TECHNOVATIVE GROUP, INC. (TEHG) financial statements (2020 and earlier)

Company profile

Business Address UNIT 701, 7F, TOWER 2,
TSIM SHA TSUI, KLN,, 00000
State of Incorp. WY
Fiscal Year End December 31
SIC 5211 - Lumber and Other Building Materials Dealers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4046691,628 1219
Cash and cash equivalents2276691,628 1219
Short-term investments177     
Receivables     18
Inventory, net of allowances, customer advances and progress billings    19
Inventory     19
Prepaid expense    1
Other undisclosed current assets613795   
Total current assets:4657061,723 1256
Noncurrent Assets
Property, plant and equipment13918130  53
Intangible assets, net (including goodwill)4,034   62
Goodwill4,034    62
Disposal group, including discontinued operation, noncurrent assets   62
Assets of disposal group, including discontinued operation36 
Total noncurrent assets:4,172181306236116
TOTAL ASSETS:4,6378861,7536248172
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:74001118441
Accounts payable7     
Other undisclosed accounts payable and accrued liabilities 4001118441
Debt60  150  
Due to related parties257258259   
Business combination, contingent consideration, liability3,659   
Other undisclosed current liabilities39463 (150)50 
Total current liabilities:4,378721270185441
Noncurrent Liabilities
Long-term debt and lease obligation    1,3701,032
Long-term debt, excluding current maturities    1,3701,032
Liabilities, other than long-term debt523     
Business combination, contingent consideration, liability523   
Total noncurrent liabilities:523   1,3701,032
Total liabilities:4,901721270181,4251,073
Stockholders' equity
Stockholders' equity attributable to parent, including:(264)1651,483(18)(1,376)(902)
Common stock635555524848
Additional paid in capital2,6882,3762,3769288282
Accumulated other comprehensive income16159   
Accumulated deficit(3,031)(2,281)(957)(1,381)(1,381)(1,032)
Other undisclosed stockholders' equity attributable to parent   383(126) 
Total stockholders' equity:(264)1651,483(18)(1,376)(902)
TOTAL LIABILITIES AND EQUITY:4,6378861,753 48172

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2  17 210
Revenue, net     210
Other operating income66     
Cost of revenue     (121)
Gross profit:2  17 89
Operating expenses(818)(1,331)(953)(327)(233)(496)
Operating loss:(816)(1,331)(953)(310)(233)(407)
Nonoperating income
(Investment Income, Nonoperating)
00    
Interest and debt expense   (1)(103)(70)
Loss from continuing operations before equity method investments, income taxes:(816)(1,331)(953)(310)(337)(477)
Other undisclosed income from continuing operations before income taxes66 0   
Loss from continuing operations before income taxes:(750)(1,331)(953)(310)(337)(477)
Income tax benefit 7    
Loss from continuing operations:(750)(1,323)(953)(310)(337)(477)
Loss from discontinued operations   (3)  
Net loss:(750)(1,323)(953)(313)(337)(477)
Other undisclosed net income (loss) attributable to parent   855(138) 
Net income (loss) available to common stockholders, diluted:(750)(1,323)(953)542(475)(477)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(750)(1,323)(953)(313)(337)(477)
Comprehensive loss:(750)(1,323)(953)(313)(337)(477)
Other undisclosed comprehensive income, net of tax, attributable to parent169   
Comprehensive loss, net of tax, attributable to parent:(749)(1,318)(944)(313)(337)(477)

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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