Hanryu Holdings Inc
For the period ended Dec 31, 2023. Filed Jul 16, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jul 16, 2024
GITS$1.53-1.3%Stored close · as of Nov 9, 2026
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Balance Sheets
December 31, 2023 and December 31, 2022
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and Cash Equivalents | $5,427,830 | $118,262 |
| Short-term loans receivable | 3,789,900 | 513,356 |
| Accounts receivable, net of allowance | 324,413 | 36 |
| Non-trade receivables | 171,892 | 1,848,740 |
| Prepaid expenses and other receivable | 7,903,035 | 360,518 |
| Current assets, discontinued operations | - | 269,067 |
| Total current assets | 17,617,070 | 3,109,979 |
| PROPERTY PLANT AND EQUIPMENT, NET | 629,185 | 253,090 |
| OPERATING LEASE RIGHT-OF-USE ASSET | 1,918,966 | 2,212,754 |
| OTHER ASSETS | 379,735 | 502,478 |
| Total Assets | $20,544,956 | $6,078,301 |
| LIABILITIES AND STOCKHOLDER’S DEFICIT | ||
| CURRENT LIABILITIES: | ||
| Short-term loans payable | $1,589,887 | $722,797 |
| Short-term loans payable from related parties | — | 259,593 |
| Non-trade accounts payable | 2,312,669 | 1,840,269 |
| Bonds with warrants, net | 3,489,995 | — |
| Accrued expenses and other current liabilities | 83,940 | 65,678 |
| Current liabilities, discontinued operations | - | 979,623 |
| Total current liabilities | 7,476,491 | 3,867,960 |
| BONDS WITH WARRANTS, NET | — | 3,550,856 |
| Total Liabilities | 7,476,491 | 7,418,816 |
| Commitments and contingencies (Note 16) | ||
| STOCKHOLDER’SDEFICIT: | ||
| Common Stock, $0.001 par value | ||
| Authorized 110,000,000 (common:100,000,000, preferred:10,000,000) shares; Issued and outstanding 52,808,589 common shares and 45,416,942 common shares as of December 31, 2023 and December 31, 2022* | 52,809 | 45,417 |
| Additional paid-in capital* | 51,415,476 | 27,578,666 |
| Accumulated deficit | (38,893,762) | (29,607,852) |
| Accumulated other comprehensive income | 493,942 | 879,420 |
| Equity(Deficit) attributable to equity holder of the Company | 13,068,465 | (1,104,349) |
| Non-controlling interests | — | (236,166) |
| Total Stockholders’ Equity(Deficit) | 13,068,465 | (1,340,515) |
| Total Liabilities and Stockholders’ Deficit | $20,544,956 | $6,078,301 |
| * | Retrospectively restated for effect of Change In Capital Structure |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.