Takung Art Co., Ltd. (TKAT) Financial Statements (2024 and earlier)
Company Profile
Business Address |
OFFICE Q 11TH FLOOR, KINGS WING PLAZA 2 HONG KONG, 999077 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 599 - Retail Stores, Not Elsewhere Classified (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 64,795 | 1,503 | 4,698 | 5,424 | 7,975 | 11,867 | |||
Cash and cash equivalents | 64,795 | 1,503 | 4,698 | 5,424 | 7,975 | 11,867 | |||
Restricted cash and investments | 2,706 | 9,145 | 16,405 | 4,549 | 25,274 | ||||
Receivables | 86 | 120 | 8,990 | 5,899 | 8,868 | 11,719 | |||
Prepaid expense | 39 | 300 | 478 | ||||||
Disposal group, including discontinued operation | 97 | 373 | |||||||
Deposits current assets | 6 | 36 | 0 | 242 | |||||
Other current assets | |||||||||
Other undisclosed current assets | 170 | 205 | 2,097 | 236 | 707 | ||||
Total current assets: | 67,690 | 2,167 | 23,112 | 30,126 | 22,347 | 49,567 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 184 | 183 | 731 | ✕ | ✕ | ||||
Property, plant and equipment | 5 | 7 | 438 | 860 | 1,446 | 2,191 | |||
Long-term investments and receivables | 9,297 | 104 | |||||||
Due from related parties | 104 | ||||||||
Long-term investments | 9,297 | ||||||||
Intangible assets, net (including goodwill) | 0 | 23 | 22 | 22 | 22 | ||||
Intangible assets, net (excluding goodwill) | 0 | 23 | 22 | 22 | 22 | ||||
Disposal group, including discontinued operation, noncurrent assets | 56 | ||||||||
Deferred income tax assets | 639 | 540 | ✕ | ✕ | |||||
Other noncurrent assets | 19 | 57 | 142 | 757 | |||||
Other undisclosed noncurrent assets | 612 | 291 | |||||||
Total noncurrent assets: | 61 | 9,487 | 1,301 | 2,316 | 2,222 | 3,262 | |||
TOTAL ASSETS: | 67,751 | 11,654 | 24,413 | 32,442 | 24,569 | 52,829 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 2,132 | 91 | 728 | 630 | 642 | 1,462 | |||
Taxes payable | ✕ | ✕ | 106 | 6 | 15 | 313 | |||
Employee-related liabilities | ✕ | ✕ | 80 | 80 | 104 | 827 | |||
Accrued liabilities | 708 | 91 | 366 | 168 | 86 | 194 | |||
Other undisclosed accounts payable and accrued liabilities | 1,424 | 176 | 376 | 436 | 128 | ||||
Deferred revenue | 2,706 | ✕ | ✕ | ||||||
Debt | 1,550 | 1,977 | 2,039 | 2,553 | 7,371 | ||||
Disposal group, including discontinued operation | 8,701 | ||||||||
Due to related parties | 6,449 | 6,863 | 6,385 | 484 | |||||
Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 25,444 | ||
Other liabilities | 8,877 | ||||||||
Other undisclosed current liabilities | 256 | 9,341 | 16,416 | 4,519 | 151 | ||||
Total current liabilities: | 15,344 | 8,968 | 18,495 | 25,947 | 14,100 | 34,911 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 103 | 49 | |||||||
Operating lease, liability | 103 | 49 | ✕ | ✕ | |||||
Other undisclosed noncurrent liabilities | (103) | ||||||||
Total noncurrent liabilities: | 103 | 49 | |||||||
Other undisclosed liabilities | (91) | ||||||||
Total liabilities: | 15,344 | 8,877 | 18,598 | 25,996 | 14,100 | 34,911 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 52,407 | 2,777 | 5,815 | 6,445 | 10,469 | 17,918 | |||
Common stock | 35 | 14 | 11 | 11 | 11 | 11 | |||
Additional paid in capital | 92,527 | 32,548 | 6,358 | 6,321 | 6,282 | 6,116 | |||
Accumulated other comprehensive income (loss) | 220 | (341) | (328) | (273) | (303) | (320) | |||
Retained earnings (accumulated deficit) | (40,375) | (29,444) | (226) | 386 | 4,479 | 12,111 | |||
Other undisclosed equity, attributable to parent | (0) | ||||||||
Other undisclosed equity | 0 | ||||||||
Total equity: | 52,407 | 2,777 | 5,815 | 6,445 | 10,469 | 17,918 | |||
TOTAL LIABILITIES AND EQUITY: | 67,751 | 11,654 | 24,413 | 32,442 | 24,569 | 52,829 |
Income Statement (P&L) ($ in thousands)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 3,404 | 120 | 4,567 | 3,173 | 8,495 | 12,922 | ||
Cost of revenue | (1,359) | (2,287) | (1,862) | (2,579) | (1,247) | |||
Other cost of operating revenue | (1,359) | (1) | (0) | (5) | ||||
Other undisclosed gross profit | (783) | 1,359 | ||||||
Gross profit: | 2,621 | 120 | 2,280 | 1,311 | 5,917 | 11,675 | ||
Operating expenses | (13,568) | (3,845) | (4,964) | (12,575) | (13,507) | |||
Other undisclosed operating loss | (12,975) | |||||||
Operating loss: | (10,354) | (13,448) | (1,566) | (3,652) | (6,658) | (1,832) | ||
Nonoperating income (expense) | 1 | (0) | 965 | (367) | (1,453) | 1,113 | ||
Investment income, nonoperating | ||||||||
Gain (loss), foreign currency transaction, before tax | 889 | (247) | (1,337) | 1,137 | ||||
Other nonoperating income (expense) | (0) | 240 | (63) | 458 | 577 | |||
Interest and debt expense | 1,331 | (163) | (57) | (290) | (284) | |||
Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
Loss from continuing operations before equity method investments, income taxes: | (10,353) | (12,117) | (763) | (4,077) | (8,402) | (1,002) | ||
Other undisclosed income (loss) from continuing operations before income taxes | (1,331) | 57 | 290 | 284 | ||||
Loss from continuing operations before income taxes: | (10,353) | (13,448) | (763) | (4,020) | (8,112) | (719) | ||
Income tax expense (benefit) | (256) | (13) | (73) | 480 | (343) | |||
Loss from continuing operations: | (10,609) | (13,448) | (776) | (4,093) | (7,632) | (1,062) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | (30,074) | (776) | (4,093) | (7,632) | (1,062) | ||
Income (loss) from discontinued operations | (322) | (16,626) | ||||||
Other undisclosed net income | 16,626 | |||||||
Net income (loss): | (10,931) | (13,448) | (776) | (4,093) | (7,632) | (1,062) | ||
Other undisclosed net income (loss) attributable to parent | (16,626) | 163 | ||||||
Net income (loss) available to common stockholders, diluted: | (10,931) | (30,074) | (613) | (4,093) | (7,632) | (1,062) |
Comprehensive Income ($ in thousands)
6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net income (loss): | (10,931) | (13,448) | (776) | (4,093) | (7,632) | (1,062) | ||
Other comprehensive loss | (0) | |||||||
Comprehensive income (loss): | (10,931) | (13,448) | (776) | (4,093) | (7,632) | (1,062) | ||
Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 561 | (16,639) | 108 | 30 | 18 | 763 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (10,370) | (30,087) | (668) | (4,063) | (7,614) | (298) |
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.