← Akso Health Group
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss from continuing operations | — | — | — | — | ($4.3m) | ($4.1m) | ($13.1m) | ($9.1m) | ($135.5m) | — | — | |
| Net Income From Continuing Operations | — | — | — | — | — | — | ($13.1m) | ($9.1m) | ($135.5m) | ($18.7m) | ($18.7m) | |
| Net Income (Loss) Attributable to Parent | — | $65.5m |
$5.5m
-91.55%
|
($71.2m)
-1386.89%
|
($34.8m)
+51.08%
|
($16.9m)
+51.61%
|
($1.4m)
+91.93%
|
($9.5m)
-595.54%
|
($135.0m)
-1327.01%
|
($18.7m)
+86.17%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $65.5m | $5.5m | ($71.2m) | — | ($16.8m) | ($1.2m) | ($9.5m) | ($135.5m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | $29k | — | — | — | $1k | $112k | ($58k) | ($492k) | — | — | |
| Depreciation, Depletion and Amortization | $92k | $174k | $407k | $581k | $15k | $18k | $0 | $0 | $2.1m | — | $2.4m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $2.1m | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $0 | $0 | $2.1m | $2.4m | $2.4m | |
| Deferred Income Tax Expense (Benefit) | — | $416k | ($3.7m) | $3.6m | — | — | $0 | $0 | ($30.8m) | ($2.0m) | ($2.0m) | |
| Deferred tax (benefit) expense | $136k | $416k | — | — | — | — | $0 | $0 | ($30.8m) | ($2.0m) | — | |
| Share-based Payment Arrangement, Noncash Expense | — | $1.8m | $6.6m | $347k | $55k | $392k | — | — | — | — | $347k | |
| Share-based Payment Arrangement, Expense | — | $1.8m | $6.6m | $347k | $55k | $392k | — | — | — | — | $347k | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $162.4m | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | — | $41.4m | — | $16.7m | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | — | $121.1m | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $162.5m | $16.7m | $16.7m | |
| Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | $34k | — | — | |
| Other Nonoperating Income (Expense) | — | $661k | $2.3m | $1.6m | ($165k) | ($781k) | $1.2m | ($454k) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($1.2m) | $2.1m | $3.0m | ($11.3m) | ($11.3m) | |
| Accounts receivable | — | — | — | — | — | — | ($8.1m) | $327k | ($860k) | — | ($435k) | |
| Change In Receivables | — | — | — | — | — | — | ($8.1m) | $327k | ($860k) | ($435k) | ($435k) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($8.1m) | $327k | ($860k) | ($435k) | ($435k) | |
| Increase (Decrease) in Inventories | — | — | — | — | — | $7.8m | ($6.1m) | ($1.5m) | — | — | $0 | |
| Inventories | — | — | — | — | — | ($7.8m) | $6.1m | $1.5m | — | — | $0 | |
| Change In Inventory | — | — | — | — | — | — | $6.1m | $1.5m | $0 | $0 | $0 | |
| Accounts payable, accrued expenses and other current liabilities | ($2.6m) | $2.5m | ($469k) | ($338k) | ($82k) | ($104k) | $713k | $166k | $417k | — | $313k | |
| Change In Accrued Expense | — | — | — | — | — | $0 | — | $0 | $0 | $527 | $527 | |
| Prepayments and other assets | ($2.5m) | $3.1m | ($2.2m) | $899k | ($113k) | ($507k) | ($95k) | ($131k) | ($6.4m) | — | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $0 | $0 | $82k | ($57k) | ($57k) | |
| Net Cash Provided by (Used in) Operating Activities | $8.2m |
$87.7m
+971.13%
|
($1.7m)
-101.97%
|
($55.9m)
-3127.23%
|
$10.1m
+118.00%
|
($8.6m)
-185.78%
|
($3.3m)
+62.29%
|
$1.4m
+141.53%
|
$1.2m
-12.88%
|
($12.8m)
-1186.62%
|
($12.8m)
0.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | ($5k) | — | — | $154k | ($175.7m) | ($175.7m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($288k) | ($456k) | ($5k) | ($29k) | ($17k) | ($5k) | — | — | ($154k) | — | $29k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | — | — | $93.8m | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | $18.5m | $1.5m | ($12.0m) | $12.2m | $12.2m | |
| Net cash (used in)provided by investing activities from continuing operations | — | — | ($67.1m) | $17.4m | $407k | ($20.0m) | $18.5m | ($54.7m) | ($105.9m) | — | — | |
| Net cash provided by investing activities from discontinued operations | — | — | ($1.0m) | ($4.6m) | ($408k) | $36k | — | — | — | — | ($163.5m) | |
| NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | ($288k) | ($27.6m) | ($68.1m) | $12.8m | ($662) | ($20.0m) | $18.5m | ($54.7m) | ($105.9m) | |||
| Net Cash Provided by (Used in) Investing Activities | — | ($27.6m) | ($68.1m) | $12.8m | ($662) | ($20.0m) | $18.5m | ($54.7m) | ($105.9m) | — | ($163.5m) | |
| Cash flows from financing activities: | ||||||||||||
| Issuance Of Debt | — | — | — | — | — | — | — | $0 | $0 | $350k | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($27.5m) | ($7.7m) | $0 | $350k | $350k | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($27.5m) | ($7.7m) | $0 | $350k | $350k | |
| Repayment Of Debt | — | — | — | — | — | — | ($27.5m) | ($7.7m) | $0 | $0 | $0 | |
| Short Term Debt Issuance | — | — | — | — | — | — | — | $0 | $0 | $350k | $350k | |
| Short Term Debt Payments | — | — | — | — | — | — | ($27.5m) | ($7.7m) | $0 | $0 | $0 | |
| Payments for Repurchase of Common Stock | — | — | $1.3m | $2.7m | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | $20 | — | — | — | — | — | — | — | $0 | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $139.3m | $195.9m | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $139.3m | $195.9m | $0 | $0 | |
| Net cash provided by (used in) financing activities from continuing operations | — | — | $51.4m |
($8.2m)
-115.97%
|
($9.1m)
-10.59%
|
$34.8m
+483.30%
|
($27.5m)
-179.11%
|
$131.7m
+578.50%
|
$195.9m
+48.79%
|
— | $350k | |
| Net cash provided by financing activities from discontinued operations | — | — | ($51.4m) |
$6.7m
+112.94%
|
$37k
-99.44%
|
$25.7m
+69419.73%
|
— | — | — | — | $350k | |
| Net Cash Provided by (Used in) Financing Activities | $4.3m |
$47.5m
+1007.95%
|
($29k)
-100.06%
|
($4.0m)
-13397.63%
|
($9.0m)
-127.91%
|
$34.8m
+484.87%
|
($27.5m)
-179.11%
|
$131.7m
+578.50%
|
$195.9m
+48.79%
|
— | $350k | |
| NET INCREASE (DECREASE) IN CASH | $11.4m | $113.4m | ($75.3m) | ($46.4m) | $4.2m | $6.8m | ($12.7m) | $77.0m | $90.0m | |||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($75.3m) | ($46.4m) | $4.2m | $6.8m | ($12.7m) | $77.0m | $90.0m | — | $171k | |
| CASH AND CASH EQUIVALENTS – beginning of year | $19.2m | $132.6m | $57.4m | $10.9m | $15.1m | $21.9m | $9.2m | $86.2m | $176.2m | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $21.9m | $9.2m | $86.2m | $176.2m | $176.2m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $57.4m | $10.9m | — | $21.9m | $9.2m | $86.2m | $176.2m | — | $171k | |
| EFFECT OF EXCHANGE RATE CHANGE ON CASH | ($777k) | $5.8m | ($5.4m) | $609k | $3.2m | $608k | ($437k) | ($1.3m) | ($1.1m) | |||
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($437k) | ($1.3m) | ($1.1m) | ($153k) | ($153k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $2.4m | $2.1m | $677k | $337k | $112k | — | — | — | |
| Income Taxes Paid, Net | $301k | $1.0m | $12.2m | $3.2m | $10k | $39k | $337k | $25k | $3k | $2k | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | — | — | $3.2m | — | — | ($396k) | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | ($6.4m) | — | $11.8m | ($4k) | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | — | ($592k) | ($26) | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | $0 | — | — | — | — | — | — | |
| General and Administrative Expense | — | $5.8m | $9.9m | $26.5m | $27.2m | $15.0m | $15.5m | $8.6m | $3.6m | — | — | |
| Goodwill | — | — | — | — | — | — | — | — | $10.8m | — | $16.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | ($16.9m) | ($13.1m) | ($9.1m) | ($135.5m) | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | ($31.6m) | ($16.8m) | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | $11.8m | ($400k) | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | ($3.3m) | — | $11.8m | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $11.0m | $1.9m | $4.3m | $483k | $131k | $18k | $25k | ($30.8m) | — | — | |
| Operating Expenses | — | $31.4m | — | — | — | $16.9m | $15.5m | $8.8m | $166.0m | — | — | |
| Operating Lease, Expense | — | — | — | $2.0m | $399k | $467k | — | — | $11k | — | — | |
| Proceeds from Contributed Capital | — | — | — | $124k | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | $4.5m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | — | $1.2m | $282k | $5 | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $82.6m | $19.0m | — | $6.3m | $13.2m | — | — | — | — | |
| Loss from disposal of discontinued operations | — | — | — | — | ($3.2m) | — | — | $396k | — | — | — | |
| (Recovery of) Provision for doubtful accounts | — | — | $1.1m | $16.1m | — | — | $8.3m | $7.4m | ($100k) | — | — | |
| Operating lease liabilities | — | — | — | $754k | ($787k) | — | — | — | $82k | — | — | |
| Contract liabilities | — | — | $301k | ($65k) | — | — | $194k | $221k | $9.9m | — | — | |
| Taxes payable | $2.2m | $14.7m | ($9.4m) | ($2.6m) | $337k | ($184k) | $3k | ($22k) | ($41k) | — | — | |
| Cash paid for loan originations | — | ($34.7m) | ($123.5m) | ($6.1m) | — | ($20.0m) | ($1.5m) | — | ($35.5m) | — | — | |
| Cah paid in connection with acquisition | — | — | — | — | — | — | — | ($56.2m) | ($93.8m) | — | — | |
| Cash received from loan repayments | — | $7.5m | $72.9m | $33.8m | $407k | $41k | $20.0m | $1.5m | $23.5m | — | — | |
| Repayments of loans due to related parties | ($5.9m) | — | — | — | — | — | ($27.5m) | ($7.7m) | — | — | — | |
| Proceeds from private placement, net of offering costs | $2.0m | — | — | — | — | $10.0m | — | $139.3m | $195.9m | — | — | |
| Less: cash and cash equivalents of discontinued operations at end of period | — | — | — | — | $13.6m | $3.5m | $1.3m | $1.0m | — | — | — | |
| Cash and cash equivalents of continuing operations, at end of period | $19.2m | $132.6m | — | — | — | $18.4m | $7.9m | $85.2m | $176.2m | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($27.5m) | $131.7m | $195.9m | $350k | $350k | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $18.5m | ($54.7m) | ($105.9m) | ($163.5m) | ($163.5m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Change In Account Payable | — | — | — | — | — | — | $713k | $166k | $417k | $313k | $313k | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($12.7m) | $77.0m | $90.0m | ($176.1m) | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $3k | ($22k) | ($41k) | $59k | $59k | |
| Change In Interest Payable | — | — | — | — | — | $0 | — | $0 | $0 | $527 | $527 | |
| Change In Other Working Capital | — | — | — | — | — | — | $194k | $221k | $9.9m | ($5.8m) | ($5.8m) | |
| Change In Payable | — | — | — | — | — | — | $716k | $144k | $377k | $372k | $313k | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($95k) | ($131k) | ($6.4m) | ($5.4m) | ($5.4m) | |
| Change In Tax Payable | — | — | — | — | — | — | $3k | ($22k) | ($41k) | $59k | $59k | |
| Changes In Cash | — | — | — | — | — | — | ($12.3m) | $78.3m | $91.1m | ($175.9m) | ($175.9m) | |
| End Cash Position | — | — | — | — | — | — | $9.2m | $86.2m | $176.2m | $171k | $171k | |
| Financing Cash Flow | — | — | — | — | — | — | ($27.5m) |
$131.7m
+578.50%
|
$195.9m
+48.79%
|
$350k
-99.82%
|
$350k
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($3.3m) | $1.4m | $1.0m | ($188.5m) | ($188.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | $18.5m | ($54.7m) | ($105.9m) | ($163.5m) | ($163.5m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($56.2m) | ($93.8m) | $0 | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | — | $0 | $0 | ($175.7m) | ($175.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($154k) | ($2k) | ($2k) | |
| Other Non Cash Items | — | — | — | — | — | — | — | $396k | ($99k) | $84k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $0 | $0 | — | — | — | $282k | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $8.3m | $7.4m | ($100k) | $109k | $109k | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($56.2m) | ($93.8m) | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | — | $0 | $0 | ($175.7m) | ($175.7m) | |
| Purchase Of PPE | — | $456k | $945k | $315k | $200k | $5k | $0 | $0 | ($154k) | ($2k) | ($175.7m) | |
| Stock Based Compensation | — | — | — | — | — | $392k | $0 | $0 | — | — | $347k |