Oranco Inc (ORNC) financial statements (2022 and earlier)

Company profile

Business Address ONE LIBERTY PLAZA
NEW YORK, NY 10006
State of Incorp. NV
Fiscal Year End June 30
SIC 208 - Beverages (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments12,321 26,50503
Cash and cash equivalents12,321 26,50503
Receivables4,189 33,934  
Inventory, net of allowances, customer advances and progress billings1,803 7,347  
Inventory1,803 7,347  
Prepaid expense  1103 
Other undisclosed current assets5,166 33,250 3
Total current assets:23,479 101,14537
Noncurrent Assets
Property, plant and equipment409 3,296  
Long-term investments and receivables142    
Long-term investments142    
Prepaid expense1,236 4,909  
Total noncurrent assets:1,786 8,206  
TOTAL ASSETS:25,265 109,35037
Current Liabilities
Accounts payable and accrued liabilities2543,4863,22911
Accounts payable942484511
Accrued liabilities  2,288  
Employee-related liabilities412,064272  
Taxes payable1191,174624  
Interest and dividends payable    0
Debt 2,250  10
Due to related parties2,636 96,231  
Deferred tax liabilities 2,928  
Other liabilities533888734  
Other undisclosed current liabilities548 1,221  
Total current liabilities:3,9726,623104,344111
Noncurrent Liabilities
Liabilities, other than long-term debt11,575    
Due to related parties11,575    
Total noncurrent liabilities:11,575    
Total liabilities:15,5486,623104,344111
Stockholders' equity
Stockholders' equity attributable to parent, including:9,718 5,0063(5)
Common stock  639424
Additional paid in capital378  350350
Retained earnings (accumulated deficit)9,301 2,241(389)(359)
Other undisclosed stockholders' equity attributable to parent39 2,127  
Other undisclosed stockholders' equity 44,986   
Total stockholders' equity:9,71844,9865,0063(5)
TOTAL LIABILITIES AND EQUITY:25,26551,610109,35037

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

Revenues12,112 101,760 0
Net investment income    0
Cost of revenue(4,155) (27,801)  
Cost of goods and services sold(4,155)    
Gross profit:7,957 73,959 0
Operating expenses(2,516) (12,587)(30)(28)
Other undisclosed operating loss(12,112) (101,760) (0)
Operating loss:(6,672) (40,388)(30)(28)
Nonoperating income28 1560 
Investment income, nonoperating   0 
Other nonoperating income28 156  
Interest and debt expense(21) (1,759)(1)0
Loss from continuing operations before equity method investments, income taxes:(6,665) (41,992)(30)(28)
Other undisclosed income from continuing operations before income taxes12,112 101,760  
Income (loss) from continuing operations before income taxes:5,448 59,768(30)(28)
Income tax expense(2,098) (15,096)  
Other undisclosed loss from continuing operations  (1,359)  
Net income (loss):3,350 43,313(30)(28)
Other undisclosed net income (loss) attributable to parent  1,359 (0)
Net income (loss) available to common stockholders, diluted:3,350 44,672(30)(28)

Comprehensive Income ($ in thousands)

Net income (loss):3,350 43,313(30)(28)
Other comprehensive income (loss)23,669(39,980)(44,672)  
Comprehensive income (loss), net of tax, attributable to parent:27,019(39,980)(1,359)(30)(28)

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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