China Grand Resorts Inc (JKSM) financial statements (2021 and earlier)

Company profile

Business Address 30191 AVENIDA DE LAS BANDERAS STE B
RANCHO SANTA MARGARITA, CA 92688
State of Incorp. NV
Fiscal Year End December 31
SIC 4833 - Television Broadcasting Stations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4904541,074    
Cash and cash equivalents4904541,074    
Receivables293 25    
Inventory, net of allowances, customer advances and progress billings189190764    
Inventory189190764    
Prepaid expense148252385   
Other undisclosed current assets 106     
Total current assets:1,1201,0011,9015   
Noncurrent Assets
Operating lease, right-of-use asset 9
Property, plant and equipment3 14    
Other undisclosed noncurrent assets 13     
Total noncurrent assets:32314    
TOTAL ASSETS:1,1241,0231,9165   
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:681697538375326279221
Accounts payable179  21212222
Accrued liabilities1,6961,6421,642    
Interest and dividends payable   354305257198
Other undisclosed accounts payable and accrued liabilities(1,194)(945)(1,105)    
Deferred revenue1,024 
Debt10914571    
Deferred compensation liability  907    
Derivative instruments and hedges, liabilities1,305      
Due to related parties   1,2201,2201,2201,220
Other undisclosed current liabilities3,5614,5694,861    
Total current liabilities:6,6815,4116,3761,5951,5461,4991,440
Noncurrent Liabilities
Long-term debt and lease obligation148      
Long-term debt, excluding current maturities148      
Liabilities, other than long-term debt 220     
Other liabilities 220     
Total noncurrent liabilities:148220     
Total liabilities:6,8295,6316,3761,5951,5461,4991,440
Stockholders' equity
Stockholders' equity attributable to parent, including:(5,705)(4,608)(4,461)(1,590)(1,546)(1,499)(1,440)
Common stock666348333333
Additional paid in capital4,7083,3961110,11510,10610,09910,099
Accumulated deficit(11,125)(8,067)(4,519)(11,738)(11,685)(11,601)(11,543)
Other undisclosed stockholders' equity attributable to parent645      
Total stockholders' equity:(5,705)(4,608)(4,461)(1,590)(1,546)(1,499)(1,440)
TOTAL LIABILITIES AND EQUITY:1,1241,0231,9165   

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

12/31/2020
12/31/2019
12/31/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Revenues3,2824,5916,629    
Gain on disposition of assets for financial service operations1,2051,303 
Cost of revenue(1,789)(3,585)(4,859)    
Cost of goods and services sold(1,789)(3,585)(129)    
Gross profit:1,4931,0061,770    
Operating expenses(1,882)(4,524)(3,567)(4)(36) (76)
Operating loss:(389)(3,518)(1,797)(4)(36) (76)
Nonoperating expense(2,670)(27)(142)(49)(49)(58)(61)
Other nonoperating expense (14)(142)    
Interest and debt expense(399)(89)(136)(49)(49)(58)(61)
Other undisclosed income from continuing operations before equity method investments, income taxes4,9943,7762,749    
Income (loss) from continuing operations before income taxes:1,536142673(101)(133)(116)(198)
Income tax expense (1)(1)    
Other undisclosed income from continuing operations   49495860
Income (loss) from continuing operations:1,536141672(53)(85)(58)(139)
Loss from discontinued operations      (16)
Net income (loss):1,536141672(53)(85)(58)(155)
Net income attributable to noncontrolling interest     58155
Other undisclosed net loss attributable to parent(4,595)(3,686)(2,612)(0)(0)(58)(137)
Net loss available to common stockholders, basic:(3,059)(3,545)(1,940)(53)(85)(58)(137)
Interest on convertible debt  116    
Net loss available to common stockholders, diluted:(3,059)(3,545)(1,824)(53)(85)(58)(137)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
9/30/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss):1,536141672(53)(85)(58)(155)
Other comprehensive loss   (53)(85)(58)(137)
Comprehensive income (loss):1,536141672(105)(169)(116)(292)
Comprehensive income, net of tax, attributable to noncontrolling interest     58155
Comprehensive income (loss), net of tax, attributable to parent:1,536141672(105)(169)(58)(137)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: