REDtone Asia, Inc. (RTAS) financial statements (2020 and earlier)

Company profile

Business Address UNIT 15 A,E,F , SANHE PLAZA
JINGAN DISTRICT, SHANGHAI, PR, 200042
State of Incorp. NV
Fiscal Year End May 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

4/30/2016
5/31/2015
5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3455,0632,9915,479
Cash and cash equivalents3455,0632,9915,479
Receivables4,1454,4774,0065,701
Inventory, net of allowances, customer advances and progress billings 4411
Inventory 4411
Disposal group, including discontinued operation  1,713 
Deposits current assets 293119 
Other undisclosed current assets788(3,582)(119)(2,844)
Total current assets:5,2786,2548,7148,346
Noncurrent Assets
Property, plant and equipment1,0153,8031,4521,901
Long-term investments and receivables  (3,273)3,302
Due from related parties  (3,273)3,302
Intangible assets, net (including goodwill)1,6102,1542,5502,170
Goodwill 377610610
Intangible assets, net (excluding goodwill)1,6101,7771,9401,559
Other undisclosed noncurrent assets  3,273 
Total noncurrent assets:2,6245,9584,0027,373
TOTAL ASSETS:7,90212,21212,71615,719
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1281,7823,8155,004
Accounts payable7767812,7983,751
Accrued liabilities379344346534
Taxes payable972656671718
Due to related parties2,0012,034149116
Disposal group, including discontinued operation  57 
Deferred revenue and credits1,146794744 
Other undisclosed current liabilities450539236841
Total current liabilities:5,7255,1495,0015,961
Noncurrent Liabilities
Liabilities, other than long-term debt  520
Deferred tax liabilities, net  520
Total noncurrent liabilities:  520
Total liabilities:5,7255,1495,0065,981
Commitments and contingencies 2,786  
Temporary equity, carrying amount (2,786)  
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6067,4437,5469,738
Common stock2828  
Additional paid in capital7,7277,7277,7277,727
Accumulated other comprehensive income532837891888
Retained earnings (accumulated deficit)(446)2,1412,1731,095
Other undisclosed stockholders' equity attributable to parent(3,235)(3,289)(3,245)28
Stockholders' equity attributable to noncontrolling interest(2,429)(381)164 
Total stockholders' equity:2,1777,0627,7109,738
TOTAL LIABILITIES AND EQUITY:7,90212,21212,71615,719

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

4/30/2016
5/31/2015
5/31/2014
5/31/2013
Revenues5,1018,4246,1777,221
Cost of revenue
(Cost of Goods and Services Sold)
(3,997)(6,908)(2,955)(4,730)
Gross profit:1,1041,5163,2212,491
Operating expenses(4,209)(2,028)(1,085)(1,474)
Operating income (loss):(3,105)(512)2,1361,017
Income (loss) from continuing operations before equity method investments, income taxes:(3,105)(512)2,1361,017
Other undisclosed loss from continuing operations before income taxes(1,047)(710)(946)(683)
Income (loss) from continuing operations before income taxes:(4,151)(1,223)1,190334
Income tax expense (benefit)(540)(68)104(285)
Income (loss) from continuing operations:(4,691)(1,291)1,29449
Income (loss) from discontinued operations 907(244) 
Income (loss) before gain (loss) on sale of properties:(4,691)(384)1,05049
Other undisclosed net income2,10435227 
Net income (loss):(2,587)(32)1,07849
Net income attributable to noncontrolling interest 352  
Other undisclosed net loss attributable to parent(2,104)(704)  
Net income (loss) available to common stockholders, diluted:(4,691)(384)1,07849

Comprehensive Income ($ in thousands)

4/30/2016
5/31/2015
5/31/2014
5/31/2013
Net income (loss):(2,587)(32)1,07849
Other comprehensive loss(248)(50)  
Other undisclosed comprehensive loss  (1,076) 
Comprehensive income (loss):(2,835)(82)149
Comprehensive income (loss), net of tax, attributable to noncontrolling interest56356(2) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(56)(356)1,079152
Comprehensive income (loss), net of tax, attributable to parent:(2,835)(82)1,079201

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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