Senmiao Technology Limited (AIHS) Financial Statements (2023 and Earlier)

Company Profile

Business Address 16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD.
CHENGDU, SICHUAN, 610000
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 6199 - Finance Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,8024,4488445,021
Cash and cash equivalents2,8024,4488445,021
Receivables8221,477486695
Inventory, net of allowances, customer advances and progress billings2111281,0011,508
Inventory2111281,0011,508
Prepaid expense3,7973,9052,799112
Disposal group, including discontinued operation12393827 
Deposits current assets  490295
Other current assets  73 
Other undisclosed current assets357542883,768
Total current assets:8,00110,8936,60611,399
Noncurrent Assets
Finance lease, right-of-use asset2,0964,7795,440
Operating lease, right-of-use asset354499474
Property, plant and equipment6,4303,706480126
Long-term investments and receivables100284896 
Long-term investments161514 
Accounts and financing receivable, after allowance for credit loss84269882 
Intangible assets, net (including goodwill), including:939968778296
Goodwill 135  
Intangible assets, net (excluding goodwill)939968778296
Other undisclosed intangible assets, net (including goodwill) (135)  
Other undisclosed noncurrent assets6661,174956493
Total noncurrent assets:10,58611,4109,025915
TOTAL ASSETS:18,58822,30315,63112,314
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0471,3751,0161,082
Accounts payable124454247
Accrued liabilities16104198
Employee-related liabilities1,9051,307891615
Taxes payable18171622
Deferred revenue74915690
Debt5,2806,0133,998170
Due to related parties365353153416
Disposal group, including discontinued operation5272,3374,516 
Contract with customer, liability39
Other undisclosed current liabilities8,9086,5461,3602,047
Total current liabilities:17,87616,77911,1333,754
Noncurrent Liabilities
Long-term debt and lease obligation1,5192,5652,937178
Long-term debt, excluding current maturities284564178
Finance lease, liability1,3122,2572,576
Operating lease, liability180264297
Liabilities, other than long-term debt4645  
Deferred income tax liabilities4645 
Other undisclosed noncurrent liabilities29434288 
Total noncurrent liabilities:1,8602,9523,026178
Total liabilities:19,73619,73114,1583,931
Temporary equity, carrying amount821   
Stockholders' equity
Stockholders' equity attributable to parent1,9205,8572,8048,375
Common stock6533
Additional paid in capital42,43140,75527,01323,833
Accumulated other comprehensive loss(778)(839)(507)(429)
Accumulated deficit(39,738)(34,065)(23,705)(15,032)
Stockholders' equity attributable to noncontrolling interest(3,890)(3,284)(1,331)7
Total stockholders' equity:(1,969)2,5731,4728,383
TOTAL LIABILITIES AND EQUITY:18,58822,30315,63112,314

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
Revenues6616,16815,7682,921
Cost of revenue(4,676)(5,969)(12,280)(1,812)
Provision for loan, lease, and other losses  (3,404) 
Other undisclosed gross profit105(7)(112) 
Gross profit:(3,910)1913,3751,109
Operating expenses(17,577)(10,376)(8,972)(5,558)
Operating loss:(21,487)(10,185)(5,597)(4,449)
Nonoperating income (expense)380(2,401)1,281(38)
Other nonoperating income (expense)29488(45)(38)
Interest and debt expense(10)(46)(97)(34)
Loss from continuing operations before equity method investments, income taxes:(21,117)(12,632)(4,412)(4,521)
Other undisclosed income from continuing operations before income taxes104697 
Loss from continuing operations before income taxes:(21,107)(12,586)(4,316)(4,521)
Income tax expense (benefit)14(15)(33)(22)
Loss from continuing operations:(21,093)(12,601)(4,349)(4,543)
Income (loss) from discontinued operations5,532(62)(5,587) 
Net loss:(15,561)(12,663)(9,936)(4,543)
Net income (loss) attributable to noncontrolling interest4,3432,3031,262(7)
Net loss available to common stockholders, diluted:(11,218)(10,360)(8,673)(4,550)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
Net loss:(15,561)(12,663)(9,936)(4,543)
Other undisclosed comprehensive loss(12)(315)(155)(175)
Comprehensive loss:(15,574)(12,977)(10,091)(4,718)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4,3002,2861,339(7)
Comprehensive loss, net of tax, attributable to parent:(11,274)(10,691)(8,752)(4,725)

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.

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