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Massimo Group: 10-Q filed 2024-08-12

What Massimo Group reported in its quarterly report filed 2024-08-12 (fiscal Q2 2024): 53 published measures, 145 facts as tagged in accession 0001493152-24-031164.

This filing

Form
10-Q (quarterly report)
Filed
2024-08-12
Fiscal period
fiscal Q2 2024
Accession
0001493152-24-031164 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 Massimo Group filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2024-06-3049,857,078USD
At 2023-12-3141,943,479USD

Total liabilities

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

PeriodValueUnitDays
At 2024-06-3025,139,815USD
At 2023-12-3127,455,673USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-06-3024,717,263USD
At 2024-03-3118,144,088USD
At 2023-12-3114,487,806USD
At 2023-06-306,113,189USD
At 2023-03-316,218,905USD
At 2022-12-315,070,740USD

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
2024-04-01 to 2024-06-302,816,030USD91
2024-01-01 to 2024-06-305,997,312USD182
2023-04-01 to 2023-06-302,074,284USD91
2023-01-01 to 2023-06-302,622,449USD181

Operating cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-7,109,100USD182
2023-01-01 to 2023-06-302,738,607USD181

Capital expenditure payments

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

PeriodValueUnitDays
2024-04-01 to 2024-06-30237,425USD91
2024-01-01 to 2024-06-30341,852USD182
2023-04-01 to 2023-06-3024,661USD91
2023-01-01 to 2023-06-3024,661USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-3035,402,653USD91
2024-01-01 to 2024-06-3065,554,330USD182
2023-04-01 to 2023-06-3026,735,699USD91
2023-01-01 to 2023-06-3045,576,114USD181

Financing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-307,801,015USD182
2023-01-01 to 2023-06-30-2,730,050USD181

Investing cash flow

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

PeriodValueUnitDays
2024-01-01 to 2024-06-30-179,851USD182
2023-01-01 to 2023-06-30-24,661USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2024-06-3019,283,277USD
At 2023-12-3113,285,965USD

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
2024-04-01 to 2024-06-3041,259,614shares91
2024-01-01 to 2024-06-3040,629,807shares182
2023-04-01 to 2023-06-3040,000,000shares91
2023-01-01 to 2023-06-3040,000,000shares181

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
2024-04-01 to 2024-06-3041,386,842shares91
2024-01-01 to 2024-06-3040,693,421shares182
2023-04-01 to 2023-06-3040,000,000shares91
2023-01-01 to 2023-06-3040,000,000shares181

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
2024-04-01 to 2024-06-300.07USD/shares91
2024-01-01 to 2024-06-300.15USD/shares182
2023-04-01 to 2023-06-300.05USD/shares91
2023-01-01 to 2023-06-300.07USD/shares181

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
2024-04-01 to 2024-06-300.07USD/shares91
2024-01-01 to 2024-06-300.15USD/shares182
2023-04-01 to 2023-06-300.05USD/shares91
2023-01-01 to 2023-06-300.07USD/shares181

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
2024-04-01 to 2024-06-30813,852USD91
2024-01-01 to 2024-06-301,714,193USD182
2023-04-01 to 2023-06-30106,426USD91
2023-01-01 to 2023-06-30130,505USD181

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 2024-06-30548,849USD
At 2023-12-31399,981USD

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.

PeriodValueUnitDays
2024-01-01 to 2024-06-30230,266USD182

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
2024-04-01 to 2024-06-303,564,261USD91
2024-01-01 to 2024-06-307,536,009USD182
2023-04-01 to 2023-06-302,278,749USD91
2023-01-01 to 2023-06-302,961,196USD181

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 2024-06-3045,241,184USD
At 2023-12-3138,360,008USD

Current liabilities

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

PeriodValueUnitDays
At 2024-06-3018,124,069USD
At 2023-12-3118,827,655USD

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 2024-06-308,213,379USD
At 2023-12-3112,678,077USD

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 2024-06-3011,466,849USD
At 2023-12-319,566,445USD

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
2024-04-01 to 2024-06-307,934,996USD91
2024-01-01 to 2024-06-3014,414,635USD182
2023-04-01 to 2023-06-305,823,947USD91
2023-01-01 to 2023-06-3010,758,494USD181

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 2024-06-3030,831,548USD
At 2023-12-3125,800,912USD

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
2024-04-01 to 2024-06-3011,499,257USD91
2024-01-01 to 2024-06-3021,950,644USD182
2023-04-01 to 2023-06-308,102,696USD91
2023-01-01 to 2023-06-3013,719,690USD181

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
2024-01-01 to 2024-06-30162,250USD182

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.

PeriodValueUnitDays
At 2024-06-3041,322,485shares
At 2023-12-3140,000,000shares

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 2024-06-301,277,878USD
At 2023-12-31765,814USD
At 2023-06-30931,867USD
At 2022-12-31947,971USD

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 2024-06-305,392,664USD
At 2023-12-311,994,000USD

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 2024-06-303,492,910USD
At 2023-12-311,478,221USD

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 2024-06-303,552,265USD
At 2023-12-311,478,221USD

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 2024-06-301,040,763USD
At 2023-12-311,012,465USD

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 2024-06-30491,914USD
At 2023-12-31612,484USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-06-3049,500USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2024-06-304,316,525USD
At 2023-12-317,920,141USD

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.

PeriodValueUnitDays
At 2024-06-30202,273USD
At 2023-12-31283,276USD
At 2022-12-31556,538USD

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.

PeriodValueUnitDays
At 2024-06-301,205,431USD
At 2023-12-311,835,411USD

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.

PeriodValueUnitDays
At 2024-06-301,184,842USD
At 2023-12-31468,872USD

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
2024-04-01 to 2024-06-303,629,882USD91
2024-01-01 to 2024-06-307,711,505USD182
2023-04-01 to 2023-06-302,180,710USD91
2023-01-01 to 2023-06-302,752,954USD181

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
2024-04-01 to 2024-06-304,094,737USD91
2024-01-01 to 2024-06-308,201,642USD182
2023-04-01 to 2023-06-303,337,493USD91
2023-01-01 to 2023-06-306,321,755USD181

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
2024-04-01 to 2024-06-3030,473USD91
2024-01-01 to 2024-06-3066,984USD182
2023-04-01 to 2023-06-3034,992USD91
2023-01-01 to 2023-06-3070,292USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-3066,647USD91
2024-01-01 to 2024-06-30204,341USD182
2023-04-01 to 2023-06-30125,012USD91
2023-01-01 to 2023-06-30280,110USD181

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.

PeriodValueUnitDays
2024-04-01 to 2024-06-30132,268USD91
2024-01-01 to 2024-06-30379,837USD182
2023-04-01 to 2023-06-3026,973USD91
2023-01-01 to 2023-06-3071,868USD181

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
2024-04-01 to 2024-06-3065,621USD91
2024-01-01 to 2024-06-30175,496USD182
2023-04-01 to 2023-06-30-98,039USD91
2023-01-01 to 2023-06-30-208,242USD181

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
2024-04-01 to 2024-06-30898,749USD91
2024-01-01 to 2024-06-302,011,437USD182
2023-04-01 to 2023-06-30118,527USD91
2023-01-01 to 2023-06-30142,606USD181

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
2024-01-01 to 2024-06-30-297,244USD182
2023-01-01 to 2023-06-30-12,101USD181

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.

PeriodValueUnitDays
2024-01-01 to 2024-06-30137,694USD182
2023-01-01 to 2023-06-30477,742USD181

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

PeriodValueUnitDays
2024-01-01 to 2024-06-3052,570USD182
2023-01-01 to 2023-06-3064,000USD181

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
2024-01-01 to 2024-06-3080,000USD182

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

PeriodValueUnitDays
2024-01-01 to 2024-06-30657,388USD182
2023-01-01 to 2023-12-311,104,769USD365

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
2024-01-01 to 2024-06-302,151,184USD182
2023-01-01 to 2023-06-303,055,820USD181

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
2024-01-01 to 2024-06-305,030,636USD182
2023-01-01 to 2023-06-30-2,899,217USD181

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
2024-01-01 to 2024-06-30-4,464,698USD182
2023-01-01 to 2023-06-30-112,935USD181

Inspect the source

Entity
Massimo Group / CIK 0001952853
Captured
2026-09-21T17:41:58.828Z
SEC response SHA-256
6fc82207180e55557e37400eceba3fb05f9147ed5c094ff3eedddcb1f2c58d0a

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.

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

with urlopen("https://canlicapital.com/company-data/0001952853.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"])))