China Foods Holdings Ltd. Files Q2 2024 10-Q
Ticker: CFOO · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 1310630
| Field | Detail |
|---|---|
| Company | China Foods Holdings Ltd. (CFOO) |
| Form Type | 10-Q |
| Filed Date | Aug 14, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.77, $482,257.93, $ |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, company-update
TL;DR
China Foods Holdings Ltd. filed its Q2 2024 10-Q. Check financials.
AI Summary
China Foods Holdings Ltd. filed its 10-Q for the period ending June 30, 2024. The company, previously known as Trafalgar Resources, Inc., operates in the medicinal chemicals and botanical products sector. The filing covers financial information for the second quarter and the first half of the fiscal year.
Why It Matters
This filing provides investors with an update on China Foods Holdings Ltd.'s financial performance and position for the second quarter of 2024, crucial for assessing the company's health and future prospects.
Risk Assessment
Risk Level: medium — The company operates in the medicinal chemicals and botanical products sector, which can be subject to regulatory changes and market volatility.
Key Numbers
- 20240630 — Reporting Period End Date (Indicates the end of the financial period covered by the report.)
- 20240814 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- China Foods Holdings Ltd. (company) — Filer of the 10-Q
- Trafalgar Resources, Inc. (company) — Former name of China Foods Holdings Ltd.
- 20240630 (date) — End of the reporting period
- 20240814 (date) — Filing date
FAQ
What is the primary business of China Foods Holdings Ltd.?
China Foods Holdings Ltd. is classified under MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833].
What is the fiscal year end for China Foods Holdings Ltd.?
The fiscal year end for China Foods Holdings Ltd. is December 31 (1231).
When was the company formerly known as Trafalgar Resources, Inc.?
The company changed its name from Trafalgar Resources, Inc. on December 3, 2004.
What is the SEC file number for China Foods Holdings Ltd.?
The SEC file number for China Foods Holdings Ltd. is 001-32522.
What is the business address of China Foods Holdings Ltd.?
The business address is Suite 3102, Everbright Center, 108 Gloucester Road, Wanchai, K3.
Filing Stats: 4,543 words · 18 min read · ~15 pages · Grade level 15.8 · Accepted 2024-08-14 10:00:44
Key Financial Figures
- $0.77 — t's shares were last sold at a price of $0.77 per share. Although the Registrant's st
- $482,257.93 — affiliates would have a market value of $482,257.93. As of August 14, 2024, the Registran
- $ — rrency is not US$ are translated into US$, in accordance with ASC Topic 830-30, "
Filing Documents
- form10-q.htm (10-Q) — 727KB
- ex31-1.htm (EX-31.1) — 14KB
- ex32-1.htm (EX-32.1) — 5KB
- 0001493152-24-031953.txt ( ) — 4183KB
- cfoo-20240630.xsd (EX-101.SCH) — 34KB
- cfoo-20240630_cal.xml (EX-101.CAL) — 49KB
- cfoo-20240630_def.xml (EX-101.DEF) — 108KB
- cfoo-20240630_lab.xml (EX-101.LAB) — 240KB
- cfoo-20240630_pre.xml (EX-101.PRE) — 188KB
- form10-q_htm.xml (XML) — 716KB
– FINANCIAL INFORMATION
PART I – FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements 3 Notes to Unaudited Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 25 Item 4.
Controls and Procedures
Controls and Procedures 25
– OTHER INFORMATION
PART II – OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 26 Item 1A.
Risk Factors
Risk Factors 26 Item 2. Unregistered Sales of Equity Securities and Proceeds 26 Item 3. Defaults Upon Senior Securities 26 Item 4. Mine Safety Disclosure 26 Item 5. Other Information 26 Item 6. Exhibits 26
SIGNATURES
SIGNATURES 27 2 PART I – FINANCIAL INFORMATION Item 1. Financial Statements China Foods Holdings Ltd. Unaudited Condensed Consolidated Balance Sheets (Currency expressed in United States Dollars ("US
quot;), except for number of shares) June 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current Assets Cash and cash equivalents $ 75,487 $ 174,877 Accounts receivable, net - 38,831 Prepayments, deposits and other receivables 60,653 66,817 Right-of-use assets, net 49,998 20,796 Inventories, net 59,436 48,282 Total Current Assets 245,574 349,603 Non-Current Assets Plant and equipment, net 16,584 12,981 Intangible assets, net 2,296 2,597 Total Non-Current Assets 18,880 15,578 TOTAL ASSETS $ 264,454 $ 365,181 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accrued liabilities and other payables $ 97,248 $ 93,395 Customer deposits 104,101 68,885 Lease liabilities 50,116 21,038 Amount due to a director 222,752 232,344 Amount due to a related company 352,900 320,315 Amount due to a related party 352,900 320,315 Income tax payable 1,014 20,019 Total Current Liabilities 828,131 755,996 Stockholders' (Deficit) Equity Common stock $ 0.0001 par value, 100,000,000 shares authorized, 20,252,309 and 20,252,309 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 2,025 2,025 Additional paid-in capital 1,290,355 1,290,355 Accumulated other comprehensive loss ( 10,125 ) ( 7,222 ) Accumulated deficit ( 1,845,932 ) ( 1,675,973 ) Total Stockholders' Deficit ( 563,677 ) ( 390,815 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 264,454 $ 365,181 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 3 China Foods Holdings Ltd. Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (Currency expressed in United States Dollars ("USquot;),