TANCHENG GROUP CO., LTD. (QSJC) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
NO.32, HUILI TOWNSHIP, JIAOCHENG COUNTY, LVLIANG CITY, 030500 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 7/31/2022 | 7/31/2021 | 7/31/2020 | 7/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 2 | 0 | 2 | 1 | ||||
| Cash and cash equivalents | 2 | 0 | 2 | 1 | ||||
| Receivables | 1 | 17 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 1,252 | |||||||
| Inventory | 1,252 | |||||||
| Prepaid expense | 1 | 1 | 1 | 1 | ||||
| Other current assets | 0 | |||||||
| Other undisclosed current assets | 2,124 | 0 | 0 | 0 | (17) | |||
| Total current assets: | 3,377 | 3 | 1 | 2 | 2 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 125 | |||||||
| Intangible assets, net (including goodwill) | 21 | |||||||
| Intangible assets, net (excluding goodwill) | 21 | |||||||
| Total noncurrent assets: | 125 | 21 | ||||||
| TOTAL ASSETS: | 3,502 | 24 | 1 | 2 | 2 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 154 | 23 | 17 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 23 | 15 | |||
| Accounts payable | 154 | 2 | ||||||
| Other liabilities | 1,320 | |||||||
| Due to related parties | ✕ | ✕ | 72 | 15 | ||||
| Other undisclosed current liabilities | 3,223 | 74 | 37 | |||||
| Total current liabilities: | 4,697 | 146 | 60 | 15 | 17 | |||
| Noncurrent Liabilities | ||||||||
| Other undisclosed noncurrent liabilities | 15 | 17 | ||||||
| Total noncurrent liabilities: | 15 | 17 | ||||||
| Other undisclosed liabilities | (43) | (49) | ||||||
| Total liabilities: | 4,697 | 146 | 60 | (13) | (15) | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (1,195) | (122) | (59) | (13) | (15) | |||
| Common stock | 4 | 4 | 4 | |||||
| Treasury stock, value | (4) | |||||||
| Additional paid in capital | 163 | 17 | 17 | 17 | 1 | |||
| Accumulated other comprehensive income | 51 | |||||||
| Retained earnings (accumulated deficit) | (1,413) | 144 | (80) | (34) | (20) | |||
| Warrants and rights outstanding | 122 | |||||||
| Other undisclosed equity, attributable to parent | (410) | 4 | 7 | |||||
| Other undisclosed equity | 28 | 32 | ||||||
| Total equity: | (1,195) | (122) | (59) | 15 | 17 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,502 | 24 | 1 | 2 | 2 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 7/31/2022 | 7/31/2021 | 7/31/2020 | 7/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 1,969 | 64 | 46 | ||||
| Net investment income | 64 | 46 | |||||
| Cost of revenue | (1,608) | (1) | (14) | (18) | |||
| Deferred sales inducement cost, amortization expense | (1) | ||||||
| Gross profit: | 361 | 63 | 46 | (14) | (18) | ||
| Operating expenses | (652) | (64) | (46) | (0) | (0) | ||
| Other undisclosed operating income | 65 | 46 | 38 | ||||
| Operating income (loss): | (291) | 64 | 46 | (14) | 20 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (291) | 64 | 46 | (14) | 20 | ||
| Other undisclosed income from continuing operations before income taxes | 1 | ||||||
| Income (loss) from continuing operations before income taxes: | (290) | 64 | 46 | (14) | 20 | ||
| Income tax expense | (13) | (10) | (4) | ||||
| Other undisclosed loss from continuing operations | (20) | ||||||
| Income (loss) from continuing operations: | (290) | 30 | 36 | (14) | 16 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 94 | 82 | (14) | 16 | |
| Income from discontinued operations | 64 | 46 | |||||
| Other undisclosed net loss | (34) | ||||||
| Net income (loss): | (290) | 94 | 82 | (14) | (18) | ||
| Other undisclosed net loss attributable to parent | (158) | (128) | |||||
| Net loss available to common stockholders, diluted: | (290) | (64) | (46) | (14) | (18) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 7/31/2022 | 7/31/2021 | 7/31/2020 | 7/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | (290) | 94 | 82 | (14) | (18) | ||
| Other comprehensive income (loss) | 24 | ||||||
| Comprehensive income (loss): | (265) | 94 | 82 | (14) | (18) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (265) | 94 | 82 | (14) | (18) | ||
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.