AiXin Life International, Inc. (AXIN) Financial Statements (2024 and earlier)

Company Profile

Business Address HONGXING INTL BUSINESS BUILDING 2,
JINJIANG DISTRICT,CHENGDU CITY, 610021
State of Incorp. CO
Fiscal Year End December 31
Industry (SIC) 5912 - Drug Stores and Proprietary Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3174975105,2998,1308,590
Cash and cash equivalents3174975105,2998,1308,590
Restricted cash and investments9886110   
Receivables480534646289143117
Inventory, net of allowances, customer advances and progress billings626683499858292254
Inventory626683499858292254
Prepaid expense157154169137143154
Other undisclosed current assets667443243108209
Total current assets:1,7432,0271,9766,8268,8169,324
Noncurrent Assets
Operating lease, right-of-use asset6838119991,1741,4451,702
Property, plant and equipment1,7011,8781,9721,911222263
Intangible assets, net (including goodwill)311111
Intangible assets, net (excluding goodwill)311111
Estimated insurance recoveries10101011119
Deferred income tax assets141516161718
Other undisclosed noncurrent assets737777747986
Total noncurrent assets:2,4842,7933,0753,1861,7742,079
TOTAL ASSETS:4,2274,8195,05110,01110,59011,403
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4651,3161,4311,6702,1391,888
Taxes payable56215234
Employee-related liabilities265302252
Accounts payable471440398508473411
Accrued liabilities9958751,0328421,149990
Deferred revenue      
Debt838787849095
Business combination, contingent consideration, liability    3,622  
Due to related parties2377272,4312,490
Other liabilities204559    
Other undisclosed current liabilities2,8853,4363,5683,183554645
Total current liabilities:4,6375,3985,3229,2875,2135,117
Noncurrent Liabilities
Long-term debt and lease obligation:    382615844
Liabilities, other than long-term debt206180195   
Operating lease, liability206180195382615844
Other undisclosed noncurrent liabilities    (382)(615)(844)
Total noncurrent liabilities:206180195382615844
Total liabilities:4,8435,5785,5179,6695,8285,961
Equity
Equity, attributable to parent, including:(616)(758)(466)3424,7625,442
Common stock000111
Additional paid in capital14,79014,55114,45914,36514,27314,180
Accumulated other comprehensive income199197173559698743
Accumulated deficit(15,757)(15,659)(15,250)(14,734)(10,361)(9,633)
Other undisclosed equity, attributable to parent152152152152152152
Total equity:(616)(758)(466)3424,7625,442
TOTAL LIABILITIES AND EQUITY:4,2274,8195,05110,01110,59011,403

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,4767551,196673421419
Gross profit:1,4767551,196673421419
Operating expenses(1,581)(1,307)(1,720)(1,207)(1,160)(1,191)
Operating loss:(105)(552)(524)(534)(739)(772)
Nonoperating income (expense)12239(3,840)1121
Other nonoperating income (expense)12228(17)1019
Loss from continuing operations before income taxes:(93)(529)(515)(4,374)(728)(752)
Income tax expense (benefit)(5)(0)(0)0(0)(0)
Loss from continuing operations:(98)(530)(515)(4,374)(728)(752)
Loss before gain (loss) on sale of properties:(4,374)(728)(752)
Other undisclosed net income      
Net income (loss):(98)(530)(515)(4,374)(728)(752)
Other undisclosed net loss attributable to parent      
Net loss available to common stockholders, diluted:(98)(530)(515)(4,374)(728)(752)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(98)(530)(515)(4,374)(728)(752)
Comprehensive income (loss):(98)(530)(515)(4,374)(728)(752)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent225(386)(139)(45)32
Comprehensive loss, net of tax, attributable to parent:(96)(505)(901)(4,513)(773)(720)

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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