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 V Group.
Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | November 30, 2013 | November 30, 2005 | November 30, 2004 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $369.41K | $66.01K | $52.14K | $195.13K | $1.06M | $1.03M | $520.08K | $- | $- | $- |
| Cost of Revenue | $301.42K | $56.57K | $46.16K | $137.21K | $802.89K | $856.07K | $423.69K | $- | $- | $- |
| Gross Profit | $67.99K | $9.45K | $5.98K | $57.93K | $253.44K | $174.56K | $96.39K | $- | $- | $- |
| Gross Profit Ratio | 18.41% | 14.31% | 11.47% | 29.69% | 23.99% | 16.94% | 18.53% | 0.00% | 0.00% | 0.00% |
| Research and Development Expenses | $- | $- | $- | $- | $23.18K | $27.62K | $8.90K | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $63.61K | $119.26K | $171.16K | $92.95K | $88.48K | $98.31K | $218.05K | $5 | $9.29K | $34.21K |
| Other Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $63.61K | $119.26K | $171.16K | $92.95K | $111.66K | $125.92K | $226.95K | $5 | $9.29K | $98.71K |
| Cost and Expenses | $365.03K | $175.82K | $217.31K | $230.16K | $914.55K | $982.00K | $650.64K | $5 | $9.29K | $98.71K |
| Interest Income | $- | $- | $- | $- | $- | $- | $- | $3 | $- | $- |
| Interest Expense | $- | $- | $- | $- | $- | $- | $- | $- | $- | $7.76K |
| Depreciation and Amortization | $228.49K | $236.56K | $206.30K | $171.86K | $- | $- | $- | $5 | $- | $16.12K |
| EBITDA | $4.38K | $-109.81K | $-165.17K | $-35.02K | $141.78K | $48.63K | $-130.55K | $- | $-9.29K | $-34.21K |
| EBITDA Ratio | 1.19% | -166.34% | -316.81% | -17.95% | 13.42% | 4.72% | -25.10% | 0.00% | - | - |
| Operating Income | $4.38K | $-109.81K | $-165.17K | $-35.02K | $141.78K | $48.63K | $-130.55K | $-5 | $-9.29K | $-98.71K |
| Operating Income Ratio | 1.19% | -166.34% | -316.81% | -17.95% | 13.42% | 4.72% | -25.10% | - | - | - |
| Total Other Income Expenses Net | $4 | $- | $- | $- | $- | $- | $-4 | $-3 | $- | $- |
| Income Before Tax | $4.38K | $-109.81K | $-165.17K | $-35.02K | $141.78K | $48.63K | $-130.55K | $-8 | $- | $- |
| Income Before Tax Ratio | 1.19% | -166.34% | -316.81% | -17.95% | 13.42% | 4.72% | -25.10% | - | 0.00% | 0.00% |
| Income Tax Expense | $-228.49K | $-236.56K | $-206.30K | $-171.86K | $- | $- | $- | $-3 | $14.65K | $56.13K |
| Net Income | $4.38K | $-109.81K | $-165.17K | $-35.02K | $141.78K | $48.63K | $-130.55K | $-8 | $-14.65K | $-106.47K |
| Net Income Ratio | 1.19% | -166.34% | -316.81% | -17.95% | 13.42% | 4.72% | -25.10% | - | - | - |
| EPS | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $-0.04 | $0.00 | $-1.26 |
| EPS Diluted | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $-0.04 | $0.00 | $-1.26 |
| Weighted Average Shares Outstanding | 3.78B | 3.78B | 3.18B | 3.18B | 2.13B | 1.98B | 1.29B | 197 | - | 84.30K |
| Weighted Average Shares Outstanding Diluted | 3.78B | 3.78B | 3.18B | 3.18B | - | - | 1.29B | 197 | - | 84.30K |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | November 30, 2013 | November 30, 2005 | November 30, 2004 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $140.21K | $181.47K | $155.59K | $189.86K | $290.07K | $111.11K | $10.91K | $- | $- | $- |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $140.21K | $181.47K | $155.59K | $189.86K | $290.07K | $111.11K | $10.91K | $- | $- | $- |
| Net Receivables | $- | $- | $0 | $93.85K | $63.30K | $43.40K | $44.40K | $- | $- | $- |
| Inventory | $71.23K | $30.59K | $126.12K | $142.79K | $151.88K | $118.62K | $149.50K | $- | $- | $- |
| Other Current Assets | $5.00K | $- | $5.32K | $8.18K | $11.20K | $2.43K | $10.12K | $- | $- | $- |
| Total Current Assets | $216.44K | $212.06K | $287.03K | $434.69K | $516.45K | $275.56K | $214.93K | $- | $- | $- |
| Property Plant Equipment Net | $1.69K | $1.69K | $17.23K | $9.73K | $2.95K | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $3.83K | $3.83K | $3.83K | $3.83K | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $3.83K | $3.83K | $3.83K | $3.83K | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $71.82K | $71.82K | $71.82K | $71.82K | $12.50K | $40.00K | $27.50K | $- | $- | $- |
| Tax Assets | $- | $- | $- | $-1 | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $836.88K | $836.88K | $807.63K | $815.13K | $218.88K | $1.91K | $1.91K | $- | $- | $- |
| Total Non-Current Assets | $914.21K | $914.21K | $900.51K | $900.51K | $234.33K | $41.91K | $29.41K | $- | $- | $- |
| Other Assets | $- | $- | $- | $1 | $1 | $1 | $1 | $- | $- | $- |
| Total Assets | $1.13M | $1.13M | $1.19M | $1.34M | $750.79K | $317.47K | $244.34K | $- | $- | $- |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $252 | $225.41K | $212.96K |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $14 | $20.00K | $20.00K |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $0 | $13.66K | $11.46K |
| Total Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $267 | $259.08K | $244.42K |
| Long Term Debt | $19.50K | $19.50K | $59.00K | $59.00K | $149.76K | $78.42K | $59.92K | $8 | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $12.50K | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $19.50K | $19.50K | $59.00K | $59.00K | $162.26K | $78.42K | $59.92K | $8 | $- | $- |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $19.50K | $19.50K | $59.00K | $59.00K | $162.26K | $78.42K | $59.92K | $274 | $259.08K | $244.42K |
| Preferred Stock | $489.50K | $489.50K | $489.50K | $489.50K | $2.00K | $- | $- | $- | $- | $- |
| Common Stock | $378.38K | $378.38K | $318.13K | $318.13K | $213.06K | $- | $- | $2 | $708 | $708 |
| Retained Earnings | $17.13K | $12.74K | $122.56K | $287.73K | $322.75K | $148.99K | $100.36K | $-4.46K | $-4.05M | $-4.03M |
| Accumulated Other Comprehensive Income Loss | $-378.38K | $-378.38K | $-318.13K | $-318.13K | $-213.06K | $40.00K | $40.00K | $- | $-100.00K | $-100.00K |
| Other Total Stockholders Equity | $604.52K | $604.52K | $516.49K | $498.97K | $263.78K | $50.06K | $44.06K | $4.19K | $3.89M | $3.89M |
| Total Stockholders Equity | $1.11M | $1.11M | $1.13M | $1.28M | $588.53K | $239.05K | $184.42K | $-274 | $-259.08K | $-244.42K |
| Total Equity | $1.11M | $1.11M | $1.13M | $1.28M | $588.53K | $239.05K | $184.42K | $-274 | $-259.08K | $-244.42K |
| Total Liabilities and Stockholders Equity | $1.13M | $1.13M | $1.19M | $1.34M | $750.79K | $317.47K | $244.34K | $- | $- | $- |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $1.13M | $1.13M | $1.19M | $1.34M | $750.79K | $317.47K | $244.34K | $- | $- | $- |
| Total Investments | $71.82K | $71.82K | $71.82K | $71.82K | $12.50K | $40.00K | $27.50K | $- | $- | $- |
| Total Debt | $19.50K | $19.50K | $59.00K | $59.00K | $149.76K | $78.42K | $59.92K | $22 | $20.00K | $20.00K |
| Net Debt | $-120.71K | $-161.97K | $-96.59K | $-130.86K | $-140.32K | $-32.69K | $49.00K | $22 | $20.00K | $20.00K |
Cash Flow Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | November 30, 2013 | November 30, 2005 | November 30, 2004 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $4.38K | $-109.81K | $-165.17K | $-35.02K | $141.78K | $48.63K | $-130.55K | $-8 | $-14.65K | $-106.47K |
| Depreciation and Amortization | $- | $- | $- | $- | $- | $- | $- | $- | $- | $16.12K |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $-45.64K | $100.85K | $113.39K | $-18.45K | $-31.38K | $39.56K | $85.82K | $- | $12.45K | $6.09K |
| Accounts Receivables | $- | $- | $93.85K | $-30.55K | $-16.14K | $1.00K | $81.41K | $- | $- | $- |
| Inventory | $-40.64K | $95.52K | $16.68K | $9.09K | $-11.08K | $30.88K | $13.79K | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $-5.00K | $5.32K | $2.86K | $3.01K | $-4.16K | $7.68K | $-9.38K | $- | $- | $- |
| Other Non Cash Items | $- | $-95.52K | $-110.53K | $21.46K | $27.22K | $-31.88K | $-95.20K | $8 | $- | $48.37K |
| Net Cash Provided by Operating Activities | $-41.26K | $-8.96K | $-51.79K | $-53.47K | $110.40K | $88.20K | $-44.73K | $- | $-2.20K | $-35.88K |
| Investments in Property Plant and Equipment | $- | $-29.25K | $- | $-606.86K | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $15.55K | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $-59.32K | $- | $-12.50K | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $1.70K | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $-13.70K | $- | $-666.18K | $1.70K | $-12.50K | $- | $- | $- | $- |
| Debt Repayment | $- | $-39.50K | $- | $-69.50K | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $60.25K | $- | $592.58K | $- | $- | $- | $- | $- | $30.00K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $- | $27.79K | $17.52K | $74.36K | $61.62K | $24.50K | $48.50K | $- | $2.20K | $4.46K |
| Net Cash Used Provided by Financing Activities | $- | $48.53K | $17.52K | $597.43K | $61.62K | $24.50K | $48.50K | $- | $2.20K | $34.46K |
| Effect of Forex Changes on Cash | $- | $1 | $- | $22.00K | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-41.26K | $25.87K | $-34.27K | $-100.22K | $178.96K | $100.20K | $3.77K | $- | $- | $-1.42K |
| Cash at End of Period | $140.21K | $181.47K | $155.59K | $189.86K | $290.07K | $111.11K | $10.91K | $- | $- | $- |
| Cash at Beginning of Period | $181.47K | $155.59K | $189.86K | $290.07K | $111.11K | $10.91K | $7.14K | $- | $- | $1.42K |
| Operating Cash Flow | $-41.26K | $-8.96K | $-51.79K | $-53.47K | $110.40K | $88.20K | $-44.73K | $- | $-2.20K | $-35.88K |
| Capital Expenditure | $- | $-29.25K | $- | $-606.86K | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-41.26K | $-38.21K | $-51.79K | $-660.33K | $110.40K | $88.20K | $-44.73K | $- | $-2.20K | $-35.88K |