LiquidValue Development Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>LiquidValue Development Inc. has filed its annual 10-K report for the fiscal year ending December 31, 2023.</b>

AI Summary

LiquidValue Development Inc. (WNHK) filed a Annual Report (10-K) with the SEC on April 1, 2024. LiquidValue Development Inc. (formerly SeD Intelligent Home Inc.) filed its 10-K for the fiscal year ending December 31, 2023. The company's principal business address is located at 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814. The company was incorporated in Nevada. The filing includes financial data for the fiscal years 2021, 2022, and 2023. Key dates mentioned include the filing date of April 1, 2024, and the fiscal year end of December 31, 2023.

Why It Matters

For investors and stakeholders tracking LiquidValue Development Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of LiquidValue Development Inc.'s financial performance and business operations for the fiscal year 2023, which is crucial for investors to assess the company's current standing and future prospects. The report details historical financial data for 2021, 2022, and 2023, allowing for trend analysis and comparison of key financial metrics.

Risk Assessment

Risk Level: low — LiquidValue Development Inc. shows low risk based on this filing. The filing is a standard 10-K annual report, which typically contains routine financial and operational information, and does not indicate any immediate or significant new risks.

Analyst Insight

Review the detailed financial statements and risk factors within the 10-K to understand LiquidValue Development Inc.'s performance and potential challenges.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-01 — Filing Date (Filed as of date)
• 2023 — Fiscal Year (Reporting period)
• 2022 — Fiscal Year (Reporting period)
• 2021 — Fiscal Year (Reporting period)

Key Players & Entities

• LiquidValue Development Inc. (company) — Filer name
• SeD Intelligent Home Inc. (company) — Former company name
• HOMEOWNUSA (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 2024-04-01 (date) — Filing date
• NV (jurisdiction) — State of incorporation
• MD (state) — Business address state
• 301-971-3940 (phone) — Business phone number

FAQ

Key Dates

• 2024-04-01: 10-K Filing — Official filing date of the annual report for the fiscal year 2023.
• 2023-12-31: Fiscal Year End — End date of the reporting period covered by the 10-K.
• 2017-10-19: Name Change — Date when the company changed its name from SeD Intelligent Home Inc.
• 2010-10-15: Name Change — Date when the company changed its name from HOMEOWNUSA.

Key Financial Figures

• $0.001 — section 12(g) of the Act: Common Stock, $0.001 par value Indicate by check mark if t
• $32,099,017 — cember 31, 2023, we had total assets of $32,099,017 and total liabilities of $3,200,002. To
• $3,200,002 — of $32,099,017 and total liabilities of $3,200,002. Total assets as of December 31, 2022 w
• $52,703,365 — tal assets as of December 31, 2022 were $52,703,365 and total liabilities were $30,289,784.
• $30,289,784 — $52,703,365 and total liabilities were $30,289,784. 4 Employees At the present time,
• $71,431 — te, the Company has spent approximately $71,431 on environmental studies and compliance
• $310,000 — ee" for each lot, collectively totaling $310,000 which was held in escrow. 150 CCM Black
• $6,175,000 — reement, the purchase price remained at $6,175,000. 150 CCM Black Oak, Ltd. was required t
• $2.4 million — airment of real estate of approximately $2.4 million related to this sale was recorded on De
• $4,592,079 — y 20, 2018, Lakes at Black Oak received $4,592,079 of district reimbursement for previous
• $1,650,000 — n the land development. Of this amount, $1,650,000 remained on deposit in the District's C
• $750,000 — On November 4, 2021, Black Oak received $750,000 reimbursement from Aqua Texas pursuant
• $6,000 — a is obligated to pay 150 CCM Black Oak $6,000 for each connection made to an individu
• $7.4 million — s is anticipated to equal approximately $7.4 million. Pursuant to the other Agreement, the S
• $3.3 million — s is anticipated to equal approximately $3.3 million. The closing of the transactions descri

Filing Documents

• form10-k.htm (10-K) — 1021KB
• ex21.htm (EX-21) — 5KB
• ex31-1a.htm (EX-31.1A) — 12KB
• ex31-1b.htm (EX-31.1B) — 12KB
• ex31-2a.htm (EX-31.2A) — 11KB
• ex31-2b.htm (EX-31.2B) — 11KB
• ex32-1.htm (EX-32.1) — 7KB
• ex97-1.htm (EX-97.1) — 73KB
• form10-k_001.jpg (GRAPHIC) — 49KB
• form10-k_002.jpg (GRAPHIC) — 6KB
• form10-k_003.jpg (GRAPHIC) — 8KB
• form10-k_004.jpg (GRAPHIC) — 9KB
• 0001493152-24-012376.txt (&nbsp;) — 5305KB
• lvdw-20231231.xsd (EX-101.SCH) — 37KB
• lvdw-20231231_cal.xml (EX-101.CAL) — 64KB
• lvdw-20231231_def.xml (EX-101.DEF) — 165KB
• lvdw-20231231_lab.xml (EX-101.LAB) — 339KB
• lvdw-20231231_pre.xml (EX-101.PRE) — 251KB
• form10-k_htm.xml (XML) — 653KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 12 Item 1C. Cybersecurity 12 Item 2.

Properties

Properties 13 Item 3.

Legal Proceedings

Legal Proceedings 13 Item 4. Mine Safety Disclosures 13 PART II 14 Item 5. Market for Company's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities 14 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 14 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 21 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 22 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures 42 Item 9A.

Controls and Procedures

Controls and Procedures 42 Item 9B. Other Information 43 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 43 PART III 44 Item 10. Directors, Executive Officers and Corporate Governance 44 Item 11.

Executive Compensation

Executive Compensation 47 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 49 Item 13. Certain Relationships and Related Transactions, and Director Independence 50 Item 14. Principal Accounting Fees and Services 52 PART IV 53 Item 15. Exhibit and Financial Statement Schedules 53 Item 16. Form 10-K Summary 54

Signatures

Signatures 55 2 PART I Item 1. Business. General LiquidValue Development Inc. (the "Company"), formerly known as SeD Intelligent Home Inc. and Homeownusa, was incorporated in the State of Nevada on December 10, 2009. Our address is 4800 Montgomery Lane, Suite 210, Bethesda, MD, 20814. Our telephone number is 301-971-3940. On December 22, 2016 Alset International Limited (formerly known as Singapore eDevelopment Limited and referred to herein as "Alset International") acquired 74,015,730 shares of the Company's common stock. Alset International subsequently contributed its Alset EHome Inc. until December 29, 2017, at which time SeD Intelligent Home Inc. contributed its shares of Alset EHome Inc. to the Company). On January 10, 2017, our board of directors appointed Fai H. Chan as Director. On March 10, 2017, Rongguo (Ronald) Wei was appointed as Chief Financial Officer of the Company. On December 29, 2017, our board of directors appointed Moe T. Chan as a Director and Co-Chief Executive Officer. On December 29, 2017, our board of directors appointed Charles MacKenzie as a Director. On December 29, 2017, Fai H. Chan was appointed as Chief Executive Officer of the Company. On December 29, 2017, Lui Wai Leung Alan was appointed as Co-Chief Financial Officer of the Company. On September 5, 2017, the Company changed its name to SeD Intelligent Home Inc., and increased its number of authorized shares to 1,000,000,000 (the par value per share remained $0.001). On July 7, 2020, the Company changed its name to LiquidValue Development Management Inc. On December 29, 2017, the Company, SeD Acquisition Corp., a Delaware corporation and wholly-owned subsidiary of the Company (the "Merger Sub"), Alset EHome Inc. (formerly known as Alset iHome Inc, SeD Home & REITs Inc. and SeD Home, Inc., and referred to herein as "Alset EHome"), a

View Full Filing

View this 10-K filing on SEC EDGAR