READEN HOLDING CORP. Annual Report 2022-Q4
READEN HOLDING CORP.
CONSOLIDATED BALANCE SHEET
FOR THE YEAR ENDED JUNE 30, 2022
(unaudited)
As at | As at | ||
30/6/2022 | 30/6/2021 | ||
ASSETS in US dollars | |||
Current assets | |||
Cash and cash equivalents | 13,229 | 11,441 | |
Accounts receivable | 473,204 | 14,756,772 | |
Inventory | 137,700 | 164,090 | |
Note receivable - related party | 97,787 | 78,787 | |
Interest receivable | 738,444 | 1,338,292 | |
Current Taxes | 12,902 | 12,902 | |
Other current assets | 120,345 | 132,756 | |
Total current assets | 1,593,611 | 16,495,040 | |
Other assets | |||
Property and equipment, net | 104,316 | 93,410 | |
Goodwill | 12,250,000 | - | |
Investment in Angelo Mermer | 2,562,266 | 162,266 | |
Intangible assets | 782,340 | 512,745 | |
Deposits | 45,196 | 63,260 | |
Loan receivables | 4,286,771 | 8,001,136 | |
Loan to related parties | 313,033 | 138,592 | |
Interest in TNMD | 119,240 | 1,312,224 | |
Total other assets | 20,463,162 | 10,283,633 | |
Total assets | 22,056,773 | 26,778,673 | |
Annual Report 2022-Q4
READEN HOLDING CORP.
CONSOLIDATED BALANCE SHEET
FOR THE YEAR ENDED JUNE 30, 2022
(unaudited)
As at | As at | ||
30/6/2022 | 30/6/2021 | ||
LIABILITIES AND STOCKHOLDERS' EQUITY | |||
Current liablities | |||
Accounts payable | 986,548 | 3,401,314 | |
Interest payable | 387,833 | 763,766 | |
Advances payable - related parties | 421,177 | 109,310 | |
Loan to related parties | 712,120 | 580,000 | |
Loan to directors | 231,593 | 265,318 | |
Director fees payable | - | 14,160 | |
Loans payable | 227,578 | 378,334 | |
Notes payable | 158,111 | 158,111 | |
Other current liablities | 82,662 | 163,402 | |
Total current liablities | 3,207,622 | 5,833,715 | |
Other liabilities | |||
Loans payable, net of current portion | 3,105,002 | 4,980,959 | |
Other non-current liablities | 31,533 | 4,878 | |
3,136,535 | 4,985,837 | ||
Total liabilities | 6,344,157 | 10,819,552 | |
Stockholders' Equity | |||
Convertible preferred stock | 1,000 | 767 | |
Common Stock | 12,519,327 | 14,175,476 | |
Additional paid-in capital | 1,094,500 | 644,500 | |
Exchange reserve | 71,275 | 71,275 | |
Subordinated loan Non-controlling interest | 1,108,058 | 908,058 | |
Non controlling interest provision | 596,324 | 596,324 | |
Valuation reserve | 1,580,572 | - | |
Retained earnings previous periods | (437,279) | (2,290,561) | |
Retained earnings this period | (821,161) | 1,853,282 | |
Total Stockholders' equity | 15,712,616 | 15,959,121 | |
Total liabilities + Total Stockholders' equity | 22,056,773 | 26,778,673 | |
Annual Report 2022-Q4 | |||
READEN HOLDING CORP. | |||
CONSOLIDATED STATEMENT OF OPERATIONS | |||
FOR THE YEAR ENDED JUNE 30, 2022 | |||
(unaudited) | |||
As at | As at | ||
30/6/2022 | 30/6/2021 | ||
Revenue | 7,648,389 | 1,998,723 | |
Cost of goods sold | 6,733,552 | 663,885 | |
Gross profit | 914,837 | 1,334,838 | |
Operting expenses | 437,719 | 294,503 | |
General and administrative expenses | 176,237 | 799,574 | |
Total operating expenses | 613,956 | 1,094,077 | |
Income (loss) from operations | |||
300,881 | 240,761 | ||
Profit attributable from an associate | |||
Other income / (expense) | |||
Finance costs | (123,337) | (149,583) | |
Income tax | (7,328) | (26,585) | |
Revaluation of assets | 140,315 | (452,258) | |
TNMD transcation | - | 1,312,224 | |
TNMD loss on share price | (1,180,224) | - | |
Foreign exchange gain/ loss | (39,699) | (7,409) | |
Other income/ loss | 88,231 | 936,132 | |
Total other income/ (expense) | (1,122,042) | 1,612,521.00 | |
Tax | - | - | |
Net income (loss) | |||
(821,161) | 1,853,282 | ||
Annual Report 2022-Q4
READEN HOLDING CORP.
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED JUNE 30, 2022
(unaudited)
Cash flows from operation activities | |||
Net Income (loss) | (821,161) | ||
Depreciation and amortization | |||
------------------------- (821,161) | |||
Changes in operating assets and liabilities: | |||
Accounts receivable | Decrease | (14,283,568) | |
Inventory | Decrease | (26,390) | |
Note receivable - related party | Increase | 19,000 | |
Interest receivable | Decrease | (599,848) | |
Current taxes | - | ||
Other current assets | Decrease | (12,411) | |
Decrease | ------------------------- (14,903,217) | ||
Property and equipment | Increase | 10,906 | |
Goodwill | Increase | 12,250,000 | |
Investment in Angelo Mermer | Increase | 2,400,000 | |
Intangible assets | Increase | 269,595 | |
Deposits | Decrease | (18,064) | |
Loan recaivables | Decrease | (3,714,365) | |
Loan to related parties | Increase | 174,441 | |
Investment in TNMD | Decrease | (1,192,984) | |
Increase | ------------------------- 10,179,529 | ||
Accounts payable | Decrease | (2,414,766) | |
Interest payable | Decrease | (375,933) | |
Advances payable related parties | Increase | 311,867 | |
Loan to related parties | Increase | 132,120 | |
Loan to directors | Decrease | (33,725) | |
Director fees payable | Decrease | (14,160) | |
Loans payable | Decrease | (150,756) | |
Notes payable | - | ||
Other current liabilities | Decrease | (80,740) | |
Decrease | ------------------------- (2,626,093) | ||
Loans payable, net of current portion | Decrease | (1,875,957) | |
Other non current liabilities | Increase | 26,655 | |
Decrease | ------------------------- (1,849,302) | ||
Change in subordinated loan non-controlling interest | Increase | 200,000 | |
Change in valuation reserve | Increase | 1,580,572 | |
Cash flows from finacning activities | |||
Change in Capital | Decrease | (1,205,916) | |
Net change in cash and cash equivalent | 1,788 | ||
Cash and cash equivalent at beginning of period | 11,441 | ||
Cash and cash equivalent at end of period | 13,229 | ||
READEN HOLDING CORP
CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY
FOR THE YEAR ENDED JUNE 30, 2022
(unaudited)
Additional | ||||||||||
Paid-in | ||||||||||
Preferred Stock Series | Capital and | Non- | ||||||||
D | Common Stock | other | Exchange | Accumulated | Shareholders' | controlling | ||||
Shares | Par Value $ | Shares | Par Value $ | Reserve | Reserve | (loss)/Profits | Equity | Interest | Total Equity | |
As at July 1, 2021 | 766,667 | 767 | 324,267,074 | 14,175,476 | 644,500 | 71,275 | (437,279) | 15,959,121 | 0 | 15,959,121 |
Exchange difference | 0 | |||||||||
Shares issued via Private Placement | 19,391,069 | |||||||||
Shares issused preferred | 233,333 | 233 | ||||||||
Shares cancelled | (9,810,000) | |||||||||
Additional paid-in capital | 450,000 | |||||||||
Net Profit for the year ended | ||||||||||
June 30, 2022 | (821,161) | |||||||||
As at March 31, 2021 | ||||||||||
1,000,000 | 1,000 | 333,848,143 | 12,519,327 | 1,094,500 | 71,275 | (1,258,440) | 15,712,616 | 0 | 15,712,616 | |
Q4-2022 Report Annual
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Readen Holding Corp. published this content on 26 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 August 2022 07:20:07 UTC.
