Alset Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
AEI$0.49-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December 31, 2023 and 2022
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets: | ||
| Current Assets: | ||
| Cash and cash equivalents | $26,921,727 | $17,827,383 |
| Restricted Cash | 967,566 | 694,520 |
| Account Receivables, Net | 77,517 | 46,522 |
| Other Receivables, Net | 2,576,454 | 446,798 |
| Note Receivables - Related Parties, Net | 1,693,946 | 3,617,176 |
| Convertible Note Receivables at Fair Value – Related Party | 1,207,627 | - |
| Prepaid Expenses | 253,689 | 188,070 |
| Inventory | 5,561 | 35,020 |
| Investment in Securities at Fair Value | 2,148,500 | 6,288,236 |
| Investment in Securities at Fair Value - Related Party | 11,869,920 | 13,193,089 |
| Investment in Securities at Cost | 54,512 | 98,129 |
| Investment in Equity Method Securities | 7,551,153 | 52,987,224 |
| Deposits | 133,063 | - |
| Total Current Assets | 55,461,235 | 95,422,167 |
| Real Estate | ||
| Rental Properties | 31,770,386 | 31,169,031 |
| Properties under Development | 10,366,766 | 23,449,698 |
| Operating Lease Right-Of-Use Assets, net | 1,467,372 | 1,614,159 |
| Deposits | 337,606 | 536,947 |
| Other Receivables, Net - Long Term | 4,855,609 | - |
| Cash and Marketable Securities Held in Trust Account | 21,252,639 | - |
| Goodwill | 60,343 | - |
| Property and Equipment, Net | 742,072 | 1,298,334 |
| Total Assets | $126,314,028 | $153,490,336 |
| Liabilities and Stockholders’ Equity: | ||
| Current Liabilities: | ||
| Accounts Payable and Accrued Expenses | $4,372,792 | $2,983,470 |
| Deferred Underwriting Compensation | 3,018,750 | - |
| Deferred Revenue | 2,100 | 21,198 |
| Operating Lease Liabilities - current | 903,429 | 45,556 |
| Notes Payable - current | 30,744 | 181,846 |
| Notes Payable - Related Parties | 16,869 | 12,668 |
| Total Current Liabilities | 8,344,684 | 3,244,738 |
| Long-Term Liabilities: | ||
| Operating Lease Liabilities - noncurrent | 595,834 | 1,582,483 |
| Notes Payable - noncurrent | 126,182 | - |
| Total Liabilities | 9,066,700 | 4,827,221 |
| Temporary Equity | ||
| Class A Common Stock of Alset Capital Acquisition Corp subject to possible redemption; 1,976,036 shares at approximately $10.35 per share as of December 31, 2023 | 20,457,011 | - |
| Stockholders’ Equity: | ||
| Preferred Stock, $0.001 par value; 25,000,000 shares authorized, none issued and outstanding | - | - |
| Common Stock, $0.001 par value; 250,000,000 shares authorized; 9,235,119 and 7,422,846 shares issued and outstanding on December 31, 2023 and December 31, 2022, respectively | 9,235 | 7,423 |
| Additional Paid in Capital | 332,455,457 | 322,534,891 |
| Accumulated Deficit | (247,885,656) | (188,724,411) |
| Accumulated Other Comprehensive Income | 3,609,719 | 3,836,063 |
| Total Alset Inc. Stockholders’ Equity | 88,188,755 | 137,653,966 |
| Non-controlling Interests | 8,601,562 | 11,009,149 |
| Total Stockholders’ Equity | 96,790,317 | 148,663,115 |
| Total Liabilities and Stockholders’ Equity | $126,314,028 | $153,490,336 |
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