Nova Lifestyle Files 2024 10-K
Ticker: XWIN · Form: 10-K · Filed: Mar 31, 2025 · CIK: 1473334
Sentiment: neutral
Topics: 10-k, annual-report, financials, furniture
TL;DR
Nova Lifestyle dropped its 2024 10-K. Check financials for furniture biz.
AI Summary
Nova Lifestyle, Inc. filed its 2024 10-K report on March 31, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, formerly Stevens Resources, Inc., is based in Commerce, California, and operates in the household furniture industry. The filing covers financial data from 2022 through 2024, including common stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Nova Lifestyle's financial health and operational performance for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the furniture industry can be cyclical and sensitive to economic downturns, posing inherent risks.
Key Numbers
- 2024-12-31 — Fiscal Year End (The period covered by the financial statements in the 10-K.)
- 2025-03-31 — Filing Date (The date Nova Lifestyle submitted its annual report to the SEC.)
- 2022-12-31 — Prior Fiscal Year End (Provides comparative financial data for previous periods.)
- 2023-12-31 — Previous Fiscal Year End (Provides comparative financial data for previous periods.)
Key Players & Entities
- Nova Lifestyle, Inc. (company) — Filer of the 10-K
- Stevens Resources, Inc. (company) — Former name of Nova Lifestyle, Inc.
- 2024-12-31 (date) — Fiscal year end for the reported period
- 2025-03-31 (date) — Filing date of the 10-K
- Commerce, CA (location) — Location of Nova Lifestyle's business and mailing address
FAQ
What were Nova Lifestyle's total revenues for the fiscal year ending December 31, 2024?
The provided text does not contain specific revenue figures for the fiscal year ending December 31, 2024. It only indicates the reporting period and filing date.
What is Nova Lifestyle's net income or loss for the fiscal year ending December 31, 2024?
The provided text does not include details on net income or loss for the fiscal year ending December 31, 2024. It focuses on the filing metadata and general company information.
Did Nova Lifestyle's total assets increase or decrease from December 31, 2023, to December 31, 2024?
The provided text does not contain specific balance sheet data, such as total assets, for the periods ending December 31, 2023, and December 31, 2024.
What were the key changes in Nova Lifestyle's equity accounts (Common Stock, Additional Paid-In Capital, Retained Earnings) between 2023 and 2024?
While the filing mentions these equity accounts for 2022 and 2023, the specific values and changes for the period ending December 31, 2024, are not detailed in the provided excerpt.
What is Nova Lifestyle's primary business activity as described in the 10-K?
Nova Lifestyle, Inc. operates in the HOUSEHOLD FURNITURE industry, as indicated by its Standard Industrial Classification (SIC) code 2510.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 31, 2025 regarding Nova Lifestyle, Inc. (XWIN).