Singularity Future Technology Ltd.: 10-Q filed 2019-11-19

Name: Singularity Future Technology Ltd.: 10-Q filed 2019-11-19
Creator: Singularity Future Technology Ltd.

What Singularity Future Technology Ltd. reported in its quarterly report filed 2019-11-19 (fiscal Q1 2020): 44 published measures, 86 facts as tagged in accession 0001213900-19-024058.

This filing

Form: 10-Q (quarterly report)
Filed: 2019-11-19
Fiscal period: fiscal Q1 2020
Accession: 0001213900-19-024058 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Singularity Future Technology Ltd. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2019-09-30	18,690,248	USD
At 2019-06-30	20,599,003	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2019-09-30	5,139,260	USD
At 2019-06-30	5,239,233	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2019-09-30	18,703,337	USD
At 2019-06-30	20,533,392	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2019-09-30	141,438	USD
At 2019-06-30	3,142,650	USD
At 2018-09-30	987,031	USD
At 2018-06-30	7,098,259	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-1,627,353	USD	92
2018-07-01 to 2018-09-30	-1,316,762	USD	92

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-2,670,358	USD	92
2018-07-01 to 2018-09-30	-5,838,443	USD	92

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	4,538	USD	92
2018-07-01 to 2018-09-30	830	USD	92

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	1,786,226	USD	92
2018-07-01 to 2018-09-30	6,499,533	USD	92

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-4,538	USD	92
2018-07-01 to 2018-09-30	-830	USD	92

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2019-09-30	-8,596,053	USD
At 2019-06-30	-6,968,700	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-66,466	USD	92

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2019-09-30	711,638	USD
At 2019-06-30	989,910	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	414,708	USD	92
2018-07-01 to 2018-09-30	817,208	USD	92

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-1,750,080	USD	92
2018-07-01 to 2018-09-30	-1,354,709	USD	92

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2019-09-30	14,323,278	USD
At 2019-06-30	15,945,162	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2019-09-30	4,875,787	USD
At 2019-06-30	5,239,233	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2019-09-30	699,855	USD
At 2019-06-30	567,619	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2019-09-30	73,889	USD
At 2019-06-30	89,722	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2019-09-30	3,991,830	USD
At 2019-06-30	7,045,846	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	2,852,902	USD	92
2018-07-01 to 2018-09-30	2,770,410	USD	92

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	1,102,822	USD	92
2018-07-01 to 2018-09-30	1,415,701	USD	92

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	683,404	USD	92
2018-07-01 to 2018-09-30	5,083,832	USD	92

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2019-09-30	16,659,037	shares
At 2019-06-30	15,879,037	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2019-09-30	1,923,115	USD
At 2019-06-30	2,066,906	USD

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2019-09-30	-1,317,317	USD
At 2019-06-30	-671,106	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2019-09-30	13,550,988	USD
At 2019-06-30	15,359,770	USD
At 2018-09-30	18,602,789	USD
At 2018-06-30	19,535,274	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2019-09-30	427,291	USD

Operating lease liability

Present value of remaining operating lease payments. Discount-rate choices and lease terms affect the amount; it is not the sum of undiscounted future rent.

Period	Value	Unit	Days
At 2019-09-30	400,000	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2019-09-30	1,790,634	USD
At 2019-06-30	2,219,477	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2019-09-30	1,078,996	USD
At 2019-06-30	1,229,567	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2019-09-30	2,928,533	USD
At 2019-06-30	3,054,706	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2019-09-30	92,126	USD
At 2019-06-30	105,054	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-1,748,624	USD	92
2018-07-01 to 2018-09-30	-1,353,997	USD	92

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-1,748,624	USD	92
2018-07-01 to 2018-09-30	-1,287,531	USD	92

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-2,273,564	USD	92
2018-07-01 to 2018-09-30	-1,856,418	USD	92

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	1,091,455	USD	92
2018-07-01 to 2018-09-30	973,752	USD	92

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	154,577	USD	92
2018-07-01 to 2018-09-30	25,715	USD	92

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	34,057	USD	92
2018-07-01 to 2018-09-30	15,833	USD	92

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	1,456	USD	92
2018-07-01 to 2018-09-30	712	USD	92

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	128,034	USD	92

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2018-07-01 to 2018-09-30	-194,500	USD	92

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	11,116	USD	92

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	-2,159,346	USD	92
2018-07-01 to 2018-09-30	3,709,059	USD	92

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2019-07-01 to 2019-09-30	141,114	USD	92
2018-07-01 to 2018-09-30	-2,804,782	USD	92

Inspect the source

Entity: Singularity Future Technology Ltd. / CIK 0001422892
Captured: 2026-09-20T08:03:26.397Z
SEC response SHA-256: 413263a7866de134adb46bf1327b00c1cbf049047e085a54902a434120e92803

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001422892.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))