SUIC Worldwide Holdings Ltd. Files Q2 2024 10-Q

TL;DR

SUIC Worldwide Holdings Ltd. dropped its Q2 2024 10-Q. Check financials.

AI Summary

SUIC Worldwide Holdings Ltd. filed its Q2 2024 10-Q report on August 22, 2024, covering the period ending June 30, 2024. The company, formerly known as Sino United Worldwide Consolidated Ltd., is involved in industrial organic chemicals. Financial details for the quarter and year-to-date are presented, including balance sheet information as of December 31, 2023, and June 30, 2024.

Why It Matters

This filing provides investors with the latest financial performance and position of SUIC Worldwide Holdings Ltd., crucial for understanding the company's operational health and future prospects.

Risk Assessment

Risk Level: medium — The filing is a standard quarterly report, but the company's specific financial performance and industry sector can introduce medium-level risk.

Key Numbers

• Q2 2024 — Reporting Period (Covers the financial performance up to June 30, 2024.)
• 1231 — Fiscal Year End (Indicates the company's fiscal year concludes on December 31st.)

Key Players & Entities

• SUIC Worldwide Holdings Ltd. (company) — Filer of the 10-Q report
• Sino United Worldwide Consolidated Ltd. (company) — Former name of SUIC Worldwide Holdings Ltd.
• 20240630 (date) — End of the reporting period for the 10-Q
• 20240822 (date) — Filing date of the 10-Q

FAQ

Key Financial Figures

• $0.001 — registered Common Stock , par value $0.001 per share SUIC OTC Indicate by ch
• $0.01 — 0 shares of the Company's common stock, $0.01 par value, were issued and outstanding.
• $250,000 — ral Deposit Insurance Corporation up to $250,000. The Company has not experienced any lo
• $8,769 — alance due from the QQ Pay in amount of $8,769. Revenue Recognition The Company's
• $0 — of June 30, 2024, we account for it as $0. Fair value measurements The Compan
• $30,000 — t -Held-For-Trading - iDrink, Taiwan of $30,000 is measured at fair value on a recurrin

Filing Documents

• suic0820form10q.htm (10-Q) — 520KB
• suic0820form10qexh31_1.htm (EX-31.1) — 9KB
• suic0820form10qexh31_2.htm (EX-31.2) — 9KB
• suic0820form10qexh32_1.htm (EX-32.1) — 5KB
• suic0820form10qexh32_2.htm (EX-32.2) — 6KB
• 0001554795-24-000217.txt ( ) — 2240KB
• suic-20240630.xsd (EX-101.SCH) — 18KB
• suic-20240630_cal.xml (EX-101.CAL) — 33KB
• suic-20240630_def.xml (EX-101.DEF) — 16KB
• suic-20240630_lab.xml (EX-101.LAB) — 147KB
• suic-20240630_pre.xml (EX-101.PRE) — 108KB
• suic0820form10q_htm.xml (XML) — 219KB

SIGNATURES

SIGNATURES 16 SUIC WORLDWIDE HOLDINGS LTD. Index to the consolidated financial statements Table of Contents Page(s) Interim Condensed Balance Sheets at June 30, 2024 (Unaudited) and December 31, 2023 F-2 Unaudited Interim Condensed Statements of Operations and Comprehensive Income for the Three and Six Months Ended June 30, 2024 and 2023 F-3 Unaudited Interim Condensed Statement of Stockholders' Equity for the Six Months Ended June 30, 2024 and December 31, 2023. F-4 Unaudited Interim Condensed Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 F-5 Notes to the Consolidated Financial Statements (Unaudited) F-6 - F-9 3 SUIC WORLDWIDE HOLDINGS LTD. Interim Condensed Balance Sheet June 30, 2024 June 30, 2024 (Unaudited) December 31, 2023 ASSETS CURRENT ASSETS: Cash $ 18,466 $ 7,600 Accounts receivable, net 197,055 186,799 Short Term Investment- Held-for-Trading 30,000 30,000 Total Current Assets 245,521 224,399 NONCURRENT ASSETS: Fixed asset- office equipment laptop 75 100 Other receivables -Income From HFT — 9,000 Other interest receivables -Sinoway International 13,934 11,702 Other receivables -SUIC Beneway USA Inc. 2,000 2,000 Other receivable 146,078 146,078 Total Noncurrent Assets 162,086 159,880 Total Assets $ 407,607 $ 384,279 LIABILITIES AND STOCKHOLDERS' DEFICIENCY CURRENT LIABILITIES: Credit card payable $ 11,857 $ 5,474 Accounts payable 1,230 30,000 Short term debt 122,329 107,734 Accrued expenses and other liabilities 14,154 4,832 Total Current Liabilities 149,571 148,040 NONCURRENT LIABILITIES: Convertible promissory notes- other 279,000 279,000 Total Noncurrent Liabilities 279,000 279,000 Total Liability 428,570 427,040 Stockholders' Deficiency Common stock, $ 0.001 par value, 394,500,000 shares authorized; 11,350,360 shares issued and outstanding 41,504 41,504 Additional paid-in capital 1,647,7

View Full Filing

View this 10-Q filing on SEC EDGAR