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AMERICAN EDUCATION CENTER, INC.: 10-Q filed 2020-08-14

What AMERICAN EDUCATION CENTER, INC. reported in its quarterly report filed 2020-08-14 (fiscal Q2 2020): 38 published measures, 113 facts as tagged in accession 0001104659-20-095408.

This filing

Form
10-Q (quarterly report)
Filed
2020-08-14
Fiscal period
fiscal Q2 2020
Accession
0001104659-20-095408 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 AMERICAN EDUCATION CENTER, INC. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2020-06-306,211,562USD
At 2019-12-317,433,868USD

Total liabilities

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

PeriodValueUnitDays
At 2020-06-306,006,904USD
At 2019-12-316,215,375USD

Stockholders equity

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

PeriodValueUnitDays
At 2020-06-30157,631USD
At 2019-12-311,168,513USD

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 2020-06-30922,567USD
At 2019-12-311,035,395USD

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
2020-04-01 to 2020-06-30-531,475USD91
2020-01-01 to 2020-06-30-1,026,680USD182
2019-04-01 to 2019-06-30-165,951USD91
2019-01-01 to 2019-06-30-82,055USD181

Operating cash flow

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

PeriodValueUnitDays
2020-01-01 to 2020-06-30-533,490USD182
2019-01-01 to 2019-06-30-798,029USD181

Revenue

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

PeriodValueUnitDays
2020-04-01 to 2020-06-30161,984USD91
2020-01-01 to 2020-06-30276,182USD182
2019-04-01 to 2019-06-301,169,044USD91
2019-01-01 to 2019-06-303,139,791USD181

Financing cash flow

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

PeriodValueUnitDays
2020-01-01 to 2020-06-30421,236USD182
2019-01-01 to 2019-06-30580,867USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2020-06-30-6,947,911USD
At 2019-12-31-5,924,231USD

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
2020-04-01 to 2020-06-30-199,530USD91
2020-01-01 to 2020-06-30-362,153USD182
2019-04-01 to 2019-06-30366,076USD91
2019-01-01 to 2019-06-30366,076USD181

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 2020-06-305,037USD
At 2019-12-316,226USD

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
2020-01-01 to 2020-06-300USD182
2019-01-01 to 2019-12-310USD365

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
2020-04-01 to 2020-06-30-732,478USD91
2020-01-01 to 2020-06-30-1,389,103USD182
2019-04-01 to 2019-06-30-638,247USD91
2019-01-01 to 2019-06-30-282,023USD181

Current liabilities

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

PeriodValueUnitDays
At 2020-06-303,893,935USD
At 2019-12-314,147,871USD

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.

PeriodValueUnitDays
At 2020-06-30198,136USD
At 2019-12-31272,226USD

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 2020-06-301,733,435USD
At 2019-12-312,874,125USD

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-30838,745USD91
2020-01-01 to 2020-06-301,499,231USD182
2019-04-01 to 2019-06-301,121,001USD91
2019-01-01 to 2019-06-301,653,127USD181

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
2020-04-01 to 2020-06-30106,267USD91
2020-01-01 to 2020-06-30110,128USD182
2019-04-01 to 2019-06-30482,754USD91
2019-01-01 to 2019-06-301,371,104USD181

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
2020-04-01 to 2020-06-3055,717USD91
2020-01-01 to 2020-06-30166,054USD182
2019-04-01 to 2019-06-30686,290USD91
2019-01-01 to 2019-06-301,768,687USD181

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 2020-06-3056,497,113shares
At 2019-12-3155,797,113shares

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.

PeriodValueUnitDays
At 2020-06-30922,567USD
At 2019-06-301,769,142USD

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 2020-06-308,274,230USD
At 2019-12-318,267,930USD

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 2020-06-301,120USD
At 2019-12-31-4,678USD

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 2020-06-30204,658USD
At 2020-03-31739,037USD
At 2019-12-311,218,493USD
At 2019-06-302,419,822USD
At 2019-03-311,978,714USD
At 2018-12-311,895,123USD

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.

PeriodValueUnitDays
At 2019-05-312,899,099CNY
At 2020-06-301,983,406USD
At 2019-12-312,149,710USD
At 2019-05-31414,157USD
At 2019-01-012,016,142USD

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.

PeriodValueUnitDays
At 2019-05-312,793,341CNY
At 2020-06-302,239,416USD
At 2019-05-31399,048USD
At 2019-01-012,237,583USD

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.

PeriodValueUnitDays
At 2020-06-301,871USD
At 2019-12-31785USD

Current contract liabilities

Consideration received before performance obligations are satisfied, often called deferred revenue. It is an obligation to deliver, not earned revenue or cash available.

PeriodValueUnitDays
At 2020-06-3095,059USD
At 2019-12-31215,500USD

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.

PeriodValueUnitDays
At 2020-06-30861,307USD
At 2019-12-31557,615USD

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
2020-04-01 to 2020-06-30-532,945USD91
2020-01-01 to 2020-06-30-1,026,633USD182
2020-01-01 to 2020-03-31-493,688USD91
2019-04-01 to 2019-06-30-167,421USD91
2019-01-01 to 2019-06-30-84,995USD181
2019-01-01 to 2019-03-3182,426USD90

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
2020-04-01 to 2020-06-30777,991USD91
2020-01-01 to 2020-06-301,425,116USD182
2019-04-01 to 2019-06-301,059,041USD91
2019-01-01 to 2019-06-301,451,878USD181

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
2020-04-01 to 2020-06-30556USD91
2020-01-01 to 2020-06-301,103USD182
2019-04-01 to 2019-06-300USD91
2019-01-01 to 2019-06-300USD181

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
2020-04-01 to 2020-06-3034,045USD91
2020-01-01 to 2020-06-3074,090USD182
2019-04-01 to 2019-06-3037,045USD91
2019-01-01 to 2019-06-3074,090USD181

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-303USD91
2020-01-01 to 2020-06-30317USD182
2019-04-01 to 2019-06-3095USD91
2019-01-01 to 2019-06-301,297USD181

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.

PeriodValueUnitDays
2020-04-01 to 2020-06-300USD91
2020-01-01 to 2020-06-300USD182
2019-04-01 to 2019-06-3080,468USD91
2019-01-01 to 2019-06-3080,468USD181

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
2020-01-01 to 2020-06-30-303,692USD182
2019-01-01 to 2019-06-30285,608USD181

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.

PeriodValueUnitDays
2020-01-01 to 2020-06-301,566USD182
2019-01-01 to 2019-06-3010,918USD181

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
2020-01-01 to 2020-06-30-676,860USD182
2019-01-01 to 2019-06-30728,785USD181

Inspect the source

Entity
AMERICAN EDUCATION CENTER, INC. / CIK 0001626556
Captured
SEC response SHA-256
e00aff98e198e002a898ea34f3e3ff3aeb14cb49e9bb1e398ac59a813453cf0a

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.

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

with urlopen("https://canlicapital.com/company-data/0001626556.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"])))