10-Q
Quarterly Report
SUNRISE REAL ESTATE GROUP INC
SRRE
NONE
CIK: 1083490
File #: 000-32585
Balance Sheet
62 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) | ||
ASSETS | ||
Current assets | ||
Cash and cash equivalents | 17,119,509 | 19,945,761 |
Restricted cash (Note 3) | 115,241 | 1,122,324 |
Transactional financial assets (Note 4) | 25,266,351 | 23,966,573 |
Bank wealth management investment products | 25,266,351 | — |
Accounts receivable | 8,249,703 | 328,427 |
Real estate property under development (Note 5) | 59,301,017 | 63,953,601 |
Amount due from an unconsolidated affiliate | 15,447,217 | 15,964,637 |
Employees | 286,944 | 85,662 |
Other receivables and deposits, net (Note 6) | 5,952,288 | 8,249,209 |
Total current assets | 131,451,326 | 133,530,532 |
Property and equipment, net (Note 7) | 332,156 | 433,302 |
Investment properties, net (Note 8) | 25,694,832 | 26,721,490 |
Investment in an unconsolidated affiliate (Note 9) | 13,890,103 | 13,381,808 |
SHZYT | 280,258 | — |
SHSFM | 35,506 | — |
SHTX | 28,147 | — |
SHMTH | 88,765 | — |
SHAY | 155,988 | — |
Shanghai Da Er Wei Trading Company Limited ("SHDEW") | 12,470,064 | — |
DEWSY | 551,117 | — |
Other investments (Note 10) | 308,782 | 632,373 |
ASU 2016-01 | 308,782 | 632,373 |
Total assets | 171,677,199 | 174,699,505 |
Operating Segments - Others | 27,877,753 | — |
Operating Segments - Real Estate Development | 91,453,084 | — |
Operating Segments - Property Brokerage Services | 12,881,126 | — |
Operating Segments - Investment Transaction | 39,465,236 | — |
Operating Segments | 171,677,199 | — |
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) | ||
Current liabilities | ||
Promissory notes payable (Note 11) | 1,407,360 | 1,391,130 |
Accounts payable (Note 14) | 17,125,203 | 16,871,500 |
Directors | 752,060 | 743,387 |
Affiliated Entity | 28,475,586 | 33,823,253 |
SHSJ, a shareholder of HATX | 27,977,176 | — |
JXSY | 498,410 | — |
Customer deposits (Note 16) | 17,046,879 | 17,502,037 |
Other payables and accrued expenses (Note 13) | 5,061,425 | 7,109,119 |
Other taxes payable | 86,957 | 278,236 |
Income taxes payable (Note 17) | 897 | 6,105 |
Total current liabilities | 69,956,367 | 77,724,767 |
Total liabilities | 69,956,367 | 77,724,767 |
Shareholders' equity | ||
Common stock, par value $0.01 per share; 200,000,000 shares Authorized; 68,691,925 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 686,919 | 686,919 |
Additional paid-in capital | 8,110,008 | 8,110,008 |
Statutory reserve (Note 20) | 3,893,120 | 3,893,120 |
PRC subsidiary | 3,893,120 | 3,893,120 |
Retained Earnings | 96,071,572 | 90,363,630 |
Accumulated other comprehensive income | 7,289,935 | 6,095,427 |
Total deficit of Sunrise Real Estate Group, Inc. | 116,051,554 | 109,149,104 |
Non-controlling interests | (14,330,722) | (12,174,366) |
Total shareholders' equity | 101,720,832 | 96,974,738 |
Retained Earnings (Deficits) | 96,071,572 | 90,363,630 |
Non-controlling Interests | (14,330,722) | (12,174,366) |
Additional Paid-in Capital | 8,110,008 | 8,110,008 |
Accumulated Other Comprehensive Income | 7,289,935 | 6,095,427 |
Statutory Reserve | 3,893,120 | 3,893,120 |
Common Stock | 686,919 | 686,919 |
Total liabilities and shareholders' equity | 171,677,199 | 174,699,505 |