← Able View Global Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net income (loss) | $8.7m |
$7.9m
-9.11%
|
$9.8m
+23.36%
|
($7.4m)
-176.10%
|
$820k
+111.05%
|
— | |
| Less: net income (loss) from discontinued operations | — | — | $343k | ($6.3m) | $3.6m | — | |
| Depreciation expenses | $126k | $131k | $223k | $224k | $54k | $109k | |
| Amortization of right of use assets | — | $286k | $658k | $612k | $55k | — | |
| Deferred income tax expenses (benefits) | ($706k) | ($610k) | ($1.1m) | ($2.3m) | $1.5m | $1.5m | |
| Provision of expected credit loss against other receivables | — | — | — | $2.1m | — | — | |
| Accounts receivable | ($5.2m) | ($10.9m) | $6.4m | ($855k) | $2.7m | $3.8m | |
| Accounts receivable – related parties | — | — | $1.6m | ($1.3m) | $1.1m | $3.8m | |
| Write-down of inventories | — | $31k | $12k | $4.9m | — | — | |
| Inventories | ($4.0m) | ($8.9m) | $1.1m | $6.1m | $3.3m | $3.3m | |
| Accounts payable | $2.9m | ($2.3m) | $2.8m | ($1.2m) | ($7.9m) | ($7.9m) | |
| Reduction of dividend payables due to disposal of discontinued operations | — | — | — | — | $10.0m | — | |
| Other payable and accrued expenses | $262k | $274k | $728k | $646k | $1.2m | — | |
| Prepayment and other current assets | ($6.4m) | $4.1m | $198k | ($864k) | ($4.1m) | — | |
| Net cash (used in) provided by operating activities from continuing operations | ($1.9m) |
($12.8m)
-577.02%
|
$25.5m
+298.25%
|
($3.7m)
-114.63%
|
($3.6m)
+2.57%
|
($3.6m)
0.00%
|
|
| Net cash provided by (used in) operating activities from discontinued operations | ($1.9m) |
($12.8m)
-577.02%
|
($1.9m)
+85.20%
|
$1.5m
+178.00%
|
$4.8m
+225.53%
|
($3.6m)
-175.23%
|
|
| Net cash provided by (used in) operating activities | ($1.9m) |
($12.8m)
-577.02%
|
$23.6m
+283.45%
|
($2.2m)
-109.52%
|
$1.2m
+153.28%
|
($3.6m)
-403.72%
|
|
| Gain from disposal of property and equipment | — | — | — | ($31k) | — | — | |
| Purchase of property and equipment | ($175k) | ($196k) | ($455k) | ($71k) | ($27k) | ($27k) | |
| Due from a third party for disposal of property and equipment | — | — | — | $104k | — | — | |
| Net cash (used in) provided by investing activities from continuing operations | — | — | $409k | ($52k) | ($4.0m) | — | |
| Net cash used in investing activities from discontinued operations | — | — | ($155k) | ($973) | ($312k) | ($4.0m) | |
| Net cash (used in) provided by investing activities | $53k | ($1.1m) | $254k | ($53k) | ($4.3m) | — | |
| Proceeds from short-term borrowings | $34.5m | $85.5m | $58.2m | $38.3m | $27.2m | — | |
| Repayments of short-term borrowings | ($34.3m) | ($73.2m) | ($70.8m) | ($33.2m) | ($26.0m) | — | |
| Borrowings from related parties | $35.3m | $18.3m | $25.4m | $12.1m | $9.2m | — | |
| Repayment of short-term borrowings to related parties | ($28.3m) | ($15.0m) | ($25.4m) | ($18.3m) | ($8.8m) | — | |
| Proceeds from long-term borrowings | — | — | — | $2.2m | — | — | |
| Payments of dividends to shareholders | ($2.6m) | ($6.9m) | ($57k) | ($58k) | ($58k) | ($58k) | |
| Net settlement of dividends payable with due from related parties from continuing operations | — | — | — | — | $1.1m | — | |
| Net cash provided by (used in) financing activities from continuing operations | — | — | ($19.0m) |
$7.2m
+137.88%
|
$1.6m
-77.97%
|
$1.6m
0.00%
|
|
| Net cash (used in) provided by financing activities from discontinued operations | — | — | $2.8m |
($3.2m)
-212.42%
|
($4.5m)
-41.69%
|
— | |
| Net cash (used in) provided by financing activities | $4.5m |
$12.9m
+187.34%
|
($16.2m)
-225.28%
|
$4.0m
+124.92%
|
($2.9m)
-171.82%
|
— | |
| Net (decrease) increase in cash and cash equivalents, including cash and cash equivalents classified to assets of discontinued operations | $2.4m | ($947k) | $7.6m | $2.0m | ($6.2m) | — | |
| Less: net increase (decrease) in cash and cash equivalents of discontinued operations | — | — | $729k | ($1.7m) | $28k | — | |
| Net (decrease) increase in cash and cash equivalents of continuing operations | — | — | $6.8m | $3.7m | ($6.2m) | — | |
| Cash and cash equivalents of continuing operations at beginning of year | $6.7m | $5.8m | $13.3m | $15.3m | $9.0m | — | |
| Effect of exchange rate changes on cash and cash equivalents from continuing operations | ($248k) | $66k | ($56k) | $259k | ($167k) | ($164k) | |
| Effect of exchange rate changes on cash and cash equivalents from discontinued operations | — | — | ($34k) | ($27k) | $3k | ($164k) | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Net (loss) income from continuing operations | — | — | $9.4m | ($1.1m) | ($2.8m) | — | |
| Other non-current assets | ($342k) | ($300k) | ($591k) | $25k | $188k | — | |
| Advance from customers | $1.9m | ($1.8m) | $19k | ($16k) | $683k | — | |
| Income tax payable | $996k | $871k | $2.6m | ($2.3m) | $1.5m | — | |
| Lease liabilities | — | ($139k) | ($712k) | ($829k) | ($74k) | — | |
| Amount due to related parties, current | ($9k) | ($17k) | ($43k) | $287k | ($967k) | — | |
| Loans to third parties | — | — | ($1.2m) | — | ($1.2m) | — | |
| Collection of loans from a third party | — | — | $720k | — | $500k | — | |
| Payment to Shanghai Jingyue (Note 3) | — | — | — | — | ($3.2m) | — | |
| Advances to related parties | ($141k) | ($2.6m) | ($3.0m) | ($160k) | ($8k) | — | |
| Collection of advances from related parties | $369k | $1.7m | $4.2m | $178k | $8k | — | |
| Payment of offering costs | ($149k) | ($225k) | ($3.1m) | — | — | — | |
| Payment to repurchase of Class B ordinary shares | — | — | ($433k) | ($866k) | — | — | |
| Proceeds from issuance of convertible notes | — | — | — | $4.0m | — | — | |
| Cash paid for interest expense | $788k | $620k | $848k | $247k | $575k | — | |
| Cash paid for income tax | $1.1m | $1.2m | $483k | $2.7m | $393k | — | |
| Cash refunded for income tax | — | — | — | $361k | $263k | — | |
| Operating lease right-of-use assets obtained in exchange for operating lease liabilities | — | $273k | $2.4m | $13k | $252k | — | |
| Accretion of convertible redeemable preferred shares | — | $136k | $160k | — | — | — | |
| Issuance of Class B ordinary shares to a financial advisor | — | $6.8m | $6.2m | — | — | — | |
| Issuance of Class B ordinary shares for conversion of convertible notes | — | — | — | $2.7m | — | — | |
| Net settlement of due from related parties and due to related parties within continuing operations | — | — | $1.3m | $3.5m | $3.2m | — | |
| Net settlement of due from related parties and due to related parties between continuing operations and discontinued operations | — | — | $1.3m | $9.2m | $962k | — |