Cang Bao Tian Xia International Art Trade Center, Inc. (TXCB) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5-1-1206 HEFENG JIANGAN, NIANQING RD. HAINAN PROVINCE, 570203 |
| State of Incorp. | |
| Fiscal Year End | June 30 |
| Industry (SIC) | 501 - Motor Vehicles And Motor Vehicle Parts And Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2022 MRQ | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,200 | |||||
| Cash and cash equivalent | 1,200 | |||||
| Receivables | 1,236 | |||||
| Inventory, net of allowances, customer advances and progress billings | 109 | |||||
| Inventory | 109 | |||||
| Other undisclosed current assets | 9,253 | |||||
| Total current assets: | 11,798 | |||||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 8,220 | ✕ | ||||
| Property, plant and equipment | 185 | |||||
| Intangible assets, net (including goodwill) | 239 | |||||
| Intangible assets, net (excluding goodwill) | 239 | |||||
| Total noncurrent assets: | 8,644 | |||||
| TOTAL ASSETS: | 20,442 | |||||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 8,165 | 16 | 11 | |||
| Taxes payable | 4 | |||||
| Accounts payable | 8,160 | |||||
| Other undisclosed accounts payable and accrued liabilities | 16 | 11 | ||||
| Deferred revenue | 121 | ✕ | ||||
| Due to related parties | 129 | 95 | 16 | |||
| Other undisclosed current liabilities | 20,497 | |||||
| Total current liabilities: | 28,912 | 111 | 27 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation: | 4,987 | |||||
| Operating lease, liability | 4,987 | ✕ | ||||
| Other undisclosed noncurrent liabilities | (4,987) | |||||
| Total noncurrent liabilities: | 4,987 | |||||
| Total liabilities: | 33,899 | 111 | 27 | |||
| Commitments and contingencies | 111 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | (13,456) | (111) | (27) | |||
| Preferred stock | 10 | 10 | 10 | |||
| Common stock | 110 | 35 | 35 | |||
| Additional paid in capital | 20,435 | 20,510 | 20,510 | |||
| Accumulated other comprehensive loss | (512) | |||||
| Accumulated deficit | (33,499) | (20,666) | (20,582) | |||
| Stockholders' equity note, subscriptions receivable | (6,125) | |||||
| Other undisclosed equity, attributable to parent | 6,125 | |||||
| Total equity: | (13,456) | (111) | (27) | |||
| TOTAL LIABILITIES AND EQUITY: | 20,442 | 111 | ||||
Income Statement (P&L) ($ in thousands)
| 3/31/2022 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|
| Revenues | 1,303 | ||||
| Cost of revenue | (1,731) | ||||
| Gross profit: | (427) | ||||
| Operating expenses | (7,681) | (85) | (49) | ||
| Operating loss: | (8,109) | (85) | (49) | ||
| Nonoperating expense | (335) | ||||
| Loss from continuing operations before income taxes: | (8,443) | (85) | (49) | ||
| Income tax expense | (2) | ||||
| Loss from continuing operations: | (8,445) | (85) | (49) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (8,445) | (85) | (49) | |
| Net loss available to common stockholders, diluted: | (8,445) | (85) | (49) | ||
Comprehensive Income ($ in thousands)
| 3/31/2022 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|
| Net loss: | (8,445) | (85) | (49) | ||
| Other comprehensive income | 627 | ||||
| Comprehensive loss: | (7,818) | (85) | (49) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (1,255) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (9,073) | (85) | (49) | ||
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.