Hongchang International Co., Ltd
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $493.2K | $240.6K | $895.7K | $3.1K | $4.3K | $5.5K | $95.5K | $37.6K |
| Accounts Receivable | $2.3M | $52.5K | $742.9K | — | — | $1.3K | $32.8K | — |
| Inventory | $36.2K | — | $13.7K | — | — | $501.4K | $421.5K | — |
| Total Current Assets | $4.0M | $8.1M | $4.0M | $83.0K | $37.4K | $60.0K | $649.5K | $58.9K |
| Property, Plant & Equipment | $27.1M | $16.9K | $3.2K | — | — | — | — | — |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | $3.2K | — | — | — | — | — |
| Total Assets | $59.5M | $57.5M | $50.2M | $31.2M | $93.5K | $194.3K | $852.5K | $58.9K |
| Liabilities | ||||||||
| Accounts Payable | $2.3M | — | $650.9K | $16.2K | $17.4K | $17.9K | $80.7K | — |
| Total Current Liabilities | $6.4M | $6.7M | $1.1M | $25.3M | $1.9M | $1.8M | $1.4M | $296.1K |
| Long-Term Debt | $6.6M | $6.6M | — | — | — | — | — | — |
| Total Liabilities | $18.5M | $18.7M | $9.7M | $31.7M | $1.9M | $1.8M | $1.6M | $296.1K |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-31.7K | $-1.3M | $-812.5K | $-433.7K | $-19.6M | $-19.5M | $-18.9M | $-18.4M |
| Total Stockholders' Equity | $40.3M | $38.8M | $40.5M | $-418.7K | $-193.8K | $-1.4M | $-715.9K | $-237.2K |