MGO GLOBAL INC.: 10-Q filed 2024-11-14

Name: MGO GLOBAL INC.: 10-Q filed 2024-11-14
Creator: MGO GLOBAL INC.

What MGO GLOBAL INC. reported in its quarterly report filed 2024-11-14 (fiscal Q3 2024): 41 published measures, 113 facts as tagged in accession 0001493152-24-045509.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-11-14
Fiscal period: fiscal Q3 2024
Accession: 0001493152-24-045509 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 MGO GLOBAL 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 2024-09-30	2,813,643	USD
At 2023-12-31	2,241,910	USD

Total liabilities

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

Period	Value	Unit	Days
At 2024-09-30	182,244	USD
At 2023-12-31	1,320,162	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2024-09-30	2,990,769	USD
At 2023-12-31	1,510,191	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 2024-09-30	1,435,288	USD
At 2023-12-31	836,446	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
2024-07-01 to 2024-09-30	-1,307,796	USD	92
2024-01-01 to 2024-09-30	-3,944,092	USD	274
2023-07-01 to 2023-09-30	-2,489,313	USD	92
2023-01-01 to 2023-09-30	-4,984,887	USD	273

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
2024-01-01 to 2024-09-30	-4,715,475	USD	274
2023-01-01 to 2023-09-30	-6,396,563	USD	273

Capital expenditure payments

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

Period	Value	Unit	Days
2024-01-01 to 2024-09-30	512	USD	274
2023-01-01 to 2023-09-30	179,853	USD	273

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
2024-07-01 to 2024-09-30	565,400	USD	92
2024-01-01 to 2024-09-30	2,661,253	USD	274
2023-07-01 to 2023-09-30	1,054,161	USD	92
2023-01-01 to 2023-09-30	2,823,601	USD	273

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
2024-01-01 to 2024-09-30	3,218,540	USD	274
2023-01-01 to 2023-09-30	8,183,514	USD	273

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
2024-01-01 to 2024-09-30	1,999,488	USD	274
2023-01-01 to 2023-09-30	-179,853	USD	273

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 2024-09-30	-16,884,132	USD
At 2023-12-31	-12,940,040	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
2024-07-01 to 2024-09-30	2,507,442	shares	92
2024-01-01 to 2024-09-30	1,953,276	shares	274
2023-07-01 to 2023-09-30	1,424,154	shares	92
2023-01-01 to 2023-09-30	1,408,517	shares	273

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
2024-07-01 to 2024-09-30	2,507,442	shares	92
2024-01-01 to 2024-09-30	1,953,276	shares	274
2023-07-01 to 2023-09-30	1,424,154	shares	92
2023-01-01 to 2023-09-30	1,408,517	shares	273

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
2024-07-01 to 2024-09-30	-0.52	USD/shares	92
2024-01-01 to 2024-09-30	-1.9	USD/shares	274
2023-07-01 to 2023-09-30	-1.79	USD/shares	92
2023-01-01 to 2023-09-30	-3.67	USD/shares	273

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
2024-07-01 to 2024-09-30	-0.52	USD/shares	92
2024-01-01 to 2024-09-30	-1.9	USD/shares	274
2023-07-01 to 2023-09-30	-1.79	USD/shares	92
2023-01-01 to 2023-09-30	-3.67	USD/shares	273

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 2024-09-30	238,384	USD
At 2023-12-31	319,462	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
2024-01-01 to 2024-09-30	1,976,962	USD	274
2023-01-01 to 2023-09-30	673,624	USD	273

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
2024-07-01 to 2024-09-30	-1,357,731	USD	92
2024-01-01 to 2024-09-30	-5,663,490	USD	274
2023-07-01 to 2023-09-30	-2,031,500	USD	92
2023-01-01 to 2023-09-30	-3,626,215	USD	273

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 2024-09-30	2,575,259	USD
At 2023-12-31	1,922,448	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 2024-09-30	182,244	USD
At 2023-12-31	1,320,162	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 2024-09-30	15,998	USD
At 2023-12-31	25,352	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
2024-07-01 to 2024-09-30	1,850,717	USD	92
2024-01-01 to 2024-09-30	7,738,241	USD	274
2023-07-01 to 2023-09-30	2,850,658	USD	92
2023-01-01 to 2023-09-30	5,688,343	USD	273

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 2024-09-30	1,049,359	USD
At 2023-12-31	607,022	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
2024-07-01 to 2024-09-30	492,986	USD	92
2024-01-01 to 2024-09-30	2,074,751	USD	274
2023-07-01 to 2023-09-30	819,158	USD	92
2023-01-01 to 2023-09-30	2,062,128	USD	273

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
2024-07-01 to 2024-09-30	1,386,146	USD	92
2024-01-01 to 2024-09-30	5,711,978	USD	274
2023-07-01 to 2023-09-30	1,827,926	USD	92
2023-01-01 to 2023-09-30	3,325,737	USD	273

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 2024-09-30	2,904,001	shares
At 2023-12-31	1,426,613	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	Days
At 2024-09-30	1,435,288	USD
At 2023-09-30	1,632,779	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 2024-09-30	19,874,872	USD
At 2023-12-31	14,450,217	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 2024-09-30	2,631,399	USD
At 2024-06-30	1,965,936	USD
At 2024-03-31	2,173,136	USD
At 2023-12-31	921,748	USD
At 2023-09-30	2,630,974	USD
At 2023-06-30	4,509,463	USD
At 2023-03-31	5,907,668	USD
At 2022-12-31	-1,194,561	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 2024-09-30	88,903	USD
At 2023-12-31	6,503	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 2024-09-30	40,340	USD
At 2023-12-31	216,297	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
2024-01-01 to 2024-09-30	-5,663,027	USD	274
2023-01-01 to 2023-09-30	-3,596,339	USD	273

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.

Period	Value	Unit	Days
2024-07-01 to 2024-09-30	-1,302,567	USD	92
2024-01-01 to 2024-09-30	-3,715,019	USD	274
2024-04-01 to 2024-06-30	-2,475,615	USD	91
2024-01-01 to 2024-03-31	63,163	USD	91
2023-07-01 to 2023-09-30	-2,552,113	USD	92
2023-01-01 to 2023-09-30	-5,170,443	USD	273
2023-04-01 to 2023-06-30	-1,398,205	USD	91
2023-01-01 to 2023-03-31	-1,220,125	USD	90

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
2024-01-01 to 2024-09-30	81,590	USD	274
2023-01-01 to 2023-09-30	38,321	USD	273

Nonoperating interest expense

Interest expense presented outside operating results. It differs from total interest expense when some borrowing cost is classified as operating or capitalized.

Period	Value	Unit	Days
2024-07-01 to 2024-09-30	4,454	USD	92
2024-01-01 to 2024-09-30	8,403	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
2024-01-01 to 2024-09-30	2,715	USD	274

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
2024-07-01 to 2024-09-30	10,927	USD	92
2024-01-01 to 2024-09-30	10,463	USD	274
2023-01-01 to 2023-09-30	29,876	USD	273

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
2024-01-01 to 2024-09-30	14,364	USD	274

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
2024-01-01 to 2024-09-30	3,215,752	USD	274
2023-01-01 to 2023-09-30	7,622,354	USD	273

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
2024-01-01 to 2024-09-30	-9,354	USD	274
2023-01-01 to 2023-09-30	44,274	USD	273

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
2024-01-01 to 2024-09-30	442,337	USD	274
2023-01-01 to 2023-09-30	479,375	USD	273

Inspect the source

Entity: MGO GLOBAL INC. / CIK 0001902794
Captured: 2026-09-21T17:36:02.384Z
SEC response SHA-256: 26bfba209c7f1f114d334c3b857630e7f05356bf2d20bd8971e04ccae460e4bf

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/0001902794.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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