China Longyi Group International Holdings LTD (MGHA) financial statements (2021 and earlier)

Company profile

Business Address 54 PINE STREET
NEW YORK, NY 10005
State of Incorp. NY
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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3429462112
Cash and cash equivalents3429462112
Receivables5362821224
Inventory, net of allowances, customer advances and progress billings441359389401428
Inventory441359389401428
Deposits current assets4314151615
Other undisclosed current assets562761012
Total current assets:627435485469692
Noncurrent Assets
Property, plant and equipment285320359377451
Long-term investments and receivables8288111111
Long-term investments8288111111
Total noncurrent assets:367408370389462
TOTAL ASSETS:9948438558571,154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities317197187173171
Accounts payable15665
Accrued liabilities315192182168166
Debt 59   
Due to related parties814418390345247
Other undisclosed current liabilities7531,2891,075745655
Total current liabilities:1,8831,9621,6521,2631,072
Noncurrent Liabilities
Total liabilities:1,8831,9621,6521,2631,072
Stockholders' equity
Stockholders' equity attributable to parent, including:(936)(1,139)(838)(475)(37)
Common stock777777777777777
Additional paid in capital28,87828,87828,87828,87828,878
Accumulated other comprehensive income249204162158167
Accumulated deficit(30,839)(30,997)   
Other undisclosed stockholders' equity attributable to parent  (30,654)(30,287)(29,859)
Stockholders' equity attributable to noncontrolling interest47204069119
Total stockholders' equity:(889)(1,119)(798)(406)82
TOTAL LIABILITIES AND EQUITY:9948438558571,154

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues1,74516010858256
Cost of revenue(739)(237)(192)(48)(123)
Gross profit:1,006(76)(84)10133
Operating expenses(769)(517)(487)(583)(681)
Operating income (loss):238(593)(571)(573)(548)
Nonoperating income (expense)(60)22317597127
Foreign currency transaction gain (loss), before tax(26)(14)(5)1331
Other nonoperating income (expense)(26)2371808495
Interest and debt expense(9)    
Other undisclosed income from continuing operations before equity method investments, income taxes9    
Net income (loss):177(371)(396)(476)(422)
Net income (loss) attributable to noncontrolling interest(20)28294850
Net income (loss) available to common stockholders, diluted:157(343)(367)(428)(372)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):177(371)(396)(476)(422)
Other undisclosed comprehensive income (loss)5249  (27)
Comprehensive income (loss):230(321)(396)(476)(448)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(27)2029(50)(50)
Other undisclosed comprehensive income, net of tax, attributable to parent  489100
Comprehensive income (loss), net of tax, attributable to parent:202(301)(363)(437)(399)

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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