Consumer Capital Group, Inc. (CCGN) financial statements (2022 and earlier)

Company profile

Business Address 1125 ROUTE 9W S
NYACK, NY 10960
State of Incorp.
Fiscal Year End December 31
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 investments5011,1871,4612,739102
Cash and cash equivalents5017261,4612,739102
Short-term investments 461   
Receivables36313,769 364
Inventory, net of allowances, customer advances and progress billings    762
Inventory    762
Prepaid expense508588519107
Deferred tax assets   814 
Other current assets    34
Other undisclosed current assets331 68339,096893
Total current assets:1,3761,2765,99942,6672,261
Noncurrent Assets
Property, plant and equipment74831023031
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
Deferred tax assets, net  57307 
Total noncurrent assets:74831,614555163
TOTAL ASSETS:1,4511,3597,61343,2222,424
Current Liabilities
Accounts payable and accrued liabilities, including:2,099532130132703
Accounts payable    661
Accrued liabilities  1820329
Taxes payable 035248613
Interest and dividends payable45    
Other undisclosed accounts payable and accrued liabilities2,055531(240)(557) 
Debt1,99594  140
Due to related parties184911,1081,6882,396
Deferred tax liabilities7984136  
Other liabilities8601570138
Other undisclosed current liabilities2,9881,2172,80442,009200
Total current liabilities:7,4312,0174,33443,8293,577
Noncurrent Liabilities
Long-term debt and lease obligation2041,506  121
Long-term debt, excluding current maturities2041,506  121
Liabilities, other than long-term debt1,0181,400   
Due to related parties1,0181,400   
Other undisclosed noncurrent liabilities   333(121)
Total noncurrent liabilities:1,2212,907 333 
Total liabilities:8,6524,9244,33444,1623,577
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,362)(2,304)3,462(606)(1,152)
Common stock33332
Additional paid in capital8,0228,0228,1214,4022,973
Accumulated other comprehensive income (loss)(138)(64)144(44)63
Accumulated deficit(12,247)(10,264)(4,676)(5,170)(4,069)
Other undisclosed stockholders' equity attributable to parent  (131)202(121)
Stockholders' equity attributable to noncontrolling interest(2,840)(1,261)(183) 10
Other undisclosed stockholders' equity   (333)(10)
Total stockholders' equity:(7,202)(3,564)3,279(939)(1,152)
TOTAL LIABILITIES AND EQUITY:1,4511,3597,61343,2222,424

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

Revenue, net  5,0265,848
Cost of revenue(3)  (916)(5,768)
Cost of goods and services sold    (5,768)
Provision for loan, lease, and other losses(3)
Financial services costs  (916) 
Other undisclosed gross profit(294)    
Gross profit:1,606482614,11081
Operating expenses(1,539)(1,939)(890)(5,505)(1,046)
Other undisclosed operating income   916 
Operating income (loss):66(1,891)(628)(480)(965)
Nonoperating income (expense)(3,629)(1,811)2,957214278
Investment income, nonoperating(11)1,3602,949213 
Other nonoperating income (expense)(3) 80278
Interest and debt expense(3,641)(1,817)(173)(3,027) 
Other undisclosed income from continuing operations before equity method investments, income taxes3,6411,817   
Income (loss) from continuing operations before equity method investments, income taxes:(3,563)(3,701)2,156(3,293)(687)
Other undisclosed income (loss) from continuing operations before income taxes  (1,292)4,309(11)
Income (loss) from continuing operations before income taxes:(3,563)(3,701)8641,016(698)
Income tax expense  (78)(434)(2)
Income (loss) from continuing operations:(3,563)(3,701)786582(700)
Loss from discontinued operations (2,926)(2,100)  
Net income (loss):(3,563)(6,628)(1,315)582(700)
Other undisclosed net income attributable to parent 1,0401,808  
Net income (loss) attributable to parent:(3,563)(5,588)494582(700)
Other undisclosed net income (loss) available to common stockholders, basic1,580  (558) 
Net income (loss) available to common stockholders, diluted:(1,983)(5,588)49423(700)

Comprehensive Income ($ in thousands)

Net income (loss):(3,563)(6,628)(1,315)582(700)
Other comprehensive loss (246)  (10)
Other undisclosed comprehensive income (loss)74 188(191) 
Comprehensive income (loss):(3,489)(6,874)(1,126)391(710)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1,580 (168) 3
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,078335 (6)
Comprehensive income (loss), net of tax, attributable to parent:(1,909)(5,797)(959)391(713)

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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