HONG YUAN HOLDING GROUP (HGYN) Financial Statements (2024 and earlier)

Company Profile

Business Address ROOM2707, GLOBAL MANSION, ZHENGBIAN ROAD
HENAN PROVINCE, 450000
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    183
Cash and cash equivalents    183
Receivables    149
Inventory, net of allowances, customer advances and progress billings    6,941
Inventory    6,941
Prepaid expense and other current assets227
Total current assets:    7,500
Noncurrent Assets
Property, plant and equipment    7,597
Intangible assets, net (including goodwill)    245
Intangible assets, net (excluding goodwill)    245
Deposits noncurrent assets    47
Restricted cash and investments    43
Deferred costs    750
Prepaid expense and other noncurrent assets1,085
Other undisclosed noncurrent assets    (1,085)
Total noncurrent assets:    8,682
TOTAL ASSETS:    16,182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12 4,466
Accounts payable    803
Accrued liabilities    3,663
Other undisclosed accounts payable and accrued liabilities12  
Debt    6,954
Derivative instruments and hedges, liabilities    3,189
Other liabilities 150   
Due to related parties11053 
Other undisclosed current liabilities   500
Total current liabilities:1511125315,109
Noncurrent Liabilities
Long-term debt and lease obligation    11,096
Long-term debt, excluding current maturities    10,923
Capital lease obligations173
Total noncurrent liabilities:    11,096
Total liabilities:1511125326,205
Equity
Equity, attributable to parent, including:(151)(112)(53)(10,027)
Preferred stock555500
Common stock75757563
Additional paid in capital97,18697,18697,18676,919
Accumulated other comprehensive income    88
Accumulated deficit(97,417)(97,377)(97,319)(87,097)
Other undisclosed equity, attributable to parent    (500)
Equity, attributable to noncontrolling interest    4
Total equity:(151)(112)(53)(10,023)
TOTAL LIABILITIES AND EQUITY:    16,182

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2012
Revenues
(Revenue, Net)
    894
Cost of revenue
(Cost of Goods and Services Sold)
    (975)
Gross profit:    (81)
Operating expenses(40)(58)(46)(31,627)
Other undisclosed operating income    12,279
Operating loss:(40)(58)(46)(19,429)
Nonoperating expense    (10,733)
Interest and debt expense    (954)
Loss from continuing operations before equity method investments, income taxes:(40)(58)(46)(31,116)
Other undisclosed income from continuing operations before income taxes    954
Loss from continuing operations:(40)(58)(46)(30,162)
Loss before gain (loss) on sale of properties:(46)(30,162)
Net loss available to common stockholders, diluted:(40)(58)(46)(30,162)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2012
Net loss:(40)(58)(46)(30,162)
Other undisclosed comprehensive income    2
Comprehensive loss, net of tax, attributable to parent:(40)(58)(46)(30,160)

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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