Bonanza Goldfields Corp. is a Nevada holding company with no operations of its own. We conduct our operations in Hong Kong primarily through our subsidiaries in Hong Kong and Singapore. We may rely on dividends or other transfers of cash or assets to be made by our Hong Kong and Singapore subsidiaries to fund our cash and financing requirements, including the funds necessary to pay dividends and other cash distributions to our shareholders, to service any debt we may incur and to pay our operating expenses. If our Hong Kong and Singapore subsidiaries incur debt on their own behalf in the future, the instruments governing the debt may restrict their ability to pay dividends or make other distributions to us. To date, our subsidiaries have not made any transfers, dividends or distributions of cash flows or other assets to Bonanza Goldfields Corp. and Bonanza Goldfields Corp. has not made any transfers, dividends or distributions of cash flows or other assets to our subsidiaries.
Company profile
Ticker
MVNC
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Bonanza Goldfield Corp., Bonanza Goldfields Corp.
SEC CIK
Corporate docs
Subsidiaries
Marvion Holdings Limited • Marvion Private Limited • Marvion Group Limited • Marvion (Hong Kong) Limited • Marvion Studio Limited ...
Latest filings (excl ownership)
PRE 14C
Preliminary information
21 Mar 24
10-Q
2023 Q3
Quarterly report
20 Nov 23
NT 10-Q
Notice of late quarterly filing
15 Nov 23
S-8
Registration of securities for employees
21 Sep 23
10-Q
2023 Q2
Quarterly report
7 Aug 23
10-Q
2023 Q1
Quarterly report
15 May 23
10-K
2022 FY
Annual report
17 Apr 23
NT 10-K
Notice of late annual filing
31 Mar 23
8-K
Changes in Registrant's Certifying Accountant
9 Mar 23
8-K
Departure of Directors or Certain Officers
9 Dec 22
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Jun 13 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 144.49 k | 144.49 k | 144.49 k | 144.49 k | 144.49 k | 144.49 k |
Cash burn (monthly) | 15.12 k | (no burn) | 941.03 k | 927.92 k | 586.60 k | 265.03 k |
Cash used (since last report) | 90.49 k | n/a | 5.63 mm | 5.55 mm | 3.51 mm | 1.59 mm |
Cash remaining | 54.00 k | n/a | -5.49 mm | -5.41 mm | -3.37 mm | -1.44 mm |
Runway (months of cash) | 3.6 | n/a | -5.8 | -5.8 | -5.7 | -5.4 |