China Education Alliance Inc (CEU) financial statements (2022 and earlier)
Company profile
| Business Address |
58 HENG SHAN RD. HARBIN, 150090 |
| State of Incorp. | NC |
| Fiscal Year End | December 31 |
| SIC | 82 - Educational Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 22,696 | 56,377 | 64,173 | ||
| Cash and cash equivalents | 22,696 | 56,377 | 64,173 | ||
| Receivables | 565 | ||||
| Prepaid expense | 366 | 539 | ✕ | ||
| Deposits current assets | 387 | ||||
| Prepaid expense and other current assets | ✕ | ✕ | 660 | ||
| Other undisclosed current assets | (236) | 451 | 841 | ||
| Total current assets: | 23,778 | 57,367 | 65,674 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 6,556 | 8,252 | 11,349 | ||
| Long-term investments and receivables | 50,000 | ||||
| Accounts and financing receivable, after allowance for credit loss | 50,000 | ||||
| Intangible assets, net (including goodwill), including: | 962 | 5,100 | 9,214 | ||
| Intangible assets, net (excluding goodwill) | 827 | 3,677 | 5,014 | ||
| Other undisclosed intangible assets, net (including goodwill) | 135 | 1,423 | 4,199 | ||
| Other undisclosed noncurrent assets | (42,065) | ||||
| Total noncurrent assets: | 7,517 | 13,352 | 28,498 | ||
| TOTAL ASSETS: | 31,295 | 70,719 | 94,172 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 468 | 1,077 | 420 | ||
| Accounts payable | 339 | 4 | |||
| Accrued liabilities | 14 | 153 | |||
| Employee-related liabilities | 116 | ||||
| Taxes payable | 211 | 112 | 180 | ||
| Other undisclosed accounts payable and accrued liabilities | (211) | 812 | 237 | ||
| Deferred revenue and credits | 1,320 | 854 | 1,333 | ||
| Other liabilities | 72 | ||||
| Other undisclosed current liabilities | 211 | 112 | 108 | ||
| Total current liabilities: | 1,999 | 2,042 | 1,933 | ||
| Noncurrent Liabilities | |||||
| Total liabilities: | 1,999 | 2,042 | 1,933 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent | 30,247 | 67,990 | 90,276 | ||
| Common stock | 11 | 11 | 11 | ||
| Treasury stock, value | (977) | (977) | (977) | ||
| Additional paid in capital | 40,942 | 40,942 | 40,941 | ||
| Accumulated other comprehensive income | 12,338 | 12,705 | 10,322 | ||
| Retained earnings (accumulated deficit) | (22,067) | 15,309 | 39,979 | ||
| Stockholders' equity attributable to noncontrolling interest | (950) | 687 | 1,963 | ||
| Total stockholders' equity: | 29,297 | 68,677 | 92,239 | ||
| TOTAL LIABILITIES AND EQUITY: | 31,295 | 70,719 | 94,172 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 2,728 | 6,710 | 11,725 | |
| Cost of revenue (Cost of Goods and Services Sold) | (7,460) | (10,269) | (12,940) | |
| Other undisclosed gross profit | 1,730 | 2,710 | 2,845 | |
| Gross profit: | (3,002) | (849) | 1,630 | |
| Operating expenses | (32,892) | (22,206) | (16,055) | |
| Operating loss: | (35,894) | (23,056) | (14,424) | |
| Nonoperating income (expense) | (3,115) | (2,578) | 297 | |
| Investment income, nonoperating | 147 | 216 | 1,867 | |
| Loss from continuing operations before income taxes: | (39,010) | (25,634) | (14,128) | |
| Income tax expense | (319) | |||
| Net loss: | (39,010) | (25,634) | (14,447) | |
| Other undisclosed net income attributable to parent | 1,634 | 964 | 384 | |
| Net loss available to common stockholders, diluted: | (37,376) | (24,670) | (14,063) | |
Comprehensive Income ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (39,010) | (25,634) | (14,447) | |
| Comprehensive loss: | (39,010) | (25,634) | (14,447) | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 1,267 | 3,347 | 1,439 | |
| Comprehensive loss, net of tax, attributable to parent: | (37,743) | (22,287) | (13,008) | |
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.