Network CN Inc (NWCN) Financial Statements (2025 and earlier)

Company Profile

Business Address 13TH FLOOR, SPA CENTRE
HONG KONG, 00000
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments622226623
Cash and cash equivalents622226623
Prepaid expense284100100100
Other current assets2     
Other undisclosed current assets1767315  0
Total current assets:18610342106106123
Noncurrent Assets
Operating lease, right-of-use asset387276  
Property, plant and equipment123101
Intangible assets, net (including goodwill)610306    
Intangible assets, net (excluding goodwill)610306    
Total noncurrent assets:64938178101
TOTAL ASSETS:835484120107106124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,1032,7712,5974,2624,7974,033
Taxes payable4732,3712,7532,221
Employee-related liabilities1,9441,7491,9171,737
Accrued liabilities3,2252,502808912675
Other undisclosed accounts payable and accrued liabilities(2,122)269100531 
Debt1,4441,1652,9732,9737,9527,917
Other undisclosed current liabilities2,5113645   
Total current liabilities:5,0583,9725,6157,23512,74911,950
Noncurrent Liabilities
Long-term debt and lease obligation645645676645  
Long-term debt, excluding current maturities645645645645  
Liabilities, other than long-term debt 32    
Operating lease, liability 3231  
Other undisclosed noncurrent liabilities 2,2472,172(31)   
Total noncurrent liabilities:2,8922,849676645  
Total liabilities:7,9506,8226,2917,88012,74911,950
Equity
Equity, attributable to parent(7,114)(6,338)(6,171)(7,773)(12,643)(11,825)
Common stock222121999
Additional paid in capital132,452131,317130,559124,209124,209124,133
Accumulated other comprehensive income1,6991,7051,7041,7041,7041,704
Accumulated deficit(141,287)(139,381)(138,456)(133,696)(138,565)(137,671)
Total equity:(7,114)(6,338)(6,171)(7,773)(12,643)(11,825)
TOTAL LIABILITIES AND EQUITY:835484120107106124

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues446106    
Cost of revenue(437)(83)    
Gross profit:924    
Operating expenses(1,156)(656)(696)(292)(317)(359)
Operating loss:(1,147)(632)(696)(292)(317)(359)
Nonoperating income (expense)(446)315,6940108
Interest and debt expense(314)(296)(520)(533)(577)(567)
Income (loss) from continuing operations:(1,906)(925)(1,216)4,869(894)(818)
Income (loss) before gain (loss) on sale of properties:(1,216)4,869(894)(818)
Net income (loss) available to common stockholders, diluted:(1,906)(925)(1,216)4,869(894)(818)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1,906)(925)(1,216)4,869(894)(818)
Other comprehensive income (loss)(6)1    
Comprehensive income (loss):(1,913)(924)(1,216)4,869(894)(818)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   00(0)(0)
Comprehensive income (loss), net of tax, attributable to parent:(1,913)(924)(1,215)4,869(894)(818)

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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