MICROALLIANCE GROUP INC. (MALG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ROOM 601, BLDG E, NO. 1 HUABAO FUBAO GUANGDONG PROVINCE, 518000 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 208 - Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 1,190 | 62 | |||
| Cash and cash equivalents | 1,190 | 62 | |||
| Receivables | 3,321 | 244 | |||
| Inventory, net of allowances, customer advances and progress billings | 14,167 | 66 | |||
| Inventory | 14,167 | 66 | |||
| Other undisclosed current assets | 11,705 | 134 | |||
| Total current assets: | 30,383 | 505 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 84 | 383 | |||
| Property, plant and equipment | 430 | 87 | |||
| Intangible assets, net (including goodwill) | 95 | ||||
| Intangible assets, net (excluding goodwill) | 95 | ||||
| Total noncurrent assets: | 609 | 471 | |||
| TOTAL ASSETS: | 30,992 | 976 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 1,845 | 525 | |||
| Taxes payable | ✕ | 1,527 | 124 | ||
| Employee-related liabilities | ✕ | 179 | 181 | ||
| Accounts payable | 29 | 135 | |||
| Accrued liabilities | 110 | 85 | |||
| Deferred revenue | 738 | 28 | |||
| Due to related parties | 80 | 1,097 | |||
| Other undisclosed current liabilities | 69 | 298 | |||
| Total current liabilities: | 2,732 | 1,948 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation: | 15 | 64 | |||
| Operating lease, liability | 15 | 64 | |||
| Other undisclosed noncurrent liabilities | (15) | (64) | |||
| Total noncurrent liabilities: | 15 | 64 | |||
| Total liabilities: | 2,746 | 2,011 | |||
| Equity | |||||
| Equity, attributable to parent, including: | 28,246 | (1,036) | |||
| Preferred stock | 1 | ||||
| Common stock | 6 | 6 | |||
| Additional paid in capital | 10,215 | (15) | |||
| Accumulated other comprehensive income (loss) | 226 | (54) | |||
| Retained earnings (accumulated deficit) | 14,757 | (973) | |||
| Other undisclosed equity, attributable to parent | 3,041 | 1 | |||
| Total equity: | 28,246 | (1,036) | |||
| TOTAL LIABILITIES AND EQUITY: | 30,992 | 976 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|
| Revenues | 37,394 | 1,194 | ||
| Cost of revenue | (10,423) | (176) | ||
| Gross profit: | 26,971 | 1,018 | ||
| Operating expenses | (2,112) | (1,628) | ||
| Operating income (loss): | 24,860 | (610) | ||
| Nonoperating income (Other Nonoperating income) | 5 | 2 | ||
| Income (loss) from continuing operations before income taxes: | 24,864 | (608) | ||
| Income tax expense | (6,189) | (20) | ||
| Income (loss) from continuing operations: | 18,676 | (628) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 18,676 | (628) | |
| Net income (loss): | 18,676 | (628) | ||
| Net loss attributable to noncontrolling interest | (18,676) | |||
| Other undisclosed net income attributable to parent | 18,676 | |||
| Net income (loss) available to common stockholders, diluted: | 18,676 | (628) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | ||
|---|---|---|---|---|
| Net income (loss): | 18,676 | (628) | ||
| Other comprehensive income (loss) | 280 | (59) | ||
| Comprehensive income (loss): | 18,955 | (687) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (18,676) | |||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 18,676 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 18,955 | (687) | ||
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.