Singularity Future Technology Ltd. (SGLY) financial statements (2022 and earlier)

Company profile

Business Address 98 CUTTER MILL ROAD
GREAT NECK, NY 11021
State of Incorp. VA
Fiscal Year End June 30
SIC 4731 - Arrangement of Transportation of Freight and Cargo (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51,40144,8371313,1437,0988,7341,386
Cash and cash equivalents51,40144,8371313,1437,0988,7341,386
Receivables4,7635471,6438,33610,5864,3224,246
Prepaid expense 34290105233 827
Advances on inventory purchases450880494,3612,145552,193
Other undisclosed current assets929261  3,7703,644 
Total current assets:57,54346,8671,91315,94523,83216,7558,652
Noncurrent Assets
Operating lease, right-of-use asset1,546418300
Property, plant and equipment1,061757523990956187176
Long-term investments and receivables210      
Long-term investments210      
Intangible assets, net (including goodwill) (190)2690153  
Intangible assets, net (excluding goodwill) (190)2690153  
Prepaid expense   5204387 
Deposits noncurrent assets1433,293     
Other noncurrent assets1341162,9753,05514311747
Other undisclosed noncurrent assets4,6191,542  635749179
Total noncurrent assets:7,7135,9363,8254,6542,3251,061402
TOTAL ASSETS:65,25652,8035,73820,59926,15817,8169,054
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,8135,1485,4115,1716,2072,5102,413
Accounts payable5405754885683,226206489
Accrued liabilities6345941,6431,418281418286
Employee-related liabilities 407     
Taxes payable3,6393,5723,2803,1852,7011,8861,637
Debt 195126    
Due to related parties     206 
Customer advances and deposits 37024
Other undisclosed current liabilities598027169415  
Total current liabilities:5,4115,3445,8095,2396,6233,0862,437
Noncurrent Liabilities
Long-term debt and lease obligation11,035238133    
Long-term debt, excluding current maturities10,000      
Operating lease, liability1,035238133
Liabilities, other than long-term debt  27    
Due to related parties  27    
Other undisclosed noncurrent liabilities(1,035)(86)128    
Total noncurrent liabilities:11,035390287    
Total liabilities:16,4465,7346,0965,2396,6233,0862,437
Stockholders' equity
Stockholders' equity attributable to parent49,96354,0206,18420,53324,34819,49811,424
Common stock90,42482,55628,41526,52423,71720,53515,500
Treasury stock, value   (418)(418)(418)(418)
Common stock, share subscribed but unissued, subscriptions receivable  (60)    
Additional paid in capital2,3352,3352,3352,0671,7566891,145
Deferred compensation equity      (4)
Accumulated other comprehensive loss(843)(625)(1,084)(671)(272)(415)(281)
Accumulated deficit(41,953)(30,245)(23,422)(6,969)(435)(894)(4,519)
Stockholders' equity attributable to noncontrolling interest(1,153)(6,951)(6,542)(5,174)(4,813)(4,769)(4,807)
Total stockholders' equity:48,81047,069(358)15,36019,53514,7306,617
TOTAL LIABILITIES AND EQUITY:65,25652,8035,73820,59926,15817,8169,054

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues4,9685,1516,53641,77123,06511,4467,311
Revenue, net 11,446 
Cost of revenue(4,842)(4,974)(3,679)(36,007)(15,586)(4,981)(3,738)
Cost of goods and services sold(4,968)(5,151)(6,536)(41,771)   
Provision for loan, lease, and other losses3(1,031)(4,897)(3,979)
Gross profit:1251772,8575,7657,4796,4653,573
Operating expenses(10,088)(6,438)(20,595)(11,735)(6,661)(3,364)(4,822)
Operating income (loss):(9,962)(6,261)(17,738)(5,970)8183,101(1,249)
Nonoperating income (expense)(6,809)(509)(5)(121)65530(240)
Investment income, nonoperating(6,132)      
Other nonoperating income (expense)(677)(509)(5)5965530(240)
Interest and debt expense(2)(6)     
Other undisclosed loss from continuing operations before equity method investments, income taxes(6)      
Income (loss) from continuing operations before equity method investments, income taxes:(16,779)(6,775)(17,743)(6,091)1,4733,131(1,489)
Other undisclosed income from continuing operations before income taxes86     
Income (loss) from continuing operations before income taxes:(16,771)(6,770)(17,743)(6,091)1,4733,131(1,489)
Income tax expense (benefit)(215)(3)(186)(921)(950)472(813)
Income (loss) before gain (loss) on sale of properties:(16,986)(6,773)(17,929)(7,012)5233,604(2,302)
Other undisclosed net income215      
Net income (loss):(16,771)(6,773)(17,929)(7,012)5233,604(2,302)
Net income (loss) attributable to noncontrolling interest(22)501,476478(64)21336
Other undisclosed net income (loss) attributable to parent16(50)     
Net income (loss) attributable to parent:(16,776)(6,773)(16,453)(6,534)4593,625(1,966)
Other undisclosed net loss available to common stockholders, basic(67)      
Net income (loss) available to common stockholders, diluted:(16,843)(6,773)(16,453)(6,534)4593,625(1,966)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(16,771)(6,773)(17,929)(7,012)5233,604(2,302)
Other undisclosed comprehensive income (loss)(217)(0)(383)(281)66(74)(134)
Comprehensive income (loss):(16,988)(6,774)(18,312)(7,293)5893,530(2,436)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(87)4091,369361(12)(39)97
Other undisclosed comprehensive income, net of tax, attributable to parent    24  
Comprehensive income (loss), net of tax, attributable to parent:(17,076)(6,365)(16,943)(6,933)6013,491(2,338)

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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