Hi-Great Group Holding Co (HIGR) Financial Statements (2024 and earlier)

Company Profile

Business Address 621 S. VIRGIL AVE #470
LOS ANGELES, CA 90005
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7011 - Hotels and Motels (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
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   11324
Cash and cash equivalents   11324
Inventory, net of allowances, customer advances and progress billings54856248
Inventory54856248
Prepaid expense2   
Advances on inventory purchases  9  
Other undisclosed current assets131  
Total current assets:5712517572
Noncurrent Assets
Operating lease, right-of-use asset  57115126
Other undisclosed noncurrent assets28   
Total noncurrent assets:2857115126
TOTAL ASSETS:84182290198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities271195546
Interest and dividends payable 1
Taxes payable11
Accounts payable271  
Accrued liabilities  1185445
Debt    24
Due to related parties 5937
Other undisclosed current liabilities14515187
Total current liabilities:172134132115
Noncurrent Liabilities
Long-term debt and lease obligation:   9696
Liabilities, other than long-term debt 2142  
Operating lease, liability 21429696
Other undisclosed noncurrent liabilities  (96)(96)
Total noncurrent liabilities:21429696
Total liabilities:194176228211
Equity
Equity, attributable to parent(109)662(13)
Common stock100100100100
Additional paid in capital630630630620
Accumulated deficit(839)(723)(667)(733)
Other undisclosed equity   (0)(0)
Total equity:(109)662(13)
TOTAL LIABILITIES AND EQUITY:84182290198

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues109208264192
Cost of revenue
(Cost of Goods and Services Sold)
(27)(61)(32)(52)
Other undisclosed gross profit(31)(52)(66)(45)
Gross profit:519516796
Operating expenses(170)(92)(105)(107)
Other undisclosed operating loss   (0) 
Operating income (loss):(119)362(11)
Nonoperating expense (2) (0)(2)
Interest and debt expense (2) (0)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes    
Income (loss) from continuing operations before income taxes:(124)361(13)
Income tax expense    (1)
Income (loss) from continuing operations:(124)361(14)
Income (loss) before gain (loss) on sale of properties:61(14)
Other undisclosed net income   02
Net income (loss):(124)362(13)
Other undisclosed net income attributable to parent2   
Net income (loss) available to common stockholders, diluted:(122)362(13)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(124)362(13)
Comprehensive income (loss), net of tax, attributable to parent:(124)362(13)

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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