Huale Acoustics Corp (HYAS) financial statements (2021 and earlier)

Company profile

Business Address EAST ROOM 902, BUILDING 3 EAST
SHENZHEN, GUANGDONG PROVINCE, 518000
State of Incorp.
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  30
Cash and cash equivalents  30
Inventory, net of allowances, customer advances and progress billings  31
Inventory  31
Prepaid expense12110 
Total current assets:121171
Noncurrent Assets
Property, plant and equipment  34
Total noncurrent assets:  34
TOTAL ASSETS:1211105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20   
Accounts payable20   
Debt  2411
Due to related parties5121  
Total current liabilities:71212411
Noncurrent Liabilities
Total liabilities:71212411
Stockholders' equity
Stockholders' equity attributable to parent(59)(10)(14)(5)
Common stock4443
Additional paid in capital100100120
Accumulated deficit(163)(114)(29)(9)
Total stockholders' equity:(59)(10)(14)(5)
TOTAL LIABILITIES AND EQUITY:1211105

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues  1310
Cost of revenue
(Cost of Goods and Services Sold)
  (2)(1)
Gross profit:  119
Operating expenses49(7)(32)(18)
Other undisclosed operating loss(99)   
Operating loss:(49)(7)(20)(9)
Loss from continuing operations before income taxes:(49)(7)(20)(9)
Income tax expense   (3)
Loss from continuing operations:(49)(7)(20)(12)
Loss from discontinued operations (78)  
Loss before gain (loss) on sale of properties:(49)(85)(20)(12)
Other undisclosed net income   3
Net loss available to common stockholders, diluted:(49)(85)(20)(9)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(49)(85)(20)(9)
Comprehensive loss, net of tax, attributable to parent:(49)(85)(20)(9)

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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