REDtone Asia, Inc. (RTAS) financial statements (2021 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
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
Q1
4/30/2016
Q4
2/29/2016
Q3
11/30/2015
Q2
8/31/2015
Q1
5/31/2015
Q4
2/28/2015
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3023454,3044,6424,8265,0634,991
Cash and cash equivalents3023454,3044,6424,8265,0634,991
Receivables4,0414,1451,4299204,1964,4776,243
Inventory, net of allowances, customer advances and progress billings  444451
Inventory  444451
Deposits current assets204   458293 
Other undisclosed current assets327788  (3,702)(3,582)(3,303)
Total current assets:4,8745,2785,7375,5665,7826,2547,982
Noncurrent Assets
Property, plant and equipment1,0341,0153,4883,5583,6313,8031,287
Intangible assets, net (including goodwill)1,5651,6101,6332,0692,1032,1541,834
Goodwill   377377377 
Intangible assets, net (excluding goodwill)1,5651,6101,6331,6921,7261,7771,834
Other noncurrent assets      1,723
Total noncurrent assets:2,5992,6245,1215,6275,7345,9584,843
TOTAL ASSETS:7,4737,90210,85811,19311,51612,21212,825
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0032,1281,2651,0721,1561,7822,169
Accounts payable569776274551057811,246
Accrued liabilities425379290330326344296
Taxes payable1,008972701686725656627
Due to related parties1,9832,0011,9431,8811,8832,034154
Deferred revenue and credits9731,1461,2721,2551,1767941,679
Other undisclosed current liabilities 450559495561539737
Total current liabilities:4,9585,7255,0384,7024,7765,1494,740
Noncurrent Liabilities
Liabilities, other than long-term debt   (5)(5)  
Deferred tax liabilities, net   (5)(5)  
Other undisclosed noncurrent liabilities  (5)    
Total noncurrent liabilities:  (5)(5)(5)  
Other undisclosed liabilities511      
Total liabilities:5,4695,7255,0344,6984,7725,1494,740
Commitments and contingencies     2,786 
Temporary equity, carrying amount     (2,786) 
Stockholders' equity
Stockholders' equity attributable to parent, including:4,4224,6066,3226,8487,1077,4437,968
Common stock282828282828 
Additional paid in capital7,7277,7277,7277,7277,7277,7277,727
Accumulated other comprehensive income403532444575646837859
Retained earnings (accumulated deficit)(534)(446)1,3471,7601,9502,1412,657
Other undisclosed stockholders' equity attributable to parent(3,203)(3,235)(3,224)(3,242)(3,244)(3,289)(3,275)
Stockholders' equity attributable to noncontrolling interest(2,418)(2,429)(498)(352)(363)(381)117
Total stockholders' equity:2,0042,1775,8256,4966,7447,0628,085
TOTAL LIABILITIES AND EQUITY:7,4737,90210,85811,19311,51612,21212,825

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

7/31/2016
Q1
4/30/2016
Q4
2/29/2016
Q3
11/30/2015
Q2
8/31/2015
Q1
5/31/2015
Q4
2/28/2015
Q3
Revenues7905861,3641,2931,8582,3261,536
Cost of revenue
(Cost of Goods and Services Sold)
(460)(736)(894)(934)(1,432)(2,049)(1,267)
Gross profit:331(150)470358426277269
Operating expenses(242)(2,952)(719)(267)(271)(2,210)(261)
Operating income (loss):88(3,102)(249)91155(1,933)7
Income (loss) from continuing operations before equity method investments, income taxes:88(3,102)(249)91155(1,933)7
Other undisclosed income (loss) from continuing operations before income taxes(170)(200)(326)(282)(239)1,168(364)
Loss from continuing operations before income taxes:(82)(3,302)(575)(191)(83)(765)(356)
Income tax expense (benefit)(49)(454)311(100)(56)(19)
Loss before gain (loss) on sale of properties:(131)(3,756)(572)(180)(183)(821)(376)
Other undisclosed net income (loss)441,963159(10)(8)893 
Net income (loss):(88)(1,793)(413)(190)(191)72(376)
Net income (loss) attributable to noncontrolling interest     399(21)
Other undisclosed net income (loss) attributable to parent(44)(1,963)(159)108(1,339)41
Net loss available to common stockholders, diluted:(131)(3,756)(572)(180)(183)(868)(355)

Comprehensive Income ($ in thousands)

7/31/2016
Q1
4/30/2016
Q4
2/29/2016
Q3
11/30/2015
Q2
8/31/2015
Q1
5/31/2015
Q4
2/28/2015
Q3
Net income (loss):(88)(1,793)(413)(190)(191)72(376)
Other comprehensive income (loss) 121(117)(72)(180)  
Other undisclosed comprehensive income (loss)     (122)343
Comprehensive loss:(88)(1,672)(530)(262)(371)(50)(33)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest543313 10355(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent(129)(33)(13) (10)(840)(355)
Comprehensive loss, net of tax, attributable to parent:(163)(1,672)(530)(262)(371)(535)(388)

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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