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HITEK GLOBAL INC.: 20-F filed 2024-04-05

What HITEK GLOBAL INC. reported in its annual report (foreign private issuer) filed 2024-04-05 (fiscal FY 2023): 48 published measures, 120 facts as tagged in accession 0001213900-24-030818.

This filing

Form
20-F (annual report (foreign private issuer))
Filed
2024-04-05
Fiscal period
fiscal FY 2023
Accession
0001213900-24-030818 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 HITEK GLOBAL INC. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2023-12-3135,428,040USD
At 2022-12-3121,205,091USD

Total liabilities

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

PeriodValueUnitDays
At 2023-12-317,090,454USD
At 2022-12-317,678,565USD

Stockholders equity

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

PeriodValueUnitDays
At 2023-12-3128,337,586USD
At 2022-12-3113,526,526USD
At 2021-12-3113,126,228USD
At 2020-12-3111,166,464USD

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 2023-12-319,311,537USD
At 2022-12-311,203,160USD

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
2023-01-01 to 2023-12-311,047,641USD365
2022-01-01 to 2022-12-311,415,745USD365
2021-01-01 to 2021-12-311,669,357USD365

Operating cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-12-31-61,912USD365
2022-01-01 to 2022-12-313,824,050USD365
2021-01-01 to 2021-12-31-214,575USD365

Capital expenditure payments

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

PeriodValueUnitDays
2023-01-01 to 2023-12-31186,499USD365

Financing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-12-3115,142,902USD365
2022-01-01 to 2022-12-312,749,498USD365

Investing cash flow

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

PeriodValueUnitDays
2023-01-01 to 2023-12-31-6,946,555USD365
2022-01-01 to 2022-12-31-7,349,231USD365
2021-01-01 to 2021-12-31400,006USD365

Retained earnings or deficit

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

PeriodValueUnitDays
At 2023-12-3111,387,748USD
At 2022-12-3110,340,107USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

PeriodValueUnitDays
2023-01-01 to 2023-12-3113,257,469shares365
2022-01-01 to 2022-12-3110,987,679shares365
2021-01-01 to 2021-12-3110,987,679shares365

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.

PeriodValueUnitDays
2023-01-01 to 2023-12-3113,257,469shares365
2022-01-01 to 2022-12-3110,987,679shares365
2021-01-01 to 2021-12-3110,987,679shares365

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
2023-01-01 to 2023-12-310.08USD/shares365
2022-01-01 to 2022-12-310.13USD/shares365
2021-01-01 to 2021-12-310.15USD/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
2023-01-01 to 2023-12-310.08USD/shares365
2022-01-01 to 2022-12-310.13USD/shares365
2021-01-01 to 2021-12-310.15USD/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
2023-01-01 to 2023-12-31546,885USD365
2022-01-01 to 2022-12-31453,218USD365
2021-01-01 to 2021-12-31542,853USD365

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 2023-12-31403,330USD
At 2022-12-31122,967USD

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
2023-01-01 to 2023-12-31101,061USD365
2022-01-01 to 2022-12-311,627,210USD365
2021-01-01 to 2021-12-312,103,534USD365

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 2023-12-3124,786,599USD
At 2022-12-3111,184,712USD

Interest expense

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

PeriodValueUnitDays
2023-01-01 to 2023-12-31313,861USD365
2022-01-01 to 2022-12-31285,353USD365

Current liabilities

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

PeriodValueUnitDays
At 2023-12-313,372,752USD
At 2022-12-314,203,695USD

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 2023-12-31532,130USD
At 2022-12-31696,734USD

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 2023-12-312,118,738USD
At 2022-12-313,271,218USD

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
2023-01-01 to 2023-12-311,820,179USD365
2022-01-01 to 2022-12-311,909,833USD365
2021-01-01 to 2021-12-311,776,411USD365

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 2023-12-31219,505USD
At 2022-12-31430,670USD

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
2023-01-01 to 2023-12-311,921,240USD365
2022-01-01 to 2022-12-313,537,043USD365
2021-01-01 to 2021-12-313,879,945USD365

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
2023-01-01 to 2023-12-312,642,491USD365
2022-01-01 to 2022-12-312,891,565USD365
2021-01-01 to 2021-12-312,581,218USD365

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
2023-01-01 to 2023-12-3138,221USD365
2022-01-01 to 2022-12-3142,052USD365
2021-01-01 to 2021-12-3143,661USD365

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 2023-12-319,311,537USD
At 2022-12-311,203,160USD
At 2021-12-312,091,308USD
At 2020-12-311,861,554USD

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 2023-12-3116,721,551USD
At 2022-12-312,628,356USD

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 2023-12-31-609,367USD
At 2022-12-31-279,251USD

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 2023-12-313,309USD
At 2022-12-316,641USD

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 2023-12-313,309USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

PeriodValueUnitDays
At 2023-12-311,886,775USD
At 2022-12-311,593,464USD

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 2023-12-311,483,445USD
At 2022-12-311,470,497USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2023-12-31352,919USD
At 2022-12-3194,925USD

Net deferred tax liabilities

Deferred tax liabilities net of related assets under this concept. The amount reflects timing differences and is not tax currently due.

PeriodValueUnitDays
At 2023-12-311,604,163USD
At 2022-12-311,300,421USD

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.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,594,526USD365
2022-01-01 to 2022-12-311,868,963USD365
2021-01-01 to 2021-12-312,212,210USD365

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
2023-01-01 to 2023-12-31717,525USD365
2022-01-01 to 2022-12-31400,298USD365
2021-01-01 to 2021-12-311,959,764USD365

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
2023-01-01 to 2023-12-311,819,531USD365
2022-01-01 to 2022-12-311,472,648USD365
2021-01-01 to 2021-12-311,699,934USD365

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
2023-01-01 to 2023-12-3150,662USD365
2022-01-01 to 2022-12-3121,881USD365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2023-01-01 to 2023-12-3150,662USD365
2022-01-01 to 2022-12-3121,881USD365
2021-01-01 to 2021-12-31355,738USD365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2023-01-01 to 2023-12-311,493,465USD365
2022-01-01 to 2022-12-31241,753USD365
2021-01-01 to 2021-12-31108,676USD365

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
2023-01-01 to 2023-12-31207,553USD365
2022-01-01 to 2022-12-31276,189USD365
2021-01-01 to 2021-12-31202,229USD365

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
2023-01-01 to 2023-12-31339,332USD365
2022-01-01 to 2022-12-31177,029USD365
2021-01-01 to 2021-12-31340,624USD365

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
2023-01-01 to 2023-12-3115,142,902USD365

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
2023-01-01 to 2023-12-31-567,480USD365
2022-01-01 to 2022-12-312,490,725USD365
2021-01-01 to 2021-12-311,100,056USD365

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
2023-01-01 to 2023-12-31-194,872USD365
2022-01-01 to 2022-12-3157,899USD365
2021-01-01 to 2021-12-31276,672USD365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

PeriodValueUnitDays
2023-01-01 to 2023-12-31-146,642USD365
2022-01-01 to 2022-12-31225,198USD365
2021-01-01 to 2021-12-31127,422USD365

Inspect the source

Entity
HITEK GLOBAL INC. / CIK 0001742341
Captured
2026-09-21T17:25:44.680Z
SEC response SHA-256
64f2b2c98bb136f73a7be5da16c4623f9b802e8b2d1691d6c3545d98d6dca326

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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Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

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

with urlopen("https://canlicapital.com/company-data/0001742341.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"])))