SOCIETY PASS INCORPORATED: 10-K filed 2022-03-30

Name: SOCIETY PASS INCORPORATED: 10-K filed 2022-03-30
Creator: SOCIETY PASS INCORPORATED

What SOCIETY PASS INCORPORATED reported in its annual report filed 2022-03-30 (fiscal FY 2021): 53 published measures, 103 facts as tagged in accession 0001607062-22-000218.

This filing

Form: 10-K (annual report)
Filed: 2022-03-30
Fiscal period: fiscal FY 2021
Accession: 0001607062-22-000218 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 SOCIETY PASS INCORPORATED 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 2021-12-31	35,176,357	USD
At 2020-12-31	7,866,273	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2021-12-31	32,428,467	USD
At 2020-12-31	-10,414,772	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 2021-12-31	23,264,777	USD
At 2020-12-31	506,666	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
2021-01-01 to 2021-12-31	-34,864,740	USD	365
2020-01-01 to 2020-12-31	-3,827,988	USD	366

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
2021-01-01 to 2021-12-31	-10,813,938	USD	365
2020-01-01 to 2020-12-31	-1,251,269	USD	366

Revenue

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

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	519,885	USD	365
2020-01-01 to 2020-12-31	52,453	USD	366

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
2021-01-01 to 2021-12-31	33,823,757	USD	365
2020-01-01 to 2020-12-31	1,211,700	USD	366

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
2021-01-01 to 2021-12-31	-246,837	USD	365

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 2021-12-31	-47,352,456	USD
At 2020-12-31	-12,587,311	USD

Basic weighted-average shares

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

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	9,443,741	shares	365
2020-01-01 to 2020-12-31	6,990,131	shares	366

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	9,443,741	shares	365
2020-01-01 to 2020-12-31	6,990,131	shares	366

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	-3.68	USD/shares	365
2020-01-01 to 2020-12-31	-0.56	USD/shares	366

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	-3.68	USD/shares	365
2020-01-01 to 2020-12-31	-0.56	USD/shares	366

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
2021-01-01 to 2021-12-31	11,136	USD	365
2020-01-01 to 2020-12-31	8,332	USD	366

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 2021-12-31	57,035	USD
At 2020-12-31	18,069	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
2021-01-01 to 2021-12-31	2,894,075	USD	365

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
2021-01-01 to 2021-12-31	-34,212,203	USD	365
2020-01-01 to 2020-12-31	-3,750,247	USD	366

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 2021-12-31	29,632,687	USD
At 2020-12-31	569,095	USD

Interest expense

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

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	41,514	USD	365
2020-01-01 to 2020-12-31	48,989	USD	366

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 2021-12-31	2,439,621	USD
At 2020-12-31	2,991,963	USD

Current accounts payable

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

Period	Value	Unit	Days
At 2021-12-31	261,907	USD
At 2020-12-31	54,256	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2021-12-31	2,766,000	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 2021-12-31	4,000,000	USD
At 2020-12-31	7,200,000	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 2021-12-31	52,588	USD
At 2020-12-31	1,897	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
2021-01-01 to 2021-12-31	34,021,405	USD	365
2020-01-01 to 2020-12-31	3,714,036	USD	366

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 2021-12-31	221,068	USD
At 2020-12-31	0	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
2021-01-01 to 2021-12-31	-190,798	USD	365
2020-01-01 to 2020-12-31	-36,211	USD	366

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
2021-01-01 to 2021-12-31	710,683	USD	365
2020-01-01 to 2020-12-31	88,664	USD	366

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	95,809	USD	365
2020-01-01 to 2020-12-31	165,514	USD	366

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 2021-12-31	19,732,406	shares
At 2020-12-31	7,413,600	shares

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.

Period	Value	Unit
At 2021-12-31	23,264,777	USD
At 2020-12-31	506,666	USD
At 2019-12-31	606,491	USD

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 2021-12-31	79,833,290	USD
At 2020-12-31	2,227,033	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 2021-12-31	-54,340	USD
At 2020-12-31	-55,236	USD

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.

Period	Value	Unit
At 2021-12-31	32,325,683	USD
At 2020-12-31	-10,414,772	USD
At 2019-12-31	-7,049,706	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 2021-12-31	627,968	USD
At 2020-12-31	79,109	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 2021-12-31	629,130	USD
At 2020-12-31	83,205	USD

Gross property, plant and equipment

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

Period	Value	Unit	Days
At 2021-12-31	77,764	USD
At 2020-12-31	30,927	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 2021-12-31	21,743	USD
At 2020-12-31	12,755	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2021-12-31	753,345	USD
At 2020-12-31	480,024	USD

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.

Period	Value	Unit
At 2021-12-31	25,229	USD
At 2020-12-31	18,646	USD
At 2019-12-31	19,843	USD

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	-34,853,604	USD	365
2020-01-01 to 2020-12-31	-3,819,656	USD	366

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
2021-01-01 to 2021-12-31	-34,867,033	USD	365
2020-01-01 to 2020-12-31	-3,887,212	USD	366

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	-1,991,104	USD	365

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
2021-01-01 to 2021-12-31	33,398,401	USD	365
2020-01-01 to 2020-12-31	3,529,022	USD	366

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
2021-01-01 to 2021-12-31	10,448	USD	365
2020-01-01 to 2020-12-31	6,671	USD	366

Depreciation, depletion and amortization

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

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	3,210,448	USD	365
2020-01-01 to 2020-12-31	808,150	USD	366

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
2021-01-01 to 2021-12-31	3,200,000	USD	365
2020-01-01 to 2020-12-31	801,479	USD	366

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	-641,401	USD	365
2020-01-01 to 2020-12-31	-69,409	USD	366

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
2021-01-01 to 2021-12-31	110	USD	365

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	11,500,000	USD	365

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
2021-01-01 to 2021-12-31	50,691	USD	365
2020-01-01 to 2020-12-31	-8,871	USD	366

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
2021-01-01 to 2021-12-31	221,068	USD	365
2020-01-01 to 2020-12-31	5,428	USD	366

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.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	207,651	USD	365
2020-01-01 to 2020-12-31	3,472	USD	366

Inspect the source

Entity: SOCIETY PASS INCORPORATED / CIK 0001817511
Captured: 2026-09-21T17:34:24.000Z
SEC response SHA-256: a7e50c158a96cf790a11705b91e2eafc920f66d6752e1bd8457aed0acab15390

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001817511.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"])))