Kiwa Bio-tech Products Group Corp (KWBT) Financial Statements (2024 and earlier)

Company Profile

Business Address 3200 GUASTI ROAD,
ONTARIO, CA 91761
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 287 - Agricultural Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments81,08413132
Cash and cash equivalents81,08413132
Receivables6,763481,123   
Inventory, net of allowances, customer advances and progress billings1,6432,746   
Inventory1,6432,746    
Prepaid expense2,2602,47493   
Deferred costs 4,93017    
Other undisclosed current assets16,08712,7053,366471414
Total current assets:31,69019,0734,595481717
Noncurrent Assets
Operating lease, right-of-use asset
Property, plant and equipment9391603712
Long-term investments and receivables727768    
Long-term investments727768    
Intangible assets, net (including goodwill)   34  
Goodwill   34   
Deposits noncurrent assets17335   
Deferred income tax assets
Total noncurrent assets:8219311283712
TOTAL ASSETS:32,51120,0054,724512528
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,6044,9915,0053,3412,434 
Interest and dividends payable2,0211,7561,043930138 
Taxes payable2,9471,143919478441 
Employee-related liabilities1,0252911,6881,6331,538 
Accounts payable1,6111,8011,319300317 
Accrued liabilities   36   
Debt3603602,015360150150
Derivative instruments and hedges, liabilities 7248    
Deferred revenue and credits29    
Due to related parties571 1,3844,3105,215 
Contract with customer, liability6,751
Other liabilities2,9402,1091,020524525576
Other undisclosed current liabilities1,5521,1379018436367,710
Total current liabilities:19,7858,87410,3259,3788,9618,436
Noncurrent Liabilities
Long-term debt and lease obligation 460 1,7731,8711,900
Long-term debt, excluding current maturities 460 1,7731,8711,900
Operating lease, liability
Total noncurrent liabilities: 460 1,7731,8711,900
Total liabilities:19,7859,33410,32511,15110,83210,336
Equity
Equity, attributable to parent, including:12,72710,671(5,601)(11,100)(10,808)(10,308)
Preferred stock  11  
Common stock171592400400
Common stock, share subscribed but unissued, subscriptions receivable(1,023)458128   
Additional paid in capital27,04724,45513,7909,4918,0938,093
Accumulated other comprehensive income (loss)(558)324(39)(269)(693)(810)
Accumulated deficit(14,804)(14,583)(19,489)(20,325)(18,608)(17,991)
Other undisclosed equity, attributable to parent2,0471    
Total equity:12,72710,671(5,601)(11,100)(10,808)(10,308)
TOTAL LIABILITIES AND EQUITY:32,51120,0054,724512528

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues30,65017,2709,618   
Cost of revenue
(Cost of Goods and Services Sold)
(22,392)(11,846)(7,672)   
Gross profit:8,2585,4241,945   
Operating expenses(5,669)(3,628)(1,148)(493)(528)(557)
Operating income (loss):2,5891,796798(493)(528)(557)
Nonoperating income (expense)(339)121(194)185(90) 
Gain (loss), foreign currency transaction, before tax55(59)    
Other nonoperating income (expense)  (4) (90) 
Interest and debt expense(635)(524)(90)113(23)(188)
Other undisclosed income from continuing operations before equity method investments, income taxes635524    
Income (loss) from continuing operations before equity method investments, income taxes:2,2501,917513(195)(641)(745)
Other undisclosed income (loss) from continuing operations before income taxes   876(482)234,458
Income (loss) from continuing operations before income taxes:2,2501,9171,390(677)(618)3,714
Income tax expense (benefit)1,9061,103(426)   
Other undisclosed loss from continuing operations (3,812)(2,207)    
Income (loss) from continuing operations:344814963(677)(618)3,714
Income (loss) before gain (loss) on sale of properties:3445,309963(677)(618)3,714
Income from discontinued operations  4,495    
Net income (loss):3445,309963(677)(618)3,714
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:3445,309963(677)(618)3,714

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):3445,309963(677)(618)3,714
Other comprehensive income (loss)(882)378230424  
Comprehensive income (loss):(538)5,6871,193(253)(618)3,714
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    117(215)
Comprehensive income (loss), net of tax, attributable to parent:(538)5,6871,193(253)(500)3,499

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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