Greenpro Capital Corp. Files Q2 2024 10-Q
Ticker: GRNQ · Form: 10-Q · Filed: 2024-08-13T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Greenpro Capital Corp. dropped its Q2 10-Q, check financials for latest performance.
AI Summary
Greenpro Capital Corp. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of the year. Specific financial figures and operational details for these periods are detailed within the filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Greenpro Capital Corp., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard 10-Q, but the company operates in a sector that can be subject to market volatility and regulatory changes.
Key Numbers
- Q2 2024 — Reporting Period (Financial results for the second quarter of 2024 are detailed.)
- H1 2024 — Reporting Period (Financial results for the first half of 2024 are detailed.)
Key Players & Entities
- Greenpro Capital Corp. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240813 (date) — Filing date
- NV (state) — State of incorporation
- 001-38308 (other) — SEC file number
FAQ
What were Greenpro Capital Corp.'s total revenues for the second quarter of 2024?
The filing details financial results for the period ending June 30, 2024, but specific revenue figures for Q2 2024 are not explicitly stated in the provided header information.
What is the company's primary industry classification?
Greenpro Capital Corp. is classified under SERVICES-COMPUTER PROCESSING & DATA PREPARATION with SIC code 7374.
When was Greenpro Capital Corp. incorporated?
The company is incorporated in Nevada (NV).
What was the previous name of Greenpro Capital Corp.?
The former company name was Greenpro, Inc., with a name change date of January 22, 2014.
What is the filing date of this 10-Q report?
This 10-Q report was filed on August 13, 2024.
Filing Stats: 4,576 words · 18 min read · ~15 pages · Grade level 19.3 · Accepted 2024-08-13 08:20:44
Key Financial Figures
- $0.0001 — nge on Which Registered Common Stock, $0.0001 par value GRNQ NASDAQ Capital Mark
Filing Documents
- form10-q.htm (10-Q) — 1103KB
- ex31-1.htm (EX-31.1) — 16KB
- ex31-2.htm (EX-31.2) — 17KB
- ex32-1.htm (EX-32.1) — 8KB
- ex32-2.htm (EX-32.2) — 8KB
- 0001493152-24-031472.txt ( ) — 6451KB
- grnq-20240630.xsd (EX-101.SCH) — 44KB
- grnq-20240630_cal.xml (EX-101.CAL) — 59KB
- grnq-20240630_def.xml (EX-101.DEF) — 179KB
- grnq-20240630_lab.xml (EX-101.LAB) — 354KB
- grnq-20240630_pre.xml (EX-101.PRE) — 288KB
- form10-q_htm.xml (XML) — 1191KB
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 31 ITEM 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 31 PART II OTHER INFORMATION 32 ITEM 1
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 32 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 32 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 32 ITEM 4 MINE SAFETY DISCLOSURES 32 ITEM 5 OTHER INFORMATION 32 ITEM 6 EXHIBITS 32
SIGNATURES
SIGNATURES 33 2 PART I – FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements . GREENPRO CAPITAL CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF JUNE 30, 2024 AND DECEMBER 31, 2023 (In U.S. dollars, except share and per share data) June 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents (including $ 79,404 and $ 166,481 of time deposits as of June 30, 2024 and December 31, 2023, respectively) $ 1,189,489 $ 2,223,197 Accounts receivable, net of allowance for credit losses of $ 749,000 and $ 610,599 as of June 30, 2024 and December 31, 2023, respectively (including $ 117 and $ 0 of net accounts receivable from related parties as of June 30, 2024 and December 31, 2023, respectively) 77,532 44,938 Prepaids and other current assets 425,042 627,315 Due from related parties 908,361 750,860 Deferred cost of revenue 23,604 16,291 Total current assets 2,624,028 3,662,601 Property and equipment, net 2,299,418 2,413,538 Real Estate investments: Real estate held for sale 980,402 1,659,207 Real estate held for investment, net 574,311 598,748 Intangible assets, net 841 1,181 Goodwill 88,596 82,561 Other investments (including $ 99,586 and $ 100,106 of investments in related parties as of June 30, 2024 and December 31, 2023, respectively) 99,586 100,106 Operating lease right-of-use assets, net 67,666 114,551 Finance lease right-of-use asset, net 22,023 25,527 TOTAL ASSETS $ 6,756,871 $ 8,658,020 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $ 510,535 $ 724,796 Due to related parties 76,449 389,274 Income tax payable - 292 Operating lease liabilities, current portion 67,666 94,726 Finance lease liabilities, current portion 3,449 3,426 Deferred revenue (including $ 75,800 and $ 157,500 from related parties as of June 30, 2024 and December 31, 2023,