HQDA Elderly Life Network Corp. (HQDA) Financial Statements (2023 and Earlier)

Company Profile

Business Address 8780 VALLEY BLVD.,
ROSEMEAD, CA 91770
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 83 - Social Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19281203519,701 3
Cash and cash equivalents19281203519,701 3
Receivables6044195575   
Prepaid expense    70 
Other undisclosed current assets233453 5350 
Total current assets:1011063679269,761503
Noncurrent Assets
Operating lease, right-of-use asset 73 
Property, plant and equipment5,6905,7145,3245,5922  
Deposits noncurrent assets20,73220,59819,66321,04218,233  
Other undisclosed noncurrent assets   147   
Total noncurrent assets:26,42226,38524,98726,78118,235  
TOTAL ASSETS:26,52326,49125,35427,70727,996503
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:141959211381616
Taxes payable      50
Settlement liabilities1340     
Other undisclosed accounts payable and accrued liabilities1285592113816(34)
Deferred revenue53108 19
Estimated litigation liability2,7372,3151,210    
Due to related parties3,8143,8693,5372,208   
Other undisclosed current liabilities 64  1,983 50
Total current liabilities:6,7456,4524,8392,3391,9911666
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 123     
Total noncurrent liabilities: 123     
Other undisclosed liabilities224      
Total liabilities:6,9686,5744,8392,3391,9911666
Stockholders' equity
Stockholders' equity attributable to parent, including:19,55519,91720,51525,36826,00434(63)
Common stock139139139139801010
Additional paid in capital29,72029,72029,72029,7209,2641,0861,019
Accumulated other comprehensive loss(506)(590)(1,235)(1,138)   
Accumulated deficit(9,798)(9,352)(8,110)(3,353)(1,529)(1,062)(1,091)
Stockholders' equity note, subscriptions receivable    (18,190) 
Other undisclosed stockholders' equity attributable to parent    36,379  
Total stockholders' equity:19,55519,91720,51525,36826,00434(63)
TOTAL LIABILITIES AND EQUITY:26,52326,49125,35427,70727,996503

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues756839490478 50 
Cost of revenue(42)    (12)(10)
Cost of goods and services sold(42)      
Financial services costs (12)(10)
Gross profit:714839490478 38(10)
Operating expenses(943)(1,061)(5,289)(1,837)(470)92(15)
Other undisclosed operating income42      
Operating income (loss):(187)(222)(4,800)(1,359)(470)130(25)
Nonoperating income (expense)(1,420)(1,019)43(464)  (0)
Foreign currency transaction loss, before tax   (460)  (0)
Other nonoperating income (expense)(52)(67)43(4)   
Other undisclosed loss from continuing operations before equity method investments, income taxes(2)(2)     
Income (loss) from continuing operations before income taxes:(1,609)(1,243)(4,757)(1,823)(470)130(25)
Income tax benefit 1   10 
Other undisclosed income from continuing operations1      
Net income (loss):(1,608)(1,242)(4,757)(1,823)(470)140(25)
Other undisclosed net income (loss) attributable to parent475   3(110)(123)
Net income (loss) available to common stockholders, diluted:(1,133)(1,242)(4,757)(1,823)(467)29(148)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(1,608)(1,242)(4,757)(1,823)(470)140(25)
Other comprehensive income   2,962   
Comprehensive income (loss):(1,608)(1,242)(4,757)1,138(470)140(25)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent666644(96)    
Comprehensive income (loss), net of tax, attributable to parent:(942)(598)(4,853)1,138(470)140(25)

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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