | NV |
| Fiscal Year End | August 31 |
| Industry (SIC) | 6794 - Patent Owners and Lessors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 5/31/2023 MRQ | 11/30/2022 MRQ | 8/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 20 | 84 | 132 | 2,455 | 1,565 | 210 | |||
| Cash and cash equivalents | 20 | 84 | 132 | 2,455 | 1,565 | 210 | |||
| Receivables | 60 | 1 | 225 | 1,117 | 10 | ||||
| Prepaid expense | 9 | 13 | 14 | 11 | 22 | 334 | |||
| Deferred costs | 48 | 77 | |||||||
| Other undisclosed current assets | 59 | 684 | 11 | 1,289 | |||||
| Total current assets: | 148 | 97 | 879 | 2,779 | 3,993 | 554 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 938 | 1,004 | 48 | 126 | ✕ | ||||
| Property, plant and equipment | 12 | 13 | 17 | 16 | 20 | ||||
| Intangible assets, net (including goodwill) | 3,475 | 3,798 | 3,999 | 175 | 414 | 641 | |||
| Intangible assets, net (excluding goodwill) | 3,475 | 3,798 | 3,999 | 175 | 414 | 641 | |||
| Deferred costs | 863 | 48 | |||||||
| Other undisclosed noncurrent assets | 570 | 815 | 1,798 | 150 | |||||
| Total noncurrent assets: | 4,995 | 5,678 | 4,878 | 2,164 | 583 | 641 | |||
| TOTAL ASSETS: | 5,143 | 5,775 | 5,758 | 4,943 | 4,576 | 1,195 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 565 | 294 | 118 | 365 | 117 | 89 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 2 | |||||
| Taxes payable | ✕ | ✕ | ✕ | 57 | 65 | 55 | |||
| Accounts payable | 4 | ||||||||
| Accrued liabilities | 231 | 230 | 48 | 74 | |||||
| Other undisclosed accounts payable and accrued liabilities | 334 | 64 | 68 | 235 | 49 | 33 | |||
| Debt | 439 | ||||||||
| Due to related parties | 379 | 377 | 2 | 0 | 2 | 2 | |||
| Other undisclosed current liabilities | 279 | 283 | 987 | 134 | 226 | 55 | |||
| Total current liabilities: | 1,222 | 954 | 1,108 | 938 | 345 | 146 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 805 | 863 | 48 | ||||||
| Accounts payable and accrued liabilities | 805 | 863 | 48 | ||||||
| Total noncurrent liabilities: | 805 | 863 | 48 | ||||||
| Total liabilities: | 2,027 | 1,817 | 1,108 | 987 | 345 | 146 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,116 | 4,022 | 4,650 | 3,956 | 4,231 | 1,049 | |||
| Common stock | 660 | 385 | 227 | 47 | 5 | 147 | |||
| Additional paid in capital | 12,583 | 12,637 | 11,010 | 7,272 | 6,521 | 2,867 | |||
| Deferred compensation equity | (127) | (210) | (7) | (392) | (843) | (918) | |||
| Accumulated deficit | (10,000) | (8,790) | (6,579) | (2,971) | (1,452) | (1,047) | |||
| Receivable from shareholders or affiliates for issuance of capital stock | (62) | ||||||||
| Stockholders' equity note, subscriptions receivable | (87) | ||||||||
| Other undisclosed equity, attributable to parent | 0 | 0 | 87 | 62 | |||||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | 3,116 | 4,022 | 4,650 | 3,956 | 4,231 | 1,049 | |||
| Other undisclosed liabilities and equity | (0) | 0 | |||||||
| TOTAL LIABILITIES AND EQUITY: | 5,143 | 5,839 | 5,758 | 4,943 | 4,576 | 1,195 | |||
Income Statement (P&L) ($ in thousands)
| 5/31/2023 TTM | 11/30/2022 TTM | 8/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,165 | 2,928 | 115 | 448 | 434 | 250 | ||
| Gain (loss) on disposition of assets for financial service operations | 65 | (65) | ||||||
| Net investment income | 0 | 166 | ||||||
| Cost of revenue | (3,481) | (3,222) | (1,494) | (178) | (175) | (150) | ||
| Cost of goods and services sold | (178) | (175) | (150) | |||||
| Gross profit: | (316) | (294) | (1,379) | 271 | 259 | 100 | ||
| Operating expenses | 1,869 | 1,738 | 1,845 | 1,640 | (702) | (977) | ||
| Other undisclosed operating loss | (3,738) | (3,476) | (3,689) | |||||
| Operating income (loss): | (2,185) | (2,032) | (3,224) | 1,911 | (443) | (877) | ||
| Nonoperating income | 67 | 65 | ||||||
| Debt instrument, convertible, beneficial conversion feature | 65 | 65 | ||||||
| Interest and debt expense | (0) | (157) | (256) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,185) | (2,032) | (3,314) | 1,720 | (443) | (877) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (142) | (142) | (349) | (280) | ||||
| Income (loss) from continuing operations before income taxes: | (2,327) | (2,174) | (3,663) | 1,720 | (443) | (1,157) | ||
| Income tax expense | (55) | |||||||
| Other undisclosed income (loss) from continuing operations | (3,243) | 38 | ||||||
| Loss from continuing operations: | (2,327) | (2,174) | (3,719) | (1,523) | (405) | (1,157) | ||
| Loss before gain (loss) on sale of properties: | (1,123) | (2,174) | (3,719) | (1,523) | (405) | (1,112) | ||
| Income from discontinued operations | 45 | |||||||
| Net loss: | (2,327) | (2,174) | (3,719) | (1,523) | (405) | (1,112) | ||
| Other undisclosed net income attributable to parent | 111 | |||||||
| Net loss attributable to parent: | (2,327) | (2,174) | (3,608) | (1,523) | (405) | (1,112) | ||
| Other undisclosed net loss available to common stockholders, basic | (41) | (37) | ||||||
| Net loss available to common stockholders, basic: | (2,369) | (2,211) | (3,608) | (1,523) | (405) | (1,112) | ||
| Interest on convertible debt | 9 | |||||||
| Dilutive securities, effect on basic earnings per share | 49,978 | 6,615 | ||||||
| Net income (loss) available to common stockholders, diluted: | 47,609 | (2,211) | (3,600) | 5,092 | (405) | (1,112) | ||
Comprehensive Income ($ in thousands)
| 5/31/2023 TTM | 11/30/2022 TTM | 8/31/2022 | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,327) | (2,174) | (3,719) | (1,523) | (405) | (1,112) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,327) | (2,174) | (3,719) | (1,523) | (405) | (1,112) | ||
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.