Alset Inc. (AEI) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4800 MONTGOMERY LANE BETHESDA, MD 20814 |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 29,070 | 77,103 | 123,199 | 70,982 | |||
| Cash and cash equivalent | 26,922 | 17,827 | 56,061 | 22,124 | |||
| Short-term investments | 2,149 | 59,275 | 67,138 | 48,857 | |||
| Restricted cash and investments | 4,741 | 39 | |||||
| Receivables | 2,654 | 4,110 | 374 | 625 | |||
| Inventory, net of allowances, customer advances and progress billings | 6 | 35 | 47 | 90 | |||
| Inventory | 6 | 35 | 47 | 90 | |||
| Prepaid expense | 254 | 188 | 1,202 | 1,471 | |||
| Deferred costs | 3,514 | ||||||
| Deposits current assets | 133 | 275 | 47 | ||||
| Other undisclosed current assets | 23,345 | 13,986 | 12,892 | 5,134 | |||
| Total current assets: | 55,461 | 95,422 | 142,732 | 81,901 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 1,467 | 1,614 | 660 | 575 | |||
| Inventory, real estate | 40,515 | 20,506 | |||||
| Property, plant and equipment | 742 | 1,298 | 264 | 85 | |||
| Intangible assets, net (including goodwill) | 60 | ||||||
| Goodwill | 60 | ||||||
| Deposits noncurrent assets | 338 | 537 | 40 | 250 | |||
| Asset, held-in-trust | 21,253 | ||||||
| Other undisclosed noncurrent assets | 46,993 | 54,619 | |||||
| Total noncurrent assets: | 70,853 | 58,068 | 41,479 | 21,415 | |||
| TOTAL ASSETS: | 126,314 | 153,490 | 184,210 | 103,317 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 4,373 | 2,983 | 11,342 | 1,287 | |||
| Accounts payable | 1,287 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 4,373 | 2,983 | 11,342 | ||||
| Deferred revenue | 2 | ||||||
| Debt | 182 | 318 | 173 | ||||
| Deferred compensation liability | 3,019 | ||||||
| Other liabilities | 266 | ||||||
| Due to related parties | ✕ | ✕ | 13 | 834 | 1,526 | ||
| Other undisclosed current liabilities | 951 | 67 | 1,044 | 4,511 | |||
| Total current liabilities: | 8,345 | 3,245 | 13,537 | 7,763 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 126 | 383 | 830 | ||||
| Long-term debt, excluding current maturities | 126 | 636 | |||||
| Liabilities, other than long-term debt | 596 | 1,582 | |||||
| Operating lease, liability | 596 | 1,582 | 383 | 193 | |||
| Other undisclosed noncurrent liabilities | (383) | (193) | |||||
| Total noncurrent liabilities: | 722 | 1,582 | 383 | 830 | |||
| Total liabilities: | 9,067 | 4,827 | 13,920 | 8,593 | |||
| Temporary equity, including noncontrolling interest | 20,457 | ||||||
| Equity | |||||||
| Equity, attributable to parent | 88,189 | 137,654 | 148,378 | 57,101 | |||
| Common stock | 9 | 7 | 87 | 9 | |||
| Additional paid in capital | 332,455 | 322,535 | 296,182 | 97,950 | |||
| Accumulated other comprehensive income (loss) | 3,610 | 3,836 | 342 | 2,153 | |||
| Accumulated deficit | (247,886) | (188,724) | (148,233) | (43,011) | |||
| Equity, attributable to noncontrolling interest | 8,602 | 11,009 | 21,912 | 37,623 | |||
| Total equity: | 96,790 | 148,663 | 170,290 | 94,724 | |||
| TOTAL LIABILITIES AND EQUITY: | 126,314 | 153,490 | 184,210 | 103,317 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Revenues | 22,089 | 6,891 | 19,799 | 16,238 | ||
| Gain (loss) on disposition of assets for financial service operations | 502 | (417) | (4,698) | |||
| Realized investment gains | 11,376 | 7,309 | 4,698 | |||
| Cost of revenue (Cost of Product and Service Sold) | (14,576) | (3,732) | (11,302) | (12,086) | ||
| Other undisclosed gross profit | (2,411) | |||||
| Gross profit: | 7,512 | 748 | 8,497 | 4,153 | ||
| Operating expenses | (9,529) | (7,838) | (34,793) | (17,929) | ||
| Other undisclosed operating income (loss) | (856) | 11,302 | 12,086 | |||
| Operating loss: | (2,873) | (7,089) | (14,994) | (1,690) | ||
| Nonoperating income (expense) | (58,314) | (39,123) | (103,489) | (2,282) | ||
| Gain (loss), foreign currency transaction, before tax | (697) | (548) | 1,363 | (354) | ||
| Other nonoperating income | 2,277 | 1,154 | 94 | |||
| Interest and debt expense | (4) | 69 | (317) | (148) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 317 | 148 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (61,190) | (46,144) | (118,484) | (3,972) | ||
| Loss from equity method investments | (24,483) | (686) | (52) | (228) | ||
| Other undisclosed income from continuing operations before income taxes | 24,487 | 617 | 52 | 228 | ||
| Loss from continuing operations before income taxes: | (61,186) | (46,213) | (118,484) | (3,972) | ||
| Income tax expense | (92) | (534) | (9) | |||
| Loss from continuing operations: | (61,279) | (46,213) | (119,018) | (3,981) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (119,018) | (4,398) | |
| Loss from discontinued operations | (417) | |||||
| Net loss: | (61,279) | (46,213) | (119,018) | (4,398) | ||
| Net income attributable to noncontrolling interest | 2,332 | 5,722 | ||||
| Net loss attributable to parent: | (58,946) | (40,491) | (119,018) | (4,398) | ||
| Other undisclosed net income available to common stockholders, basic | 15,694 | 1,882 | ||||
| Net loss available to common stockholders, diluted: | (58,946) | (40,491) | (103,323) | (2,517) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|---|---|
| Net loss: | (61,279) | (46,213) | (119,018) | (4,398) | ||
| Other comprehensive loss | (302) | (468) | (4,032) | (3,230) | ||
| Other undisclosed comprehensive income | 1,017 | |||||
| Comprehensive loss: | (61,580) | (45,664) | (123,050) | (7,628) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 2,332 | 5,621 | 16,933 | 1,315 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (2,332) | 4,398 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (61,580) | (40,043) | (106,117) | (1,915) | ||
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.