Singularity Future Technology Ltd. (SGLY) financial statements (2022 and earlier)

Company profile

Business Address 98 CUTTER MILL ROAD
GREAT NECK, NY 11021
State of Incorp. VA
Fiscal Year End June 30
SIC 4731 - Arrangement of Transportation of Freight and Cargo (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,40142,94944,83747,7844,4731,024
Cash and cash equivalents51,40142,94944,83747,7844,4731,024
Receivables4,7634,6545477182,1921,441
Prepaid expense  342 6371
Advances on inventory purchases4503068806138159
Other undisclosed current assets929(2,077)261380  
Total current assets:57,54345,83246,86749,4956,8092,594
Noncurrent Assets
Operating lease, right-of-use asset1,5461,683418382225263
Property, plant and equipment1,0611,1757571,269424476
Long-term investments and receivables210210    
Long-term investments210210    
Intangible assets, net (including goodwill)  (190)(190)(190)11
Intangible assets, net (excluding goodwill)  (190)(190)(190)11
Deposits noncurrent assets1431443,293   
Other noncurrent assets1341351163,2433,2043,099
Other undisclosed noncurrent assets4,6194,5091,542190190 
Total noncurrent assets:7,7137,8575,9364,8933,8543,849
TOTAL ASSETS:65,25653,68952,80354,38910,6626,444
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8134,6315,1484,9084,9815,778
Accounts payable540531575673564567
Accrued liabilities6345135947198551,801
Employee-related liabilities  407   
Taxes payable3,6393,5863,5723,5153,5623,410
Debt 31959132128
Other undisclosed current liabilities5985820665638282
Total current liabilities:5,4115,2165,3445,5815,7516,188
Noncurrent Liabilities
Long-term debt and lease obligation11,0351,19423821279106
Long-term debt, excluding current maturities10,000     
Operating lease, liability1,0351,19423821279106
Liabilities, other than long-term debt    212
Due to related parties    212
Other undisclosed noncurrent liabilities(1,035)(1,044)(86)(65)146140
Total noncurrent liabilities:11,0351,345152360227259
Total liabilities:16,4466,5615,7345,9415,9786,447
Stockholders' equity
Stockholders' equity attributable to parent49,96354,15554,02055,41811,6366,753
Preferred stock    1,428 
Common stock90,42485,48382,55682,55633,78929,466
Additional paid in capital2,3352,3352,3352,3352,3352,335
Accumulated other comprehensive loss(843)(563)(625)(733)(657)(893)
Accumulated deficit(41,953)(33,100)(30,245)(28,740)(25,258)(24,155)
Stockholders' equity attributable to noncontrolling interest(1,153)(7,027)(6,951)(6,970)(6,951)(6,756)
Total stockholders' equity:48,81047,12847,06948,4484,685(3)
TOTAL LIABILITIES AND EQUITY:65,25653,68952,80354,38910,6626,444

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

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
Revenues1,0421,7961,1779531,8841,137
Cost of revenue(1,025)(1,627)(1,092)(1,099)(1,688)(1,095)
Cost of goods and services sold(1,042)(1,796)(1,177)(953)(1,884)(1,137)
Gross profit:1716985(146)19642
Operating expenses(2,774)(3,039)(1,421)(2,854)(1,372)(791)
Operating loss:(2,757)(2,869)(1,337)(2,999)(1,176)(749)
Nonoperating income (expense)(6,161)(52)(75)(520)861
Investment income, nonoperating(6,132)     
Other nonoperating income (expense)(30)(52)(75)(520)861
Interest and debt expense(1)(1)    
Other undisclosed loss from continuing operations before equity method investments, income taxes  (6)   
Loss from continuing operations before equity method investments, income taxes:(8,919)(2,923)(1,418)(3,519)(1,090)(748)
Other undisclosed income from continuing operations before income taxes116   
Loss from continuing operations before income taxes:(8,918)(2,922)(1,412)(3,519)(1,090)(748)
Income tax expense   (215)(3)(1)
Loss before gain (loss) on sale of properties:(8,918)(2,922)(1,412)(3,734)(1,094)(749)
Other undisclosed net income   215 1
Net loss:(8,918)(2,922)(1,412)(3,519)(1,094)(748)
Net income (loss) attributable to noncontrolling interest (67)738(9)15
Other undisclosed net income (loss) attributable to parent 67(50)   
Net loss attributable to parent:(8,918)(2,922)(1,455)(3,481)(1,103)(734)
Other undisclosed net loss available to common stockholders, basic(67)     
Net loss available to common stockholders, diluted:(8,985)(2,922)(1,455)(3,481)(1,103)(734)

Comprehensive Income ($ in thousands)

12/31/2021
Q2
9/30/2021
Q1
6/30/2021
Q4
3/31/2021
Q3
12/31/2020
Q2
9/30/2020
Q1
Net loss:(8,918)(2,922)(1,412)(3,519)(1,094)(748)
Other undisclosed comprehensive income (loss)(247)5333(57)31(8)
Comprehensive loss:(9,165)(2,868)(1,379)(3,576)(1,063)(756)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(163)76(19)19195213
Comprehensive loss, net of tax, attributable to parent:(9,328)(2,792)(1,398)(3,558)(867)(543)

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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