QKL Stores Inc (QKLS) financial statements (2022 and earlier)

Company profile

Business Address 1 NANREYUAN STREET
DAQING, 163300
State of Incorp. DE
Fiscal Year End December 31
SIC 5411 - Grocery Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,16718,78936,72243,5569,01342,60647,167
Cash and cash equivalents9,05918,78936,72243,5569,01342,60647,167
Short-term investments108      
Restricted cash and investments8,16520,50721,36321,3228,624  
Receivables19,78823,93423,63425,28326,285321331
Inventory, net of allowances, customer advances and progress billings57,91142,85241,15036,06062,60647,45447,440
Inventory57,91142,85241,15036,06062,60647,45447,440
Prepaid expense9,38811,23311,20612,16512,1146,9344,813
Advances on inventory purchases10,9598,5259,0398,1438,6534,9424,926
Deposits current assets 4,2264,0654,5644,8754,1815,283
Income taxes receivable1,6961,760
Deferred tax assets2,0582,8282,8362,8302,8402,7782,769
Other undisclosed current assets (7,658)(7,367)(8,272)(8,835)23,66125,557
Total current assets:117,436125,236142,648145,652126,174134,572140,047
Noncurrent Assets
Property, plant and equipment23,65934,33537,37938,31637,84338,10938,289
Other noncurrent assets6121212121717
Deferred tax assets, net1,253606262626767
Other undisclosed noncurrent assets619638671680684699699
Total noncurrent assets:25,53735,04538,12439,07038,60138,89239,072
TOTAL ASSETS:142,974160,281180,773184,721164,775173,464179,119
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities54,96551,96153,37552,91953,82568,80870,271
Accounts payable41,06235,68936,64936,11037,20733,99234,222
Accrued liabilities13,72716,05516,50216,58516,39615,57316,124
Taxes payable176217223225222334345
Accounts payable and other accrued liabilities18,91119,580
Debt69,31970,71285,61485,44960,20260,10460,087
Customer advances and deposits2,8671,9681,9401,9912,005  
Other undisclosed current liabilities21,33320,91620,93720,96521,3103,1172,622
Total current liabilities:148,484145,558161,867161,324137,342132,030132,981
Noncurrent Liabilities
Total liabilities:148,484145,558161,867161,324137,342132,030132,981
Stockholders' equity
Stockholders' equity attributable to parent, including:(5,510)14,72318,90623,39727,43341,43446,138
Preferred stock5555555
Common stock2222222
Additional paid in capital93,74693,74693,74693,74693,74693,64493,542
Accumulated other comprehensive income12,74014,72015,05515,00614,45813,90013,225
Accumulated deficit(120,346)(102,089)(89,902)(85,361)(80,778)(66,116)(60,636)
Other undisclosed stockholders' equity attributable to parent8,3438,338     
Total stockholders' equity:(5,510)14,72318,90623,39727,43341,43446,138
TOTAL LIABILITIES AND EQUITY:142,974160,281180,773184,721164,775173,464179,119

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

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
Revenues
(Revenue, Net)
62,44958,62456,43392,55875,82861,12151,656
Cost of revenue
(Cost of Goods and Services Sold)
(50,917)(48,825)(47,370)(77,297)(63,091)(50,855)(42,969)
Gross profit:11,5329,7999,06315,26012,73710,2668,687
Operating expenses(29,632)(12,465)(12,548)(18,842)(24,584)(15,085)(11,421)
Operating loss:(18,101)(2,665)(3,486)(3,581)(11,847)(4,819)(2,734)
Nonoperating expense(929)(1,182)(1,044)(994)(869)(650)(1,025)
Investment income, nonoperating2425020386(103)242255
Interest and debt expense(954)(1,433)(1,248)(1,080)(766)(892)(1,279)
Other undisclosed income from continuing operations before equity method investments, income taxes9541,4331,2481,0807668921,279
Loss from continuing operations before income taxes:(19,030)(3,848)(4,530)(4,575)(12,717)(5,470)(3,759)
Income tax expense (benefit)778(1)(11)(8)(1,945)(11)(4)
Net loss available to common stockholders, diluted:(18,252)(3,848)(4,541)(4,583)(14,662)(5,481)(3,763)

Comprehensive Income ($ in thousands)

12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
Net loss:(18,252)(3,848)(4,541)(4,583)(14,662)(5,481)(3,763)
Comprehensive loss:(18,252)(3,848)(4,541)(4,583)(14,662)(5,481)(3,763)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,981)(335)5054755967521
Comprehensive loss, net of tax, attributable to parent:(20,233)(4,184)(4,491)(4,036)(14,103)(4,806)(3,742)

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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