Nova Lifestyle, Inc (NVFY) financial statements (2021 and earlier)

Company profile

Business Address 6565 E. WASHINGTON BLVD.
COMMERCE, CA 90040
State of Incorp. NV
Fiscal Year End December 31
SIC 251 - Household Furniture (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments971631
Cash and cash equivalents971631
Receivables106754151
Inventory, net of allowances, customer advances and progress billings33306635
Inventory33306635
Prepaid expense     0
Advances on inventory purchases028119148
Disposal group, including discontinued operation 3    
Other undisclosed current assets0000500
Total current assets:436885757066
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment0000015
Intangible assets, net (including goodwill)(0)(0)4468
Goodwill000000
Intangible assets, net (excluding goodwill)(0)(0)4468
Prepaid expense     0
Deferred income tax assets0 
Deferred tax assets, net0010
Other undisclosed noncurrent assets000000
Total noncurrent assets:3355724
TOTAL ASSETS:467290807790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:001113
Accrued liabilities000000
Employee-related liabilities001100
Other undisclosed accounts payable and accrued liabilities000002
Debt  6 85
Disposal group, including discontinued operation 0    
Customer advances and deposits010
Other undisclosed current liabilities2152210
Total current liabilities:211231217
Noncurrent Liabilities
Long-term debt and lease obligation22 4 6
Long-term debt, excluding current maturities   4 6
Operating lease, liability22
Liabilities, other than long-term debt223527
Deferred revenue and credits  0
Accounts payable and accrued liabilities223527
Other undisclosed noncurrent liabilities0     
Total noncurrent liabilities:4439213
Total liabilities:6615111430
Stockholders' equity
Stockholders' equity attributable to parent, including:416675686360
Common stock000000
Treasury stock, value(1)(1)    
Additional paid in capital404040393732
Accumulated other comprehensive income1    2
Retained earnings02635302627
Other undisclosed stockholders' equity attributable to parent000000
Total stockholders' equity:416675686360
TOTAL LIABILITIES AND EQUITY:467290807790

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues11228910693109
Revenue, net10693109
Cost of revenue(31)(21)(73)(86)(79)(90)
Cost of goods and services sold(24)(4)   (1)
Gross profit:(20)116201418
Operating expenses(6)(7)(11)(14)(14)(15)
Operating income (loss):(26)(6)57(1)4
Nonoperating income (expense)(0)(0)(0)000
Foreign currency transaction gain (loss), before tax(0)0    
Other nonoperating income (expense)00(0)(0)(0)(1)
Interest and debt expense0(0)(0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)00(0)(0)(1)
Income (loss) from continuing operations before income taxes:(26)(6)57(1)3
Income tax expense (benefit) (0)1(3)1(1)
Income (loss) from continuing operations:(26)(6)54(0)2
Income (loss) from discontinued operations0(2)    
Net income (loss):(26)(9)54(0)2
Other undisclosed net loss attributable to parent(0)   (1) 
Net income (loss) available to common stockholders, diluted:(26)(9)54(1)2

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(26)(9)54(0)2
Comprehensive income (loss):(26)(9)54(0)2
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1   (1)(1)
Comprehensive income (loss), net of tax, attributable to parent:(25)(9)54(1)1

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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