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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 81213112
Cash and cash equivalents 81213112
Restricted cash and investments 52522167
Receivables 9121101
Prepaid expense 0  10
Deposits current assets 0  00
Other undisclosed current assets 01(1)  
Total current assets: 2250462810
Noncurrent Assets
Property, plant and equipment 12211
Intangible assets, net (including goodwill) 00000
Intangible assets, net (excluding goodwill) 00000
Other noncurrent assets 0100 
Other undisclosed noncurrent assets 100  
Total noncurrent assets: 23311
TOTAL ASSETS: 2553483011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 11112
Accrued liabilities 00000
Employee-related liabilities 01000
Taxes payable 00  0
Other undisclosed accounts payable and accrued liabilities 00012
Debt 37600
Due to related parties 601 0
Customer advances and deposits2522167
Other undisclosed current liabilities 5002(0)
Total current liabilities: 143531189
Noncurrent Liabilities
Liabilities, other than long-term debt   000
Deferred tax liabilities, net  000
Total noncurrent liabilities:   000
Total liabilities: 143531189
Stockholders' equity
Stockholders' equity attributable to parent, including: 101818112
Common stock 00000
Additional paid in capital 66642
Accumulated other comprehensive loss (0)(0)(1)(0)(0)
Retained earnings 4121371
Other undisclosed stockholders' equity attributable to parent     (2)
Total stockholders' equity: 101818112
TOTAL LIABILITIES AND EQUITY: 2553483011

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 81319115
Financial services revenue   3
Cost of revenue (3)(1)(1)(1)(0)
Gross profit: 61218114
Operating expenses (13)(14)(10)(4)(3)
Operating income (loss): (7)(2)872
Nonoperating income (expense) (1)1(0)00
Foreign currency transaction gain (loss), before tax (1)1(1)  
Other nonoperating income 01000
Interest and debt expense (0)(0)(0)  
Income (loss) from continuing operations before equity method investments, income taxes: (8)(1)872
Other undisclosed income from continuing operations before income taxes 000  
Income (loss) from continuing operations before income taxes: (8)(1)872
Income tax expense (benefit) 0(0)(2)(1)(0)
Net income (loss) available to common stockholders, diluted: (8)(1)651

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (8)(1)651
Comprehensive income (loss): (8)(1)651
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 01(1)(0)0
Comprehensive income (loss), net of tax, attributable to parent: (8)(0)551

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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