Tian'an Technology Group Ltd Q2 2024 Financial Update Filed

TL;DR

Tian'an Tech (0001941189) dropped Q2 2024 financials, showing balance sheet details and H1 2024 vs H1 2023 comparisons.

AI Summary

Tian'an Technology Group Ltd filed a 6-K report on September 3, 2024, for the period ending June 30, 2024. The filing provides financial data for the second quarter of 2024, including details on common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income as of December 31, 2022, and December 31, 2023. It also presents comparative data for related and non-related party members for the six months ended June 30, 2024, and June 30, 2023.

Why It Matters

This filing provides investors with updated financial figures for Tian'an Technology Group Ltd, allowing for an assessment of the company's financial health and performance trends in the first half of 2024.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) that provides standard financial data without announcing significant new events or changes.

Key Numbers

• Q2 2024 — Reporting Period (Financial data pertains to the second quarter of 2024.)
• H1 2024 — Year-to-Date Period (Comparative financial data for the first half of 2024.)
• H1 2023 — Prior Year Period (Comparative financial data for the first half of 2023.)

Key Players & Entities

• Tian'an Technology Group Ltd (company) — Filer of the report
• 0001493152-24-034789 (filing_id) — Accession number for the filing
• 20240903 (date) — Filing date
• 20240630 (date) — Period of report end date

FAQ

Filing Documents

• form6-k.htm (6-K) — 387KB
• 0001493152-24-034789.txt ( ) — 3013KB
• tanaf-20240630.xsd (EX-101.SCH) — 30KB
• tanaf-20240630_cal.xml (EX-101.CAL) — 44KB
• tanaf-20240630_def.xml (EX-101.DEF) — 114KB
• tanaf-20240630_lab.xml (EX-101.LAB) — 211KB
• tanaf-20240630_pre.xml (EX-101.PRE) — 174KB
• form6-k_htm.xml (XML) — 392KB

From the Filing

UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2024 Commission File Number 333-267453 TIAN'AN TECHNOLOGY GROUP LTD. (Translation of registrant's name into English) Room 501 , No. 3, Lane 743 , Taopu Road, Putuo District Shanghai People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F On September 3, 2024, Tian'an Technology Group Ltd. (the "Company") released its unaudited condensed interim consolidated TIAN'AN TECHNOLOGY GROUP LTD. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS As of June 30, 2024 As of December 31, 2023 (Unaudited) ASSETS Current Assets: Cash $ 14,007 $ 3,058 Account receivables 772 2,618 Other receivables 631 635 Advances to suppliers 122,246 170,922 Total Current Assets 137,656 177,233 Noncurrent Assets: Equipment, net 1,811 - TOTAL ASSETS $ 139,467 $ 177,233 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Payroll payable $ 7,946 $ 7,874 Taxes payable 795 - Advances from customers 182,564 243,552 Advances from customers - related party 190,324 155,135 Due to related parties 273,560 97,138 Shares to be issued - 107,200 Other payables 21,174 110,298 Total Current Liabilities 676,363 721,197 Commitments and Contingencies - - Stockholders' Equity: Common Stock, No par value, 100,000,000 shares authorized; 45,518,000 shares and 45,000,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023 - - Additional paid-in capital 607,200 500,000 Accumulated deficits ( 1,167,497 ) ( 1,064,348 ) Other comprehensive income 23,401 20,384 Total Stockholders' Equity ( 536,896 ) ( 543,964 ) TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 139,467 $ 177,233 The accompanying notes are an integral part of these consolidated financial statements TIAN'AN TECHNOLOGY GROUP LTD. AND SUBSIDIARIES CONSOLIDATED (UNAUDITED) 2024 2023 For the six months ended June 30, 2024 2023 Revenue $ 54,720 $ 169,004 Revenue - related parties 78,032 47,688 Total Revenues 132,752 216,692 Cost of revenue 31,588 119,901 Cost of revenue - related parties 44,705 37,045 Total Cost of Revenue 76,293 156,946 Gross profit 56,459 59,746 Operating Expenses: Selling and marketing 18,356 17,657 General and administrative 140,678 118,531 Total operating expenses 159,034 136,188 Loss from operations ( 102,575 ) ( 76,442 ) Other Income (Loss): Interest income, net 9 17 Other expense, net ( 583 ) ( 474 ) Other loss, net ( 574 ) ( 457 ) Loss before income taxes ( 103,149 ) ( 76,899 ) Income taxes - - Net loss ( 103,149 ) ( 76,899 ) Other Comprehensive Loss: Foreign currency translation adjustment 3,017 18,489 Comprehensive loss $ ( 100,132 ) $ ( 58,410 ) Loss per common share, basic and diluted $ ( 0.00 ) $ ( 0.00 ) Weighted average number of shares outstanding, basic and diluted 45,501,016 45,000,000 The accompanying notes are an integral part of these consolidated financial statements TIAN'AN TECHNOLOGY GROUP LTD. AND SUBSIDIARIES CONSOLIDATED Number of Shares Common Stock Paid-in Capital Accumulated Deficits Comprehensive Income Total Common Stock Additional Other Number of Shares Common Stock Paid-in Capital Accumulated Deficits Comprehensive Income Total Balance at December 31, 2022 45,000,000 $ - $ 500,000 $ ( 814,339 ) $ 6,840 $ ( 307,499 ) Net loss - - - ( 250,009 ) - ( 250,009 ) Foreign currency translation adjustment - - - - 13,544 13,544 Balance at December 31, 2023 45,000,000 - 500,000 ( 1,064,348 ) 20,384 ( 543,964 ) Balance 45,000,000 - 500,000 ( 1,064,348 ) 20,384 ( 543,964 ) Net loss - - - ( 103,149 ) - ( 103,149 ) Issuance of new shares 518,000 - 107,200 - - 107,200 Foreign currency translation adjustment - - - - 3,017 3,017 Balance at June 30, 2024 (unaudited) 45,518,000 $ - $ 607,200 $ ( 1,167,497 ) $ 23,401 $ ( 536,896 ) Balance 45,518,000 $ - $ 607,200 $ ( 1,167,497 ) $ 23,401 $ ( 536,896 ) The accompanying notes are an integral part of these consolidated financial statements TIAN'AN TECHNOLOGY GROUP LTD. AND SUBSIDIARIES CONSOLIDATED (UNAUDITED) 2024 2023 For the Six Months Ended June 30, 2024 2023 CASH FLOWS FROM OPERATING ACTIVITIES: Net Loss $ ( 103,149 ) $ ( 76,899 ) Adjustments to Reconcile Net Loss to Net Cash Provided by (Used in) Operating Activities: Depreciation and amortization 52 - Accounts receivable 1,835 ( 37,899 ) Other receivables - 805 Advances to suppliers 46,268 ( 122,385 ) Accounts payable

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View this 6-K filing on SEC EDGAR