SHARING ECONOMY INTERNATIONAL INC. (SEII) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
CORNWALL CENTRE, NO.85 CASTLE PEAK ROAD NEW TERRITORIES, 00000 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7373 - Computer Integrated Systems Design (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 66 | 1,805 | 84 | 859 | 1,019 | 1,481 | |||
| Cash and cash equivalents | 66 | 1,805 | 84 | 859 | 1,019 | 1,481 | |||
| Restricted cash and investments | 77 | 273 | 551 | ||||||
| Receivables | 141 | 39 | 0 | 4,478 | 9,554 | 14,056 | |||
| Inventory, net of allowances, customer advances and progress billings | (4,520) | 6,414 | 4,554 | 2,394 | |||||
| Inventory | (4,520) | 6,414 | 4,554 | 2,394 | |||||
| Prepaid expense | 565 | 2,024 | 1,117 | ||||||
| Deferred costs | 1,231 | 2,024 | 1,117 | ||||||
| Disposal group, including discontinued operation | 210 | 408 | 1,759 | ||||||
| Other undisclosed current assets | 3,932 | 2,122 | 10,072 | 7,382 | 3,071 | 4,117 | |||
| Total current assets: | 4,139 | 3,967 | 5,636 | 21,217 | 22,926 | 26,592 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 396 | 487 | 620 | 21,563 | 33,181 | 29,879 | |||
| Long-term investments and receivables | 9,054 | 8,611 | |||||||
| Long-term investments | 9,054 | 8,611 | |||||||
| Intangible assets, net (including goodwill) | 32 | 157 | 5,284 | ||||||
| Intangible assets, net (excluding goodwill) | 32 | 157 | 5,284 | ||||||
| Other undisclosed noncurrent assets | 1,108 | 3,563 | 5,394 | ||||||
| Total noncurrent assets: | 427 | 644 | 1,728 | 25,126 | 47,629 | 43,773 | |||
| TOTAL ASSETS: | 4,567 | 4,611 | 7,365 | 46,343 | 70,556 | 70,365 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 785 | 2,197 | 803 | 5,095 | 3,028 | 1,281 | |||
| Taxes payable | ✕ | 7 | 60 | 63 | 47 | ||||
| Accounts payable | 785 | 1,265 | 516 | 4,255 | 2,799 | 865 | |||
| Accrued liabilities | 932 | 280 | 780 | 166 | 368 | ||||
| Deferred revenue | 0 | ✕ | ✕ | ✕ | |||||
| Debt | 7,831 | 7,042 | (220) | 3,167 | 2,707 | ||||
| Disposal group, including discontinued operation | 269 | 390 | 559 | ||||||
| Due to related parties | 3,649 | 2,468 | 2,366 | 1,258 | 348 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | 2,454 | 427 | ||
| Other undisclosed current liabilities | 5,515 | 4,260 | 79 | ||||||
| Total current liabilities: | 12,265 | 11,707 | 8,683 | 10,661 | 9,387 | 5,053 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 4,822 | 4,940 | 4,981 | 245 | |||||
| Long-term debt, excluding current maturities | 4,822 | 4,940 | 4,981 | 245 | |||||
| Total noncurrent liabilities: | 4,822 | 4,940 | 4,981 | 245 | |||||
| Total liabilities: | 17,088 | 16,648 | 13,665 | 10,906 | 9,387 | 5,053 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (11,634) | (11,159) | (5,340) | 35,977 | 61,145 | 65,312 | |||
| Preferred stock | 3 | 1 | |||||||
| Common stock | 239 | 173 | 199 | 7 | 3 | 1 | |||
| Additional paid in capital | 65,048 | 61,701 | 53,700 | 58,452 | 40,241 | 35,550 | |||
| Accumulated other comprehensive income (loss) | (16) | (13) | 43 | 2,658 | 4,924 | 877 | |||
| Retained earnings (accumulated deficit) | (76,908) | (73,020) | (66,301) | (27,493) | 13,625 | 26,531 | |||
| Other undisclosed equity, attributable to parent | 7,019 | 2,353 | 2,353 | 2,353 | |||||
| Equity, attributable to noncontrolling interest | (887) | (878) | (960) | (540) | 24 | ||||
| Total equity: | (12,521) | (12,037) | (6,300) | 35,437 | 61,169 | 65,312 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,567 | 4,611 | 7,365 | 46,343 | 70,556 | 70,365 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 238 | 52 | 30 | 9,508 | 13,522 | 17,364 | ||
| Cost of revenue | (54) | (1) | (25) | (13,924) | (13,678) | (14,818) | ||
| Gross profit: | 184 | 51 | 5 | (4,416) | (156) | 2,546 | ||
| Operating expenses | (4,259) | (3,227) | (7,045) | (28,382) | (12,076) | (3,859) | ||
| Operating loss: | (4,075) | (3,176) | (7,040) | (32,798) | (12,232) | (1,312) | ||
| Nonoperating income (expense) | 178 | (3,613) | 4,483 | (9,304) | (188) | (81) | ||
| Investment income, nonoperating | 549 | (68) | 4,732 | 16 | 13 | 24 | ||
| Other nonoperating income (expense) | 7 | 102 | 75 | (42) | 70 | 20 | ||
| Interest and debt expense | (378) | 292 | (322) | (374) | (138) | (125) | ||
| Loss from continuing operations before equity method investments, income taxes: | (4,275) | (6,497) | (2,879) | (42,477) | (12,558) | (1,518) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 378 | (292) | 322 | 374 | 138 | 125 | ||
| Loss from continuing operations before income taxes: | (3,898) | (6,789) | (2,557) | (42,102) | (12,420) | (1,393) | ||
| Income tax expense | (408) | |||||||
| Loss from continuing operations: | (3,898) | (6,789) | (2,557) | (42,102) | (12,828) | (1,393) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (3,898) | (6,789) | (27,508) | (42,086) | (12,926) | (11,679) | |
| Income (loss) from discontinued operations | (24,951) | 16 | (98) | (10,286) | ||||
| Net loss: | (3,898) | (6,789) | (27,508) | (42,086) | (12,926) | (11,679) | ||
| Net income attributable to noncontrolling interest | 10 | 69 | 421 | 969 | 20 | |||
| Net loss available to common stockholders, diluted: | (3,888) | (6,719) | (27,087) | (41,117) | (12,907) | (11,679) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (3,898) | (6,789) | (27,508) | (42,086) | (12,926) | (11,679) | ||
| Other comprehensive income (loss) | (0) | (3) | (2) | 0 | ||||
| Other undisclosed comprehensive income (loss) | (2,263) | 4,049 | (4,820) | |||||
| Comprehensive loss: | (3,898) | (6,789) | (27,508) | (44,352) | (8,880) | (16,499) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (10) | 69 | 421 | 969 | 20 | |||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 17 | (57) | 22 | 4,820 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (3,891) | (6,777) | (27,065) | (43,384) | (8,860) | (11,679) | ||
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.