Senmiao Technology Limited (AIHS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD. CHENGDU, SICHUAN, 610000 |
| State of Incorp. | NV |
| Fiscal Year End | March 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 3/31/2023 | 12/31/2022 MRQ | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,610 | 1,538 | 1,185 | 4,448 | 844 | 5,021 | |||
| Cash and cash equivalents | 1,610 | 1,538 | 1,185 | 4,448 | 844 | 5,021 | |||
| Receivables | 1,647 | 864 | 1,100 | 1,477 | 486 | 695 | |||
| Inventory, net of allowances, customer advances and progress billings | 7 | 286 | 128 | 1,001 | 1,508 | ||||
| Inventory | 7 | 286 | 128 | 1,001 | 1,508 | ||||
| Prepaid expense | 1,438 | 1,363 | 2,713 | 3,905 | 2,799 | 112 | |||
| Disposal group, including discontinued operation | 393 | 827 | |||||||
| Deposits current assets | 490 | 295 | |||||||
| Other current assets | 73 | ||||||||
| Other undisclosed current assets | 152 | 180 | 314 | 542 | 88 | 3,768 | |||
| Total current assets: | 4,855 | 3,945 | 5,600 | 10,893 | 6,606 | 11,399 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 624 | 690 | 306 | 4,779 | 5,440 | ✕ | |||
| Operating lease, right-of-use asset | 174 | 110 | 499 | 474 | ✕ | ||||
| Property, plant and equipment | 3,343 | 3,530 | 5,659 | 3,706 | 480 | 126 | |||
| Long-term investments and receivables | 0 | 5,373 | 6,701 | 284 | 896 | ||||
| Due from related parties | ✕ | 5,352 | 6,636 | ||||||
| Long-term investments | 19 | 20 | 15 | 14 | |||||
| Accounts and financing receivable, after allowance for credit loss | 0 | 2 | 45 | 269 | 882 | ||||
| Intangible assets, net (including goodwill), including: | 774 | 820 | 960 | 968 | 778 | 296 | |||
| Goodwill | 135 | ||||||||
| Intangible assets, net (excluding goodwill) | 774 | 820 | 960 | 968 | 778 | 296 | |||
| Other undisclosed intangible assets, net (including goodwill) | (135) | ||||||||
| Prepaid expense | |||||||||
| Disposal group, including discontinued operation, noncurrent assets | 716 | ||||||||
| Other noncurrent assets | 838 | ||||||||
| Other undisclosed noncurrent assets | 3,926 | 169 | 544 | 1,174 | 956 | 493 | |||
| Total noncurrent assets: | 9,384 | 11,594 | 14,279 | 11,410 | 9,025 | 915 | |||
| TOTAL ASSETS: | 14,239 | 15,539 | 19,878 | 22,303 | 15,631 | 12,314 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 410 | 322 | 1,290 | 1,375 | 1,016 | 1,082 | |||
| Taxes payable | ✕ | ✕ | ✕ | 5 | 17 | 16 | 22 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 1,176 | 1,307 | 891 | 615 | ||
| Accounts payable | 184 | 61 | 14 | 45 | 4 | 247 | |||
| Accrued liabilities | 227 | 261 | 94 | 6 | 104 | 198 | |||
| Deferred revenue | 148 | 121 | 121 | 156 | 90 | ✕ | |||
| Debt | 280 | 467 | 333 | 6,013 | 3,998 | 170 | |||
| Disposal group, including discontinued operation | 488 | 486 | 528 | 2,337 | 4,516 | ||||
| Due to related parties | ✕ | 117 | 12 | 353 | 153 | 416 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 39 | ||
| Other liabilities | 9 | ||||||||
| Other undisclosed current liabilities | 3,850 | 3,253 | 3,882 | 6,546 | 1,360 | 2,047 | |||
| Total current liabilities: | 5,185 | 4,765 | 6,166 | 16,779 | 11,133 | 3,754 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 388 | 289 | 49 | 2,565 | 2,937 | 178 | |||
| Long-term debt, excluding current maturities | 45 | 64 | 178 | ||||||
| Finance lease, liability | 388 | 289 | 1 | 2,257 | 2,576 | ✕ | |||
| Liabilities, other than long-term debt | 43 | 140 | 46 | 45 | |||||
| Deferred income tax liabilities | 43 | 43 | 46 | 45 | ✕ | ||||
| Operating lease, liability | 97 | 48 | 264 | 297 | ✕ | ||||
| Other undisclosed noncurrent liabilities | 126 | 52 | 227 | 342 | 88 | ||||
| Total noncurrent liabilities: | 557 | 482 | 323 | 2,952 | 3,026 | 178 | |||
| Total liabilities: | 5,742 | 5,247 | 6,488 | 19,731 | 14,158 | 3,931 | |||
| Temporary equity, carrying amount | 269 | 286 | 821 | ||||||
| Equity | |||||||||
| Equity, attributable to parent | 4,394 | 5,689 | 8,093 | 5,857 | 2,804 | 8,375 | |||
| Common stock | 1 | 1 | 1 | 5 | 3 | 3 | |||
| Additional paid in capital | 43,356 | 43,339 | 42,803 | 40,755 | 27,013 | 23,833 | |||
| Accumulated other comprehensive loss | (1,247) | (1,328) | (109) | (839) | (507) | (429) | |||
| Accumulated deficit | (37,715) | (36,324) | (34,602) | (34,065) | (23,705) | (15,032) | |||
| Equity, attributable to noncontrolling interest | 3,833 | 4,317 | 4,476 | (3,284) | (1,331) | 7 | |||
| Total equity: | 8,228 | 10,006 | 12,569 | 2,573 | 1,472 | 8,383 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,239 | 15,539 | 19,878 | 22,303 | 15,631 | 12,314 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Other undisclosed income before gain (loss) on sale of properties | ✕ | ✕ | 8,228 | ✕ | ✕ | |||
| Revenues | 8,083 | 9,818 | 11,743 | 6,168 | 15,768 | 2,921 | ||
| Cost of revenue | (6,590) | (2,544) | (6,511) | (5,969) | (12,280) | (1,812) | ||
| Cost of goods and services sold | (6,590) | (3,491) | ||||||
| Provision for loan, lease, and other losses | (3,404) | |||||||
| Other undisclosed gross profit | (6,830) | (6,830) | (7) | (112) | ||||
| Gross profit: | 1,493 | 444 | (1,598) | 191 | 3,375 | 1,109 | ||
| Operating expenses | (7,633) | (4,583) | (9,964) | (10,376) | (8,972) | (5,558) | ||
| Operating loss: | (6,141) | (4,139) | (11,562) | (10,185) | (5,597) | (4,449) | ||
| Nonoperating income (expense) | 2,350 | 4,235 | 5,960 | (2,401) | 1,281 | (38) | ||
| Other nonoperating income (expense) | 664 | 547 | (107) | 88 | (45) | (38) | ||
| Interest and debt expense | 31 | (6) | (46) | (97) | (34) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,791) | 128 | (5,607) | (12,632) | (4,412) | (4,521) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (31) | 6 | 46 | 97 | ||||
| Income (loss) from continuing operations before income taxes: | (3,791) | 96 | (5,602) | (12,586) | (4,316) | (4,521) | ||
| Income tax expense | (0) | (5) | (15) | (33) | (22) | |||
| Income (loss) from continuing operations: | (3,791) | 96 | (5,606) | (12,601) | (4,349) | (4,543) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 9,311 | 2,622 | (12,663) | (9,936) | (4,543) | |
| Income (loss) from discontinued operations | 8,228 | (62) | (5,587) | |||||
| Other undisclosed net income | ||||||||
| Net income (loss): | (3,791) | 8,324 | 2,622 | (12,663) | (9,936) | (4,543) | ||
| Net income (loss) attributable to noncontrolling interest | 677 | (5,624) | (3,873) | 2,303 | 1,262 | (7) | ||
| Other undisclosed net income attributable to parent | 714 | 714 | ||||||
| Net income (loss) attributable to parent: | (3,114) | 3,415 | (537) | (10,360) | (8,673) | (4,550) | ||
| Undistributed earnings (loss) allocated to participating securities, basic | (49) | |||||||
| Net income (loss) available to common stockholders, diluted: | (3,114) | 3,366 | (537) | (10,360) | (8,673) | (4,550) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 12/31/2022 TTM | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,791) | 8,324 | 2,622 | (12,663) | (9,936) | (4,543) | ||
| Other undisclosed comprehensive income (loss) | (1,104) | (1,161) | 64 | (315) | (155) | (175) | ||
| Comprehensive income (loss): | (4,894) | 7,163 | 2,686 | (12,977) | (10,091) | (4,718) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 643 | (4,968) | (3,143) | 2,286 | 1,339 | (7) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (4,251) | 2,195 | (456) | (10,691) | (8,752) | (4,725) | ||
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.