Cheer Holding, Inc. (GSMGW) Financial Statements (2024 and earlier)

Company Profile

Business Address 22ND FLOOR, BLOCK B, XINHUA TECH BLDG.
CHAOYANG DISTRICT, BEIJING, 00000
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2020
MRQ
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 34,527406,994
Cash and cash equivalents 34,527406,994
Prepaid expense 47,292119,892
Total current assets: 81,819526,886
Noncurrent Assets
Asset, held-in-trust 257,516,070251,886,105
Total noncurrent assets: 257,516,070251,886,105
TOTAL ASSETS: 257,597,889252,412,991
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 580,41023,790
Other undisclosed accounts payable and accrued liabilities 580,41023,790
Due to related parties 250,000 
Total current liabilities: 830,41023,790
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 1,100,000 
Total noncurrent liabilities: 1,100,000 
Total liabilities: 1,930,41023,790
Temporary equity, carrying amount 250,667,478247,389,192
Equity
Equity, attributable to parent 5,000,0015,000,009
Common stock 711690
Additional paid in capital 111,8733,390,180
Retained earnings 4,887,4171,609,139
Total equity: 5,000,0015,000,009
TOTAL LIABILITIES AND EQUITY: 257,597,889252,412,991

Income Statement (P&L) (USD)

3/31/2020
TTM
12/31/2019
12/31/2018
Operating expenses (2,351,687)(276,966)
Operating loss: (2,351,687)(276,966)
Nonoperating income 5,629,9651,886,105
Income from continuing operations: 3,278,2781,609,139
Income before gain (loss) on sale of properties: 3,278,2781,609,139
Net income attributable to parent: 3,278,2781,609,139
Preferred stock dividends and other adjustments 5,480,2081,852,344
Other undisclosed net loss available to common stockholders, basic (10,960,416)(3,704,688)
Net loss available to common stockholders, diluted: (2,201,930)(243,205)

Comprehensive Income (USD)

3/31/2020
TTM
12/31/2019
12/31/2018
Net income: 3,278,2781,609,139
Comprehensive income, net of tax, attributable to parent: 3,278,2781,609,139

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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