Greenpro Capital Corp. Files 10-Q for Period Ending March 31, 2024

Ticker: GRNQ · Form: 10-Q · Filed: 2024-05-13T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, Greenpro Capital Corp., Financial Report, Investment, SEC Filing

TL;DR

<b>Greenpro Capital Corp. has filed its Q1 2024 10-Q report, detailing financial data and investment categories.</b>

AI Summary

Greenpro Capital Corp. (GRNQ) filed a Quarterly Report (10-Q) with the SEC on May 13, 2024. Filing is a 10-Q for Greenpro Capital Corp. for the period ending March 31, 2024. The company was formerly known as Greenpro, Inc. and changed its name on January 22, 2014. The filing includes data related to common stock, additional paid-in capital, comprehensive income, retained earnings, and noncontrolling interest for various periods. Specific investment categories mentioned include GreenPro Venture Capital, Investments in Equity Securities, TwentyFourInvestments, ThirteenInvestments, and TwentyFiveInvestments. The filing references revenue from contracts with customers.

Why It Matters

For investors and stakeholders tracking Greenpro Capital Corp., this filing contains several important signals. This 10-Q filing provides an update on Greenpro Capital Corp.'s financial position and performance for the first quarter of 2024, which is crucial for investors to assess the company's current health and operational status. The detailed breakdown of equity, capital, income, and retained earnings, along with specific investment classifications, allows stakeholders to understand the composition of the company's assets and liabilities and its investment strategy.

Risk Assessment

Risk Level: medium — Greenpro Capital Corp. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) which typically contains less detailed forward-looking information than an annual report (10-K), and the provided text lacks specific financial performance metrics or significant business developments.

Analyst Insight

Review the full 10-Q filing for detailed financial statements, management discussion and analysis, and any disclosed risks or significant events to form a comprehensive investment thesis.

Key Numbers

Key Players & Entities

FAQ

When did Greenpro Capital Corp. file this 10-Q?

Greenpro Capital Corp. filed this Quarterly Report (10-Q) with the SEC on May 13, 2024.

What is a 10-Q filing?

A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by Greenpro Capital Corp. (GRNQ).

Where can I read the original 10-Q filing from Greenpro Capital Corp.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Greenpro Capital Corp..

What are the key takeaways from Greenpro Capital Corp.'s 10-Q?

Greenpro Capital Corp. filed this 10-Q on May 13, 2024. Key takeaways: Filing is a 10-Q for Greenpro Capital Corp. for the period ending March 31, 2024.. The company was formerly known as Greenpro, Inc. and changed its name on January 22, 2014.. The filing includes data related to common stock, additional paid-in capital, comprehensive income, retained earnings, and noncontrolling interest for various periods..

Is Greenpro Capital Corp. a risky investment based on this filing?

Based on this 10-Q, Greenpro Capital Corp. presents a moderate-risk profile. The filing is a standard quarterly report (10-Q) which typically contains less detailed forward-looking information than an annual report (10-K), and the provided text lacks specific financial performance metrics or significant business developments.

What should investors do after reading Greenpro Capital Corp.'s 10-Q?

Review the full 10-Q filing for detailed financial statements, management discussion and analysis, and any disclosed risks or significant events to form a comprehensive investment thesis. The overall sentiment from this filing is neutral.

How does Greenpro Capital Corp. compare to its industry peers?

Greenpro Capital Corp. operates within the services sector, specifically computer processing and data preparation, as indicated by its SIC code.

Are there regulatory concerns for Greenpro Capital Corp.?

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

Industry Context

Greenpro Capital Corp. operates within the services sector, specifically computer processing and data preparation, as indicated by its SIC code.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

  1. Obtain and review the full 10-Q filing for detailed financial statements and management discussion.
  2. Analyze the specific investment categories mentioned (e.g., GreenPro Venture Capital, Investments in Equity Securities) for strategic insights.
  3. Compare the financial data presented in this 10-Q with previous filings to identify trends and performance changes.

Year-Over-Year Comparison

This filing is a 10-Q for the first quarter of 2024, providing an update on the company's financial status since its last reported period.

Filing Stats: 4,500 words · 18 min read · ~15 pages · Grade level 18.2 · Accepted 2024-05-13 06:20:55

Key Financial Figures

Filing Documents

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 23 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 29 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 29 PART II OTHER INFORMATION 30 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 30 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 30 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 30 ITEM 4 MINE SAFETY DISCLOSURES 30 ITEM 5 OTHER INFORMATION 30 ITEM 6 EXHIBITS 30

SIGNATURES

SIGNATURES 31 2 PART I – FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements . GREENPRO CAPITAL CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF MARCH 31, 2024 AND DECEMBER 31, 2023 (In U.S. dollars, except share and per share data) March 31, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents (including $ 63,890 and $ 166,481 of time deposits as of March 31, 2024 and December 31, 2023, respectively) $ 1,654,243 $ 2,223,197 Accounts receivable, net of allowance for credit losses of $ 734,729 and $ 610,599 as of March 31, 2024 and December 31, 2023, respectively (including $ 14,292 and $ 0 of net accounts receivable from related parties as of March 31, 2024 and December 31, 2023, respectively) 60,635 44,938 Prepaids and other current assets 452,993 627,315 Due from related parties 898,947 750,860 Deferred cost of revenue 14,486 16,291 Total current assets 3,081,304 3,662,601 Property and equipment, net 2,346,065 2,413,538 Real Estate investments: Real estate held for sale 1,659,207 1,659,207 Real estate held for investment, net 577,555 598,748 Intangible assets, net 999 1,181 Goodwill 82,561 82,561 Other investments (including $ 99,586 and $ 100,106 of investments in related parties as of March 31, 2024 and December 31, 2023, respectively) 99,586 100,106 Operating lease right-of-use assets, net 91,023 114,551 Finance lease right-of-use asset, net 23,396 25,527 TOTAL ASSETS $ 7,961,696 $ 8,658,020 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $ 451,771 $ 724,796 Due to related parties 332,080 389,274 Income tax payable 1,398 292 Operating lease liabilities, current portion 91,023 94,726 Finance lease liabilities, current portion 3,386 3,426 Deferred revenue (including $ 75,800 and $ 157,500 from related parties as of March 31, 2024 and Decem

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