REDtone Asia, Inc. (RTAS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
UNIT 15 A,E,F , SANHE PLAZA JINGAN DISTRICT, SHANGHAI, PR, 200042 |
| State of Incorp. | NV |
| Fiscal Year End | May 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 7/31/2016 MRQ | 4/30/2016 | 5/31/2015 | 5/31/2014 | 5/31/2013 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 345 | 5,063 | 2,991 | 5,479 | |||
| Cash and cash equivalents | 345 | 5,063 | 2,991 | 5,479 | |||
| Receivables | 4,145 | 4,477 | 4,006 | 5,701 | |||
| Inventory, net of allowances, customer advances and progress billings | 4 | 4 | 11 | ||||
| Inventory | 4 | 4 | 11 | ||||
| Disposal group, including discontinued operation | 1,713 | ||||||
| Deposits current assets | 293 | 119 | |||||
| Other undisclosed current assets | 788 | (3,582) | (119) | (2,844) | |||
| Total current assets: | 5,278 | 6,254 | 8,714 | 8,346 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 1,015 | 3,803 | 1,452 | 1,901 | |||
| Long-term investments and receivables | (3,273) | 3,302 | |||||
| Due from related parties | (3,273) | 3,302 | |||||
| Intangible assets, net (including goodwill) | 1,610 | 2,154 | 2,550 | 2,170 | |||
| Goodwill | 377 | 610 | 610 | ||||
| Intangible assets, net (excluding goodwill) | 1,610 | 1,777 | 1,940 | 1,559 | |||
| Other undisclosed noncurrent assets | 3,273 | ||||||
| Total noncurrent assets: | 2,624 | 5,958 | 4,002 | 7,373 | |||
| TOTAL ASSETS: | 7,902 | 12,212 | 12,716 | 15,719 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 2,128 | 1,782 | 3,815 | 5,004 | |||
| Taxes payable | 972 | 656 | 671 | 718 | |||
| Accounts payable | 776 | 781 | 2,798 | 3,751 | |||
| Accrued liabilities | 379 | 344 | 346 | 534 | |||
| Disposal group, including discontinued operation | 57 | ||||||
| Deferred revenue and credits | 1,146 | 794 | 744 | ||||
| Due to related parties | 2,001 | 2,034 | 149 | 116 | |||
| Other undisclosed current liabilities | 450 | 539 | 236 | 841 | |||
| Total current liabilities: | 5,725 | 5,149 | 5,001 | 5,961 | |||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 5 | 20 | |||||
| Deferred tax liabilities, net | 5 | 20 | |||||
| Total noncurrent liabilities: | 5 | 20 | |||||
| Total liabilities: | 5,725 | 5,149 | 5,006 | 5,981 | |||
| Commitments and contingencies | 2,786 | ||||||
| Temporary equity, carrying amount | (2,786) | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 4,606 | 7,443 | 7,546 | 9,738 | |||
| Common stock | 28 | 28 | |||||
| Additional paid in capital | 7,727 | 7,727 | 7,727 | 7,727 | |||
| Accumulated other comprehensive income | 532 | 837 | 891 | 888 | |||
| Retained earnings (accumulated deficit) | (446) | 2,141 | 2,173 | 1,095 | |||
| Other undisclosed equity, attributable to parent | (3,235) | (3,289) | (3,245) | 28 | |||
| Equity, attributable to noncontrolling interest | (2,429) | (381) | 164 | ||||
| Total equity: | 2,177 | 7,062 | 7,710 | 9,738 | |||
| TOTAL LIABILITIES AND EQUITY: | 7,902 | 12,212 | 12,716 | 15,719 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2016 TTM | 4/30/2016 | 5/31/2015 | 5/31/2014 | 5/31/2013 | ||
|---|---|---|---|---|---|---|
| Revenues | 5,101 | 8,424 | 6,177 | 7,221 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (3,997) | (6,908) | (2,955) | (4,730) | ||
| Gross profit: | 1,104 | 1,516 | 3,221 | 2,491 | ||
| Operating expenses | (4,209) | (2,028) | (1,085) | (1,474) | ||
| Operating income (loss): | (3,105) | (512) | 2,136 | 1,017 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,105) | (512) | 2,136 | 1,017 | ||
| Other undisclosed loss from continuing operations before income taxes | (1,047) | (710) | (946) | (683) | ||
| Income (loss) from continuing operations before income taxes: | (4,151) | (1,223) | 1,190 | 334 | ||
| Income tax expense (benefit) | (540) | (68) | 104 | (285) | ||
| Income (loss) from continuing operations: | (4,691) | (1,291) | 1,294 | 49 | ||
| Income (loss) before gain (loss) on sale of properties: | (4,691) | (384) | 1,050 | 49 | ||
| Income (loss) from discontinued operations | 907 | (244) | ||||
| Other undisclosed net income | 2,104 | 352 | 27 | |||
| Net income (loss): | (2,587) | (32) | 1,078 | 49 | ||
| Net income attributable to noncontrolling interest | 352 | |||||
| Other undisclosed net loss attributable to parent | (2,104) | (704) | ||||
| Net income (loss) available to common stockholders, diluted: | (4,691) | (384) | 1,078 | 49 | ||
Comprehensive Income ($ in thousands)
| 7/31/2016 TTM | 4/30/2016 | 5/31/2015 | 5/31/2014 | 5/31/2013 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (2,587) | (32) | 1,078 | 49 | ||
| Other comprehensive loss | (248) | (50) | ||||
| Other undisclosed comprehensive loss | (1,076) | |||||
| Comprehensive income (loss): | (2,835) | (82) | 1 | 49 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 56 | 356 | (2) | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (56) | (356) | 1,079 | 152 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,835) | (82) | 1,079 | 201 | ||
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.