Cosmos Group Holdings Inc. Files Annual Report on Form 10-K

TL;DR

<b>Cosmos Group Holdings Inc. has filed its 2023 annual report on Form 10-K, confirming its status as a smaller reporting company and compliance with filing requirements.</b>

AI Summary

Cosmos Group Holdings Inc. (COSG) filed a Annual Report (10-K) with the SEC on April 16, 2024. Cosmos Group Holdings Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2023. The company is incorporated in Nevada and its fiscal year ends on December 31. Cosmos Group Holdings Inc. is classified as a smaller reporting company. The company has submitted electronically all Interactive Data Files required for the preceding 12 months. Cosmos Group Holdings Inc. has filed all required reports for the preceding 12 months and has been subject to these filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking Cosmos Group Holdings Inc., this filing contains several important signals. This filing provides a comprehensive overview of the company's financial performance and operational status for the fiscal year 2023. As a smaller reporting company, Cosmos Group Holdings Inc. may have different disclosure requirements compared to larger filers, impacting the level of detail provided.

Risk Assessment

Risk Level: — Cosmos Group Holdings Inc. shows moderate risk based on this filing. The filing is a standard annual report (10-K) with no immediate red flags, indicating routine compliance and disclosure.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand Cosmos Group Holdings Inc.'s performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Fiscal year ended December 31, 2023)
• 2024-04-16 — Filing Date (Filed as of date)
• 000-545793 — Commission File Number (SEC file number)

Key Players & Entities

• Cosmos Group Holdings Inc. (company) — Filer name
• 000-545793 (regulator) — Commission file number
• 20231231 (date) — Fiscal year end
• 20240416 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation
• Smaller reporting company (category) — Filer classification

FAQ

Industry Context

The company operates within the Finance Services sector, SIC code 6199.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring annual reporting for public companies.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and profitability.
2. Examine any disclosed risk factors that could impact future performance.
3. Check for any updates on business operations or strategic initiatives.

Year-Over-Year Comparison

This is the initial analysis of the 2023 10-K filing.

Key Financial Figures

• $0.001 — ection 12(g) of the Act: Common Stock, $0.001 par value Title of each class Indica

Filing Documents

• ea0202089-10k_cosmosgr.htm (10-K) — 1553KB
• ea0202089ex21-1_cosmo.htm (EX-21.1) — 15KB
• ea0202089ex23-1_cosmo.htm (EX-23.1) — 3KB
• ea0202089ex31-1_cosmo.htm (EX-31.1) — 11KB
• ea0202089ex32-1_cosmo.htm (EX-32.1) — 4KB
• image_001.jpg (GRAPHIC) — 3KB
• image_002.jpg (GRAPHIC) — 24KB
• image_003.jpg (GRAPHIC) — 32KB
• ex23-1_001.jpg (GRAPHIC) — 33KB
• 0001213900-24-033527.txt (&nbsp;) — 8204KB
• cosg-20231231.xsd (EX-101.SCH) — 98KB
• cosg-20231231_cal.xml (EX-101.CAL) — 51KB
• cosg-20231231_def.xml (EX-101.DEF) — 342KB
• cosg-20231231_lab.xml (EX-101.LAB) — 663KB
• cosg-20231231_pre.xml (EX-101.PRE) — 343KB
• ea0202089-10k_cosmosgr_htm.xml (XML) — 1039KB

Risk Factors

Risk Factors 34 Item 1B Unresolved Staff Comments 50 Item 2

Properties

Properties 50 Item 3

Legal Proceedings

Legal Proceedings 50 Item 4 Mine Safety Disclosures 50 Part II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 51 Item 6 Reserved 51 Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operation

Management's Discussion and Analysis of Financial Condition and Results of Operation 51 Item 7A

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 61 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 61 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 62 Item 9A

Controls and Procedures

Controls and Procedures 62 Item 9B Other Information 63 Item 9C Disclosure Regarding Foreign Jurisdictions That Prevent Inspections 63 Part III Item 10 Directors and Executive Officers and Corporate Governance 64 Item 11

Executive Compensation

Executive Compensation 66 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 70 Item 13 Certain Relationships and Related Transactions, and Director Independence 70 Item 14 Principal Accounting Fees and Services 71 Part IV Item 15 Exhibits, Financial Statement Schedules 72 Item 16 Form 10-K Summary 72

Signatures

Signatures 73 i INTRODUCTORY COMMENT We are a Nevada holding company with operations conducted through our wholly owned subsidiaries based in Hong Kong and Singapore. Our investors hold shares of common stock in Cosmos Group Holdings Inc., the Nevada holding company. This structure presents unique risks as our investors may never directly hold equity interests in our Hong Kong subsidiary and will be dependent upon contributions from our subsidiaries to finance our cash flow needs. Our ability to obtain contributions from our subsidiaries are significantly affected by regulations promulgated by Hong Kong and Singaporean authorities. Any change in the interpretation of existing rules and regulations or the promulgation of new rules and regulations may materially affect our operations and or the value of our securities, including causing the value of our securities to significantly decline or become worthless. For a detailed description of the risks facing the Company associated with our structure, please refer to " Risk Factors – Risk Relating to Doing Business in Hong Kong ." set forth herein. Cosmos Group Holdings Inc. and our Hong Kong subsidiaries are not required to obtain permission from the Chinese authorities including the China Securities Regulatory Commission, or CSRC, or Cybersecurity Administration Committee, or CAC, to operate or to issue securities to foreign investors. However, in light of the recent statements and regulatory actions by the People's Republic of China ("the PRC") government, such as those related to Hong Kong's national security, the promulgation of regulations prohibiting foreign ownership of Chinese companies operating in certain industries, which are constantly evolving, and anti-monopoly concerns, we may be subject to the risks of uncertainty of any future actions of the PRC government in this regard including the risk that we inadvertently conclude that such approvals are not required, that applicable laws, regulations or i

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View this 10-K filing on SEC EDGAR