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)

9/30/2019
TTM
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 investments 163112
Cash and cash equivalents 163112
Receivables 67541514328
Inventory, net of allowances, customer advances and progress billings 663543
Inventory 663543
Prepaid expense    010
Advances on inventory purchases 11914884
Income taxes receivable0
Deferred tax assets     0
Other undisclosed current assets 00500(0)1
Total current assets: 857570665738
Noncurrent Assets
Property, plant and equipment 000151413
Intangible assets, net (including goodwill) 446878
Goodwill 000001
Intangible assets, net (excluding goodwill) 446867
Prepaid expense    01 
Deferred tax assets, net0010(0)0
Other undisclosed noncurrent assets 000021
Total noncurrent assets: 557242422
TOTAL ASSETS: 908077908161
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 111321
Accounts payable     107
Accrued liabilities 00000 
Employee-related liabilities 11000 
Taxes payable     0(0)
Other undisclosed accounts payable and accrued liabilities 0002(9)(5)
Debt 6 8581
Derivative instruments and hedges, liabilities     1 
Customer advances and deposits0100
Other undisclosed current liabilities 52210117
Total current liabilities: 1231217229
Noncurrent Liabilities
Long-term debt and lease obligation  4 6 7
Long-term debt, excluding current maturities  4 6 7
Liabilities, other than long-term debt 352770
Deferred revenue and credits  000
Accounts payable and accrued liabilities 35277 
Deferred tax liabilities, net    0 
Other undisclosed noncurrent liabilities      6
Total noncurrent liabilities: 39213713
Total liabilities: 151114302922
Stockholders' equity
Stockholders' equity attributable to parent, including: 756863605239
Common stock 000000
Common stock, share subscribed but unissued, subscriptions receivable      (1)
Additional paid in capital 403937322521
Accumulated other comprehensive income    233
Retained earnings 353026272416
Other undisclosed stockholders' equity attributable to parent 000000
Total stockholders' equity: 756863605239
TOTAL LIABILITIES AND EQUITY: 908077908161

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 89106931099978
Revenue, net106931099978
Cost of revenue (73)(86)(79)(90)(79)(63)
Gross profit: 162014181915
Operating expenses (11)(14)(14)(15)(14)(9)
Operating income (loss): 57(1)456
Nonoperating income (expense) (0)0004(1)
Other nonoperating income (expense) (0)(0)(0)(1)0(0)
Interest and debt expense (0)(0)(0)(0)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 0(0)(0)(1)  
Income (loss) from continuing operations before income taxes: 57(1)3105
Income tax expense (benefit) 1(3)1(1)(1)(1)
Net income (loss): 54(0)295
Other undisclosed net loss attributable to parent   (1)   
Net income (loss) available to common stockholders, diluted: 54(1)295

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 54(0)295
Comprehensive income (loss): 54(0)295
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (1)(1)(0)0
Comprehensive income (loss), net of tax, attributable to parent: 54(1)195

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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