Sino United Worldwide Consolidated Ltd. (SUIC) financial statements (2020 and earlier)

Company profile

Business Address 136-20 38TH AVE.
FLUSHING, NY 11354
State of Incorp. NV
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2650254292199141
Cash and cash equivalents 2650254292199141
Receivables 20151,3311,2331,1482,187
Inventory, net of allowances, customer advances and progress billings      90
Inventory      90
Advances on inventory purchases    1 9
Intangible current assets   178  
Prepaid expense and other current assets2
Other current assets   112 
Total current assets: 46651,7651,5271,3482,428
Noncurrent Assets
Property, plant and equipment   9 1,0681,158
Intangible assets, net (including goodwill)   146  
Intangible assets, net (excluding goodwill)   146   
Other undisclosed noncurrent assets      7
Total noncurrent assets:   155 1,0681,164
TOTAL ASSETS: 46651,9201,5272,4163,593
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 155325 1,337
Accounts payable      1,335
Taxes payable   325 2
Other undisclosed accounts payable and accrued liabilities 155    
Debt 8595    
Due to related parties   268851,032 
Customer advances and deposits 102
Other undisclosed current liabilities 2544   1,564
Total current liabilities: 1251442731101,0332,902
Noncurrent Liabilities
Other undisclosed noncurrent liabilities      60
Total noncurrent liabilities:      60
Total liabilities: 1251442731101,0332,962
Stockholders' equity
Stockholders' equity attributable to parent, including: (79)(79)(383)568674631
Common stock 3434   234
Additional paid in capital 1,6481,648   1,110
Accumulated other comprehensive income      894
Accumulated deficit (1,760)(1,760)   (501)
Other undisclosed stockholders' equity attributable to parent   (383)568674(1,106)
Total stockholders' equity: (79)(79)(383)568674631
TOTAL LIABILITIES AND EQUITY: 4665(111)6791,7073,593

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 12030   2,052
Cost of revenue
(Cost of Goods and Services Sold)
   (178)  (1,849)
Gross profit: 12030(178)  203
Operating expenses (114)(185)(32)(944)16(249)
Operating income (loss): 6(155)(211)(944)16(46)
Nonoperating income (expense)
(Foreign Currency Transaction gain, before Tax)
      15
Interest and debt expense (6)(96)  121(41)
Income (loss) from continuing operations before income taxes: (0)(252)(211)(944)137(72)
Income tax expense   (3)(41)(0) 
Other undisclosed loss from continuing operations      (402)
Income (loss) from continuing operations: (0)(252)(214)(986)136(474)
Loss from discontinued operations  (548)    
Income (loss) before gain (loss) on sale of properties: (0)(800)(214)(986)136(474)
Other undisclosed net loss      (82)
Net income (loss): (0)(800)(214)(986)136(556)
Other undisclosed net income (loss) attributable to parent   (100)853(209) 
Net loss available to common stockholders, diluted: (0)(800)(314)(132)(73)(556)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (0)(800)(214)(986)136(556)
Comprehensive income (loss): (0)(800)(214)(986)136(556)
Other undisclosed comprehensive income, net of tax, attributable to parent  38   15
Comprehensive income (loss), net of tax, attributable to parent: (0)(762)(214)(986)136(540)

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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