Agape ATP Corp

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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.

FY2024 · Filed Mar 31, 2025

ATPC$1.36+8.8%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Balance Sheets

	As of December 31,
	2024	2023
ASSETS
CURRENT ASSETS
Cash and cash equivalents (Included $1,139 and $122 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2024 and 2023, respectively.)	$2,040,243	$4,832,460
Accounts receivable, net	53,651	55,458
Other receivable	2,544	435
Amount due from related parties	2,312	11,093
Inventories	46,347	47,907
Prepaid taxes (Included $0 and $1,670 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2024 and 2023, respectively.)	45,426	21,993
Prepayments and deposits (Included $7 and $7 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2024 and 2023, respectively.)	586,172	215,806
Total Current Assets	2,776,695	5,185,152
NON-CURRENT ASSETS
Property and equipment, net	31,463	77,858
Intangible assets, net	13,082	17,458
Finance lease assets	178,948	86,335
Operating right-of-use assets	224,595	357,301
Investment in marketable securities	13,737	20,171
Investment in non-marketable securities	1,500	-
Deferred tax assets	-	219
Total Non-Current Assets	463,325	559,342
TOTAL ASSETS	$3,240,020	$5,744,494
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$102,798	$55,585
Accounts payable – related parties	30,625	34,848
Customer deposits	96,976	101,575
Operating lease liabilities, current	150,370	138,548
Other payables and accrued liabilities ($1,478 and $899 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of December 31, 2024 and 2023, respectively.)	712,436	726,061
Other payable – related parties	850	7,846
Finance lease liabilities, current	21,635	7,075
Income tax payable	4,434	-
Total Current Liabilities	1,120,124	1,071,538
NON-CURRENT LIABILITIES
Operating lease liabilities, non-current	$75,425	$219,530
Finance lease liabilities, non-current	115,350	72,563
Total Non-Current Liabilities	190,775	292,093
TOTAL LIABILITIES	$1,310,899	$1,363,631
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; 50,000,000 shares authorized, 3,989,056 and 3,855,101 shares issued and outstanding as of December 31, 2024 and 2023, respectively.*	399	386
Additional paid in capital	11,422,708	11,386,055
Treasury Stock, par value $0.0001; 0 and 6,765 shares as of December 31, 2024 and 2023, respectively.*	-	(1)
Accumulated deficit	(9,518,045)	(7,047,571)
Accumulated other comprehensive income	27,852	30,215
TOTAL AGAPE CORPORATION STOCKHOLDERS’ EQUITY	1,932,914	4,369,084
NON-CONTROLLING INTERESTS	(3,793)	11,779
TOTAL EQUITY	1,929,121	4,380,863
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$3,240,020	$5,744,494

*	Issued and outstanding shares of common stock and treasury stock have been adjusted on a retroactive basis to reflect 1-for-20 reverse stock split effective on August 30, 2024.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.