$SSHT
SSHT S&T Group Ltd.
CIK:0001975222|SEC Filings
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS) (UNAUDITED) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
|
| Income Statement [Abstract] | ||||
| Net revenues | $ 74,278 | $ 42,346 | $ 155,957 | $ 105,082 |
| Gross profit | 74,278 | 42,346 | 155,957 | 105,082 |
| Operating expenses: | ||||
| General and administrative expenses | (35,467) | (55,570) | (98,152) | (166,810) |
| Total operating expenses | (35,467) | (55,570) | (98,152) | (166,810) |
| (Loss) income from operations | 38,811 | (13,224) | 57,805 | (61,728) |
| Interest income (expense), net | 11 | 11 | ||
| Bank charge | (164) | (164) | ||
| Other income (expenses),net | 58 | 58 | ||
| (Loss) income before income taxes | 38,716 | (13,224) | 57,710 | (61,728) |
| Net (loss) income | 38,716 | (13,224) | 57,710 | (61,728) |
| Net (loss) income attributable to ordinary shareholders | 38,716 | (13,224) | 57,710 | (61,728) |
| Other comprehensive (loss) income | ||||
| Foreign currency translation adjustments, net of tax of nil | 549 | 396 | 963 | 1,338 |
| Comprehensive (loss) income attributable to SSHT S&T Group Ltd. | 39,265 | (12,828) | 58,673 | (60,390) |
| Total comprehensive (loss) income attributable to ordinary shares of SSHT S&T Group Ltd. | $ 39,265 | $ (12,828) | $ 58,673 | $ (60,390) |
| Net loss per ordinary share: | ||||
| Basic | $ 0.0004 | $ (0.0001) | $ 0.0005 | $ (0.0006) |
| Diluted | $ 0.0004 | $ (0.0001) | $ 0.0005 | $ (0.0006) |
| Weighted average shares used in calculating net loss per ordinary share: | ||||
| Basic | 109,903,473 | 109,903,473 | 109,903,473 | 109,903,473 |
| Diluted | 109,903,473 | 109,903,473 | 109,903,473 | 109,903,473 |
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($) |
9 Months Ended | |
|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
|
| Cash flows from operating activities: | ||
| Net (Loss) income | $ 57,710 | $ (61,728) |
| Changes in assets and liabilities: | ||
| Accounts receivable | 24,775 | 1,450 |
| Due from related companies | (31,881) | |
| Accounts payable | (20,840) | 40,304 |
| Amounts due to a related party | (44,959) | |
| Salary and welfare payable | 12,229 | 37,516 |
| Accrued expenses and other payables | 2,860 | |
| Net cash provided by operating activities | (106) | (22,762) |
| Effect of exchange rate changes on cash, cash equivalents | 94 | 1,338 |
| Net increase / (decrease) in cash, cash equivalents | (13) | (21,424) |
| Cash, cash equivalents at beginning of year | 8,218 | 22,569 |
| Cash, cash equivalents at end of year | $ 8,205 | $ 1,145 |
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) |
Sep. 30, 2024 |
Dec. 31, 2023 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 8,205 | $ 8,218 |
| Accounts receivable, net | 25,116 | |
| Due from related companies (Note 4) | 41,724 | 8,920 |
| Total current assets | 49,929 | 42,254 |
| TOTAL ASSETS | 49,929 | 42,254 |
| Current liabilities | ||
| Accounts payable | 4,275 | 25,352 |
| Amounts due to a related party (Note 4) | 84,491 | 130,094 |
| Other current liabilities | 33,208 | 17,526 |
| Total current liabilities | 121,974 | 172,972 |
| TOTAL LIABILITIES | 121,974 | 172,972 |
| Common stock, par value $0.001,1,000,000,000 shares authorized; 109,903,473 and 109,903,473 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively (Note 5) | 109,903 | 109,903 |
| Additional paid-in capital | 2,363,962 | 2,363,962 |
| Accumulated deficit | (2,550,022) | (2,607,732) |
| Accumulated other comprehensive income (loss) | 4,112 | 3,149 |
| Total shareholders’ deficit | (72,045) | (130,718) |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | $ 49,929 | $ 42,254 |