Rito Group Corp. (RTTO) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
G/F 12 KAM CHUI ROAD NEW TERRITORIES, 00000 |
| State of Incorp. | NV |
| Fiscal Year End | June 30 |
| Industry (SIC) | 596 - Nonstore Retailers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 65 | 349 | 1,067 | 80 | 449 | ||
| Cash and cash equivalents | 65 | 349 | 1,067 | 80 | 449 | ||
| Receivables | 213 | 123 | 24 | ||||
| Inventory, net of allowances, customer advances and progress billings | 19 | ||||||
| Inventory | 19 | ||||||
| Prepaid expense | 23 | 31 | 17 | 1 | 14 | ||
| Other undisclosed current assets | 10 | 30 | |||||
| Total current assets: | 301 | 504 | 1,127 | 92 | 493 | ||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 257 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 140 | 190 | 222 | ||||
| Total noncurrent assets: | 396 | 190 | 222 | ||||
| TOTAL ASSETS: | 697 | 693 | 1,349 | 92 | 493 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 90 | 288 | 69 | 49 | |||
| Accounts payable | 9 | 5 | |||||
| Accrued liabilities | 90 | 288 | 60 | 44 | |||
| Debt | 10 | 9 | 7 | 27 | |||
| Due to related parties | 13 | 10 | 151 | ||||
| Other undisclosed current liabilities | 366 | 22 | |||||
| Total current liabilities: | 389 | 131 | 447 | 96 | 49 | ||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 215 | 23 | 32 | 937 | |||
| Long-term debt, excluding current maturities | 13 | 23 | 32 | 937 | |||
| Operating lease, liability | 202 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | (202) | ||||||
| Total noncurrent liabilities: | 215 | 23 | 32 | 937 | |||
| Total liabilities: | 604 | 154 | 479 | 96 | 986 | ||
| Equity | |||||||
| Equity, attributable to parent, including: | 93 | 539 | (870) | (4) | (493) | ||
| Common stock | 6 | 6 | 6 | 5 | 5 | ||
| Common stock, share subscribed but unissued, subscriptions receivable | (30) | ||||||
| Additional paid in capital | 4,809 | 4,509 | 3,327 | 1,629 | 437 | ||
| Accumulated other comprehensive income (loss) | 0 | (1) | (1) | 0 | 0 | ||
| Accumulated deficit | (4,721) | (3,974) | (2,461) | (1,639) | (935) | ||
| Other undisclosed equity, attributable to parent | (1,741) | 30 | |||||
| Other undisclosed equity | 1,741 | ||||||
| Total equity: | 93 | 539 | 870 | (4) | (493) | ||
| TOTAL LIABILITIES AND EQUITY: | 697 | 693 | 1,349 | 92 | 493 | ||
Income Statement (P&L) ($ in thousands)
| 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|
| Revenues | 439 | 425 | 233 | 119 | 6 | |
| Cost of revenue | (241) | (304) | (153) | (72) | (3) | |
| Gross profit: | 198 | 122 | 79 | 47 | 3 | |
| Operating expenses | (945) | (1,640) | (903) | (719) | (787) | |
| Other operating income, net | 6 | |||||
| Other undisclosed operating income | 11 | 8 | 0 | |||
| Operating loss: | (742) | (1,507) | (815) | (672) | (784) | |
| Interest and debt expense | (6) | (5) | (7) | (33) | 50 | |
| Loss from continuing operations before equity method investments, income taxes: | (748) | (1,512) | (822) | (704) | (735) | |
| Other undisclosed loss from continuing operations before income taxes | (99) | |||||
| Loss from continuing operations: | (748) | (1,512) | (822) | (704) | (834) | |
| Loss before gain (loss) on sale of properties: | (748) | (1,512) | (822) | (704) | (834) | |
| Net loss available to common stockholders, diluted: | (748) | (1,512) | (822) | (704) | (834) | |
Comprehensive Income ($ in thousands)
| 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|
| Net loss: | (748) | (1,512) | (822) | (704) | (834) | |
| Comprehensive loss: | (748) | (1,512) | (822) | (704) | (834) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1 | 0 | (1) | 0 | ||
| Comprehensive loss, net of tax, attributable to parent: | (746) | (1,512) | (823) | (704) | (834) | |
Statements Sources
The financial statements are based on the Company's filings with 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.