Aureus Greenway Holdings Inc. Files Q3 2024 10-Q
Ticker: AGH · Form: 10-Q · Filed: Dec 13, 2024 · CIK: 2009312
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Aureus Greenway Holdings Inc. filed its Q3 2024 10-Q. Check financials.
AI Summary
Aureus Greenway Holdings Inc. filed its 10-Q for the period ending September 30, 2024. The company, operating in the sports and recreation clubs sector, reported financial results for the third quarter and the first nine months of the year. Specific financial figures and operational details for these periods are detailed within the filing.
Why It Matters
This filing provides investors and stakeholders with the latest financial performance and operational updates for Aureus Greenway Holdings Inc., crucial for understanding the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly filing with no immediately apparent significant negative events or disclosures.
Key Numbers
- Q3 2024 — Reporting Period (Third quarter financial results)
- Nine Months 2024 — Reporting Period (Year-to-date financial results)
Key Players & Entities
- Aureus Greenway Holdings Inc (company) — Filer
- 2024-09-30 (date) — Reporting period end date
- 2024-12-13 (date) — Filing date
- 7997 (other) — Standard Industrial Classification Code
FAQ
What were the total revenues for the three months ended September 30, 2024?
The filing does not contain specific revenue figures in the provided text snippet, but indicates that financial results for the period are detailed within the full document.
What is Aureus Greenway Holdings Inc.'s primary business activity?
Aureus Greenway Holdings Inc. operates in the Services-Membership Sports & Recreation Clubs industry, with SIC code 7997.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on December 13, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the company's principal business address?
The company's business address is 2995 Remington Blvd, Kissimmee, FL 34744.
Filing Stats: 4,393 words · 18 min read · ~15 pages · Grade level 19 · Accepted 2024-12-13 11:08:01
Filing Documents
- form10-q.htm (10-Q) — 1040KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 16KB
- ex32-1.htm (EX-32.1) — 11KB
- 0001493152-24-049927.txt ( ) — 5853KB
- agh-20240930.xsd (EX-101.SCH) — 47KB
- agh-20240930_cal.xml (EX-101.CAL) — 63KB
- agh-20240930_def.xml (EX-101.DEF) — 157KB
- agh-20240930_lab.xml (EX-101.LAB) — 361KB
- agh-20240930_pre.xml (EX-101.PRE) — 285KB
- form10-q_htm.xml (XML) — 964KB
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION 5
Condensed Consolidated Financial Statements (Unaudited)
Item 1. Condensed Consolidated Financial Statements (Unaudited) 5
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27
Quantitative and Qualitative Disclosure About Market Risk
Item 3. Quantitative and Qualitative Disclosure About Market Risk 37
Controls and Procedures
Item 4. Controls and Procedures 37
- OTHER INFORMATION
PART II - OTHER INFORMATION 38
Legal Proceedings
Item 1. Legal Proceedings 38
Risk Factors
Item 1A. Risk Factors 38
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 38
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 38
Other Information
Item 5. Other Information 38
Exhibits
Item 6. Exhibits 38
SIGNATURES
SIGNATURES 39 2 Forward-Looking This quarterly report (the "Quarterly Report") of Aureus Greenway Holdings Inc. ("we," "us," "our," and the "Company") contains statements that constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical facts may be deemed to be forward-looking statements. These statements appear in several different places in this Quarterly Report and, in some cases, can be identified by words such as "anticipates", "estimates", "projects", "expects", "contemplates", "intends", "believes", "plans", "may", "will" or their negatives or other comparable words, although not all forward-looking statements contain these identifying words. Forward-looking and projections; our business prospects and opportunities; our business strategy and future operations; the projection of timing and completion of business operations in the future; projected costs; expectations regarding demand and use of our golf country clubs; estimated costs related to maintain our facilities; trends in the market in which we operate; the plans and objectives of management; our liquidity and capital requirements, including cash flows and uses of cash; and trends relating to our industry. We have based these forward-looking statements on our current expectations about future events on information that is available as of the date of this Quarterly Report, and any forward-looking statements made by us speak only as of the date on which they are made. While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties, many of which are beyond our control. Our actual future results may differ materially from those discussed
Business
Business Aureus Greenway Holdings Inc. (the "Company" or "Aureus") was incorporated on December 22, 2023 in the state of Nevada. We conduct business activities principally through our wholly-owned subsidiaries, Chrome Fields I, Inc. and Chrome Fields II, Inc. engaging in operation of golf course and selling of merchandise and food and beverages. As of September 30, 2024, we own and operate two golf clubs in Florida that consisting of over 289 acres of multi-service recreational property. Pine Ridge Group Limited ("Pine Ridge") was acquired by Mr. Cheung Chi Ping from independent third parties on December 31, 2013. Chrome Field I, Inc. ("Chrome I") was incorporated on December 24, 2013 in the State of Delaware. Chrome I the is sole member of FSC Clearwater, LLC ("Clearwater I") which was incorporated in the State of Florida on January 21, 2014. Clearwater I owns and operates Kissimmee Bay Country Club, a privately-owned golf course that is open to the general public. Chrome Field II, Inc. ("Chrome II") was incorporated on April 13, 2014 in the State of Delaware. Chrome II the is sole member of FSC Clearwater II, LLC ("Clearwater I") which was incorporated in the State of Florida on March 20, 2014. Clearwater II owns and operates Remington Golf Club, a privately-owned golf course that is open to the general public. A group reorganization of the legal structure was completed on January 17, 2024. As the Group were under same control of the shareholders and their entire equity interests were also ultimately held by the shareholders immediately prior to the group reorganization, the consolidated statements of operations and comprehensive income (loss), consolidated statements of changes in shareholders' equity and consolidated statements of cash flows are prepared as if the current group structure had been in existence throughout the nine months ended September 30, 2024 and 2023. 9 As at the date of this report, details of the subsidiaries company are as f