Greenpro Capital Corp. Files Q3 2024 10-Q

Ticker: GRNQ · Form: 10-Q · Filed: 2024-11-13T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, reporting

Related Tickers: GRNQ

TL;DR

Greenpro Capital Corp. filed its Q3 10-Q. Check financials for latest performance.

AI Summary

Greenpro Capital Corp. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Specific financial figures and business segment performance are outlined within the report.

Why It Matters

This filing provides investors with the latest financial health and operational status of Greenpro Capital Corp., crucial for making informed investment decisions.

Risk Assessment

Risk Level: medium — The company operates in management consulting services, which can be subject to economic fluctuations and competitive pressures.

Key Numbers

Q3 2024 — Reporting Period (The company's financial performance for the third quarter of 2024 is detailed.)
September 30, 2024 — Fiscal Period End (The end date for the financial reporting period covered by the 10-Q.)
November 13, 2024 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

Greenpro Capital Corp. (company) — Filer of the 10-Q
20240930 (date) — End of the reporting period
20241113 (date) — Filing date
8742 (number) — Standard Industrial Classification for Management Consulting Services
Kuala Lumpur (location) — Business and mailing address city

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the quarter ended September 30, 2024.

When was this 10-Q filed with the SEC?

This 10-Q was filed on November 13, 2024.

What is Greenpro Capital Corp.'s Standard Industrial Classification code?

Greenpro Capital Corp.'s Standard Industrial Classification code is 8742, which corresponds to Services-Management Consulting Services.

Where are Greenpro Capital Corp.'s business and mailing addresses located?

Greenpro Capital Corp.'s business and mailing addresses are located in Kuala Lumpur, Malaysia.

What was the previous company name for Greenpro Capital Corp. and when did the name change occur?

The former company name was Greenpro, Inc., and the date of the name change was January 22, 2014.

Filing Stats: 4,517 words · 18 min read · ~15 pages · Grade level 19.2 · Accepted 2024-11-13 08:43:31

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) — 1104KB
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
0001493152-24-044980.txt ( ) — 6352KB
grnq-20240930.xsd (EX-101.SCH) — 46KB
grnq-20240930_cal.xml (EX-101.CAL) — 70KB
grnq-20240930_def.xml (EX-101.DEF) — 181KB
grnq-20240930_lab.xml (EX-101.LAB) — 354KB
grnq-20240930_pre.xml (EX-101.PRE) — 290KB
form10-q_htm.xml (XML) — 1109KB

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 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 33 PART II OTHER INFORMATION 34 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 34 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 34 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 34 ITEM 4 MINE SAFETY DISCLOSURES 34 ITEM 5 OTHER INFORMATION 34 ITEM 6 EXHIBITS 34

SIGNATURES

SIGNATURES 35 2 PART I – FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements . GREENPRO CAPITAL CORP. CONDENSED CONSOLIDATED BALANCE SHEETS AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023 (In U.S. dollars, except share and per share data) September 30, 2024 December 31, 2023 (Unaudited) (Audited) ASSETS Current assets: Cash and cash equivalents (including $ 79,796 and $ 166,481 of time deposits as of September 30, 2024 and December 31, 2023, respectively) $ 1,027,513 $ 2,223,197 Accounts receivable, net of allowance for credit losses of $ 225,400 and $ 610,599 as of September 30, 2024 and December 31, 2023, respectively 70,220 44,938 Prepaids and other current assets 436,792 627,315 Due from related parties 936,761 750,860 Deferred cost of revenue 29,337 16,291 Total current assets 2,500,623 3,662,601 Property and equipment, net 2,346,307 2,413,538 Real estate investments: Real estate held for sale 980,402 1,659,207 Real estate held for investment, net 652,128 598,748 Intangible assets, net 777 1,181 Goodwill 88,596 82,561 Other investments (including $ 99,598 and $ 100,106 of investments in related parties as of September 30, 2024 and December 31, 2023, respectively) 99,598 100,106 Operating lease right-of-use assets, net 44,082 114,551 Finance lease right-of-use asset, net 23,577 25,527 TOTAL ASSETS $ 6,736,090 $ 8,658,020 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $ 576,466 $ 724,796 Due to related parties 64,401 389,274 Income tax payable - 292 Operating lease liabilities, current portion 44,082 94,726 Finance lease liabilities, current portion 4,012 3,426 Deferred revenue (including $ 157,500 from related parties as of December 31, 2023) 1,169,265 1,075,404 Total current liabilities 1,858,226 2,287,918 Operating lease liabilities, non-current portion - 19,825 Fin