Grand Perfecta, Inc. (GPIW) Financial Statements (2024 and earlier)

Company Profile

Business Address 123 WEST NYE LANE
CARSON CITY, NV 89706
State of Incorp. NV
Fiscal Year End July 31
Industry (SIC) 7948 - Racing, Including Track Operation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments531038376
Cash and cash equivalents531038376
Receivables 93,1703,1972,638
Disposal group, including discontinued operation    
Deferred tax assets 206112303
Other undisclosed current assets  3113417
Total current assets:613,5103,4053,434
Noncurrent Assets
Property, plant and equipment    273
Long-term investments and receivables  6056452,019
Due from related parties    1,472
Accounts and financing receivable, after allowance for credit loss  605645547
Intangible assets, net (including goodwill)  6,9187,5766,257
Goodwill  6,9187,4506,257
Intangible assets, net (excluding goodwill)   126 
Other noncurrent assets  184675496
Deferred tax assets, net 583620222
Other undisclosed noncurrent assets    (273)
Total noncurrent assets:  8,2909,5178,995
Other undisclosed assets  174243273
TOTAL ASSETS:6111,97413,16412,702
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6283,4682,6651,459
Taxes payable  514310612
Other undisclosed accounts payable and accrued liabilities6282,9542,355847
Debt  4,4283,7983,490
Disposal group, including discontinued operation    
Deferred revenue and credits8671,4241,189
Due to related parties  3,3523,056994
Other undisclosed current liabilities 85141,3882,232
Total current liabilities:63612,62812,3319,364
Noncurrent Liabilities
Long-term debt and lease obligation  7372,0781,175
Long-term debt, excluding current maturities  7372,0781,175
Total noncurrent liabilities:  7372,0781,175
Total liabilities:63613,36514,40910,538
Equity
Equity, attributable to parent(575)(1,596)(1,465)1,945
Preferred stock  000
Common stock5323031
Additional paid in capital4,5945,7524,0624,121
Accumulated other comprehensive income (loss)(22)326298439
Accumulated deficit(5,152)(7,706)(5,856)(2,646)
Equity, attributable to noncontrolling interest  205220219
Total equity:(575)(1,391)(1,245)2,164
TOTAL LIABILITIES AND EQUITY:6111,97413,16412,702

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

7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues 28112,99914,26717,736
Revenue, net12,99914,26717,736
Cost of revenue (287)(3,598)(5,235)(4,473)
Gross profit: (5)9,4019,03313,263
Operating expenses(1,112)(14,047)(15,963)(15,762)
Other undisclosed operating income 2873,5985,2354,473
Operating income (loss):(831)(1,048)(1,696)1,974
Nonoperating income (expense)2,245(899)(1,579)(553)
Investment income, nonoperating 2,245  13
Other nonoperating income (expense) (899)(1,579)(606)
Interest and debt expense (927)(664)(790)
Income (loss) from continuing operations before equity method investments, income taxes:1,415(2,874)(3,939)630
Other undisclosed income from continuing operations before income taxes 927664738
Income (loss) from continuing operations before income taxes:1,415(1,946)(3,275)1,368
Income tax expense (benefit)  9765(449)
Income (loss) from continuing operations:1,415(1,850)(3,210)918
Income (loss) before gain (loss) on sale of properties:2,554(1,850)(3,210)918
Income from discontinued operations1,139   
Net income (loss):2,554(1,850)(3,210)918
Net income attributable to noncontrolling interest   00
Net income (loss) available to common stockholders, diluted:2,554(1,850)(3,210)919

Comprehensive Income ($ in thousands)

7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net income (loss):2,554(1,850)(3,210)918
Other comprehensive income (loss)2,206(1,822)(3,351)621
Comprehensive income (loss):4,759(3,672)(6,561)1,539
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (205)(16)44(46)
Comprehensive income (loss), net of tax, attributable to parent:4,555(3,687)(6,517)1,493

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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