SHARING ECONOMY INTERNATIONAL INC. (SEII) financial statements (2022 and earlier)

Company profile

Business Address CORNWALL CENTRE, NO.85 CASTLE PEAK ROAD
NEW TERRITORIES, 00000
State of Incorp.
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments661,805848591,0191,48118,790
Cash and cash equivalents661,805848591,0191,48118,790
Restricted cash and investments   77273551647
Receivables1413904,4789,55414,05615,956
Inventory, net of allowances, customer advances and progress billings  (4,520)6,4144,5542,3941,827
Inventory  (4,520)6,4144,5542,3941,827
Prepaid expense   5652,0241,1171,039
Deferred costs   1,2312,0241,1171,039
Disposal group, including discontinued operation   2104081,759 
Other undisclosed current assets3,9322,12210,0727,3823,0714,117174
Total current assets:4,1393,9675,63621,21722,92626,59239,473
Noncurrent Assets
Property, plant and equipment39648762021,56333,18129,87951,754
Long-term investments and receivables    9,0548,611 
Long-term investments    9,0548,611 
Intangible assets, net (including goodwill)32157   5,284 
Intangible assets, net (excluding goodwill)32157   5,284 
Other undisclosed noncurrent assets  1,1083,5635,394 3,382
Total noncurrent assets:4276441,72825,12647,62943,77355,136
TOTAL ASSETS:4,5674,6117,36546,34370,55670,36594,609
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7852,1978035,0953,0281,28110,120
Accounts payable7851,2655164,2552,7998653,490
Accrued liabilities 9322807801663686,361
Taxes payable  7606347269
Deferred revenue 0 
Debt7,8317,042 (220)3,1672,7073,728
Due to related parties3,6492,4682,3661,258348  
Disposal group, including discontinued operation   269390559 
Customer advances and deposits2,454427433
Other undisclosed current liabilities  5,5154,260 79260
Total current liabilities:12,26511,7078,68310,6619,3875,05314,542
Noncurrent Liabilities
Long-term debt and lease obligation4,8224,9404,981245   
Long-term debt, excluding current maturities4,8224,9404,981245   
Total noncurrent liabilities:4,8224,9404,981245   
Total liabilities:17,08816,64813,66510,9069,3875,05314,542
Stockholders' equity
Stockholders' equity attributable to parent, including:(11,634)(11,159)(5,340)35,97761,14565,31280,067
Preferred stock31     
Common stock2391731997314
Additional paid in capital65,04861,70153,70058,45240,24135,55033,803
Accumulated other comprehensive income (loss)(16)(13)432,6584,9248775,697
Retained earnings (accumulated deficit)(76,908)(73,020)(66,301)(27,493)13,62526,53137,008
Other undisclosed stockholders' equity attributable to parent  7,0192,3532,3532,3533,555
Stockholders' equity attributable to noncontrolling interest(887)(878)(960)(540)24  
Total stockholders' equity:(12,521)(12,037)(6,300)35,43761,16965,31280,067
TOTAL LIABILITIES AND EQUITY:4,5674,6117,36546,34370,55670,36594,609

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues23852309,50813,52217,36449,566
Cost of revenue(54)(1)(25)(13,924)(13,678)(14,818)(42,216)
Gross profit:184515(4,416)(156)2,5467,350
Operating expenses(4,259)(3,227)(7,045)(28,382)(12,076)(3,859)(18,595)
Operating loss:(4,075)(3,176)(7,040)(32,798)(12,232)(1,312)(11,246)
Nonoperating income (expense)178(3,613)4,483(9,304)(188)(81)(180)
Investment income, nonoperating549(68)4,73216132440
Other nonoperating income (expense)710275(42)702016
Interest and debt expense(378)292(322)(374)(138)(125)(235)
Loss from continuing operations before equity method investments, income taxes:(4,275)(6,497)(2,879)(42,477)(12,558)(1,518)(11,661)
Other undisclosed income (loss) from continuing operations before income taxes378(292)322374138125235
Loss from continuing operations before income taxes:(3,898)(6,789)(2,557)(42,102)(12,420)(1,393)(11,426)
Income tax expense    (408) (1,345)
Loss from continuing operations:(3,898)(6,789)(2,557)(42,102)(12,828)(1,393)(12,770)
Income (loss) from discontinued operations  (24,951)16(98)(10,286) 
Net loss:(3,898)(6,789)(27,508)(42,086)(12,926)(11,679)(12,770)
Net income attributable to noncontrolling interest106942196920  
Net loss available to common stockholders, diluted:(3,888)(6,719)(27,087)(41,117)(12,907)(11,679)(12,770)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(3,898)(6,789)(27,508)(42,086)(12,926)(11,679)(12,770)
Other comprehensive income (loss)(0)  (3)(2)0(0)
Other undisclosed comprehensive income (loss)   (2,263)4,049(4,820)(4,769)
Comprehensive loss:(3,898)(6,789)(27,508)(44,352)(8,880)(16,499)(17,539)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)6942196920  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent17(57)22  4,8204,769
Comprehensive loss, net of tax, attributable to parent:(3,891)(6,777)(27,065)(43,384)(8,860)(11,679)(12,770)

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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