Gushen, Inc (GSHN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ROOM 513, 5TH FLOOR, NO. 5 HAIYING ROAD BEIJING, 100070 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 7363 - Help Supply Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 MRQ | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 4/30/2021 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 32 | 33 | 55 | 842 | 2,659 | ||||
| Cash and cash equivalent | 32 | 33 | 55 | 842 | 2,659 | ||||
| Receivables | 36 | 20 | (425) | 23 | 250 | ||||
| Inventory, net of allowances, customer advances and progress billings | (369) | 0 | 414 | ||||||
| Inventory | (369) | 0 | 414 | ||||||
| Prepaid expense | 18 | 23 | 7 | 452 | 618 | ||||
| Deposits current assets | 87 | ||||||||
| Other current assets | 26 | 1 | |||||||
| Other undisclosed current assets | 3 | 3 | 837 | 54 | |||||
| Total current assets: | 89 | 79 | 104 | 1,484 | 3,942 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 12 | 4 | 285 | ||||||
| Property, plant and equipment | 26 | 32 | 54 | 146 | 217 | ||||
| Intangible assets, net (including goodwill) | (35) | 3 | 44 | 57 | 73 | ||||
| Goodwill | (38) | ||||||||
| Intangible assets, net (excluding goodwill) | 3 | 3 | 44 | 57 | 73 | ||||
| Deferred income tax assets | 1,922 | ||||||||
| Other noncurrent assets | 22 | 81 | 799 | ||||||
| Other undisclosed noncurrent assets | 29 | ||||||||
| Total noncurrent assets: | 31 | 39 | 120 | 568 | 3,011 | ||||
| TOTAL ASSETS: | 120 | 118 | 224 | 2,053 | 6,953 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,996 | 8,056 | 6,542 | 5,693 | 8,287 | 16 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 5,918 | |||
| Accounts payable | 2,261 | 2,353 | 2,201 | 2,259 | 2,369 | ||||
| Accrued liabilities | 5,734 | 5,704 | 4,341 | 3,435 | |||||
| Other undisclosed accounts payable and accrued liabilities | 16 | ||||||||
| Deferred revenue | 263 | 285 | 130 | 340 | |||||
| Debt | 289 | ||||||||
| Other liabilities | 340 | 170 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | ✕ | 1 | 1 | |||
| Other undisclosed current liabilities | 8,034 | 8,393 | 7,306 | 6,393 | 857 | ||||
| Total current liabilities: | 16,582 | 16,734 | 13,977 | 12,767 | 9,315 | 18 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 155 | ||||||||
| Operating lease, liability | 155 | ||||||||
| Total noncurrent liabilities: | 155 | ||||||||
| Total liabilities: | 16,582 | 16,734 | 13,977 | 12,921 | 9,315 | 18 | |||
| Equity | |||||||||
| Equity, attributable to parent | (16,380) | (16,531) | (13,669) | (10,869) | (2,363) | (18) | |||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | 3 | |||
| Common stock | 42 | 42 | 42 | 41 | 41 | 3 | |||
| Additional paid in capital | 63 | 63 | 63 | 40 | 40 | 164 | |||
| Accumulated other comprehensive income | 1,558 | 908 | 1,514 | 1,129 | 163 | ||||
| Accumulated deficit | (18,043) | (17,545) | (15,288) | (12,080) | (2,608) | (188) | |||
| Equity, attributable to noncontrolling interest | (83) | (86) | (86) | (1) | (1) | ||||
| Other undisclosed equity | 2 | 2 | 2 | 2 | 2 | ||||
| Total equity: | (16,461) | (16,616) | (13,753) | (10,869) | (2,362) | (18) | |||
| TOTAL LIABILITIES AND EQUITY: | 120 | 118 | 224 | 2,053 | 6,953 | ||||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 4/30/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 80 | 61 | 24 | 2,407 | 1,928 | |||
| Cost of revenue | (40) | (34) | (15) | (1,459) | (1,204) | |||
| Cost of product and service sold | (413) | 18 | ||||||
| Provision for loan, lease, and other losses | (451) | |||||||
| Gross profit: | 40 | 26 | 9 | 949 | 725 | |||
| Operating expenses | (971) | (1,274) | (2,242) | (4,808) | (10,996) | (29) | ||
| Operating loss: | (931) | (1,248) | (2,233) | (3,860) | (10,271) | (29) | ||
| Nonoperating expense | (1,023) | (1,008) | (1,060) | (3,717) | (404) | |||
| Other nonoperating expense | (1,023) | (1,009) | (1,060) | (3,731) | (443) | |||
| Loss from continuing operations before income taxes: | (1,953) | (2,257) | (3,293) | (7,577) | (10,675) | (29) | ||
| Income tax expense (benefit) | (1,895) | 760 | ||||||
| Loss from continuing operations: | (1,953) | (2,257) | (3,293) | (9,473) | (9,915) | (29) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (9,915) | (29) | |
| Other undisclosed net income | 19,830 | |||||||
| Net income (loss): | (1,953) | (2,257) | (3,293) | (9,473) | 9,915 | (29) | ||
| Net income attributable to noncontrolling interest | 0 | 0 | 85 | 0 | 1 | |||
| Other undisclosed net loss attributable to parent | (19,831) | |||||||
| Net loss attributable to parent: | (1,953) | (2,257) | (3,208) | (9,473) | (9,915) | (29) | ||
| Other undisclosed net income available to common stockholders, basic | 19,829 | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,953) | (2,257) | (3,208) | (9,473) | 9,914 | (29) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 TTM | 9/30/2024 | 9/30/2023 | 9/30/2022 | 9/30/2021 | 4/30/2021 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,953) | (2,257) | (3,293) | (9,473) | 9,915 | (29) | ||
| Other comprehensive income | 9,606 | |||||||
| Comprehensive income (loss): | (1,953) | (2,257) | (3,293) | (9,473) | 19,521 | (29) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | (0) | 85 | 0 | 1 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 472 | (605) | 299 | 966 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,478) | (2,862) | (2,909) | (8,507) | 19,522 | (29) | ||
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.