LUBOA GROUP, INC. (LBAO) financial statements (2022 and earlier)

Company profile

Business Address 2360 CORPORATE CIRCLE STE 400
HENDERSON, NV 89074-7722
State of Incorp. NV
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)

12/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments172  25017
Cash and cash equivalents172  25017
Receivables64    
Inventory, net of allowances, customer advances and progress billings5    
Inventory5    
Prepaid expense 1110
Other undisclosed current assets163  (250) 
Total current assets:40311118
Noncurrent Assets
Operating lease, right-of-use asset72
Property, plant and equipment142   1
Total noncurrent assets:214   1
TOTAL ASSETS:61811119
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 750 
Accrued liabilities  50 
Other undisclosed accounts payable and accrued liabilities 7   
Debt38    
Due to related parties1,0891408128 
Other undisclosed current liabilities228    
Total current liabilities:1,3551478728 
Noncurrent Liabilities
Long-term debt and lease obligation34    
Operating lease, liability34
Liabilities, other than long-term debt    15
Due to related parties    15
Total noncurrent liabilities:34   15
Total liabilities:1,389147872815
Stockholders' equity
Stockholders' equity attributable to parent, including:(771)(146)(86)(27)4
Common stock11212121212
Additional paid in capital1,67338381423
Accumulated other comprehensive income40    
Accumulated deficit(2,596)(195)(135)(77)(31)
Other undisclosed stockholders' equity attributable to parent   23 
Total stockholders' equity:(771)(146)(86)(27)4
TOTAL LIABILITIES AND EQUITY:61811119

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

12/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Revenues12   3
Revenue, net  3
Cost of revenue(2)    
Gross profit:9   3
Operating expenses(1,619)(60)(58)(46)(33)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
    (33)
Other undisclosed operating income    33
Operating loss:(1,610)(60)(58)(46)(30)
Loss from continuing operations before equity method investments, income taxes:(1,610)(60)(58)(46)(30)
Other undisclosed income from continuing operations before income taxes2    
Net loss available to common stockholders, diluted:(1,608)(60)(58)(46)(30)

Comprehensive Income ($ in thousands)

12/31/2019
8/31/2018
8/31/2017
8/31/2016
8/31/2015
Net loss:(1,608)(60)(58)(46)(30)
Comprehensive loss:(1,608)(60)(58)(46)(30)
Other undisclosed comprehensive income, net of tax, attributable to parent1    
Comprehensive loss, net of tax, attributable to parent:(1,607)(60)(58)(46)(30)

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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