AGBA Group Holding Ltd
For the period ended Mar 31, 2024. Filed May 15, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 15, 2024
ILLR$0.18-23.0%Stored close · as of Oct 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Unaudited Condensed Consolidated Balance Sheets
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
| As of | ||
|---|---|---|
| March 31, 2024 | December 31, 2023 | |
| (Audited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $2,139,074 | $1,861,223 |
| Restricted cash | 15,588,916 | 16,816,842 |
| Accounts receivable, net | 1,749,981 | 2,970,636 |
| Accounts receivable, net, related parties | 892,394 | 1,094,225 |
| Loans receivable, net | 548,061 | 549,461 |
| Notes receivable, net | 412,360 | 557,003 |
| Deposit, prepayments, and other receivables | 1,776,069 | 1,769,582 |
| Total current assets | 23,106,855 | 25,618,972 |
| Non-current assets: | ||
| Rental deposit, net | 964,678 | 961,253 |
| Loans receivable, net | 1,073,444 | 1,054,841 |
| Property and equipment, net | 1,694,870 | 1,721,284 |
| Right-of-use asset, net | 11,027,961 | 11,508,153 |
| Long-term investments, net | 22,728,139 | 25,201,933 |
| Long-term investments, net, related party | 521,454 | 522,531 |
| Total non-current assets | 38,010,546 | 40,969,995 |
| TOTAL ASSETS | $61,117,401 | $66,588,967 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $17,896,780 | $19,754,041 |
| Escrow liabilities | 15,588,916 | 16,816,842 |
| Borrowings | 1,790,921 | 1,804,950 |
| Borrowings, related party | 5,000,000 | 5,000,000 |
| Amounts due to the holding company | 6,406,706 | 2,906,261 |
| Income tax payable | 138,554 | 328,720 |
| Lease liabilities | 1,246,496 | 1,229,329 |
| Total current liabilities | 48,068,373 | 47,840,143 |
| Long-term liabilities: | ||
| Lease liabilities | 10,304,995 | 10,646,053 |
| Total long-term liabilities | 10,304,995 | 10,646,053 |
| TOTAL LIABILITIES | 58,373,368 | 58,486,196 |
| Commitments and contingencies (Note 18) | ||
| Shareholders’ equity: | ||
| Ordinary shares, $0.001 par value; 200,000,000 shares authorized, 74,391,357 and 68,661,998 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 74,391 | 68,662 |
| Ordinary shares to be issued | 5,320 | 4,854 |
| Additional paid-in capital | 76,607,535 | 74,103,494 |
| Accumulated other comprehensive loss | (281,827) | (473,087) |
| Accumulated deficit | (73,661,386) | (65,601,152) |
| Total shareholders’ equity | 2,744,033 | 8,102,771 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $61,117,401 | $66,588,967 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.