Value Exchange International (VEII) Financial Statements
Price: $0.022
Market Cap: $957.02K
Avg Volume: 2.84K
Market Cap: $957.02K
Avg Volume: 2.84K
Country: HK
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Value Exchange International.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.03M | $10.92M | $9.98M | $20.55M | $8.31M | $7.97M | $6.46M | $4.00M | $3.74M | $3.59M |
| Cost of Revenue | $10.85M | $9.23M | $7.30M | $18.50M | $6.54M | $6.55M | $5.01M | $2.87M | $3.26M | $2.29M |
| Gross Profit | $1.18M | $1.70M | $2.68M | $2.05M | $1.77M | $1.43M | $1.44M | $1.13M | $479.36K | $1.30M |
| Gross Profit Ratio | 9.84% | 15.52% | 26.90% | 9.99% | 21.26% | 17.91% | 22.34% | 28.22% | 12.83% | 36.13% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.87M | $2.00M | $2.13M | $1.87M | $1.89M | $1.48M | $1.27M | $1.07M | $1.12M | $909.08K |
| Selling and Marketing Expenses | $21.40K | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.89M | $2.00M | $2.13M | $1.87M | $1.89M | $1.48M | $1.27M | $1.07M | $1.12M | $909.08K |
| Other Expenses | $-17.38K | $-102.45K | $-30.66K | $-111.56K | $-20.51K | $206.25K | $-58.60K | $63.34K | $- | $- |
| Operating Expenses | $7.88M | $1.90M | $2.10M | $1.76M | $1.87M | $1.46M | $1.25M | $1.07M | $1.12M | $909.08K |
| Cost and Expenses | $18.72M | $11.13M | $9.40M | $20.26M | $8.42M | $8.00M | $6.27M | $3.94M | $4.37M | $3.20M |
| Interest Income | $760 | $639 | $751 | $5.52K | $505 | $364 | $222 | $239 | $189 | $171 |
| Interest Expense | $276.79K | $34.46K | $17.28K | $30.66K | $21.78K | $11.82K | $17.20K | $24.73K | $18.47K | $488 |
| Depreciation and Amortization | $748.06K | $566.44K | $527.09K | $555.19K | $223.44K | $199.84K | $175.09K | $56.04K | $52.76K | $52.82K |
| EBITDA | $-5.79M | $693.30K | $1.11M | $851.35K | $116.25K | $170.86K | $295.72K | $169.86K | $-457.90K | $480.83K |
| EBITDA Ratio | -48.14% | 5.18% | 13.26% | 5.14% | 3.63% | 4.73% | 4.71% | 2.92% | -15.62% | 12.28% |
| Operating Income | $-6.69M | $-194 | $795.55K | $500.78K | $78.25K | $-11.67K | $61.49K | $63.52K | $-642.93K | $379.75K |
| Operating Income Ratio | -55.62% | -0.00% | 7.97% | 2.44% | 0.94% | -0.15% | 0.95% | 1.59% | -17.20% | 10.58% |
| Total Other Income Expenses Net | $-4.08K | $271.15K | $229.77K | $-95 | $184.16K | $206.21K | $1.65K | $25.57K | $113.80K | $220.17K |
| Income Before Tax | $-6.70M | $77.39K | $764.53K | $126.23K | $64.85K | $194.54K | $63.14K | $89.09K | $-529.13K | $599.92K |
| Income Before Tax Ratio | -55.65% | 0.71% | 7.66% | 0.61% | 0.78% | 2.44% | 0.98% | 2.23% | -14.16% | 16.72% |
| Income Tax Expense | $39.77K | $74.03K | $87.13K | $20.73K | $11.42K | $-10.62K | $-7.80K | $35.20K | $13.54K | $143.98K |
| Net Income | $-6.71M | $3.37K | $677.40K | $105.50K | $53.44K | $205.16K | $70.93K | $53.89K | $-542.68K | $455.94K |
| Net Income Ratio | -55.76% | 0.03% | 6.79% | 0.51% | 0.64% | 2.57% | 1.10% | 1.35% | -14.52% | 12.71% |
| EPS | $-0.18 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $-0.02 | $0.02 |
| EPS Diluted | $-0.18 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $-0.02 | $0.02 |
| Weighted Average Shares Outstanding | 38.25M | 36.16M | 34.35M | 29.66M | 29.66M | 29.66M | 29.66M | 29.66M | 28.72M | 26.57M |
| Weighted Average Shares Outstanding Diluted | 38.25M | 36.16M | 34.35M | 29.66M | 29.66M | 29.66M | 29.66M | 29.66M | 28.72M | 26.57M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $886.47K | $208.78K | $289.40K | $523.34K | $234.09K | $729.07K | $23.06K | $448.05K | $434.34K | $101.72K |
| Short Term Investments | $160.76K | $108.15K | $91.50K | $98.36K | $- | $- | $- | $200.00K | $200.00K | $- |
| Cash and Short Term Investments | $886.47K | $208.78K | $289.40K | $523.34K | $234.09K | $729.07K | $23.06K | $448.05K | $434.34K | $101.72K |
| Net Receivables | $2.27M | $3.75M | $2.50M | $1.87M | $1.31M | $1.18M | $1.44M | $451.12K | $870.78K | $2.31M |
| Inventory | $- | $225.66K | $389.26K | $238.15K | $219.59K | $140.60K | $21.49K | $- | $- | $1 |
| Other Current Assets | $623.41K | $256.36K | $314.65K | $488.19K | $257.17K | $148.78K | $544.08K | $283.28K | $87.93K | $346.88K |
| Total Current Assets | $3.78M | $4.44M | $3.49M | $3.12M | $2.02M | $2.20M | $1.64M | $1.97M | $1.83M | $2.48M |
| Property Plant Equipment Net | $1.23M | $1.05M | $985.75K | $942.08K | $1.18M | $426.27K | $369.77K | $178.62K | $138.46K | $114.35K |
| Goodwill | $206.81K | $206.81K | $206.81K | $206.81K | $206.81K | $206.81K | $206.81K | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $66.88K | $133.76K | $- | $- | $- |
| Goodwill and Intangible Assets | $206.81K | $206.81K | $206.81K | $206.81K | $206.81K | $273.69K | $340.57K | $- | $- | $- |
| Long Term Investments | $- | $-38.11K | $-44.04K | $-71.68K | $-56.05K | $-144.08K | $-32.67K | $- | $- | $- |
| Tax Assets | $- | $38.11K | $44.04K | $71.68K | $56.05K | $40.76K | $32.67K | $- | $- | $- |
| Other Non-Current Assets | $- | $38.11K | $44.04K | $71.68K | $56.05K | $144.08K | $32.67K | $- | $- | $- |
| Total Non-Current Assets | $1.44M | $1.30M | $1.24M | $1.22M | $1.44M | $740.73K | $743.01K | $178.62K | $138.46K | $114.35K |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.22M | $5.74M | $4.73M | $4.34M | $3.46M | $2.94M | $2.38M | $2.15M | $1.97M | $2.59M |
| Account Payables | $1.62M | $867.42K | $689.53K | $1.04M | $685.15K | $704.91K | $499.88K | $255.85K | $28.14K | $147.36K |
| Short Term Debt | $1.93M | $1.46M | $297.79K | $646.25K | $370.65K | $1.93K | $31.88K | $10.00K | $- | $- |
| Tax Payables | $1.47M | $29.14K | $86.86K | $94.67K | $33.41K | $18.26K | $151.32K | $937 | $41.06K | $- |
| Deferred Revenue | $778.13K | $291.17K | $236.61K | $254.94K | $255.75K | $571.54K | $200.27K | $653.69K | $443.89K | $157.07K |
| Other Current Liabilities | $2.77M | $669.34K | $881.03K | $750.57K | $552.76K | $706.12K | $731.01K | $624.69K | $886.13K | $1.68M |
| Total Current Liabilities | $7.01M | $3.32M | $2.19M | $2.73M | $1.90M | $2.00M | $1.61M | $1.55M | $1.40M | $1.99M |
| Long Term Debt | $1.53M | $160.24K | $189.87K | $340.06K | $478.64K | $- | $1.93K | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $-4.82K | $-2.21K | $- | $- | $- | $-42.60K | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $4.89K | $4.82K | $2.21K | $- | $- | $20.40K | $42.60K | $- | $4.63K | $6.68K |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $1.54M | $165.06K | $192.07K | $340.06K | $478.64K | $20.40K | $44.53K | $909.54K | $4.63K | $6.68K |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $-909.54K | $- | $- |
| Total Liabilities | $8.55M | $3.49M | $2.38M | $3.07M | $2.38M | $2.02M | $1.66M | $1.55M | $1.40M | $2.00M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $435 | $362 | $362 | $297 | $297 | $297 | $297 | $297 | $297 | $270 |
| Retained Earnings | $-5.86M | $849.47K | $867.77K | $414.23K | $308.81K | $232.64K | $39.96K | $-30.98K | $-84.87K | $457.81K |
| Accumulated Other Comprehensive Income Loss | $-51.23K | $-65.15K | $20.66K | $109.78K | $72.67K | $-5.33K | $-9.27K | $-58.84K | $-36.95K | $-20.42K |
| Other Total Stockholders Equity | $2.48M | $1.34M | $1.34M | $690.59K | $690.59K | $690.59K | $690.59K | $690.59K | $690.59K | $158.63K |
| Total Stockholders Equity | $-3.43M | $2.13M | $2.23M | $1.21M | $1.07M | $918.19K | $721.57K | $601.07K | $569.08K | $596.28K |
| Total Equity | $-3.33M | $2.25M | $2.35M | $1.27M | $1.08M | $918.19K | $721.57K | $601.07K | $569.08K | $596.28K |
| Total Liabilities and Stockholders Equity | $5.22M | $5.74M | $4.73M | $4.34M | $3.46M | $2.94M | $2.38M | $2.15M | $1.97M | $2.59M |
| Minority Interest | $99.83K | $129.54K | $117.80K | $53.45K | $11.41K | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $5.22M | $5.74M | $4.73M | $4.34M | $3.46M | $2.94M | $2.38M | $2.15M | $1.97M | $2.59M |
| Total Investments | $160.76K | $108.15K | $91.50K | $98.36K | $-56.05K | $-144.08K | $-32.67K | $200.00K | $200.00K | $- |
| Total Debt | $3.46M | $1.62M | $487.66K | $682.62K | $849.29K | $1.93K | $33.81K | $10.00K | $320.51K | $- |
| Net Debt | $2.58M | $1.41M | $198.26K | $159.28K | $615.20K | $-727.14K | $10.75K | $-438.05K | $-113.83K | $-101.72K |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-6.73M | $3.37K | $677.40K | $105.50K | $53.44K | $205.16K | $70.93K | $53.89K | $-542.68K | $455.94K |
| Depreciation and Amortization | $748.06K | $566.44K | $527.09K | $555.19K | $223.44K | $199.84K | $175.09K | $56.04K | $52.76K | $52.82K |
| Deferred Income Tax | $38.18K | $8.54K | $29.85K | $-15.64K | $-35.68K | $-30.30K | $-54.87K | $37.68K | $-9.48K | $-28.20K |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $1.14M | $-1.06M | $-1.12M | $51.01K | $-757.66K | $593.76K | $-585.29K | $200.84K | $272.90K | $-453.04K |
| Accounts Receivables | $- | $-274.44K | $-259.18K | $174.12K | $-198.52K | $382.10K | $-341.25K | $-130.87K | $287.37K | $-607.62K |
| Inventory | $18.14K | $163.60K | $-151.11K | $-18.55K | $-78.99K | $-119.11K | $-2.79K | $-105.81K | $-182.05K | $-53.70K |
| Accounts Payables | $748.23K | $177.89K | $-348.98K | $353.37K | $-19.76K | $205.02K | $229.74K | $227.72K | $-119.23K | $84.55K |
| Other Working Capital | $374.53K | $-1.13M | $-356.24K | $-457.93K | $-460.40K | $125.75K | $-471.00K | $209.80K | $286.81K | $123.74K |
| Other Non Cash Items | $2.71M | $48.83K | $16.53K | $25.15K | $9.90K | $11.45K | $17.20K | $101.45K | $1.87K | $-35.97K |
| Net Cash Provided by Operating Activities | $-2.09M | $-436.36K | $135.36K | $724.42K | $-505.76K | $1.01M | $-364.93K | $348.45K | $-224.63K | $-8.44K |
| Investments in Property Plant and Equipment | $-43.27K | $-223.62K | $-326.58K | $-150.86K | $-89.75K | $-219.09K | $-186.96K | $-102.13K | $-80.97K | $-167.17K |
| Acquisitions Net | $- | $- | $18.60K | $25.50K | $34.85K | $9.81K | $85.79K | $- | $-200.00K | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $-200.00K | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $639 | $-17.85K | $-19.98K | $-34.35K | $10.17K | $222 | $-280.97K | $-200.00K | $- |
| Net Cash Used for Investing Activities | $-43.27K | $-222.98K | $-325.83K | $-145.34K | $-89.24K | $-208.92K | $-101.17K | $-102.13K | $-280.97K | $-167.17K |
| Debt Repayment | $2.80M | $996.95K | $-513.56K | $-321.88K | $23.13K | $-83.16K | $2.82K | $- | $- | $-33.34K |
| Common Stock Issued | $- | $- | $650.00K | $- | $- | $- | $- | $- | $512.85K | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $-169.29K | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $- | $18.60K | $10.34K | $-5.24K | $-4.83K | $- | $-216.64K | $852.50K | $191.68K |
| Net Cash Used Provided by Financing Activities | $2.80M | $610.83K | $-14.25K | $-311.55K | $17.89K | $-88.00K | $2.82K | $-216.64K | $852.50K | $210.58K |
| Effect of Forex Changes on Cash | $15.38K | $-32.11K | $-29.22K | $21.72K | $82.13K | $-7.74K | $38.30K | $-15.97K | $-14.29K | $66.75K |
| Net Change in Cash | $677.69K | $-80.62K | $-233.94K | $289.25K | $-494.98K | $706.01K | $-424.99K | $13.71K | $332.62K | $96.35K |
| Cash at End of Period | $886.47K | $208.78K | $289.40K | $523.34K | $234.09K | $729.07K | $23.06K | $448.05K | $434.34K | $101.72K |
| Cash at Beginning of Period | $208.78K | $289.40K | $523.34K | $234.09K | $729.07K | $23.06K | $448.05K | $434.34K | $101.72K | $5.37K |
| Operating Cash Flow | $-2.09M | $-436.36K | $135.36K | $724.42K | $-505.76K | $1.01M | $-364.93K | $348.45K | $-224.63K | $-8.44K |
| Capital Expenditure | $-43.27K | $-223.62K | $-326.58K | $-150.86K | $-89.75K | $-219.09K | $-186.96K | $-102.13K | $-80.97K | $-167.17K |
| Free Cash Flow | $-2.14M | $-659.98K | $-191.22K | $573.56K | $-595.51K | $791.58K | $-551.89K | $246.32K | $-305.60K | $-175.62K |