CXJ GROUP CO Ltd
For the period ended May 31, 2022. Filed Jan 9, 2024.
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FY2022 · Filed Jan 9, 2024
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Consolidated Balance Sheets
As of May 31, 2022 and 2021 (as restated)
| 2022 | 2021 (as restated) | |
|---|---|---|
| Audited | Audited | |
| $ | $ | |
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash and cash equivalents | 827,144 | 340,109 |
| Accounts receivable | 60,122 | 8,477 |
| Prepayments, deposits and other receivables | 334,262 | 116,547 |
| Due from related parties | - | 43,500 |
| Inventories | 434,215 | 79,253 |
| Total Current Assets | 1,655,743 | 587,886 |
| NON-CURRENT ASSETS | ||
| Property, plant and equipment, net | 1,445 | - |
| Goodwill | 3,433,611 | 4,440,043 |
| Operating lease right-of-use assets | 78,586 | 88,624 |
| Total Non-current Assets | 3,513,642 | 4,528,667 |
| TOTAL ASSETS | 5,169,385 | 5,116,553 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES | ||
| Accounts payable | 214,504 | 233,516 |
| Advanced received, accrued expenses and other payables | 2,764,506 | 2,300,910 |
| \Due to related party | 22,489 | - |
| Amount due to directors | 158,384 | 114,935 |
| Operating lease liabilities, net of current portion | 54,116 | 52,407 |
| Total Current Liabilities | 3,213,999 | 2,701,768 |
| NON-CURRENT LIABILITIES | ||
| Operating lease liabilities, non-current portion | 21,543 | 35,879 |
| TOTAL LIABILITIES | 3,235,542 | 2,737,647 |
| STOCKHOLDERS’ EQUITY | ||
| Common stock, $0.001 par value, 490,000,000 and 490,000,000 shares authorized, 101,487,017 and 101,487,017 shares issued and outstanding as of May 31, 2022 and May 31, 2021 respectively | 101,487 | 101,487 |
| Additional paid-in capital | 4,031,665 | 4,031,665 |
| Accumulated other comprehensive income (loss) | (59,115) | (126,200) |
| Accumulated deficit | (2,169,499) | (1,628,046) |
| Total CXJ Group Stockholders’ Equity | 1,904,538 | 2,378,906 |
| Non-controlling interest | 29,305 | - |
| TOTAL STOCKHOLDERS’ EQUITY | 1,933,843 | 2,378,906 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | 5,169,385 | 5,116,553 |
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