AiXin Life International Q1 2024 10-Q Filed
Ticker: AIXN · Form: 10-Q · Filed: Jun 13, 2024 · CIK: 835662
Sentiment: neutral
Topics: 10-Q, financials, revenue
TL;DR
AIXN Q1 2024 10-Q is in! Revenue details and party transactions laid out.
AI Summary
AiXin Life International, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial information for the first quarter of 2024, comparing it to the same period in 2023. Specific revenue breakdowns for products, room revenue, and food & beverage are provided, alongside data on related and non-related party transactions.
Why It Matters
This filing provides investors with a quarterly update on AiXin Life International's financial performance, including revenue streams and party transactions, crucial for assessing the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks disclosed.
Key Numbers
- Q1 2024 — Reporting Period (First quarter financial performance is detailed.)
- Q1 2023 — Comparison Period (Financials are compared against the prior year's first quarter.)
Key Players & Entities
- AiXin Life International, Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of the reporting period
- 20240613 (date) — Filing date
- 20230331 (date) — Comparison period end date
FAQ
What are the specific revenue figures for AiXin Life International's product sales in Q1 2024?
The filing indicates revenue from AIXN:ProductsMember for the period January 1, 2024 to March 31, 2024, but specific dollar amounts are not detailed in this header information.
How does room revenue in Q1 2024 compare to Q1 2023?
The filing lists AIXN:RoomRevenueMember for both Q1 2024 and Q1 2023, suggesting a comparison is available within the full document.
What is the nature of the 'Other' revenue category for AiXin Life International in Q1 2024?
The filing includes AIXN:OtherMember for Q1 2024, indicating a category for revenues not classified elsewhere, with details expected in the full report.
Are there significant changes in related party transactions reported for the period ending March 31, 2024?
The filing references us-gaap:RelatedPartyMember for both March 31, 2024, and December 31, 2023, implying a review of these transactions is included.
When was AiXin Life International previously known as MERCARI COMMUNICATIONS GROUP LTD?
The company's name change from MERCARI COMMUNICATIONS GROUP LTD to AiXin Life International, Inc. occurred on July 7, 1988.
Filing Stats: 4,461 words · 18 min read · ~15 pages · Grade level 16.3 · Accepted 2024-06-13 06:05:48
Key Financial Figures
- $0.00001 — nge on which Registered Common Stock, $0.00001 Par Value AIXN OTCQX Indicate by
Filing Documents
- form10-q.htm (10-Q) — 866KB
- ex31-1.htm (EX-31.1) — 13KB
- ex31-2.htm (EX-31.2) — 13KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 7KB
- 0001493152-24-023624.txt ( ) — 5474KB
- aixn-20240331.xsd (EX-101.SCH) — 48KB
- aixn-20240331_cal.xml (EX-101.CAL) — 74KB
- aixn-20240331_def.xml (EX-101.DEF) — 200KB
- aixn-20240331_lab.xml (EX-101.LAB) — 336KB
- aixn-20240331_pre.xml (EX-101.PRE) — 284KB
- form10-q_htm.xml (XML) — 833KB
– Financial Information
Part I – Financial Information 4 Item 1. Consolidated Financial Statements 4 Consolidated Balance Sheets 4 Consolidated Statements of Operations and Comprehensive Loss 5 Consolidated Statements of Stockholders' Deficit 6 Consolidated Statements of Cash Flows 7
Notes to Consolidated Financial Statements
Notes to Consolidated Financial Statements 8 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 4.
Controls and Procedures
Controls and Procedures 34
– Other Information
Part II – Other Information 35 Item 1.
Legal Proceedings
Legal Proceedings 35 Item 1A.
Risk Factors
Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 35 Item 3. Defaults Upon Senior Securities 35 Item 5. Other Information 35 Item 6. Exhibits 36
Signatures
Signatures 37 2 SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This report contains forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "would" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on forward-looking statements. Forward-looking statements include, among other things, statements relating to: our goals and strategies; our future business development, financial condition and results of operations; our expectations regarding demand for, and market acceptance of, our products; our expectations regarding keeping and strengthening our relationships with merchants, manufacturers and end-users; and general economic and business conditions in the regions where we provide our services. Also, forward-looking statements represent our estimates and assumptions only as of the date of this report. You should read this report and the documents that we reference and filed as exhibits to the report completely and with the understanding that our actual future results may be materially different from what we expect. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new informa