$AGMH
AGM GROUP HOLDINGS, INC.
CIK:0001705402|SEC Filings
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Cash flows from operating activities | |||
| Net income/(loss) | $ 561,630 | $ 3,119,095 | $ (7,439,280) |
| Net loss from discontinued operation, net of tax | (16,196) | (288,542) | (18,855,185) |
| Net income from continuing operation | 577,826 | 3,407,637 | 11,415,905 |
| Adjustment to reconcile net (loss)/income to net cash used in operating activities | |||
| Depreciation and amortization | 11,671 | 9,577 | 12,147 |
| Amortization of operating lease right-of-use asset | 86,914 | 9,726 | 34,398 |
| Allowance/(Reversal) for doubtful accounts | 4,992,591 | (1,224,026) | (15,390,030) |
| Gain on disposal of subsidiaries | (8,489,563) | 0 | 0 |
| Class A Ordinary Shares issued for consulting services | 588,300 | 0 | 0 |
| Amortization of convertible note issuance costs | 1,813,246 | 0 | 0 |
| Deferred tax expenses | 2,149,251 | 772,605 | 3,677,894 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (26,923,989) | (9,269,454) | 72,581,225 |
| Inventories | 21,391,950 | (27,172,200) | 0 |
| Advances to suppliers | (1,123,346) | 1,872,507 | 4,370,651 |
| Prepayment and other current assets | (4,316,641) | (384,957) | (3,148,581) |
| Accounts payable | 63,674 | (7,000,000) | (44,431,668) |
| Accrued expenses and other payables | 5,023,471 | 765,495 | 294,939 |
| Income tax payable | 781,336 | 1,552,412 | 394,138 |
| Advances from customers | 0 | (3,706,627) | 3,697,928 |
| Operating lease liabilities | (68,914) | (8,738) | (104,714) |
| Net cash (used in)/provided by operating activities from continuing operations | (3,442,223) | (40,376,043) | 33,404,232 |
| Net cash (used in)/provided by operating activities from discontinuing operations | (635,099) | 47,487,469 | (35,095,950) |
| Net cash (used in)/provided by operating activities | (4,077,322) | 7,111,426 | (1,691,718) |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | 0 | 0 | (1,050) |
| Proceeds from disposal of subsidiaries | 5,000 | 0 | 0 |
| Proceeds from disposal of property, plant and equipment | 0 | 2,433 | 0 |
| Net cash provided by/(used in) investing activities from continuing operations | 5,000 | 2,433 | (1,050) |
| Net cash provided by/(used in) investing activities from discontinuing operations | 0 | 113,415 | (9,658) |
| Net cash provided by/(used in) investing activities | 5,000 | 115,848 | (10,708) |
| Cash flows from financing activities | |||
| Issuance of ordinary shares for cash, net of issuance costs | 4,789,335 | 0 | 0 |
| Proceeds from related parties | 604,943 | 962,000 | 4,384,975 |
| Repayments to related parties | (2,213,602) | (8,021,693) | (3,160,000) |
| Net cash provided by/(used in) financing activities from continuing operations | 3,180,676 | (7,059,693) | 1,224,975 |
| Net cash provided by/(used in) financing activities from discontinuing operations | 0 | (182,558) | 97,844 |
| Net cash provided by/(used in) financing activities | 3,180,676 | (7,242,251) | 1,322,819 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 38,014 | (407,532) | (2,092,354) |
| Net change in cash, cash equivalents and restricted cash | (853,632) | (422,509) | (2,471,961) |
| Cash, cash equivalents and restricted cash, beginning of period | 1,178,970 | 1,601,479 | 4,073,440 |
| Reconciliation of cash, cash equivalents and restricted cash, end of year | |||
| Cash, cash equivalents | 325,338 | 1,170,931 | 1,599,906 |
| Restricted cash | 0 | 8,039 | 1,573 |
| Cash, cash equivalents and restricted cash, end of period | 325,338 | 1,178,970 | 1,601,479 |
| Supplemental cash flow information | |||
| Interest paid | 0 | 0 | 0 |
| Income taxes paid | 0 | 709 | 156,842 |
| Non-cash investing and financing activities | |||
| Additions of ROU Assets | 103,466 | 0 | 136,598 |
| Receivable from sale of subsidiaries | 64,300,000 | 0 | 0 |
| Less cash, cash equivalents and restricted cash of discontinued operations–end of period | 0 | 8,506 | 51,393 |
| Cash, cash equivalents and restricted cash of continuing operations–end of period | 325,338 | 1,170,464 | 1,550,086 |
| Reconciliation of cash, cash equivalents and restricted cash, beginning of the year | |||
| Cash, cash equivalents | 1,170,931 | 1,599,906 | 4,073,440 |
| Restricted cash | $ 8,039 | $ 1,573 | $ 0 |
CONSOLIDATED BALANCE SHEETS - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
||
|---|---|---|---|---|
| CURRENT ASSETS: | ||||
| Cash and cash equivalents | $ 325,338 | $ 1,170,462 | ||
| Restricted cash | 0 | 2 | ||
| Accounts receivable, net | 25,149,079 | 13,385,507 | ||
| Inventories | 5,780,250 | 27,172,200 | ||
| Advances to suppliers, net | 1,270,335 | 99,861 | ||
| Prepayment and other current assets, net | 9,807,087 | 4,174,868 | ||
| Assets of discontinued operations - current | 0 | 6,301,392 | ||
| Total current assets | 42,332,089 | 52,304,292 | ||
| NON - CURRENT ASSETS: | ||||
| Property, plant and equipment, net | 0 | 8,532 | ||
| Intangible assets, net | 21,047 | 32,527 | ||
| Operating lease right-of-use assets | 86,914 | 0 | ||
| Deferred tax assets | 564,557 | 2,713,808 | ||
| Other non-current assets | 1,224,300 | 0 | ||
| Assets of discontinued operations - non-current | 0 | 6,308,929 | ||
| Total non - current assets | 1,896,818 | 9,063,796 | ||
| TOTAL ASSETS | 44,228,907 | 61,368,088 | ||
| CURRENT LIABILITIES: | ||||
| Accounts payable | 63,673 | 12,909,752 | ||
| Accrued expenses and other payables | 1,688,349 | 2,510,916 | ||
| Advances from customers | 0 | 539 | ||
| Due to related parties | 592,131 | 2,200,451 | ||
| Operating lease liabilities, current | 51,922 | 0 | ||
| Income tax payable | 794,032 | 15,392,010 | ||
| Liabilities of discontinued operations - current | 6,472,461 | |||
| Total current liabilities | 3,190,107 | 39,486,129 | ||
| NON - CURRENT LIABILITIES: | ||||
| Operating lease liabilities, non-current | 52,992 | 0 | ||
| Convertible bonds | 1,813,246 | 0 | ||
| Liabilities of discontinued operations - non-current | 0 | 16,543 | ||
| Total non - current liabilities | 1,866,238 | 16,543 | ||
| TOTAL LIABILITIES | 5,056,345 | 39,502,672 | ||
| SHAREHOLDERS’ EQUITY: | ||||
| Additional paid-in capital | 33,003,786 | 26,502,856 | ||
| Statutory reserves | 0 | 335,696 | ||
| Retained earnings | 5,985,268 | 5,423,638 | ||
| Accumulated other comprehensive loss | (3,852) | (10,423,129) | ||
| Total shareholders’ equity | 39,172,562 | 21,865,416 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 44,228,907 | 61,368,088 | ||
| Class A Ordinary Shares | ||||
| SHAREHOLDERS’ EQUITY: | ||||
| Ordinary Shares | [1] | 127,360 | 24,255 | |
| Class B Ordinary Shares | ||||
| SHAREHOLDERS’ EQUITY: | ||||
| Ordinary Shares | [1] | $ 60,000 | $ 2,100 | |
| ||||