Organic Agricultural Co Ltd (OGAA) financial statements (2022 and earlier)

Company profile

Business Address 6TH FLOOR A, CHUANGXIN YILU, NO. 2305
HARBIN, HEILONGJIANG PROVINCE, 150090
State of Incorp. NV
Fiscal Year End March 31
SIC 01 - Agricultural Production Crops (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5677124213
Cash and cash equivalents5677124213
Receivables435 
Inventory, net of allowances, customer advances and progress billings196122614516
Inventory196122614516
Prepaid expense891249 
Other undisclosed current assets48813140
Total current assets:904215923670
Noncurrent Assets
Operating lease, right-of-use asset 182,007
Property, plant and equipment  48
Other undisclosed noncurrent assets   273
Total noncurrent assets: 182,012281
TOTAL ASSETS:9042342,935951
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:57666957
Other undisclosed accounts payable and accrued liabilities57666957
Debt24032568
Due to related parties209012192
Other undisclosed current liabilities33416488164
Total current liabilities:413360604382
Noncurrent Liabilities
Long-term debt and lease obligation  1,425 
Operating lease, liability  1,425
Other undisclosed noncurrent liabilities  (1,425) 
Total noncurrent liabilities:  1,425 
Total liabilities:4133602,029382
Stockholders' equity
Stockholders' equity attributable to parent539(127)882565
Common stock84121211
Additional paid in capital4,2672,6592,6131,834
Accumulated other comprehensive income (loss)(166)(114)10(1)
Accumulated deficit(3,645)(2,684)(1,753)(1,278)
Stockholders' equity attributable to noncontrolling interest(48) 244
Total stockholders' equity:491(127)906569
TOTAL LIABILITIES AND EQUITY:9042342,935951

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
Revenues2501271,0121,123
Cost of revenue(177)(88)(902)(911)
Gross profit:7339109212
Operating expenses  (558)(1,074)
Other undisclosed operating income (loss)(1,198)(255) 33
Operating loss:(1,125)(216)(449)(828)
Nonoperating income (expense)0(2)23
Investment income, nonoperating228(714)  
Loss from continuing operations:(1,125)(218)(447)(825)
Income from discontinued operations 1  
Loss before gain (loss) on sale of properties:(1,125)(217)(447)(825)
Other undisclosed net income (loss)228(714)  
Net loss:(897)(931)(447)(825)
Net loss attributable to noncontrolling interest (0)(28)(79)
Other undisclosed net income attributable to parent  2879
Net loss attributable to parent:(897)(932)(447)(825)
Other undisclosed net income (loss) available to common stockholders, basic47 (28)(79)
Net loss available to common stockholders, diluted:(849)(932)(475)(904)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
Net loss:(897)(931)(447)(825)
Other undisclosed comprehensive loss(48)(123)(17)(118)
Comprehensive loss:(945)(1,054)(463)(942)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest47(1)(20)(39)
Other undisclosed comprehensive income, net of tax, attributable to parent  4079
Comprehensive loss, net of tax, attributable to parent:(897)(1,055)(443)(903)

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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