10-Q
Quarterly Report
ADDENTAX GROUP CORP.
ATXG
NASDAQ
CIK: 1650101
File #: 333-206097
Balance Sheet
54 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Mar 31, 2023 |
|---|---|---|
ASSETS | ||
CURRENT ASSETS | ||
Cash and Cash Equivalents | 498,254 | 562,711 |
Other Current Assets | 3,250,000 | — |
Accounts Receivable | 2,182,465 | 1,858,889 |
Cash and Cash Equivalents | — | 17,718,750 |
Inventory | 304,400 | 285,528 |
Other Non-Operating Current Assets | 19,259,660 | 959,196 |
Other Non-Operating Current Assets | 2,008,023 | 1,281,075 |
Related Party | 2,809,116 | 375,092 |
Zhida Hong | 2,111,557 | — |
Bihua Yang | 697,559 | 375,092 |
Total current assets | 30,311,918 | 23,041,241 |
NON-CURRENT ASSETS | ||
Property, Plant and Equipment | 607,311 | 649,120 |
Other Non-Operating Non-Current Assets | 257,314 | 90,032 |
Restricted cash | — | 14,750,000 |
Other Non-Operating Non-Current Assets | 2,500,000 | 2,500,000 |
Operating Lease Right-of-Use Asset | 20,108,986 | 272,488 |
Total non-current assets | 23,473,611 | 18,261,640 |
TOTAL ASSETS | 53,785,529 | 41,302,881 |
Segment Reconciling Items - Garment Manufacturing Segment | 2,622,846 | 2,169,973 |
Segment Reconciling Items - Logistic Services Segment | 2,999,261 | 2,476,841 |
Segment Reconciling Items - Property Management and Subleasing | 21,111,864 | — |
Segment Reconciling Items | 26,733,971 | 4,646,814 |
Corporate, Non-Segment | 27,051,558 | 36,656,067 |
LIABILITIES AND EQUITY | ||
CURRENT LIABILITIES | ||
Short-Term Debt | 309,175 | 137,468 |
Accounts Payable | 466,184 | 267,501 |
Related Party | 2,125,000 | 2,384,633 |
Other Current Liabilities | 195,755 | 2,152 |
Other Current Liabilities | 1,251,839 | 606,843 |
Operating Lease Liability, Current | 1,079,653 | 127,101 |
Total current liabilities | 5,427,606 | 3,525,698 |
NON-CURRENT LIABILITIES | ||
Long-Term Debt | 2,376,112 | 11,219,519 |
Other Non-Operating Non-Current Liabilities | 2,708,757 | 2,290,483 |
Operating Lease Liability, Non-Current | 19,029,332 | 145,387 |
Total non-current liabilities | 24,114,201 | 13,655,389 |
TOTAL LIABILITIES | 29,541,807 | 17,181,087 |
EQUITY | ||
Total Stockholders' Equity | 4,495 | 35,455 |
Total Stockholders' Equity | 33,606,949 | 29,528,564 |
Total Stockholders' Equity | (9,433,762) | (5,451,209) |
Statutory reserve | 37,027 | 28,457 |
Total Stockholders' Equity | 29,013 | (19,473) |
Total equity | 24,243,722 | 24,121,794 |
Common Stock | 4,495 | 35,455 |
Additional Paid-in Capital | 33,606,949 | 29,528,564 |
Retained Earnings Unrestricted | (9,433,762) | (5,451,209) |
Retained Earnings Statutory Reserve | 37,027 | 28,457 |
AOCI Attributable to Parent | 29,013 | (19,473) |
TOTAL LIABILITIES AND EQUITY | 53,785,529 | 41,302,881 |