ABITS GROUP INC: 20-F/A filed 2023-05-22

Name: ABITS GROUP INC: 20-F/A filed 2023-05-22
Creator: ABITS GROUP INC

What ABITS GROUP INC reported in its annual report amendment (foreign private issuer) filed 2023-05-22 (fiscal FY 2021): 28 published measures, 104 facts as tagged in accession 0001493152-23-018455.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form: 20-F/A (annual report amendment (foreign private issuer))
Filed: 2023-05-22
Fiscal period: fiscal FY 2021
Accession: 0001493152-23-018455 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 ABITS GROUP 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
At 2021-12-31	7,737,112	USD
At 2020-12-31	2,192,192	USD
At 2020-09-30	2,295,657	USD
At 2019-09-30	2,525,632	USD

Stockholders equity

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

Period	Value	Unit
At 2021-12-31	6,567,016	USD
At 2020-12-31	91,280	USD
At 2020-09-30	400,773	USD
At 2019-09-30	148,687	USD
At 2018-09-30	-10,381,558	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
At 2021-12-31	2,507,404	USD
At 2020-12-31	19,402	USD
At 2020-09-30	5,249	USD
At 2019-09-30	425,632	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	-2,739,850	USD	365
2020-10-01 to 2020-12-31	-387,160	USD	92
2019-10-01 to 2020-09-30	72,716	USD	366
2018-10-01 to 2019-09-30	300,455	USD	365

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	-1,102,362	USD	365
2020-10-01 to 2020-12-31	-86,222	USD	92
2019-10-01 to 2020-09-30	-1,734,299	USD	366
2018-10-01 to 2019-09-30	-1,177,749	USD	365

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	219,330	USD	365
2019-10-01 to 2020-09-30	946,466	USD	366
2018-10-01 to 2019-09-30	370,411	USD	365

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	3,596,345	USD	365
2020-10-01 to 2020-12-31	22,708	USD	92
2019-10-01 to 2020-09-30	1,134,546	USD	366
2018-10-01 to 2019-09-30	1,067,293	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
At 2021-12-31	-43,788,360	USD
At 2020-12-31	-41,048,510	USD
At 2020-09-30	-40,661,350	USD
At 2019-09-30	-40,734,066	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	18,935,057	shares	365
2020-10-01 to 2020-12-31	16,191,529	shares	92
2019-10-01 to 2020-09-30	16,191,529	shares	366
2018-10-01 to 2019-09-30	43,563,291	shares	365

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	-0.145	USD/shares	365
2020-10-01 to 2020-12-31	-0.024	USD/shares	92
2019-10-01 to 2020-09-30	0.004	USD/shares	366
2018-10-01 to 2019-09-30	0.006	USD/shares	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	-2,866,140	USD	365
2020-10-01 to 2020-12-31	-387,160	USD	92
2019-10-01 to 2020-09-30	72,716	USD	366
2018-10-01 to 2019-09-30	-529,694	USD	365

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
At 2021-12-31	2,737,112	USD
At 2020-12-31	2,192,192	USD
At 2020-09-30	2,295,657	USD
At 2019-09-30	2,525,632	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	61,997	USD	365

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
At 2021-12-31	1,170,096	USD
At 2020-12-31	2,100,912	USD
At 2020-09-30	1,894,884	USD
At 2019-09-30	2,376,945	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
At 2021-12-31	229,708	USD
At 2020-12-31	1,345,080	USD
At 2020-09-30	1,462,698	USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2021-01-01 to 2021-12-31	1,903,554	USD	365
2020-10-01 to 2020-12-31	387,160	USD	92
2019-10-01 to 2020-09-30	873,750	USD	366
2018-10-01 to 2019-09-30	900,105	USD	365

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
At 2021-12-31	19,554,667	shares
At 2020-12-31	16,191,529	shares
At 2020-09-30	16,191,529	shares
At 2019-09-30	16,191,529	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
At 2021-12-31	49,306,193	USD
At 2020-12-31	40,114,606	USD
At 2020-09-30	40,114,606	USD
At 2019-09-30	40,114,606	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
At 2021-12-31	1,024,579	USD
At 2020-12-31	1,008,993	USD
At 2020-09-30	931,326	USD
At 2019-09-30	751,956	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
At 2021-12-31	2,653,750	USD
At 2020-12-31	2,653,750	USD
At 2020-09-30	2,653,750	USD
At 2019-09-30	2,653,750	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
At 2021-12-31	2,653,750	USD
At 2020-12-31	2,653,750	USD
At 2020-09-30	2,653,750	USD
At 2019-09-30	2,653,750	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
At 2021-12-31	328,500	USD
At 2020-12-31	434,565	USD
At 2020-09-30	330,006	USD
At 2019-09-30	189,932	USD

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.

Period	Value	Unit
At 2021-12-31	941,848	USD
At 2020-12-31	941,848	USD
At 2020-09-30	941,848	USD
At 2019-09-30	941,848	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	-2,739,850	USD	365
2020-10-01 to 2020-12-31	-387,160	USD	92
2019-10-01 to 2020-09-30	72,716	USD	366
2018-10-01 to 2019-09-30	300,455	USD	365

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	-2,724,264	USD	365
2020-10-01 to 2020-12-31	-309,493	USD	92
2019-10-01 to 2020-09-30	72,716	USD	366
2018-10-01 to 2019-09-30	300,455	USD	365

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	126,290	USD	365
2018-10-01 to 2019-09-30	830,149	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	3,983,828	USD	365
2019-10-01 to 2020-09-30	1,272,290	USD	366
2018-10-01 to 2019-09-30	400,000	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	46,830	USD	365
2020-10-01 to 2020-12-31	-117,618	USD	92
2019-10-01 to 2020-09-30	1,462,698	USD	366

Inspect the source

Entity: ABITS GROUP INC / CIK 0001864055
Captured: 2026-09-21T17:33:37.821Z
SEC response SHA-256: 7fe984bfc93d4f96ee8f4b7b1d431937880ab8b4ba46b50794a325e11d216662

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001864055.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"])))