VERDE RESOURCES, INC.: 10-Q filed 2023-02-14

Name: VERDE RESOURCES, INC.: 10-Q filed 2023-02-14
Creator: VERDE RESOURCES, INC.

What VERDE RESOURCES, INC. reported in its quarterly report filed 2023-02-14 (fiscal Q2 2023): 42 published measures, 121 facts as tagged in accession 0001640334-23-000220.

This filing

Form: 10-Q (quarterly report)
Filed: 2023-02-14
Fiscal period: fiscal Q2 2023
Accession: 0001640334-23-000220 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 VERDE RESOURCES, INC. 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 2022-12-31	39,635,360	USD
At 2022-06-30	33,663,463	USD

Total liabilities

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

Period	Value	Unit	Days
At 2022-12-31	2,322,253	USD
At 2022-06-30	19,514,546	USD

Stockholders equity

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

Period	Value	Unit
At 2022-12-31	37,313,107	USD
At 2022-09-30	14,449,031	USD
At 2022-06-30	14,148,917	USD
At 2021-12-31	15,228,798	USD
At 2021-09-30	15,982,375	USD
At 2021-06-30	15,769,925	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	Days
At 2022-12-31	363,560	USD
At 2022-06-30	418,917	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
2022-10-01 to 2022-12-31	-2,160,266	USD	92
2022-07-01 to 2022-12-31	-3,516,672	USD	184
2021-10-01 to 2021-12-31	-843,248	USD	92
2021-07-01 to 2021-12-31	-1,665,920	USD	184

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
2022-07-01 to 2022-12-31	-990,787	USD	184
2021-07-01 to 2021-12-31	-543,559	USD	184

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
2022-07-01 to 2022-12-31	0	USD	184
2021-07-01 to 2021-12-31	240,000	USD	184

Revenue

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

Period	Value	Unit	Days
2022-10-01 to 2022-12-31	81,140	USD	92
2022-07-01 to 2022-12-31	107,452	USD	184
2021-10-01 to 2021-12-31	0	USD	92
2021-07-01 to 2021-12-31	0	USD	184

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2022-07-01 to 2022-12-31	1,391,098	USD	184
2021-07-01 to 2021-12-31	-2,610	USD	184

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
2022-07-01 to 2022-12-31	-445,326	USD	184
2021-07-01 to 2021-12-31	-390,836	USD	184

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 2022-12-31	-9,810,142	USD
At 2022-06-30	-10,357,920	USD

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2022-10-01 to 2022-12-31	867,178,851	shares	92
2022-07-01 to 2022-12-31	867,178,851	shares	184
2021-10-01 to 2021-12-31	810,742,109	shares	92
2021-07-01 to 2021-12-31	810,742,109	shares	184

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Unit	Days
2022-10-01 to 2022-12-31	USD/shares	92
2022-07-01 to 2022-12-31	USD/shares	184
2021-10-01 to 2021-12-31	USD/shares	92
2021-07-01 to 2021-12-31	USD/shares	184

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Unit	Days
2022-10-01 to 2022-12-31	USD/shares	92
2022-07-01 to 2022-12-31	USD/shares	184
2021-10-01 to 2021-12-31	USD/shares	92
2021-07-01 to 2021-12-31	USD/shares	184

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	Unit	Days
2022-10-01 to 2022-12-31	USD	92
2022-07-01 to 2022-12-31	USD	184
2021-10-01 to 2021-12-31	USD	92
2021-07-01 to 2021-12-31	USD	184

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 2022-12-31	2,365,697	USD
At 2022-06-30	1,048,893	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
2021-10-01 to 2022-09-30	232,500	USD	365
2021-10-01 to 2021-12-31	95,094	USD	92
2021-07-01 to 2021-09-30	96,128	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 2022-12-31	1,290,968	USD
At 2022-06-30	646,218	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2022-10-01 to 2022-12-31	1,349,548	USD	92
2022-07-01 to 2022-12-31	1,879,660	USD	184
2021-10-01 to 2021-12-31	484,168	USD	92
2021-07-01 to 2021-12-31	954,934	USD	184

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 2022-12-31	1,595,035	USD
At 2022-06-30	19,416,646	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 2022-12-31	48,483	USD
At 2022-06-30	18,211	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
2022-10-01 to 2022-12-31	862,080	USD	92
2022-07-01 to 2022-12-31	1,672,522	USD	184
2021-10-01 to 2021-12-31	359,105	USD	92
2021-07-01 to 2021-12-31	723,101	USD	184

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2022-12-31	104,462	USD
At 2022-06-30	87,035	USD

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
2022-10-01 to 2022-12-31	49,484	USD	92
2022-07-01 to 2022-12-31	27,857	USD	184
2021-10-01 to 2021-12-31	0	USD	92
2021-07-01 to 2021-12-31	0	USD	184

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 2022-12-31	1,173,576,654	shares
At 2022-06-30	819,188,055	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2022-12-31	363,560	USD
At 2022-06-30	418,917	USD
At 2021-12-31	1,176,729	USD
At 2021-06-30	2,117,622	USD

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 2022-12-31	45,218,582	USD
At 2022-06-30	22,945,190	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 2022-12-31	731,091	USD
At 2022-06-30	742,459	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 2022-12-31	693,596	USD
At 2022-06-30	685,714	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 2022-12-31	18,975	USD
At 2022-06-30	0	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 2022-12-31	4,051,509	USD
At 2022-06-30	2,658,307	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 2022-12-31	1,685,812	USD
At 2022-06-30	1,609,414	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2022-12-31	0	USD
At 2022-06-30	0	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
2022-10-01 to 2022-12-31	-2,160,266	USD	92
2022-07-01 to 2022-12-31	-3,516,672	USD	184
2021-10-01 to 2021-12-31	-843,248	USD	92
2021-07-01 to 2021-12-31	-1,665,920	USD	184

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
2022-10-01 to 2022-12-31	-2,160,266	USD	92
2022-07-01 to 2022-12-31	-3,516,672	USD	184
2022-07-01 to 2022-09-30	-1,356,406	USD	92
2021-10-01 to 2021-12-31	-843,248	USD	92
2021-07-01 to 2021-12-31	-1,665,920	USD	184
2021-07-01 to 2021-09-30	-822,672	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
2022-10-01 to 2022-12-31	-2,251,454	USD	92
2022-07-01 to 2022-12-31	-3,528,040	USD	184
2021-10-01 to 2021-12-31	-848,671	USD	92
2021-07-01 to 2021-12-31	-1,662,349	USD	184

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
2022-10-01 to 2022-12-31	862,080	USD	92
2022-07-01 to 2022-12-31	1,672,522	USD	184
2021-10-01 to 2021-12-31	359,105	USD	92
2021-07-01 to 2021-12-31	723,101	USD	184

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2022-10-01 to 2022-12-31	51,955	USD	92
2022-07-01 to 2022-12-31	79,907	USD	184
2021-10-01 to 2021-12-31	4,134	USD	92
2021-07-01 to 2021-12-31	5,220	USD	184

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2022-07-01 to 2022-12-31	0	USD	184
2021-07-01 to 2021-12-31	0	USD	184

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2022-07-01 to 2022-12-31	1,376,280	USD	184
2021-07-01 to 2021-12-31	0	USD	184

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
2022-07-01 to 2022-12-31	4,489	USD	184
2021-07-01 to 2021-12-31	0	USD	184

Change in inventories

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

Period	Value	Unit	Days
2022-07-01 to 2022-12-31	17,320	USD	184
2021-07-01 to 2021-12-31	0	USD	184

Inspect the source

Entity: VERDE RESOURCES, INC. / CIK 0001506929
Captured: 2026-09-20T09:12:34.719Z
SEC response SHA-256: 1126b9ea9e5dd909aca2e5b9e3560984d8fe5e9bfd180c314089af78a36dc494

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

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001506929.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"])))