GD Culture Group Ltd (GDC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
22F-810 SEVENTH AVENUE NEW YORK, NY 10019 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 505 - Metals And Minerals, Except Petroleum (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 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,176 | 389 | 14,588 | 4,294 | 2,484 | 727 | |||
| Cash and cash equivalent | 5,176 | 389 | 14,588 | 999 | 2,484 | 727 | |||
| Short-term investments | 3,295 | ||||||||
| Receivables | 2,602 | 1,221 | 1,339 | 1,857 | 2,250 | 4,457 | |||
| Inventory, net of allowances, customer advances and progress billings | 4 | 1,047 | 1,197 | 1,965 | |||||
| Inventory | 4 | 1,047 | 1,197 | 1,965 | |||||
| Prepaid expense | 1,291 | 4,781 | 4,069 | 2,218 | |||||
| Disposal group, including discontinued operation | 1,544 | ||||||||
| Other undisclosed current assets | 9 | 43 | 292 | ||||||
| Total current assets: | 9,078 | 1,610 | 15,931 | 11,979 | 11,587 | 9,660 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 23 | 69 | 90 | ✕ | |||||
| Operating lease, right-of-use asset | 1,561 | ✕ | |||||||
| Property, plant and equipment | 13 | 1 | 284 | 83 | 19 | ||||
| Intangible assets, net (including goodwill) | 6,591 | 12,877 | 17,129 | ||||||
| Goodwill | 6,590 | 11,650 | 14,339 | ||||||
| Intangible assets, net (excluding goodwill) | 0 | 1,227 | 2,790 | ||||||
| Prepaid expense | 27,707 | ||||||||
| Deferred income tax assets | ✕ | ||||||||
| Other noncurrent assets | 3,559 | 2,190 | 10,751 | 97 | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 206 | ||
| Other undisclosed noncurrent assets | 127 | ||||||||
| Total noncurrent assets: | 5,132 | 2,191 | 34,604 | 13,156 | 10,861 | 17,432 | |||
| Other undisclosed assets | 5,761 | ||||||||
| TOTAL ASSETS: | 14,210 | 3,801 | 50,535 | 25,135 | 22,448 | 32,853 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 136 | 5,790 | 1,199 | 344 | 1,504 | ||||
| Taxes payable | ✕ | ✕ | ✕ | 2,246 | 73 | 0 | 56 | ||
| Accounts payable | 127 | 3,544 | 1,126 | 344 | 1,449 | ||||
| Accrued liabilities | 8 | ||||||||
| Debt | 475 | 509 | |||||||
| Disposal group, including discontinued operation | 10,174 | ||||||||
| Due to related parties | ✕ | ✕ | 196 | 466 | 145 | ||||
| Other undisclosed current liabilities | 403 | 2 | 12,190 | 1,515 | 5,667 | 11,186 | |||
| Total current liabilities: | 403 | 334 | 18,447 | 3,189 | 16,185 | 13,344 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,318 | 239 | (30,217) | ||||||
| Deferred income tax liabilities | ✕ | ||||||||
| Due to related parties | ✕ | ✕ | 145 | ||||||
| Disposal group, including discontinued operation, liabilities | 239 | ||||||||
| Operating lease, liability | 1,318 | ✕ | |||||||
| Business combination, contingent consideration, liability | (30,362) | ||||||||
| Other undisclosed noncurrent liabilities | 328 | 9 | 34 | 62 | 30,362 | ||||
| Total noncurrent liabilities: | 1,646 | 9 | 34 | 301 | 145 | ||||
| Total liabilities: | 2,049 | 334 | 18,455 | 3,222 | 16,486 | 13,489 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 8,348 | 3,467 | 32,080 | 21,913 | 5,962 | 19,364 | |||
| Common stock | 1 | 0 | 5 | 3 | 2 | 2 | |||
| Additional paid in capital | 77,530 | 60,124 | 83,034 | 20,022 | 8,351 | 4,815 | |||
| Accumulated other comprehensive income (loss) | 175 | 179 | 226 | 936 | (832) | (721) | |||
| Retained earnings (accumulated deficit) | (69,358) | (56,841) | (26,019) | 952 | (1,559) | 15,268 | |||
| Stockholders' equity note, subscriptions receivable | (25,166) | ||||||||
| Other undisclosed equity, attributable to parent | 4 | ||||||||
| Equity, attributable to noncontrolling interest | 3,814 | ||||||||
| Total equity: | 12,161 | 3,467 | 32,080 | 21,913 | 5,962 | 19,364 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,210 | 3,801 | 50,535 | 25,135 | 22,448 | 32,853 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 153 | 25,030 | 11,853 | 19,584 | 23,191 | |||
| Cost of revenue | (98) | (16,780) | (10,748) | (19,022) | (18,672) | |||
| Cost of product and service sold | (10,748) | (18,699) | (4,604) | |||||
| Gross profit: | 56 | 8,250 | 1,105 | 562 | 4,520 | |||
| Operating expenses | (11,991) | (479) | (22,897) | (2,058) | (852) | (2,393) | ||
| Operating income (loss): | (11,991) | (423) | (14,647) | (953) | (289) | 2,127 | ||
| Nonoperating income (expense) | 104 | (0) | 118 | (3,895) | 4 | (161) | ||
| Investment income, nonoperating | 5 | (0) | (11,171) | 14 | 1 | 2 | ||
| Other nonoperating income (expense) | 100 | (3) | 24 | 18 | ||||
| Interest and debt expense | (0) | (0) | (18) | (23) | (182) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,887) | (424) | (14,529) | (4,867) | (309) | 1,784 | ||
| Other undisclosed income from continuing operations before income taxes | 0 | 0 | 0 | 18 | 23 | 182 | ||
| Income (loss) from continuing operations before income taxes: | (11,887) | (424) | (14,529) | (4,849) | (285) | 1,966 | ||
| Income tax expense (benefit) | (328) | (1,295) | 61 | (129) | (516) | |||
| Income (loss) from continuing operations: | (12,214) | (424) | (15,824) | (4,788) | (414) | 1,450 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (15,800) | (4,788) | (16,826) | 1,450 | |
| Income (loss) from discontinued operations | (30,822) | 24 | (16,412) | |||||
| Other undisclosed net loss | (2,132) | (11,171) | ||||||
| Net income (loss): | (14,347) | (31,245) | (26,971) | (4,788) | (16,826) | 1,450 | ||
| Net income attributable to noncontrolling interest | 1,825 | |||||||
| Other undisclosed net income attributable to parent | 424 | 7,299 | ||||||
| Net income (loss) available to common stockholders, diluted: | (12,522) | (30,822) | (26,971) | 2,510 | (16,826) | 1,450 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (14,347) | (31,245) | (26,971) | (4,788) | (16,826) | 1,450 | ||
| Other comprehensive income | 151 | |||||||
| Other undisclosed comprehensive loss | ||||||||
| Comprehensive income (loss): | (14,196) | (31,245) | (26,971) | (4,788) | (16,826) | 1,450 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,670 | (46) | (710) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 424 | 9,067 | (112) | (2,322) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,526) | (30,868) | (27,681) | 4,278 | (16,938) | (872) | ||
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.