YCQH Agricultural Technology Files Q1 2024 10-Q
Ticker: ZHJD · Form: 10-Q · Filed: May 20, 2024 · CIK: 1794276
| Field | Detail |
|---|---|
| Company | Ycqh Agricultural Technology Co. Ltd (ZHJD) |
| Form Type | 10-Q |
| Filed Date | May 20, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.0001, $, $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, agriculture-chemicals
TL;DR
YCQH Ag Tech filed its Q1 2024 10-Q. Financials and operations detailed.
AI Summary
YCQH Agricultural Technology Co. Ltd filed its 10-Q for the period ending March 31, 2024. The filing details financial performance and operational updates for the first quarter of 2024. The company is based in Chengdu, Sichuan Province, China, and operates in the agriculture chemicals sector.
Why It Matters
This filing provides investors and stakeholders with the latest financial health and operational status of YCQH Agricultural Technology Co. Ltd for the first quarter of 2024.
Risk Assessment
Risk Level: medium — The risk level is medium due to the company's specific industry (agriculture chemicals) and its location in China, which can be subject to unique regulatory and market risks.
Key Numbers
- 2024-03-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
- 2024-05-20 — Filing Date (Shows when the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- YCQH Agricultural Technology Co. Ltd (company) — Filer of the 10-Q
- 20240331 (date) — End of the reporting period
- 20240520 (date) — Filing date
- Chengdu, Sichuan Province (location) — Company's business address
FAQ
What is the primary business of YCQH Agricultural Technology Co. Ltd?
YCQH Agricultural Technology Co. Ltd operates in the AGRICULTURE CHEMICALS sector, with a Standard Industrial Classification code of [2870].
For which fiscal period is this 10-Q filing?
This 10-Q filing is for the period ending March 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on May 20, 2024.
Where is YCQH Agricultural Technology Co. Ltd located?
The company's business and mailing address is located in Chengdu, Sichuan Province, China.
What is the fiscal year end for YCQH Agricultural Technology Co. Ltd?
The company's fiscal year ends on December 31.
Filing Stats: 4,499 words · 18 min read · ~15 pages · Grade level 15.3 · Accepted 2024-05-20 11:55:29
Key Financial Figures
- $0.0001 — tanding at May 20, 2024 Common Stock, $0.0001 par value 101,400,000 TABLE OF CONT
- $ — cy is not the US$ are translated into US$, in accordance with ASC Topic 830-30, "
- $1 — d March 31, 2023 Period-end HK$ : US$1 exchange rate 7.82 7.75 Period-end
Filing Documents
- form10-q.htm (10-Q) — 843KB
- ex31-1.htm (EX-31.1) — 16KB
- ex32-1.htm (EX-32.1) — 10KB
- 0001493152-24-020600.txt ( ) — 4650KB
- ycqh-20240331.xsd (EX-101.SCH) — 37KB
- ycqh-20240331_cal.xml (EX-101.CAL) — 44KB
- ycqh-20240331_def.xml (EX-101.DEF) — 83KB
- ycqh-20240331_lab.xml (EX-101.LAB) — 250KB
- ycqh-20240331_pre.xml (EX-101.PRE) — 195KB
- form10-q_htm.xml (XML) — 881KB
SIGNATURES
SIGNATURES 10 -2- PART I — FINANCIAL INFORMATION ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS YCQH AGRICULTURAL TECHNOLOGY CO. LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2024 AND DECEMBER 31, 2023 (Currency expressed in United States Dollars ("US
quot;), except for number of shares or otherwise stated) As of March 31, 2024 As of December 31, 2023 ASSETS Current assets Cash and cash equivalents $ 131,357 $ 95,938 Inventories 120,832 113,688 Prepayment, deposits and other receivables 177,923 132,747 Total current assets 430,112 342,373 Non-current Assets Right-of-use assets, net $ 27,648 $ 34,954 Total non-current assets 27,648 34,954 TOTAL ASSETS $ 457,760 $ 377,327 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Trade payables $ 24,566 $ 12,597 Other payables and accrued liabilities 51,623 32,242 Deferred revenue 3,208 14,782 Amount due to a director 416,948 501,890 Lease liability – current portion 14,009 34,954 Total current liabilities $ 510,354 $ 596,465 Non-current liabilities Lease liability – non-current portion $ 13,639 $ - Total non-current liabilities 13,639 - TOTAL LIABILITIES $ 523,993 $ 596,465 STOCKHOLDERS' DEFICIT Preferred stock, $ 0.0001 par value; 200,000,000 shares authorized; 0 issued and outstanding - - Common stock, $ 0.0001 par value; 800,000,000 shares authorized; 101,400,000 shares and 101,400,000 shares of common stock issued and outstanding as of March 31, 2024 and December 31, 2023, respectively $ 10,140 $ 10,140 Additional paid-in capital 148,860 148,860 Accumulated other comprehensive (loss)/income ( 842 ) 1,860 Accumulated deficit ( 224,391 ) ( 379,998 ) TOTAL STOCKHOLDERS' DEFICIT $ ( 66,233 ) $ ( 219,138 ) TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 457,760 $ 377,327 See accompanying notes to unaudited condensed consolidated financial statements. F-1 YCQH AGRICULTUR