Grand Perfecta, Inc. (GPIW) financial statements (2021 and earlier)

Company profile

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

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

10/31/2019
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00531038376
Cash and cash equivalents00531038376
Receivables  93,1703,1972,638
Disposal group, including discontinued operation01    
Deferred tax assets 206112303
Other undisclosed current assets   3113417
Total current assets:11613,5103,4053,434
Noncurrent Assets
Property, plant and equipment     273
Long-term investments and receivables   6056452,019
Accounts and financing receivable, after allowance for credit loss   605645547
Due from related parties     1,472
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:116111,97413,16412,702
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:49266283,4682,6651,459
Taxes payable   514310612
Other undisclosed accounts payable and accrued liabilities49266282,9542,355847
Debt   4,4283,7983,490
Due to related parties1  3,3523,056994
Disposal group, including discontinued operation118    
Deferred revenue and credits8671,4241,189
Other undisclosed current liabilities  85141,3882,232
Total current liabilities:613463612,62812,3319,364
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:613463613,36514,40910,538
Stockholders' equity
Stockholders' equity attributable to parent(60)(34)(575)(1,596)(1,465)1,945
Preferred stock   000
Common stock885323031
Additional paid in capital4,6814,6814,5945,7524,0624,121
Accumulated other comprehensive income (loss)(25)(25)(22)326298439
Accumulated deficit(4,725)(4,698)(5,152)(7,706)(5,856)(2,646)
Stockholders' equity attributable to noncontrolling interest   205220219
Total stockholders' equity:(60)(34)(575)(1,391)(1,245)2,164
TOTAL LIABILITIES AND EQUITY:116111,97413,16412,702

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

10/31/2019
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Revenues(31) 28112,99914,26717,736
Revenue, net12,99914,26717,736
Cost of revenue(58) (287)(3,598)(5,235)(4,473)
Gross profit:3 (5)9,4019,03313,263
Operating expenses(158)(191)(1,112)(14,047)(15,963)(15,762)
Other undisclosed operating income (loss)(34) 2873,5985,2354,473
Operating income (loss):(189)(191)(831)(1,048)(1,696)1,974
Nonoperating income (expense)6386382,245(899)(1,579)(553)
Investment income, nonoperating  2,245  13
Other nonoperating income (expense)713713 (899)(1,579)(606)
Interest and debt expense (75) (927)(664)(790)
Other undisclosed loss from continuing operations before equity method investments, income taxes(75)     
Income (loss) from continuing operations before equity method investments, income taxes:3753731,415(2,874)(3,939)630
Other undisclosed income from continuing operations before income taxes7575 927664738
Income (loss) from continuing operations before income taxes:4494471,415(1,946)(3,275)1,368
Income tax expense (benefit)(1)  9765(449)
Other undisclosed income from continuing operations1     
Income (loss) from continuing operations:4494471,415(1,850)(3,210)918
Income (loss) from discontinued operations(3)71,139   
Other undisclosed income before gain (loss) on sale of properties7     
Net income (loss):4544552,554(1,850)(3,210)918
Net income attributable to noncontrolling interest    00
Net income (loss) available to common stockholders, diluted:4544552,554(1,850)(3,210)919

Comprehensive Income ($ in thousands)

10/31/2019
TTM
7/31/2019
7/31/2018
7/31/2017
7/31/2016
7/31/2015
Net income (loss):4544552,554(1,850)(3,210)918
Other comprehensive income (loss)4774512,206(1,822)(3,351)621
Comprehensive income (loss):9319064,759(3,672)(6,561)1,539
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (205)(16)44(46)
Other undisclosed comprehensive income, net of tax, attributable to parent0     
Comprehensive income (loss), net of tax, attributable to parent:9319064,555(3,687)(6,517)1,493

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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