Financial reports / YCQH Agricultural Technology Co. Ltd. | Tables in SEC filings

YCQH YCQH Agricultural Technology Co. Ltd.

Quarterly report

	As of September 30, 2024		As of
	(UNAUDITED)		December 31, 2023
ASSETS
Current assets
Cash and cash equivalents	$	1,420	$	95,938
Inventories		108,796		113,688
Prepayment, deposits and other receivables		213,007		132,747
Total current assets		323,223		342,373

Non-current Assets
Right-of-use assets, net		-		34,954
Total non-current assets		-		34,954

TOTAL ASSETS	$	323,223	$	377,327

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Trade payables	$	2,325	$	12,597
Other payables and accrued liabilities		9,532		32,242
Deferred revenue		165		14,782
Amount due to a director		481,100		501,890
Lease liability – current portion		-		34,954
Total current liabilities		493,122		596,465

TOTAL LIABILITIES		493,122		596,465

STOCKHOLDERS’ DEFICIT
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; 0 issued and outstanding
Common stock, $0.0001 par value; 800,000,000 shares authorized; 101,400,000 shares of common stock issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		10,140		10,140
Additional paid-in capital		148,860		148,860
Accumulated other comprehensive income		5,477		1,860
Accumulated deficit		(334,376)		(379,998)

TOTAL STOCKHOLDERS’ DEFICIT		(169,899)		(219,138)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	323,223	$	377,327

	As of and for the nine months ended September 30, 2024		For the nine months ended September 30, 2023
Period-end HK$: US$1 exchange rate		7.77		7.75
Period-end CNY¥: US$1 exchange rate		7.02		7.28
Period-average HK$: US$1 exchange rate		7.81		7.75
Period-average CNY¥: US$1 exchange rate		7.18		7.06

Lease liability as of December 31, 2022	$	79,394
Add: imputed interest for the period ended November 30, 2023		2,509
Less: gross repayment for the period ended November 30, 2023		(38,668)
Operating lease liability as of Nov 30, 2023		43,235
Reassessment of lease		(3,150)
Add: imputed interest of December 31, 2023		138
Less: gross repayment of December 31, 2023		(3,247)
Foreign exchange translation		(2,022)
Lease liability as of December 31, 2023	$	34,954

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