Senmiao Technology Limited (AIHS) financial statements (2021 and earlier)

Company profile

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

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

12/31/2020
TTM
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,5388445,021
Cash and cash equivalents3,5388445,021
Receivables1,334486695
Inventory, net of allowances, customer advances and progress billings4291,0011,508
Inventory4291,0011,508
Prepaid expense2,9072,799112
Disposal group, including discontinued operation490827 
Deposits current assets412490295
Other current assets2673 
Other undisclosed current assets141883,768
Total current assets:9,2766,60611,399
Noncurrent Assets
Finance lease, right-of-use asset5,6975,440
Operating lease, right-of-use asset399474
Property, plant and equipment1,112480126
Long-term investments and receivables464896 
Long-term investments1514 
Accounts and financing receivable, after allowance for credit loss449882 
Intangible assets, net (including goodwill)1,125778296
Goodwill146  
Intangible assets, net (excluding goodwill)979778296
Other undisclosed noncurrent assets845956493
Total noncurrent assets:9,6429,025915
TOTAL ASSETS:18,91815,63112,314
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4121,0161,082
Accounts payable2394247
Accrued liabilities55104198
Employee-related liabilities1,093891615
Taxes payable261622
Deferred revenue15390
Debt5,9573,998170
Due to related parties169153416
Disposal group, including discontinued operation2,6284,516 
Contract with customer, liability39
Other undisclosed current liabilities4,5961,3602,047
Total current liabilities:14,91411,1333,754
Noncurrent Liabilities
Long-term debt and lease obligation3,0392,937178
Long-term debt, excluding current maturities4764178
Finance lease, liability2,7892,576
Operating lease, liability202297
Liabilities, other than long-term debt45  
Deferred income tax liabilities45 
Other undisclosed noncurrent liabilities17988 
Total noncurrent liabilities:3,2633,026178
Total liabilities:18,17814,1583,931
Stockholders' equity
Stockholders' equity attributable to parent3,1102,8048,375
Common stock433
Additional paid in capital34,79427,01323,833
Accumulated other comprehensive loss(741)(507)(429)
Accumulated deficit(30,947)(23,705)(15,032)
Stockholders' equity attributable to noncontrolling interest(2,370)(1,331)7
Total stockholders' equity:7401,4728,383
TOTAL LIABILITIES AND EQUITY:18,91815,63112,314

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

12/31/2020
TTM
3/31/2020
3/31/2019
Revenues19,54415,7682,921
Cost of revenue(3,410)(12,280)(1,812)
Provision for loan, lease, and other losses(129)(3,404) 
Other undisclosed gross profit(12,399)(112) 
Gross profit:3,7353,3751,109
Operating expenses(13,363)(8,972)(5,558)
Operating loss:(9,628)(5,597)(4,449)
Nonoperating income (expense)(757)1,281(38)
Other nonoperating income (expense)57(45)(38)
Interest and debt expense(128)(97)(34)
Loss from continuing operations before equity method investments, income taxes:(10,512)(4,412)(4,521)
Other undisclosed income from continuing operations before income taxes13497 
Loss from continuing operations before income taxes:(10,378)(4,316)(4,521)
Income tax expense(14)(33)(22)
Other undisclosed loss from continuing operations(33)  
Loss from continuing operations:(10,426)(4,349)(4,543)
Loss from discontinued operations(78)(5,587) 
Other undisclosed loss before gain (loss) on sale of properties(5,587)  
Net loss:(16,091)(9,936)(4,543)
Net income (loss) attributable to noncontrolling interest2,6671,262(7)
Net loss available to common stockholders, diluted:(13,424)(8,673)(4,550)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
Net loss:(16,091)(9,936)(4,543)
Other undisclosed comprehensive loss(235)(155)(175)
Comprehensive loss:(16,326)(10,091)(4,718)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2,3751,339(7)
Comprehensive loss, net of tax, attributable to parent:(13,951)(8,752)(4,725)

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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