$ATPC

Agape ATP Corp

CIK:0001713210|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)

3 Months Ended

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Jun. 30, 2026

Jun. 30, 2025

Income Statement [Abstract]

REVENUE

$ 13,693

$ 207,029

$ 35,281

$ 243,820

COST OF REVENUE

(1,923)

(141,661)

(7,218)

(156,670)

GROSS PROFIT

11,770

65,368

28,063

87,150

SELLING

(30,315)

(59,863)

(65,087)

(120,399)

COMMISSION

(3,397)

(16,019)

(7,845)

(23,964)

GENERAL AND ADMINISTRATIVE

(529,033)

(611,020)

(1,150,240)

(1,249,800)

TOTAL OPERATING EXPENSES

(562,745)

(686,902)

(1,223,172)

(1,394,163)

LOSS FROM OPERATIONS

(550,975)

(621,534)

(1,195,109)

(1,307,013)

OTHER INCOME (EXPENSES)

Other income, net

3,113

6,381

4,869

11,996

Interest income

153

3,416

Unrealized holding (loss) gain on marketable securities

(15,387)

7,748

(3,155)

6,652

Exchange gain (loss), net

645,027

(573)

967,485

(870)

Gain on disposal of assets

1,813

TOTAL OTHER INCOME, NET

634,566

13,709

971,012

21,194

INCOME (LOSS) BEFORE INCOME TAXES

83,591

(607,825)

(224,097)

(1,285,819)

INCOME TAX EXPENSE

NET INCOME (LOSS) FROM CONTINUING OPERATIONS

83,591

(607,825)

(224,097)

(1,285,819)

NET LOSS FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES

(8,914)

(15,421)

(42,132)

(50,346)

INCOME FROM DISPOSAL OF DISCONTINUED OPERATIONS

74,760

NET INCOME (LOSS)

149,437

(623,246)

(191,469)

(1,336,165)

OTHER COMPREHENSIVE LOSS

Foreign currency translation adjustment

(218,954)

(2,177)

(232,391)

(5,377)

TOTAL COMPREHENSIVE LOSS

(69,517)

(625,423)

(423,860)

(1,341,542)

NET INCOME (LOSS) ATTRIBUTABLE TO AGAPE ATP CORPORATION

153,003

(617,078)

(174,616)

(1,316,027)

NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS

(3,566)

(6,168)

(16,853)

(20,138)

NET INCOME (LOSS)

149,437

(623,246)

(191,469)

(1,336,165)

COMPREHENSIVE LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION

(66,508)

(618,472)

(407,563)

(1,320,631)

COMPREHENSIVE LOSS ATTRIBUTABLE TO NON-CONTROLLING INTERESTS

(3,009)

(6,951)

(16,297)

(20,911)

NET COMPREHENSIVE LOSS

$ (69,517)

$ (625,423)

$ (423,860)

$ (1,341,542)

EARNINGS (LOSS) PER SHARE

Basic - continuing operations

^[1]

$ 0.09

$ (0.60)

$ (0.19)

$ (2.08)

Diluted - continuing operations

^[1]

0.09

(0.60)

(0.19)

(2.08)

Basic - discontinued operations

^[1]

0.06

(0.02)

0.02

(0.12)

Diluted - discontinued operations

^[1]

0.06

(0.02)

0.02

(0.12)

Basic

^[1]

0.15

(0.62)

(0.17)

(2.20)

Diluted

^[1]

$ 0.15

$ (0.62)

$ (0.17)

$ (2.20)

WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING*

Basic

^[1],[2]

1,000,626

1,000,108

1,000,626

598,496

Diluted

^[1],[2]

1,000,626

1,000,108

1,000,626

598,496

[1]	Weighted average number of common shares outstanding have been adjusted on a retroactive basis to reflect 1-for-50 reverse stock split effective on February 20, 2026.
[2]	Weighted average number of common shares outstanding have been adjusted on a retroactive basis to reflect 1-for-50 reverse stock split effective on February 20, 2026.

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (191,469)	$ (1,336,165)
Income from disposal of discontinued operations	74,760
Net loss from discontinued operations	(42,132)	(50,346)
Net loss from continuing operations	(224,097)	(1,285,819)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation of property and equipment	1,069	14,883
Amortization of intangible assets	1	17
Amortization of finance lease assets	13,518	12,360
Amortization of operating right-of-use assets	79,858	76,465
Unrealized holding (gain) loss on marketable securities	3,155	(6,652)
Unrealized exchange gain	(976,604)
Inventory write-off	2,087	6,897
Changes in operating assets and liabilities:
Accounts receivables	4,752	31,462
Amount due from related parties	61	1,626
Inventories	2,364	5,034
Prepaid taxes	(587)
Prepayments and deposits	29,437	(631,794)
Other receivables	30	2,517
Accounts payable	(30)	(43,608)
Accounts payable – related parties		1,612
Customer deposits	(14,938)	(6,533)
Operating lease liabilities	(80,258)	(76,876)
Other payables and accrued liabilities	44,562	(131,097)
Other payables – related parties	2,518	5,250
Amount due to directors	648,651	101,292
Net cash used in operating activities from continuing operations	(464,451)	(1,922,964)
Net cash used in operating activities from discontinued operations	(40,637)	(25,368)
Net cash used in operating activities	(505,088)	(1,948,332)
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceed from disposal of subsidiary	144
Advances for investment		(23,000,000)
Net cash provided by (used in) investing activities from continuing operations	144	(23,000,000)
Net cash used in investing activities from discontinued operations		(660)
Net cash provided by (used in) investing activities	144	(23,000,660)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock		23,000,000
Payment of finance lease liabilities	(7,299)	(6,392)
Advance from director	499,893	126,633
Deferred offering costs	(73,128)
Net cash provided by financing activities from continuing operations	419,466	23,120,241
Net cash used in financing activities from discontinued operations	(5,421)	(4,563)
Net cash provided by financing activities	414,045	23,115,678
EFFECT OF EXCHANGE RATE ON CASH AND CASH EQUIVALENTS	1,515	9,044
DECREASE IN CASH AND CASH EQUIVALENTS	(89,384)	(1,824,270)
Cash and cash equivalents from continuing operations, beginning of period	89,651	1,992,761
Cash and cash equivalents from discontinued operations, beginning of period	50,421	47,482
CASH AND CASH EQUIVALENTS, beginning of period	140,072	2,040,243
Cash and cash equivalents from continuing operations, end of period	45,480	197,041
Cash and cash equivalents from discontinued operations, end of period	5,208	18,932
CASH AND CASH EQUIVALENTS, end of period	50,688	215,973
Supplemental Cash Flow Information [Abstract]
Income taxes paid from continuing operations	335
Income taxes paid from discontinued operations	$ 3,777	$ 8,122

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)

Jun. 30, 2026

Dec. 31, 2025

CURRENT ASSETS

Cash and cash equivalents (Included $256 and $257 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of June 30, 2026 and December 31, 2025, respectively.)

$ 45,480

$ 89,651

Accounts receivable, net

4,023

Inventories

21,678

26,148

Prepaid taxes

7,827

7,288

Prepayments and deposits

24,757,770

24,072,753

Current assets of discontinued operations

89,766

Total Current Assets

24,834,565

24,291,508

NON-CURRENT ASSETS

Property and equipment, net

4,071

5,140

Intangible assets, net

Finance lease assets

79,199

92,840

Operating right-of-use assets

15,108

102,101

Investment in marketable securities

19,349

22,679

Deferred offering costs

73,128

Non-current assets of discontinued operations

77,009

Total Non-Current Assets

190,855

299,770

TOTAL ASSETS

25,025,420

24,591,278

CURRENT LIABILITIES

Customer deposits

142,308

155,696

Operating lease liabilities, current

13,839

93,781

Other payables and accrued liabilities ($2,213 and $1,631 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of June 30, 2026 and December 31, 2025, respectively.)

710,797

768,785

Finance lease liabilities, current

14,725

14,479

Income tax payable

1,127

1,132

Current liabilities of discontinued operations

188,927

Total Current Liabilities

2,939,317

2,054,514

NON-CURRENT LIABILITIES

Operating lease liabilities, non-current

1,317

8,761

Finance lease liabilities, non-current

32,800

40,434

Non-current liabilities of discontinued operations

61,468

Total Non-Current Liabilities

34,117

110,663

TOTAL LIABILITIES

2,973,434

2,165,177

COMMITMENTS AND CONTINGENCIES (Note 21)

STOCKHOLDERS’ EQUITY

Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding

Common Stock, par value $0.0001; 30,000,000,000 and 500,000,000 shares authorized, 1,000,626 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.

^[1]

100

Additional paid in capital

34,271,975

Accumulated deficit

(11,972,452)

(11,797,836)

Accumulated other comprehensive loss

(247,637)

(14,690)

TOTAL AGAPE ATP CORPORATION STOCKHOLDERS’ EQUITY

22,051,986

22,459,549

NON-CONTROLLING INTERESTS

(33,448)

TOTAL EQUITY

22,051,986

22,426,101

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

25,025,420

24,591,278

Nonrelated Party [Member]

CURRENT ASSETS

Other receivable

Related Party [Member]

CURRENT ASSETS

Other receivable

1,780

1,849

CURRENT LIABILITIES

Other payable – related parties

$ 2,056,521

$ 831,714

[1]	Weighted average number of common shares outstanding have been adjusted on a retroactive basis to reflect 1-for-50 reverse stock split effective on February 20, 2026.