Sincerity Applied Materials Holdings Corp. (SINC) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
UNIT 2205, 18 YARRA ST. SOUTH VARRA, VIC, 3141 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 282 - Plastics Materials And Synthetic Resins, Synthetic (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 investments | 1 | 4 | 23 | 23 | 64 | 10 | 554 | ||
| Cash and cash equivalents | 1 | 4 | 23 | 23 | 64 | 10 | 554 | ||
| Receivables | 517 | 584 | 392 | 146 | 121 | (40) | |||
| Prepaid expense | 33 | 43 | |||||||
| Other current assets | 1 | 73 | |||||||
| Other undisclosed current assets | 135 | (73) | 104 | ||||||
| Total current assets: | 518 | 588 | 415 | 306 | 185 | 42 | 661 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 96 | 103 | 109 | 135 | 52 | (2) | 15 | ||
| Intangible assets, net (including goodwill) | 785 | ||||||||
| Intangible assets, net (excluding goodwill) | 785 | ||||||||
| Deferred income tax assets | 99 | 95 | 124 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent assets | 125 | 57 | 3 | 1 | |||||
| Total noncurrent assets: | 195 | 197 | 232 | 260 | 109 | 1 | 801 | ||
| TOTAL ASSETS: | 713 | 785 | 647 | 566 | 294 | 43 | 1,462 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 139 | 85 | 119 | 216 | 283 | 54 | 391 | ||
| Taxes payable | 20 | ||||||||
| Employee-related liabilities | 14 | ||||||||
| Accounts payable | 106 | 176 | 17 | 89 | |||||
| Accrued liabilities | 139 | 85 | 89 | 110 | 73 | 37 | 302 | ||
| Other undisclosed accounts payable and accrued liabilities | 31 | ||||||||
| Debt | 49 | 24 | 22 | 21 | 33 | ||||
| Derivative instruments and hedges, liabilities | 1,339 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | 99 | ||||
| Due to related parties | 13 | 73 | |||||||
| Other undisclosed current liabilities | 474 | 519 | 373 | 213 | 579 | 33 | |||
| Total current liabilities: | 662 | 629 | 514 | 449 | 2,346 | 54 | 497 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 60 | 86 | 111 | 39 | 49 | ||||
| Long-term debt, excluding current maturities | 60 | 86 | 111 | 39 | 49 | ||||
| Other undisclosed noncurrent liabilities | 587 | ||||||||
| Total noncurrent liabilities: | 60 | 86 | 111 | 39 | 637 | ||||
| Total liabilities: | 662 | 689 | 601 | 560 | 2,385 | 54 | 1,134 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 51 | 96 | 46 | 6 | (2,091) | (10) | 356 | ||
| Common stock | 124 | 124 | 124 | 50 | 49 | 187 | 37 | ||
| Additional paid in capital | 3,443 | 3,443 | 3,443 | 3,443 | 2,184 | 8,287 | 7,635 | ||
| Accumulated other comprehensive income (loss) | 25 | 9 | 45 | (54) | (54) | (322) | |||
| Accumulated deficit | (3,488) | (3,427) | (3,512) | (3,500) | (4,262) | (8,485) | (6,994) | ||
| Other undisclosed equity, attributable to parent | (54) | (54) | (54) | 66 | (8) | ||||
| Equity, attributable to noncontrolling interest | (27) | ||||||||
| Total equity: | 51 | 96 | 46 | 6 | (2,091) | (10) | 329 | ||
| TOTAL LIABILITIES AND EQUITY: | 713 | 785 | 647 | 566 | 294 | 43 | 1,462 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 63 | 483 | 678 | 1,558 | 2,151 | 219 | 353 | |
| Gain on disposition of assets for financial service operations | 1,356 | ✕ | ✕ | ✕ | ||||
| Cost of revenue | (21) | (360) | (575) | (1,472) | (1,951) | |||
| Gross profit: | 42 | 122 | 103 | 86 | 200 | 219 | 353 | |
| Operating expenses | (129) | (48) | (135) | (447) | (2,790) | (2,306) | (2,508) | |
| Operating income (loss): | (87) | 74 | (32) | (362) | (2,590) | (2,087) | (2,154) | |
| Nonoperating income (expense) | 16 | 48 | 21 | 1,045 | (1,456) | 579 | (145) | |
| Investment income, nonoperating | 615 | |||||||
| Gain (loss), foreign currency transaction, before tax | (8) | 4 | 22 | |||||
| Other nonoperating income (expense) | 29 | 50 | 14 | 34 | (1,456) | 579 | (145) | |
| Interest and debt expense | (6) | (6) | (15) | (240) | (91) | (295) | (149) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (77) | 117 | (27) | 443 | (4,137) | (1,802) | (2,448) | |
| Other undisclosed income from continuing operations before income taxes | 6 | 6 | 15 | 240 | 91 | |||
| Income (loss) from continuing operations before income taxes: | (71) | 123 | (11) | 684 | (4,046) | (1,802) | (2,448) | |
| Income tax expense (benefit) | 10 | (37) | (0) | 78 | 56 | |||
| Income (loss) from continuing operations: | (61) | 86 | (12) | 762 | (3,990) | (1,802) | (2,448) | |
| Income (loss) before gain (loss) on sale of properties: | (61) | 86 | (12) | 762 | (3,990) | (1,802) | (2,448) | |
| Other undisclosed net income (loss) | (10) | 295 | 149 | |||||
| Net income (loss): | (71) | 86 | (12) | 762 | (3,990) | (1,508) | (2,299) | |
| Net income attributable to noncontrolling interest | 17 | 100 | ||||||
| Other undisclosed net income attributable to parent | 10 | |||||||
| Net income (loss) available to common stockholders, basic: | (61) | 86 | (12) | 762 | (3,990) | (1,491) | (2,200) | |
| Other undisclosed net income available to common stockholders, diluted | 123 | |||||||
| Net income (loss) available to common stockholders, diluted: | 61 | 86 | (12) | 762 | (3,990) | (1,491) | (2,200) | |
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 income (loss): | (71) | 86 | (12) | 762 | (3,990) | (1,508) | (2,299) | |
| Other comprehensive income (loss) | 16 | (35) | (21) | 74 | (25) | |||
| Other undisclosed comprehensive income (loss) | 322 | (144) | ||||||
| Comprehensive income (loss): | (56) | 50 | (33) | 836 | (4,015) | (1,185) | (2,443) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 18 | 90 | ||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 10 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (45) | 50 | (33) | 836 | (4,015) | (1,168) | (2,353) | |
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.