Alset Inc.
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
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, 2024 and 2023
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets: | ||
| Current Assets: | ||
| Cash and Cash Equivalents | $27,243,787 | $26,921,727 |
| Restricted Cash | 939,939 | 967,566 |
| Account Receivables, Net | 75,646 | 77,517 |
| Other Receivables, Net | 6,251,219 | 2,576,454 |
| Note Receivables - Related Parties, Net | 1,679,822 | 1,693,946 |
| Convertible Loan Receivables at Fair Value - Related Party | 1,782,376 | 1,207,627 |
| Prepaid Expense | 207,483 | 253,689 |
| Inventory | 4,913 | 5,561 |
| Investment in Securities at Fair Value | 4,673,530 | 2,148,500 |
| Investment in Securities at Fair Value - Related Party | 12,342,624 | 11,869,920 |
| Investment in Securities at Cost | 17,462 | 54,512 |
| Investment in Equity Method Securities | 4,331,046 | 7,551,153 |
| Deposits | 210,495 | 133,063 |
| Total Current Assets | 59,760,342 | 55,461,235 |
| Real Estate | ||
| Rental Properties | 30,695,669 | 31,770,386 |
| Properties under Development | - | 10,366,766 |
| Operating Lease Right-Of-Use Assets, Net | 1,468,913 | 1,467,372 |
| Deposits | 272,281 | 337,606 |
| Other Receivables - Long Term, Net | 3,970,149 | 4,855,609 |
| Cash and Marketable Securities Held in Trust Account | - | 21,252,639 |
| Goodwill | - | 60,343 |
| Property and Equipment, Net | 594,623 | 742,072 |
| Total Assets | $96,761,977 | $126,314,028 |
| Liabilities and Stockholders’ Equity: | ||
| Current Liabilities: | ||
| Accounts Payable and Accrued Expenses | $3,605,863 | $4,372,792 |
| Deferred Underwriting Compensation | - | 3,018,750 |
| Deferred Revenue | - | 2,100 |
| Operating Lease Liabilities | 531,885 | 673,049 |
| Notes Payable | 1,323,059 | 30,744 |
| Notes Payable - Related Parties | 15,794 | 16,869 |
| Total Current Liabilities | 5,476,601 | 8,114,304 |
| Long-Term Liabilities: | ||
| Operating Lease Liabilities | 993,284 | 826,214 |
| Notes Payable | 93,241 | 126,182 |
| Total Liabilities | 6,563,126 | 9,066,700 |
| Commitments and Contingencies | - | - |
| Temporary Equity | ||
| Class A Common Stock of HWH International Inc. subject to possible redemption; 395,207 shares at approximately $51.76 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 9,235,119 shares issued and outstanding on December 31, 2024 and 2023, respectively | 9,235 | 9,235 |
| Additional Paid in Capital | 334,023,233 | 332,455,457 |
| Accumulated Deficit | (251,851,540) | (247,885,656) |
| Accumulated Other Comprehensive Income | (849,862) | 3,609,719 |
| Total Alset Inc. Stockholders’ Equity | 81,331,066 | 88,188,755 |
| Non-controlling Interests | 8,867,785 | 8,601,562 |
| Total Stockholders’ Equity | 90,198,851 | 96,790,317 |
| Total Liabilities and Stockholders’ Equity | $96,761,977 | $126,314,028 |
| * | The common stock share amounts were adjusted retrospectively to reflect the 5-for-1 reverse stock split of HWH shares on February 24, 2025 |
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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.