Africa Growth Corporation (AFGC) Financial Statements (2025 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 | 10 | 6,051 | 6,000 | 6,859 | 6,679 | |||
| Cash and cash equivalent | 10 | 6,051 | 6,000 | 6,859 | 6,679 | |||
| Other undisclosed current assets | 3,100 | |||||||
| Total current assets: | 10 | 6,051 | 6,000 | 9,959 | 6,679 | |||
| Noncurrent Assets | ||||||||
| Other undisclosed noncurrent assets | 429,441 | 183,473 | 8,400 | |||||
| Total noncurrent assets: | 429,441 | 183,473 | 8,400 | |||||
| TOTAL ASSETS: | 10 | 6,051 | 435,441 | 193,432 | 15,079 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 23,518 | 249,235 | 23,941 | |||||
| Accounts payable | 249,235 | 23,941 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 23,518 | |||||||
| Due to related parties | 18,100 | 651,750 | ||||||
| Other undisclosed current liabilities | 20,880 | 505,695 | 284,412 | |||||
| Total current liabilities: | 38,980 | 675,268 | 754,930 | 308,353 | ||||
| Noncurrent Liabilities | ||||||||
| Liabilities, other than long-term debt | 7,400 | |||||||
| Asset retirement obligations | 7,400 | |||||||
| Other undisclosed noncurrent liabilities | 5,621 | 6,702 | ||||||
| Total noncurrent liabilities: | 7,400 | 5,621 | 6,702 | |||||
| Other undisclosed liabilities | 296,912 | |||||||
| Total liabilities: | 38,980 | 682,668 | 760,551 | 315,055 | 296,912 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (38,970) | (676,617) | (325,110) | (121,623) | (281,833) | |||
| Common stock | 19,950 | 12,830 | 12,830 | 12,830 | 11,058 | |||
| Treasury stock, value | 4,728 | (4,728) | (4,461) | (2,755) | (1,712) | |||
| Additional paid in capital | 985,861 | 992,981 | 992,981 | 992,981 | 211,582 | |||
| 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: | 10 | 6,051 | 435,441 | 193,432 | 15,079 | |||
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 | 5,902 | 33,094 | 36,483 | 781 | |||
| Revenue, net | 5,902 | ||||||
| Cost of revenue | (9,073) | (41,467) | (37,036) | ||||
| Cost of product and service 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.