Consumer Capital Group, Inc. (CCGN) Financial Statements (2023 and earlier)

Company Profile

Business Address 1125 ROUTE 9W S
NYACK, NY 10960
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6159 - Miscellaneous business Credit Institutions (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments1,1871,4612,739102174
Cash and cash equivalents7261,4612,739102174
Short-term investments 461    
Receivables313,769 364793
Inventory, net of allowances, customer advances and progress billings    762679
Inventory    762679
Prepaid expense588519107
Prepaid expense and other current assets176
Deferred tax assets   814  
Other current assets    34
Other undisclosed current assets 68339,096893457
Total current assets:1,2765,99942,6672,2612,280
Noncurrent Assets
Property, plant and equipment83102303153
Intangible assets, net (including goodwill)  1,454 
Intangible assets, net (excluding goodwill)  1,454   
Disposal group, including discontinued operation, noncurrent assets   218
Other noncurrent assets    132
Prepaid expense and other noncurrent assets96
Deferred tax assets, net  57307  
Total noncurrent assets:831,614555163150
TOTAL ASSETS:1,3597,61343,2222,4242,430
Current Liabilities
Accounts payable and accrued liabilities, including:532130132703773
Interest and dividends payable     
Taxes payable 03524861317
Accounts payable    661728
Accrued liabilities  182032928
Other undisclosed accounts payable and accrued liabilities531(240)(557)  
Debt94  140 
Deferred revenue and credits    1
Deferred tax liabilities84136   
Due to related parties911,1081,6882,3961,837
Other liabilities01570138141
Other undisclosed current liabilities1,2172,80442,009200122
Total current liabilities:2,0174,33443,8293,5772,873
Noncurrent Liabilities
Long-term debt and lease obligation1,506  121 
Long-term debt, excluding current maturities1,506  121 
Liabilities, other than long-term debt1,400    
Due to related parties1,400    
Other undisclosed noncurrent liabilities   333(121) 
Total noncurrent liabilities:2,907 333  
Total liabilities:4,9244,33444,1623,5772,873
Equity, attributable to parent, including:(2,304)3,462(606)(1,152)(319)
Common stock33322
Additional paid in capital8,0228,1214,4022,9732,973
Accumulated other comprehensive income (loss)(64)144(44)6373
Accumulated deficit(10,264)(4,676)(5,170)(4,069)(3,367)
Other undisclosed equity, attributable to parent  (131)202(121) 
Equity, attributable to noncontrolling interest(1,261)(183) 107
Other undisclosed equity   (333)(10)(131)
Total equity:(3,564)3,279(939)(1,152)(443)
TOTAL LIABILITIES AND EQUITY:1,3597,61343,2222,4242,430

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

Revenue, net  5,0265,8486,824
Cost of revenue  (916)(5,768)(5,596)
Cost of goods and services sold    (5,768)(5,596)
Provision for loan, lease, and other losses
Financial services costs  (916)  
Other undisclosed gross profit     
Gross profit:482614,110811,228
Operating expenses(1,939)(890)(5,505)(1,046)(2,561)
Other undisclosed operating income   916  
Operating income (loss):(1,891)(628)(480)(965)(1,333)
Nonoperating income (expense)(1,811)2,95721427852
Investment income, nonoperating1,3602,949213  
Other nonoperating income (expense) 8027852
Interest and debt expense(1,817)(173)(3,027)  
Other undisclosed income from continuing operations before equity method investments, income taxes1,817    
Income (loss) from continuing operations before equity method investments, income taxes:(3,701)2,156(3,293)(687)(1,281)
Other undisclosed income (loss) from continuing operations before income taxes  (1,292)4,309(11) 
Income (loss) from continuing operations before income taxes:(3,701)8641,016(698)(1,281)
Income tax expense  (78)(434)(2)(2)
Income (loss) from continuing operations:(3,701)786582(700)(1,283)
Income (loss) before gain (loss) on sale of properties:(6,628)(1,315)582(700)(1,283)
Loss from discontinued operations (2,926)(2,100)   
Net income (loss):(6,628)(1,315)582(700)(1,283)
Net loss attributable to noncontrolling interest     (3)
Other undisclosed net income attributable to parent 1,0401,808   
Net income (loss) attributable to parent:(5,588)494582(700)(1,286)
Other undisclosed net income (loss) available to common stockholders, basic  (558)  
Net income (loss) available to common stockholders, diluted:(5,588)49423(700)(1,286)

Comprehensive Income ($ in thousands)

Net income (loss):(6,628)(1,315)582(700)(1,283)
Other comprehensive loss (246)  (10) 
Other undisclosed comprehensive income (loss) 188(191) (8)
Comprehensive income (loss):(6,874)(1,126)391(710)(1,291)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (168) 33
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,078335 (6)(6)
Comprehensive income (loss), net of tax, attributable to parent:(5,797)(959)391(713)(1,294)

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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