AMERICAN EDUCATION CENTER, INC.: 10-Q filed 2017-11-14
What AMERICAN EDUCATION CENTER, INC. reported in its quarterly report filed 2017-11-14 (fiscal Q3 2017): 29 published measures, 86 facts as tagged in accession 0001144204-17-058586.
This filing
- Form
- 10-Q (quarterly report)
- Filed
- 2017-11-14
- Fiscal period
- fiscal Q3 2017
- Accession
- 0001144204-17-058586 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.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-09-30 | 11,520,382 | USD | |
| At 2016-12-31 | 9,497,593 | USD |
Total liabilities
Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-09-30 | 5,585,723 | USD | |
| At 2016-12-31 | 4,705,910 | USD |
Stockholders equity
The reported residual interest after liabilities. It is an accounting amount, not market capitalization.
| Period | Value | Unit | Days |
|---|---|---|---|
| At 2017-09-30 | 5,934,659 | USD | |
| At 2016-12-31 | 4,791,683 | 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 2017-09-30 | 1,609,945 | USD | |
| At 2016-12-31 | 2,290,429 | USD | |
| At 2016-09-30 | 281,544 | USD | |
| At 2015-12-31 | 1,093,755 | 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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | -3,054 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 1,138,373 | USD | 273 |
| 2016-07-01 to 2016-09-30 | -51,948 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -84,031 | USD | 274 |
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 |
|---|---|---|---|
| 2017-01-01 to 2017-09-30 | -685,087 | USD | 273 |
| 2016-01-01 to 2016-09-30 | -812,211 | USD | 274 |
Revenue
Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.
| Period | Value | Unit | Days |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 5,215,743 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 20,379,142 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 969,959 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 4,880,614 | USD | 274 |
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 2017-09-30 | 1,867,080 | USD | |
| At 2016-12-31 | 728,707 | 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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | -78,803 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 386,455 | USD | 273 |
| 2016-07-01 to 2016-09-30 | -76,028 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -92,770 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 81,939 | USD | 92 |
| 2017-01-01 to 2017-09-30 | -1,524,744 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 130,385 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 184,403 | USD | 274 |
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 2017-09-30 | 8,306,791 | USD | |
| At 2016-12-31 | 5,239,866 | 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 2017-09-30 | 5,107,634 | USD | |
| At 2016-12-31 | 4,254,624 | 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 2017-09-30 | 476,633 | USD | |
| At 2016-12-31 | 578,769 | 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 2017-09-30 | 6,604,059 | USD | |
| At 2016-12-31 | 2,887,837 | 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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 1,406,882 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 5,183,469 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 306,071 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 1,165,985 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 1,324,943 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 6,708,213 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 175,686 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 981,582 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 3,890,800 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 13,670,929 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 794,273 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 3,899,032 | USD | 274 |
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 2017-09-30 | 41,350,000 | shares | |
| At 2016-12-31 | 41,350,000 | 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 2017-09-30 | 4,021,626 | USD | |
| At 2016-12-31 | 4,021,626 | 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 2017-09-30 | 4,603 | USD | |
| At 2016-12-31 | 0 | 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 2017-09-30 | 33,436 | USD | |
| At 2016-12-31 | 97,936 | USD |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 1,549 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 1,142,976 | USD | 273 |
| 2016-07-01 to 2016-09-30 | -51,948 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -84,031 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 656,317 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 1,862,901 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 257,606 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 985,373 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 34,045 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 102,136 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 0 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 0 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 82 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 84 | USD | 273 |
| 2016-07-01 to 2016-09-30 | 2,409 | USD | 92 |
| 2016-01-01 to 2016-09-30 | 7,602 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | -81,634 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 321,955 | USD | 273 |
| 2016-07-01 to 2016-09-30 | -19,101 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -19,051 | USD | 274 |
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 |
|---|---|---|---|
| 2017-07-01 to 2017-09-30 | 2,831 | USD | 92 |
| 2017-01-01 to 2017-09-30 | 64,500 | USD | 273 |
| 2016-07-01 to 2016-09-30 | -56,927 | USD | 92 |
| 2016-01-01 to 2016-09-30 | -73,719 | USD | 274 |
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 |
|---|---|---|---|
| 2017-01-01 to 2017-09-30 | 14,778 | USD | 273 |
| 2016-01-01 to 2016-09-30 | 22,167 | USD | 274 |
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 |
|---|---|---|---|
| 2017-01-01 to 2017-09-30 | 3,761,522 | USD | 273 |
| 2016-01-01 to 2016-09-30 | -317,242 | USD | 274 |
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.
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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"])))