Agape ATP Corp
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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.
FY2024 · Filed Mar 31, 2025
ATPC$1.35-0.7%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 Statements of Operations and Comprehensive Loss
| For the years ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| REVENUE | 1,322,747 | 1,431,088 |
| COST OF REVENUE | (563,599) | (494,516) |
| GROSS PROFIT | 759,148 | 936,572 |
| SELLING | (162,712) | (629,003) |
| COMMISSION | (34,905) | (88,132) |
| GENERAL AND ADMINISTRATIVE | (3,134,874) | (2,366,016) |
| TOTAL OPERATING EXPENSES | (3,332,491) | (3,083,151) |
| LOSS FROM OPERATIONS | (2,573,343) | (2,146,579) |
| OTHER INCOME (EXPENSES) | ||
| Other income, net | 29,209 | 5,724 |
| Interest income | 67,930 | 29,249 |
| Unrealized holding (loss) gain on marketable securities | (5,018) | 3,493 |
| Gain on disposal of property and equipment | 112 | 1,753 |
| TOTAL OTHER INCOME, NET | 92,233 | 40,219 |
| LOSS BEFORE INCOME TAXES | (2,481,110) | (2,106,360) |
| INCOME TAX EXPENSE | (4,934) | (3,575) |
| NET LOSS | (2,486,044) | (2,109,935) |
| NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | 15,570 | 7,950 |
| NET LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION | $(2,470,474) | $(2,101,985) |
| NET LOSS | $(2,486,044) | $(2,109,935) |
| OTHER COMPREHENSIVE (LOSS) INCOME | ||
| Foreign currency translation adjustment | (2,363) | 20,949 |
| TOTAL COMPREHENSIVE LOSS | (2,488,407) | (2,088,986) |
| Less: Comprehensive loss attributable to non-controlling interests | 15,572 | 8,734 |
| COMPREHENSIVE LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION | $(2,472,835) | $(2,080,252) |
| LOSS PER SHARE | ||
| Basic and diluted | $(0.63) | $(0.55) |
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING* | ||
| Basic and diluted | 3,891,986 | 3,790,725 |
| * | Weighted average number of common shares outstanding have been adjusted on a retroactive basis to reflect 1-for-20 reverse stock split effective on August 30, 2024. |
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