AiXin Life International Files 10-Q for Q2 2024
Ticker: AIXN · Form: 10-Q · Filed: Sep 3, 2024 · CIK: 835662
Sentiment: neutral
Topics: 10-Q, financials, hospitality
TL;DR
AIXN 10-Q filed: Q2 2024 results out, compare to last year. Check financials.
AI Summary
AiXin Life International, Inc. filed its 10-Q for the period ending June 30, 2024. The company's principal business is operating hotels and providing related services. The filing details financial performance and operational aspects for the second quarter and the first half of 2024, comparing it to the same periods in 2023.
Why It Matters
This filing provides investors with a crucial update on AiXin Life International's financial health and operational performance for the second quarter of 2024, enabling informed investment decisions.
Risk Assessment
Risk Level: medium — The company operates in the hospitality sector, which can be sensitive to economic downturns and changing consumer travel habits.
Key Numbers
- Q2 2024 — Reporting Period (Financial results for the second quarter of 2024 are detailed.)
- First Half 2024 — Reporting Period (Financial results for the first six months of 2024 are detailed.)
Key Players & Entities
- AiXin Life International, Inc. (company) — Filer of the 10-Q
- 20240630 (date) — End of reporting period
- 20240903 (date) — Filing date
FAQ
What is the primary business of AiXin Life International, Inc.?
AiXin Life International, Inc.'s principal business is operating hotels and providing related services.
For what period is this 10-Q filing?
This 10-Q filing is for the period ending June 30, 2024.
What is the SIC code for AiXin Life International, Inc.?
The Standard Industrial Classification (SIC) code for AiXin Life International, Inc. is 5912, which corresponds to RETAIL-DRUG STORES AND PROPRIETARY STORES.
When was AiXin Life International, Inc. formerly known as MERCARI COMMUNICATIONS GROUP LTD?
The company changed its name from MERCARI COMMUNICATIONS GROUP LTD on July 7, 1988.
What are the key financial periods covered in this filing?
This filing covers the second quarter of 2024 and the first half of 2024, with comparisons to the same periods in 2023.
Filing Stats: 4,480 words · 18 min read · ~15 pages · Grade level 16.8 · Accepted 2024-09-03 17:22:51
Key Financial Figures
- $0.00001 — nge on which Registered Common Stock, $0.00001 Par Value AIXN OTCQB Indicate by
Filing Documents
- form10-q.htm (10-Q) — 1070KB
- ex31-1.htm (EX-31.1) — 12KB
- ex31-2.htm (EX-31.2) — 12KB
- ex32-1.htm (EX-32.1) — 7KB
- ex32-2.htm (EX-32.2) — 6KB
- 0001493152-24-034864.txt ( ) — 6188KB
- aixn-20240630.xsd (EX-101.SCH) — 50KB
- aixn-20240630_cal.xml (EX-101.CAL) — 77KB
- aixn-20240630_def.xml (EX-101.DEF) — 215KB
- aixn-20240630_lab.xml (EX-101.LAB) — 344KB
- aixn-20240630_pre.xml (EX-101.PRE) — 296KB
- form10-q_htm.xml (XML) — 1060KB
– Financial Information
Part I – Financial Information 4 Item 1. Consolidated
Financial Statements
Financial Statements 4 Consolidated Balance Sheets 4 Consolidated Statements of Operations and Comprehensive Income (Loss) 5 Consolidated Statements of Stockholders' Equity 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 26 Item 4.
Controls and Procedures
Controls and Procedures 37
– Other Information
Part II – Other Information 38 Item 1A.
Risk Factors
Risk Factors 38 Item 6. Exhibits 38
Signatures
Signatures 39 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