China Longyi Group International Holdings LTD (MGHA) financial statements (2022 and earlier)

Company profile

Business Address 54 PINE STREET
NEW YORK, NY 10005
State of Incorp. NY
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments224412341538522
Cash and cash equivalents224412341538522
Receivables46344353184162 
Inventory, net of allowances, customer advances and progress billings442430426441333350363
Inventory442430426441333350363
Deposits current assets454245431044133
Other undisclosed current assets301296756783028
Total current assets:585678593627851667446
Noncurrent Assets
Property, plant and equipment286283282285295302316
Long-term investments and receivables86848282858688
Long-term investments86848282858688
Total noncurrent assets:371367364367380388404
TOTAL ASSETS:9571,0459589941,2321,056850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities382325322317454302196
Accounts payable45 11115
Accrued liabilities337325320315453300191
Debt272614  2759
Due to related parties918893828814394432431
Other undisclosed current liabilities8349297997531,1711,3231,372
Total current liabilities:2,1622,1731,9631,8832,0192,0842,058
Noncurrent Liabilities
Long-term debt and lease obligation1821     
Long-term debt, excluding current maturities1821     
Total noncurrent liabilities:1821     
Total liabilities:2,1802,1941,9631,8832,0192,0842,058
Stockholders' equity
Stockholders' equity attributable to parent(1,241)(1,173)(1,044)(936)(850)(1,065)(1,219)
Common stock777777777777777777777
Additional paid in capital28,87828,87828,87828,87828,87828,87828,878
Accumulated other comprehensive income293298267249227229203
Accumulated deficit(31,188)(31,126)(30,965)(30,839)(30,731)(30,948)(31,076)
Stockholders' equity attributable to noncontrolling interest17253847623711
Total stockholders' equity:(1,223)(1,149)(1,006)(889)(787)(1,028)(1,207)
TOTAL LIABILITIES AND EQUITY:9571,0459589941,2321,056850

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

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Revenues552037701,03462416
Cost of revenue(20)(6)(20)420(687)(455)(16)
Gross profit:351417490347169 
Operating expenses(91)(143)(133)(191)(301)(173)(103)
Operating income (loss):(56)(129)(115)30046(4)(103)
Nonoperating income (expense)(11)(43)(19)(428)19615517
Foreign currency transaction gain (loss), before tax(9)(43)(20)(10)0(13)(3)
Other nonoperating income (expense)(0)21(418)19617125
Interest and debt expense(3)(2) 00(3)(6)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes32 (0)(0)36
Net income (loss):(67)(172)(134)(128)242150(87)
Net income (loss) attributable to noncontrolling interest511820(25)(22)8
Net income (loss) available to common stockholders, diluted:(62)(161)(125)(108)217128(79)

Comprehensive Income ($ in thousands)

9/30/2017
Q3
6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
Net income (loss):(67)(172)(134)(128)242150(87)
Other undisclosed comprehensive income (loss)(7)291726(1) (2)
Comprehensive income (loss):(75)(143)(116)(102)241150(88)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest22915(0)(22)8
Comprehensive income (loss), net of tax, attributable to parent:(72)(141)(107)(87)240128(80)

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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