China Grand Resorts Inc (JKSM) financial statements (2021 and earlier)

Company profile

Business Address 30191 AVENIDA DE LAS BANDERAS STE B
RANCHO SANTA MARGARITA, CA 92688
State of Incorp. NV
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q3
3/31/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7331,2305441,074988  
Cash and cash equivalents7331,2305441,074988  
Receivables 102382554  
Inventory, net of allowances, customer advances and progress billings171147590764739  
Inventory171147590764739  
Prepaid expense863513838   
Other undisclosed current assets324      
Total current assets:1,3151,5141,3091,9011,781  
Noncurrent Assets
Operating lease, right-of-use asset1844 
Property, plant and equipment 14141415  
Other undisclosed noncurrent assets14(17)37 37  
Total noncurrent assets:3241511452  
TOTAL ASSETS:1,3471,5551,3601,9161,833  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7885104075388144422
Accounts payable     4444
Accrued liabilities1,6421,6421,6421,6421,642  
Interest and dividends payable      378
Other undisclosed accounts payable and accrued liabilities(854)(1,132)(1,235)(1,105)(1,561)  
Debt37182627190  
Deferred compensation liability 1,4141,097907376  
Due to related parties      1,220
Other undisclosed current liabilities9,8723,2271,6984,8613,142  
Total current liabilities:11,0325,2343,2646,3763,689441,642
Noncurrent Liabilities
Long-term debt and lease obligation    90  
Long-term debt, excluding current maturities    90  
Liabilities, other than long-term debt, including:268330     
Other liabilities268      
Other undisclosed liabilities, other than long-term debt 330     
Other undisclosed noncurrent liabilities    1,629  
Total noncurrent liabilities:268330  1,719  
Total liabilities:11,3005,5643,2646,3765,408441,642
Stockholders' equity
Stockholders' equity attributable to parent(9,953)(4,009)(1,904)(4,461)(3,575)(44)(1,642)
Common stock62626148483333
Additional paid in capital3,2273,2273,22711(22)11,72910,128
Accumulated deficit(13,242)(7,297)(5,191)(4,519)(3,601)(11,806)(11,804)
Total stockholders' equity:(9,953)(4,009)(1,904)(4,461)(3,575)(44)(1,642)
TOTAL LIABILITIES AND EQUITY:1,3471,5551,3601,9161,833  

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q3
3/31/2018
Q2
Revenues1,3031,3261,6241,6631,613  
Loss on disposition of assets for financial service operations(5,047)(135)     
Cost of revenue(818)(1,392)(1,131)(1,514)(1,232)  
Cost of goods and services sold(818)      
Gross profit:485(66)494149381  
Operating expenses(934)(1,851)(1,136)(1,032)(946)(2)(23)
Other operating expense, net
(Other Expenses)
 (12)     
Other undisclosed operating income 12     
Operating loss:(449)(1,917)(642)(884)(565)(2)(23)
Nonoperating expense(5,496)(190)(27)(34)(42) (12)
Other nonoperating income (expense)0(190)(27)(34)(42)  
Interest and debt expense44843(25)(34)(35) (12)
Other undisclosed income from continuing operations before equity method investments, income taxes   2,749   
Income (loss) from continuing operations before income taxes:(5,496)(2,063)(694)1,796(642)(2)(47)
Other undisclosed loss from continuing operations   (1)   
Income (loss) before gain (loss) on sale of properties:(5,496)(2,063)(694)1,796(642)(2)(47)
Other undisclosed net loss(448)      
Net income (loss):(5,944)(2,063)(694)1,796(642)(2)(47)
Other undisclosed net income (loss) attributable to parent (43)25(2,714)35 12
Net loss available to common stockholders, basic:(5,944)(2,106)(669)(918)(607)(2)(35)
Interest on convertible debt 023    
Other undisclosed net income available to common stockholders, diluted   116   
Net loss available to common stockholders, diluted:(5,944)(2,106)(646)(803)(607)(2)(35)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q3
3/31/2018
Q2
Net income (loss):(5,944)(2,063)(694)1,796(642)(2)(47)
Other comprehensive loss     (2)(35)
Comprehensive income (loss), net of tax, attributable to parent:(5,944)(2,063)(694)1,796(642)(4)(83)

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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