Marvion Inc. (MVNC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
37/F, SINGAPORE LAND TOWER SINGAPORE, 048623 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 6/30/2013 | 6/30/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 791,278 | 99,274 | 28,124 | 8,557 | ✕ | |||
| Cash and cash equivalent | 123,991 | 99,274 | 28,124 | 8,557 | ✕ | |||
| Short-term investments | 667,287 | ✕ | ||||||
| Receivables | ✕ | |||||||
| Inventory, net of allowances, customer advances and progress billings | 7,770,000 | 1,387,500 | ✕ | ✕ | ||||
| Inventory | 7,770,000 | 1,387,500 | ✕ | |||||
| Deferred costs | 138,505 | 176,250 | ✕ | |||||
| Other current assets | 10,648 | 10,203 | 98,862 | ✕ | ✕ | |||
| Other undisclosed current assets | 563,588 | 2,881,092 | 16,746 | 43,770 | ✕ | |||
| Total current assets: | 9,274,019 | 4,554,319 | 143,732 | 52,327 | ✕ | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | ✕ | ✕ | ||||||
| Property, plant and equipment | 123,938 | ✕ | ||||||
| Intangible assets, net (including goodwill) | 40,605 | 94,205 | 141,377 | ✕ | ✕ | |||
| Intangible assets, net (excluding goodwill) | 40,605 | 94,205 | 141,377 | ✕ | ||||
| Other undisclosed noncurrent assets | 138,505 | 176,250 | 560,868 | ✕ | ||||
| Total noncurrent assets: | 179,110 | 270,455 | 141,377 | 684,806 | ✕ | |||
| TOTAL ASSETS: | 9,453,129 | 4,824,774 | 285,109 | 737,133 | ✕ | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 2,154,106 | 5,173,809 | 2,077,527 | 199,181 | ✕ | |||
| Taxes payable | ✕ | ✕ | ✕ | 5,109 | ✕ | |||
| Accounts payable | ✕ | |||||||
| Accrued liabilities | 2,154,106 | 5,173,809 | 2,072,418 | ✕ | ||||
| Other undisclosed accounts payable and accrued liabilities | 199,181 | ✕ | ||||||
| Debt | 170,016 | ✕ | ||||||
| Due to related parties | ✕ | ✕ | 283,636 | ✕ | ||||
| Other undisclosed current liabilities | 17,321,572 | 1,650,110 | 46,629 | 1,952,013 | ✕ | |||
| Total current liabilities: | 19,645,694 | 6,823,919 | 2,407,792 | 2,151,194 | ✕ | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 54,848 | ✕ | ||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | 54,848 | ✕ | ||
| Liabilities, other than long-term debt | ✕ | |||||||
| Operating lease, liability | ✕ | ✕ | ||||||
| Total noncurrent liabilities: | 54,848 | ✕ | ||||||
| Total liabilities: | 19,645,694 | 6,823,919 | 2,407,792 | 2,206,042 | ✕ | |||
| Commitments and contingencies | 985,100 | ✕ | ||||||
| Equity | ||||||||
| Equity, attributable to parent, including: | (10,192,565) | (1,999,145) | (2,122,683) | (2,454,009) | ✕ | |||
| Common stock | 15,178,847 | 194,268 | 186,768 | 29,048 | ✕ | |||
| Additional paid in capital | 25,637,059 | 9,936,191 | 5,547,988 | ✕ | ||||
| Accumulated other comprehensive income (loss) | 1,733 | (5,043) | 7 | ✕ | ||||
| Accumulated deficit | (51,840,444) | (26,205,029) | (16,157,367) | ✕ | ||||
| Other undisclosed equity, attributable to parent | 830,240 | 14,080,468 | 13,847,909 | (8,031,045) | ✕ | |||
| Total equity: | (10,192,565) | (1,999,145) | (2,122,683) | (2,454,009) | ✕ | |||
| TOTAL LIABILITIES AND EQUITY: | 9,453,129 | 4,824,774 | 285,109 | 737,133 | ✕ | |||
Income Statement (P&L) (USD)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 6/30/2013 | 6/30/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 14,454,869 | 11,482,606 | 297,092 | 619 | ✕ | ||
| Cost of revenue | (8,669,109) | (8,694,945) | (87,823) | ✕ | |||
| Gross profit: | 5,785,760 | 2,787,661 | 209,269 | 619 | ✕ | ||
| Operating expenses | (31,072,839) | (12,821,047) | (2,325,217) | (982,250) | ✕ | ||
| Operating loss: | (25,287,079) | (10,033,386) | (2,115,948) | (981,631) | ✕ | ||
| Nonoperating expense | (348,336) | (18,097) | (442,560) | ✕ | |||
| Other nonoperating income (expense) | 102 | (442,560) | ✕ | ||||
| Interest and debt expense | (472,060) | ✕ | |||||
| Loss from continuing operations before equity method investments, income taxes: | (25,635,415) | (10,051,483) | (2,115,948) | (1,896,251) | ✕ | ||
| Other undisclosed income from continuing operations before income taxes | ✕ | ||||||
| Loss from continuing operations before income taxes: | (25,635,415) | (10,051,483) | (2,115,948) | (1,896,251) | ✕ | ||
| Income tax expense (benefit) | 3,821 | (5,126) | ✕ | ||||
| Loss from continuing operations: | (25,635,415) | (10,047,662) | (2,121,074) | (1,896,251) | ✕ | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (2,121,074) | (1,896,251) | ✕ | |
| Other undisclosed net income | 5,126 | 3,320,442 | ✕ | ||||
| Net income (loss): | (25,635,415) | (10,047,662) | (2,115,948) | 1,424,191 | ✕ | ||
| Other undisclosed net loss attributable to parent | (5,126) | (2,848,382) | ✕ | ||||
| Net loss attributable to parent: | (25,635,415) | (10,047,662) | (2,121,074) | (1,424,191) | ✕ | ||
| Other undisclosed net income available to common stockholders, basic | 4,242,148 | ✕ | |||||
| Net income (loss) available to common stockholders, diluted: | (25,635,415) | (10,047,662) | 2,121,074 | (1,424,191) | ✕ | ||
Comprehensive Income (USD)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 6/30/2013 | 6/30/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (25,635,415) | (10,047,662) | (2,115,948) | 1,424,191 | ✕ | ||
| Other comprehensive income (loss) | 5,050 | (23) | ✕ | ||||
| Comprehensive income (loss): | (25,635,415) | (10,042,612) | (2,115,971) | 1,424,191 | ✕ | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 6,776 | (10,100) | (5,080) | ✕ | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (25,628,639) | (10,052,712) | (2,121,051) | 1,424,191 | ✕ | ||
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.