Africa Growth Corporation (AFGC) Financial Statements (2024 and earlier)

Company Profile

Business Address 41 CEDAR AVENUE
HAMILTON, HM12
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 106,0516,0006,8596,679
Cash and cash equivalents 106,0516,0006,8596,679
Other undisclosed current assets    3,100 
Total current assets: 106,0516,0009,9596,679
Noncurrent Assets
Other undisclosed noncurrent assets   429,441183,4738,400
Total noncurrent assets:   429,441183,4738,400
TOTAL ASSETS: 106,051435,441193,43215,079
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  23,518249,23523,941 
Accounts payable   249,23523,941 
Other undisclosed accounts payable and accrued liabilities  23,518   
Due to related parties 18,100651,750   
Other undisclosed current liabilities 20,880 505,695284,412 
Total current liabilities: 38,980675,268754,930308,353 
Noncurrent Liabilities
Liabilities, other than long-term debt  7,400   
Asset retirement obligations  7,400   
Other undisclosed noncurrent liabilities   5,6216,702 
Total noncurrent liabilities:  7,4005,6216,702 
Other undisclosed liabilities     296,912
Total liabilities: 38,980682,668760,551315,055296,912
Equity
Equity, attributable to parent, including: (38,970)(676,617)(325,110)(121,623)(281,833)
Common stock 19,95012,83012,83012,83011,058
Treasury stock, value 4,728(4,728)(4,461)(2,755)(1,712)
Additional paid in capital 985,861992,981992,981992,981211,582
Accumulated deficit (1,040,053)(1,677,700)   
Other undisclosed equity, attributable to parent (9,456) (1,326,460)(1,124,679)(502,761)
Total equity: (38,970)(676,617)(325,110)(121,623)(281,833)
TOTAL LIABILITIES AND EQUITY: 106,051435,441193,43215,079

Income Statement (P&L) (USD)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues  5,90233,09436,483781
Revenue, net  5,902   
Cost of revenue  (9,073)(41,467)(37,036) 
Cost of goods and services sold  (9,073)(38,516)(34,407) 
Gross profit:  (3,171)(8,373)(553)781
Operating expenses (137,688)(348,069)(193,408)(621,365)(286,459)
Operating loss: (137,688)(351,240)(201,781)(621,918)(285,678)
Loss from continuing operations: (137,688)(351,240)(201,781)(621,918)(285,678)
Income (loss) before gain (loss) on sale of properties: 637,647(351,240)(201,781)(621,918)(285,678)
Income from discontinued operations 775,335    
Net income (loss) available to common stockholders, diluted: 637,647(351,240)(201,781)(621,918)(285,678)

Comprehensive Income (USD)

6/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 637,647(351,240)(201,781)(621,918)(285,678)
Comprehensive income (loss), net of tax, attributable to parent: 637,647(351,240)(201,781)(621,918)(285,678)

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.

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