Takung Art Co., Ltd. (TKAT) financial statements (2021 and earlier)

Company profile

Business Address ROOM 1105 WING ON PLAZA
KOWLOON, 999077
State of Incorp. DE
Fiscal Year End December 31
SIC 599 - Retail Stores, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments558121311
Cash and cash equivalents558121311
Restricted cash and investments9165252216
Receivables96912110
Prepaid expense000  1
Deposits current assets000  0
Other undisclosed current assets0201(1) 
Total current assets:233022504628
Noncurrent Assets
Operating lease, right-of-use asset01
Property, plant and equipment011221
Long-term investments and receivables 0    
Due from related parties 0    
Intangible assets, net (including goodwill)000000
Intangible assets, net (excluding goodwill)000000
Deferred income tax assets11
Other noncurrent assets000100
Other undisclosed noncurrent assets  100 
Total noncurrent assets:122331
TOTAL ASSETS:243225534830
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:111111
Accrued liabilities000000
Employee-related liabilities000100
Taxes payable0000  
Other undisclosed accounts payable and accrued liabilities000001
Debt223760
Due to related parties67601 
Customer advances and deposits252216
Other undisclosed current liabilities9165002
Total current liabilities:182614353118
Noncurrent Liabilities
Long-term debt and lease obligation00    
Operating lease, liability00
Liabilities, other than long-term debt    00
Deferred tax liabilities, net  00
Other undisclosed noncurrent liabilities(0)     
Total noncurrent liabilities:00  00
Total liabilities:192614353118
Stockholders' equity
Stockholders' equity attributable to parent6610181811
Common stock000000
Additional paid in capital666664
Accumulated other comprehensive loss(0)(0)(0)(0)(1)(0)
Retained earnings (accumulated deficit)(0)0412137
Total stockholders' equity:6610181811
TOTAL LIABILITIES AND EQUITY:243225534830

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues538131911
Cost of revenue(2)(2)(3)(1)(1)(1)
Gross profit:216121811
Operating expenses(4)(5)(13)(14)(10)(4)
Operating income (loss):(2)(4)(7)(2)87
Nonoperating income (expense)1(0)(1)1(0)0
Foreign currency transaction gain (loss), before tax1(0)(1)1(1) 
Other nonoperating income (expense)0(0)0100
Interest and debt expense(0)(0)(0)(0)(0) 
Income (loss) from continuing operations before equity method investments, income taxes:(1)(4)(8)(1)87
Other undisclosed income from continuing operations before income taxes 0000 
Income (loss) from continuing operations before income taxes:(1)(4)(8)(1)87
Income tax expense (benefit)(0)(0)0(0)(2)(1)
Net income (loss):(1)(4)(8)(1)65
Other undisclosed net income attributable to parent0     
Net income (loss) available to common stockholders, diluted:(1)(4)(8)(1)65

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1)(4)(8)(1)65
Comprehensive income (loss):(1)(4)(8)(1)65
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0001(1)(0)
Comprehensive income (loss), net of tax, attributable to parent:(1)(4)(8)(0)55

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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