Grand Perfecta, Inc. (GPIW) financial statements (2021 and earlier)

Company profile

Business Address 123 WEST NYE LANE
CARSON CITY, NV 89706
State of Incorp. NV
Fiscal Year End July 31
SIC 7948 - Racing, Including Track Operation (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

10/31/2019
Q1
7/31/2019
Q4
4/30/2019
Q3
1/31/2019
Q2
10/31/2018
Q1
7/31/2018
Q4
4/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00261853113
Cash and cash equivalents00261853113
Receivables  67793,691
Disposal group, including discontinued operation01     
Deferred tax assets   209
Other undisclosed current assets  75  36
Total current assets:11161825614,048
Noncurrent Assets
Long-term investments and receivables      593
Accounts and financing receivable, after allowance for credit loss      593
Intangible assets, net (including goodwill)      6,994
Goodwill      6,994
Other noncurrent assets      189
Deferred tax assets, net   589
Total noncurrent assets:      8,365
Other undisclosed assets      159
TOTAL ASSETS:111618256112,573
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4926296196206283,392
Taxes payable  860 1,117
Other undisclosed accounts payable and accrued liabilities4926216136196282,274
Deferred revenue  5
Debt      4,412
Due to related parties1 11   3,366
Disposal group, including discontinued operation118     
Other undisclosed current liabilities  811682,054
Total current liabilities:61345363062563613,224
Noncurrent Liabilities
Total liabilities:61345363062563613,224
Stockholders' equity
Stockholders' equity attributable to parent(60)(34)(37)(612)(601)(575)(858)
Preferred stock      0
Common stock88555532
Additional paid in capital4,6814,6814,5944,5944,5944,5945,752
Accumulated other comprehensive income (loss)(25)(25)(22)(22)(22)(22)316
Accumulated deficit(4,725)(4,698)(4,614)(5,189)(5,178)(5,152)(6,959)
Stockholders' equity attributable to noncontrolling interest      207
Total stockholders' equity:(60)(34)(37)(612)(601)(575)(651)
TOTAL LIABILITIES AND EQUITY:111618256112,573

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

10/31/2019
Q1
7/31/2019
Q4
4/30/2019
Q3
1/31/2019
Q2
10/31/2018
Q1
7/31/2018
Q4
4/30/2018
Q3
Revenues (92)243731(8,999)3,332
Cost of revenue  (23)(35)(26)1,816(728)
Gross profit:  224(7,183)2,604
Operating expenses(24)(38)(49)(47)(57)6,383(2,441)
Other undisclosed operating income (loss) (92)2335 (1,816)728
Operating income (loss):(24)(130)(25)(10)(52)(2,616)890
Nonoperating income (expense) 386000 2,881(193)
Other nonoperating income 113600   1
Interest and debt expense      (197)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (75)   654 
Income (loss) from continuing operations before equity method investments, income taxes:(24)(166)575(10)(52)919500
Other undisclosed income (loss) from continuing operations before income taxes 75  26(654)197
Income (loss) from continuing operations before income taxes:(24)(92)575(10)(26)266697
Income tax expense   (1)  (244)
Other undisclosed income from continuing operations 1   402 
Income (loss) from continuing operations:(24)(91)575(11)(26)668453
Loss from discontinued operations(3)      
Other undisclosed income before gain (loss) on sale of properties 7   1,139 
Net income (loss) available to common stockholders, diluted:(27)(84)575(11)(26)1,807453

Comprehensive Income ($ in thousands)

10/31/2019
Q1
7/31/2019
Q4
4/30/2019
Q3
1/31/2019
Q2
10/31/2018
Q1
7/31/2018
Q4
4/30/2018
Q3
Net income (loss):(27)(84)575(11)(26)1,807453
Other comprehensive income (loss) (87)575(11)(26)1,468451
Comprehensive income (loss):(27)(171)1,150(22)(52)3,275904
Comprehensive loss, net of tax, attributable to noncontrolling interest     (207) 
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:(27)(171)1,150(22)(52)3,068904

Statements sources

The financial statements are based on the company's filings with the 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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