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Taoping Inc.: 20-F filed 2018-03-30

What Taoping Inc. reported in its annual report (foreign private issuer) filed 2018-03-30 (fiscal FY 2017): 42 published measures, 113 facts as tagged in accession 0001062993-18-001433.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2018-03-30
Fiscal period
fiscal FY 2017
Accession
0001062993-18-001433 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 Taoping Inc. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2017-12-3137,639,430USD
At 2016-12-3134,286,999USD

Total liabilities

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

PeriodValueUnitDays
At 2017-12-3123,121,938USD
At 2016-12-3121,484,751USD

Stockholders equity

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

PeriodValueUnitDays
At 2017-12-315,383,487USD
At 2016-12-313,708,163USD

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.

PeriodValueUnitDays
At 2017-12-313,260,808USD
At 2016-12-313,752,375USD
At 2015-12-313,786,846USD
At 2014-12-3111,189,191USD

Net income or loss

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

PeriodValueUnitDays
2017-01-01 to 2017-12-31858,605USD365
2016-01-01 to 2016-12-31-18,170,601USD366
2015-01-01 to 2015-12-31-7,504,262USD365

Operating cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-12-314,540,249USD365
2016-01-01 to 2016-12-31-2,821,053USD366
2015-01-01 to 2015-12-31-25,914,601USD365

Capital expenditure payments

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

PeriodValueUnitDays
2017-01-01 to 2017-12-313,783,064USD365
2016-01-01 to 2016-12-313,463,915USD366
2015-01-01 to 2015-12-313,004,209USD365

Revenue

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

PeriodValueUnitDays
2017-01-01 to 2017-12-3118,189,274USD365
2016-01-01 to 2016-12-3110,193,590USD366
2015-01-01 to 2015-12-3110,284,868USD365

Financing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-12-31-485,486USD365
2016-01-01 to 2016-12-31-7,153,747USD366
2015-01-01 to 2015-12-31-24,136,786USD365

Investing cash flow

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

PeriodValueUnitDays
2017-01-01 to 2017-12-31-3,775,219USD365
2016-01-01 to 2016-12-319,102,582USD366
2015-01-01 to 2015-12-3142,084,917USD365

Retained earnings or deficit

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

PeriodValueUnitDays
At 2017-12-31-172,395,246USD
At 2016-12-31-173,149,696USD

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-310.02USD/shares365
2016-01-01 to 2016-12-31-0.45USD/shares366
2015-01-01 to 2015-12-31-0.22USD/shares365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-310.02USD/shares365
2016-01-01 to 2016-12-31-0.45USD/shares366
2015-01-01 to 2015-12-31-0.22USD/shares365

Income tax expense or benefit

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

PeriodValueUnitDays
2017-01-01 to 2017-12-31-1,070,343USD365
2016-01-01 to 2016-12-3157,844USD366
2015-01-01 to 2015-12-314,305,028USD365

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.

PeriodValueUnitDays
At 2017-12-3111,830,698USD
At 2016-12-318,674,850USD

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-31487,407USD365
2016-01-01 to 2016-12-31273,102USD366
2015-01-01 to 2015-12-31102,282USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-31-450,703USD365
2016-01-01 to 2016-12-31-14,577,928USD366
2015-01-01 to 2015-12-31-26,963,357USD365

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.

PeriodValueUnitDays
At 2017-12-3121,518,685USD
At 2016-12-3115,645,187USD

Interest expense

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

PeriodValueUnitDays
2017-01-01 to 2017-12-31450,024USD365
2016-01-01 to 2016-12-31498,931USD366
2015-01-01 to 2015-12-313,116,777USD365

Current liabilities

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

PeriodValueUnitDays
At 2017-12-3123,013,011USD
At 2016-12-3121,384,316USD

Current accounts payable

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

PeriodValueUnitDays
At 2017-12-316,844,440USD
At 2016-12-315,993,211USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2017-12-315,267,752USD
At 2016-12-313,019,349USD

Common-stock repurchase payments

Cash paid to reacquire common stock during the period. This is not an authorization limit or a direct measure of the net change in share count.

PeriodValueUnitDays
2017-01-01 to 2017-12-310USD365
2016-01-01 to 2016-12-31379,710USD366
2015-01-01 to 2015-12-311,310,184USD365

Net inventory

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

PeriodValueUnitDays
At 2017-12-31631,610USD
At 2016-12-311,477,783USD

Gross profit

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

PeriodValueUnitDays
2017-01-01 to 2017-12-318,321,766USD365
2016-01-01 to 2016-12-312,586,400USD366
2015-01-01 to 2015-12-313,903,663USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-319,867,508USD365
2016-01-01 to 2016-12-317,607,190USD366
2015-01-01 to 2015-12-316,381,205USD365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

PeriodValueUnitDays
2017-01-01 to 2017-12-314,031,313USD365
2016-01-01 to 2016-12-313,044,972USD366
2015-01-01 to 2015-12-313,446,867USD365

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.

PeriodValueUnitDays
At 2017-12-3140,231,159shares
At 2016-12-3140,231,159shares

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.

PeriodValueUnitDays
At 2017-12-3115,814,328USD
At 2016-12-31145,742,163USD

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.

PeriodValueUnitDays
At 2017-12-3124,201,766USD
At 2016-12-3123,994,357USD

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.

PeriodValueUnitDays
At 2017-12-3114,517,492USD
At 2016-12-3112,802,248USD
At 2015-12-3130,094,237USD
At 2014-12-3137,153,809USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

PeriodValueUnitDays
At 2017-12-31808,707USD
At 2016-12-311,556,306USD

Other noncurrent assets

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

PeriodValueUnitDays
At 2017-12-313,326,319USD
At 2016-12-318,267,016USD

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-31939,309USD365
2016-01-01 to 2016-12-31-18,524,477USD366
2015-01-01 to 2015-12-31-7,195,789USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-311,066,014USD365
2016-01-01 to 2016-12-31-18,723,551USD366
2015-01-01 to 2015-12-31-7,387,723USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-313,621,570USD365
2016-01-01 to 2016-12-318,342,842USD366
2015-01-01 to 2015-12-3111,223,502USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-312,036,438USD365
2016-01-01 to 2016-12-311,736,607USD366
2015-01-01 to 2015-12-311,665,257USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-31820,468USD365
2016-01-01 to 2016-12-31845,149USD366
2015-01-01 to 2015-12-31876,237USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-310USD365
2016-01-01 to 2016-12-31365,401USD366
2015-01-01 to 2015-12-313,761,084USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-310USD365
2016-01-01 to 2016-12-310USD366
2015-01-01 to 2015-12-3112,786,353USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-312,145,097USD365
2016-01-01 to 2016-12-31913,486USD366
2015-01-01 to 2015-12-31-2,914,918USD365

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.

PeriodValueUnitDays
2017-01-01 to 2017-12-31-652,921USD365
2016-01-01 to 2016-12-31590,274USD366
2015-01-01 to 2015-12-31-1,546,570USD365

Inspect the source

Entity
Taoping Inc. / CIK 0001552670
Captured
SEC response SHA-256
1840ffca5a176079462694382585951b998279fcc3ea48966e142ae1a0c10e18

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.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001552670.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"])))