Merion, Inc.: 10-Q filed 2022-09-23
What Merion, Inc. reported in its quarterly report filed 2022-09-23 (fiscal Q2 2022): 35 published measures, 100 facts as tagged in accession 0001477932-22-007147.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2022-09-23
- Fiscal period
- fiscal Q2 2022
- Accession
- 0001477932-22-007147 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 Merion, 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 2022-06-30 | 380,331 | USD | |
| At 2021-12-31 | 624,769 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 2,195,674 | USD | |
| At 2021-12-31 | 1,809,868 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | -1,815,343 | USD | |
| At 2022-03-31 | -1,420,540 | USD | |
| At 2021-12-31 | -1,185,099 | USD | |
| At 2021-06-30 | -818,042 | USD | |
| At 2021-03-31 | -382,473 | USD | |
| At 2020-12-31 | -168,767 | 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 2022-06-30 | 22,929 | USD | |
| At 2021-12-31 | 882 | USD | |
| At 2021-06-30 | 5,726 | USD | |
| At 2020-12-31 | 9,506 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | -394,803 | USD | 91 |
| 2022-01-01 to 2022-06-30 | -630,244 | USD | 181 |
| 2021-04-01 to 2021-06-30 | -520,436 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -818,076 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | -500,475 | USD | 181 |
| 2021-01-01 to 2021-06-30 | -126,477 | USD | 181 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 81,477 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 227,366 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 761,107 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 1,196,469 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 522,522 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 114,997 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 0 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 7,700 | USD | 181 |
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 2022-06-30 | -26,580,776 | USD | |
| At 2021-12-31 | -25,950,532 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 0 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 0 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 0 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 0 | USD | 181 |
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 2022-06-30 | 75,718 | USD | |
| At 2021-12-31 | 86,043 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 0 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 0 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 84,867 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 168,801 | USD | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | -384,917 | USD | 91 |
| 2022-01-01 to 2022-06-30 | -621,757 | USD | 181 |
| 2021-04-01 to 2021-06-30 | -545,822 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -844,627 | USD | 181 |
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 2022-06-30 | 67,261 | USD | |
| At 2021-12-31 | 125,056 | 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 2022-06-30 | 1,564,695 | USD | |
| At 2021-12-31 | 1,412,290 | 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 2022-06-30 | 0 | USD | |
| At 2021-12-31 | 25,144 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 388,857 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 709,627 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 675,095 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 1,171,738 | USD | 181 |
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 2022-06-30 | 0 | USD | |
| At 2021-12-31 | 22,174 | 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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 3,940 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 87,870 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 129,273 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 327,111 | USD | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 77,537 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 139,496 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 631,834 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 869,358 | USD | 181 |
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 2022-06-30 | 62,286,573 | shares | |
| At 2021-12-31 | 62,286,573 | 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 2022-06-30 | 26,438,841 | USD | |
| At 2021-12-31 | 26,438,841 | 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 2022-06-30 | 221,942 | USD | |
| At 2021-12-31 | 398,260 | 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 2020-03-31 | 279,000 | USD | |
| At 2019-01-31 | 618,000 | USD |
Long-term debt
Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2022-06-30 | 51,599 | USD | |
| At 2021-12-31 | 60,598 | 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 2022-06-30 | 229,876 | USD | |
| At 2021-12-31 | 219,551 | 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 2022-06-30 | 0 | USD | |
| At 2021-12-31 | 0 | USD |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | -394,803 | USD | 91 |
| 2022-01-01 to 2022-06-30 | -630,244 | USD | 181 |
| 2022-01-01 to 2022-03-31 | -235,441 | USD | 90 |
| 2021-04-01 to 2021-06-30 | -520,436 | USD | 91 |
| 2021-01-01 to 2021-06-30 | -818,076 | USD | 181 |
| 2021-01-01 to 2021-03-31 | -297,640 | USD | 90 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 318,392 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 635,533 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 301,334 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 667,940 | USD | 181 |
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 |
|---|---|---|---|
| 2022-04-01 to 2022-06-30 | 5,163 | USD | 91 |
| 2022-01-01 to 2022-06-30 | 10,325 | USD | 181 |
| 2021-04-01 to 2021-06-30 | 12,162 | USD | 91 |
| 2021-01-01 to 2021-06-30 | 27,825 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 1,693 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 2,075 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 0 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 0 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | 0 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 75,258 | USD | 181 |
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 |
|---|---|---|---|
| 2022-01-01 to 2022-06-30 | -842 | USD | 181 |
| 2021-01-01 to 2021-06-30 | 11,341 | USD | 181 |
Inspect the source
- Entity
- Merion, Inc. / CIK 0001517498
- Captured
- SEC response SHA-256
90dbc644a3c196e55d862ae1effe0cc068f45ceb31acd11bdced046ed2b74e4b
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/0001517498.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"])))