Agape ATP Corp

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

About this filing

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 Apr 1, 2024

ATPC$1.25-3.1%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	As of December 31,
2023 · 2022
ASSETS
CURRENT ASSETS
Cash and cash equivalents (Included $122 and $1,609 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2023 and 2022, respectively.)	$4,832,460		$1,438,430
Accounts receivable, net	55,458		2,826
Other receivable	435		4,540
Amount due from related parties	11,093		10,534
Inventories	47,907		46,277
Prepaid taxes (Included $1,670 and $1,741 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2023 and 2022, respectively.)	21,993		339,367
Prepayments and deposits (Included $7 and $0 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2023 and 2022, respectively.)	215,806		186,560
Total Current Assets	5,185,152		2,028,534
OTHER ASSETS
Property and equipment, net	77,858		142,149
Intangible assets, net	17,458		24,044
Finance lease assets	86,335		-
Operating right-of-use assets	357,301		81,133
Investment in marketable securities	20,171		16,687
Deferred offering costs	-		499,202
Deferred tax assets	219		-
Total other assets	559,342		763,215
TOTAL ASSETS	$5,744,494		$2,791,749
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$55,585		$28,833
Accounts payable – related parties	34,848		25,611
Customer deposits	101,575		363,018
Operating lease liabilities, current	138,548		82,708
Other payables and accrued liabilities ($899 and $1,090 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of December 31, 2023 and 2022, respectively.)	726,061		713,277
Other payable – related parties	7,846		4,880
Finance lease liabilities, current	7,075		-
Income tax payable	-		10,968
Total Current Liabilities	1,071,538		1,229,295
NON-CURRENT LIABILITIES
Operating lease liabilities, non-current	$219,530	$	-
Finance lease liabilities, non-current	72,563		-
Total Non-current Liabilities	292,093		-
TOTAL LIABILITIES	$1,363,631		$1,229,295
COMMITMENTS AND CONTINGENCIES (Note 19)	-		-
STOCKHOLDERS’ EQUITY
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding	-		-
Common Stock, par value $0.0001; 1,000,000,000 shares authorized, 77,102,012 and 75,452,012 shares issued and outstanding as of December 31, 2023 and 2022, respectively.	7,711		7,545
Additional paid in capital	11,378,743		6,470,716
Treasury Stock, par value $0.0001; 135,300 and 0 shares as of December 31, 2023 and 2022, respectively.	(14)		-
Accumulated deficit	(7,047,571)		(4,945,586)
Accumulated other comprehensive income	30,215		9,266
TOTAL AGAPE CORPORATION STOCKHOLDERS’ EQUITY	4,369,084		1,541,941
NON-CONTROLLING INTERESTS	11,779		20,513
TOTAL EQUITY	4,380,863		1,562,454
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$5,744,494		$2,791,749

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