XT Energy Group, Inc. (XTEG) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
NO.1 FUQIAO VILLAGE, HENGGOUQIAO TOWN XIANNING, HUBEI, 437012 |
| State of Incorp. | NV |
| Fiscal Year End | July 31 |
| Industry (SIC) | 3621 - Motors and Generators (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 4/30/2020 MRQ | 7/31/2019 | 7/31/2018 | 7/31/2017 | 7/31/2016 | 7/31/2015 | 7/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 3,896 | 14,246 | 1,157 | 1,226 | 502 | 557 | |||
| Cash and cash equivalents | 3,460 | 14,246 | 1,157 | 1,226 | 502 | 557 | |||
| Short-term investments | 436 | ||||||||
| Receivables | 6,509 | 6,523 | 1,155 | 3,340 | 5,692 | 5 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,840 | 5,142 | 550 | 2,081 | 1,464 | 9,646 | |||
| Inventory | 6,840 | 5,142 | 550 | 2,081 | 1,464 | 9,646 | |||
| Prepaid expense | 1,551 | 1,365 | 4,594 | 5,174 | 10,571 | ||||
| Advances on inventory purchases | 4,723 | 1,101 | 1,169 | ||||||
| Disposal group, including discontinued operation | 4,442 | ||||||||
| Deposits current assets | 440 | ||||||||
| Other current assets | 126 | 722 | 1,147 | ||||||
| Costs in excess of billings | ✕ | ✕ | ✕ | 2,917 | 711 | ||||
| Deferred tax assets | ✕ | ✕ | 112 | ||||||
| Other undisclosed current assets | 77 | 4,643 | (3,061) | ||||||
| Total current assets: | 28,037 | 33,459 | 6,948 | 12,079 | 13,553 | 18,975 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 15,062 | 11,966 | 4,330 | 4,521 | 7,679 | 6,779 | |||
| Intangible assets, net (including goodwill) | 11,548 | 13,394 | |||||||
| Goodwill | 3,758 | 4,133 | |||||||
| Intangible assets, net (excluding goodwill) | 7,790 | 9,261 | |||||||
| Prepaid expense | 192 | 208 | |||||||
| Other undisclosed noncurrent assets | 9,537 | 2,080 | 179 | 91 | 1,591 | ||||
| Total noncurrent assets: | 36,339 | 25,569 | 6,411 | 4,699 | 7,770 | 8,370 | |||
| TOTAL ASSETS: | 64,377 | 59,028 | 13,359 | 16,778 | 21,324 | 27,345 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,024 | 6,248 | 5,016 | 4,852 | 3,535 | 356 | |||
| Taxes payable | 859 | 898 | 545 | 329 | |||||
| Accounts payable | 3,165 | 5,349 | |||||||
| Accrued liabilities | 86 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 4,471 | 4,522 | 3,535 | 270 | |||||
| Debt | 23,215 | 33 | 31 | ||||||
| Disposal group, including discontinued operation | 1,499 | ||||||||
| Other liabilities | 467 | 235 | |||||||
| Billings in excess of cost | ✕ | ✕ | ✕ | 3,490 | |||||
| Deferred tax liabilities | ✕ | ✕ | 108 | 83 | |||||
| Due to related parties | 6,385 | 14,230 | 2,353 | 1,717 | 19 | 19 | |||
| Customer advances and deposits | ✕ | ✕ | ✕ | 472 | 621 | 452 | |||
| Other undisclosed current liabilities | 18,058 | 4,673 | 1,045 | 744 | 1,474 | 15,343 | |||
| Total current liabilities: | 29,966 | 48,366 | 9,353 | 8,276 | 9,086 | 15,748 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,688 | 2,718 | |||||||
| Capital lease obligations | ✕ | ✕ | 2,688 | 2,718 | |||||
| Liabilities, other than long-term debt | 280 | 7,205 | |||||||
| Other liabilities | 280 | 7,205 | |||||||
| Total noncurrent liabilities: | 280 | 7,205 | 2,688 | 2,718 | |||||
| Total liabilities: | 30,245 | 55,571 | 9,353 | 8,276 | 11,774 | 18,467 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 31,815 | 2,574 | 4,006 | 8,502 | 9,549 | 8,879 | |||
| Common stock | 531 | 591 | 591 | 591 | 591 | 531 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (250) | (310) | |||||||
| Common stock, value, subscriptions | (310) | (310) | (310) | ||||||
| Additional paid in capital | 40,680 | 9,860 | 9,963 | 9,714 | 9,458 | 9,202 | |||
| Accumulated other comprehensive income (loss) | (1,426) | (932) | (860) | (679) | 16 | 8 | |||
| Accumulated deficit | (8,293) | (6,743) | (5,377) | (813) | (205) | (862) | |||
| Other undisclosed equity, attributable to parent | 573 | 108 | |||||||
| Equity, attributable to noncontrolling interest | 2,316 | 883 | |||||||
| Total equity: | 34,131 | 3,457 | 4,006 | 8,502 | 9,549 | 8,879 | |||
| TOTAL LIABILITIES AND EQUITY: | 64,377 | 59,028 | 13,359 | 16,778 | 21,324 | 27,345 | |||
Income Statement (P&L) ($ in thousands)
| 4/30/2020 TTM | 7/31/2019 | 7/31/2018 | 7/31/2017 | 7/31/2016 | 7/31/2015 | 7/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 53,127 | 15,270 | 9,521 | 10,840 | 20,772 | |||
| Cost of revenue | (40,217) | (9,813) | (8,543) | (9,643) | (17,781) | |||
| Cost of goods and services sold | (40,217) | (12,631) | (8,543) | (9,643) | (17,781) | |||
| Other undisclosed gross profit | (2,818) | |||||||
| Gross profit: | 12,910 | 2,638 | 978 | 1,197 | 2,991 | |||
| Operating expenses | (11,573) | (3,488) | (5,394) | (1,724) | (1,238) | (751) | ||
| Operating income (loss): | 1,337 | (849) | (4,415) | (527) | 1,753 | (751) | ||
| Nonoperating income (expense) | (1,163) | (270) | 10 | 145 | (179) | (45) | ||
| Other nonoperating income (expense) | (245) | 22 | 8 | 145 | (0) | |||
| Interest and debt expense | (955) | (300) | 0 | (179) | (45) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (781) | (1,419) | (4,406) | (381) | 1,396 | (840) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 955 | 300 | (0) | 179 | 45 | |||
| Income (loss) from continuing operations before income taxes: | 174 | (1,119) | (4,406) | (382) | 1,574 | (795) | ||
| Income tax expense (benefit) | (1,964) | (180) | (158) | (227) | (917) | 114 | ||
| Income (loss) from continuing operations: | (1,790) | (1,299) | (4,564) | (608) | 657 | (681) | ||
| Income (loss) before gain (loss) on sale of properties: | (1,790) | (1,299) | (4,564) | (608) | 657 | (681) | ||
| Other undisclosed net income | 1,051 | |||||||
| Net income (loss): | (739) | (1,299) | (4,564) | (608) | 657 | (681) | ||
| Net loss attributable to noncontrolling interest | (241) | (67) | ||||||
| Other undisclosed net loss attributable to parent | (105) | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,085) | (1,366) | (4,564) | (608) | 657 | (681) | ||
Comprehensive Income ($ in thousands)
| 4/30/2020 TTM | 7/31/2019 | 7/31/2018 | 7/31/2017 | 7/31/2016 | 7/31/2015 | 7/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (739) | (1,299) | (4,564) | (608) | 657 | (681) | ||
| Other undisclosed comprehensive loss | (492) | (115) | ||||||
| Comprehensive income (loss): | (1,231) | (1,414) | (4,564) | (608) | 657 | (681) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (347) | (24) | ||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (181) | (695) | 7 | 8 | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,579) | (1,438) | (4,745) | (1,303) | 665 | (674) | ||
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.