We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
LiquidValue Development Inc (PK) | USOTC:LVDW | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 14:30:02 |
☒
|
QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
|
☐
|
TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
|
NEVADA
|
|
27-1467607
|
State
or other jurisdiction of incorporation or
organization
|
|
(I.R.S.
Employer Identification No.)
|
4800
Montgomery Lane, Suite 210, Bethesda, Maryland
|
|
20814
|
(Address of
principal executive offices)
|
|
(Zip
Code)
|
Large
accelerated filer
|
☐
|
Accelerated
filer
|
☐
|
Non-accelerated
filer
|
☒
|
Smaller
reporting company
|
☒
|
|
|
Emerging growth
company
|
☐
|
3
|
|
|
|
3
|
|
|
|
3
|
|
|
|
4
|
|
|
|
5
|
|
|
|
6
|
|
|
|
7
|
|
|
|
16
|
|
|
|
20
|
|
|
|
20
|
|
|
|
21
|
|
|
|
21
|
|
|
|
21
|
|
|
|
21
|
|
|
|
21
|
|
|
|
21
|
|
|
|
21
|
|
|
|
21
|
|
|
|
22
|
|
March
31,
|
December
31,
|
|
2021
|
2020
|
Assets:
|
|
|
Real
Estate
|
|
|
Rental
Properties
|
$2,161,680
|
$-
|
Construction
in Progress
|
7,925,136
|
10,239,397
|
Land
Held for Development
|
10,085,160
|
10,376,840
|
|
20,171,976
|
20,616,237
|
|
|
|
Cash
|
1,701,106
|
2,375,180
|
Restricted
Cash
|
8,099,096
|
5,729,067
|
Accounts
Receivable
|
180,599
|
84,025
|
Other
Receivable
|
258,367
|
258,367
|
Related
Party Receivable
|
6,250
|
117,941
|
Prepaid
Expenses
|
68,176
|
11,563
|
Fixed
Assets, Net
|
3,204
|
3,802
|
Deposits
|
23,603
|
23,603
|
Operating
Lease Right-Of-Use Asset
|
228,562
|
-
|
Total
Assets
|
$30,740,939
|
$29,219,785
|
|
|
|
|
|
|
Liabilities
and Stockholders' Equity:
|
|
|
|
|
|
Liabilities:
|
|
|
Accounts
Payable and Accrued Expenses
|
$467,809
|
$563,843
|
Accrued
Interest - Related Parties
|
228,557
|
228,557
|
Builder
Deposits
|
928,565
|
1,262,336
|
Operating
Lease Liability
|
242,567
|
-
|
Note
Payable, net of discount
|
719,536
|
636,362
|
Note
Payable - Related Parties
|
2,095,023
|
-
|
Total
Liabilities
|
4,682,057
|
2,691,098
|
|
|
|
Stockholders'
Equity:
|
|
|
Common
Stock, at par $0.001, 1,000,000,000 shares authorized and
704,043,324 issued, and outstanding at March 31, 2021 and December
31, 2020
|
704,043
|
704,043
|
Additional
Paid In Capital
|
32,542,720
|
32,542,720
|
Accumulated
Deficit
|
(9,026,341)
|
(8,632,867)
|
Total
LiquidValue Development Inc. Stockholders' Equity
|
24,220,422
|
24,613,896
|
Non-controlling
Interests
|
1,838,460
|
1,914,791
|
Total
Stockholders' Equity
|
26,058,882
|
26,528,687
|
Total
Liabilities and Stockholders' Equity
|
$30,740,939
|
$29,219,785
|
|
2021
|
2020
|
Revenue
|
|
|
Property
|
$3,894,131
|
$2,954,389
|
|
3,894,131
|
2,954,389
|
Operating
Expenses
|
|
|
Cost
of Revenues
|
3,825,042
|
2,500,244
|
General
and Administrative
|
456,852
|
276,507
|
Total
Operation Expenses
|
4,281,894
|
2,776,751
|
|
|
|
Income
(Loss) From Operations
|
(387,763)
|
177,638
|
|
|
|
Other
Income
|
|
|
Interest
Income (Expense)
|
(3,824)
|
6,362
|
Other
Income
|
4,032
|
1,180
|
Total
Other Income
|
208
|
7,542
|
|
|
|
Net
Income (Loss) Before Income Taxes
|
(387,555)
|
185,180
|
|
|
|
Provision
for Income Taxes
|
-
|
-
|
|
|
|
Net
Income (Loss)
|
(387,555)
|
185,180
|
|
|
|
Net
Income Attributable to Non-controlling Interests
|
5,919
|
54,991
|
|
|
|
Net
Income (Loss) Attributable to Common Stockholders
|
$(393,474)
|
$130,189
|
|
|
|
Net
Income (Loss) Per Share - Basic and Diluted
|
$(0)
|
$0
|
|
|
|
Weighted
Average Common Shares Oustanding - Basic and Diluted
|
$704,043,324
|
$704,043,324
|
|
Common
Stock
|
|
|
|
|
|
|
|
Shares
|
Par Value
$0.001
|
Additional Paid in
Capital
|
Accumulated
Deficit
|
Total LiquidValue
Development Inc. Stockholders' Equity
|
Non-controlling
Interests
|
Total Stockholders
Equity
|
Balance
at January 1, 2021
|
704,043,324
|
704,043
|
32,542,720
|
(8,632,867)
|
24,613,896
|
1,914,791
|
26,528,687
|
|
|
|
|
|
|
|
|
Distribution
to Non-Controlling Stockholder
|
|
|
|
|
|
(82,250)
|
(82,250)
|
|
|
|
|
|
|
|
|
Net
Loss
|
|
|
|
(393,474)
|
(393,474)
|
5,919
|
(387,555)
|
|
|
|
|
|
|
|
|
Balance
at March 31, 2021
|
704,043,324
|
$704,043
|
$32,542,720
|
(9,026,341)
|
24,220,422
|
$1,838,460
|
$26,058,882
|
|
Common
Stock
|
|
|
|
|
|
|
|
Shares
|
Par Value
$0.001
|
Additional Paid in
Capital
|
Accumulated
Deficit
|
Total LiquidValue
Development Inc. Stockholders' Equity
|
Non-controlling
Interests
|
Total Stockholders
Equity
|
Balance
at January 1, 2020
|
704,043,324
|
704,043
|
32,542,720
|
(8,802,076)
|
24,444,687
|
2,275,061
|
26,719,748
|
|
|
|
|
|
|
|
|
Distribution
to Non-Controlling Stockholder
|
|
|
|
|
|
(197,400)
|
(197,400)
|
|
|
|
|
|
|
|
|
Net
Income
|
|
|
|
130,189
|
130,189
|
54,991
|
185,180
|
|
|
|
|
|
|
|
|
Balance
at March 31, 2020
|
704,043,324
|
$704,043
|
$32,542,720
|
(8,671,887)
|
24,574,876
|
$2,132,652
|
$26,707,528
|
|
2021
|
2020
|
|
|
|
Cash
Flows From Operating Activities
|
|
|
Net
Income (Loss)
|
$(387,555)
|
$185,180
|
Adjustments
to Reconcile Net Income to Net Cash Used in Operating
Activities:
|
|
|
Depreciation
|
598
|
756
|
Amortization
of Right -Of- Use Asset
|
35,874
|
20,077
|
Amortization
of Debt Discount
|
8,045
|
-
|
Changes
in Operating Assets and Liabilities
|
|
|
Real
Estate
|
444,261
|
196,714
|
Accounts
Receivable
|
(96,574)
|
132,309
|
Related
Party Receivable
|
81,714
|
(522,143)
|
Prepaid
Expenses
|
(64,121)
|
13,202
|
Accounts
Payable and Accrued Expenses
|
(89,407)
|
369,962
|
Accrued
Interest - Related Parties
|
-
|
(96,425)
|
Operating
Lease Liability
|
(14,361)
|
(22,832)
|
Builder
Deposits
|
(333,771)
|
(285,010)
|
Net
Cash Used in Operating Activities
|
(415,297)
|
(8,210)
|
|
|
|
Cash
Flows From Investing Activities
|
|
|
Purchase
of Fixed Assets
|
-
|
(1,386)
|
Net
Cash Used In Investing Activities
|
-
|
(1,386)
|
|
|
|
Cash
Flows From Financing Activities
|
|
|
Borrowing
from PPP Loan
|
68,502
|
-
|
Distribution
to Non-controlling Interest Shareholders
|
(82,250)
|
(197,400)
|
Borrowing
from Notes Payable - Related Parties
|
2,125,000
|
-
|
Net
Cash Perovided by (Used In) Financing Activities
|
2,111,252
|
(197,400)
|
|
|
|
Net
Increase (Decrease) in Cash and Restricted Cash
|
1,695,955
|
(206,996)
|
Cash
and Restricted Cash - Beginning of Year
|
8,104,247
|
5,402,872
|
Cash
and Restricted Cash at End of Period
|
$9,800,202
|
$5,195,876
|
|
|
|
Supplementary
Cash Flow Information
|
|
|
Cash
Paid For Interest
|
$6,627
|
$-
|
Cash
Paid For Taxes
|
$-
|
$-
|
|
|
|
Supplemental
Disclosure of Non-Cash Investing and Financing
Activities
|
|
|
Initial
Recognition of Operating Lease Right-Of-Use Asset and
Liability
|
$256,928
|
$-
|
Name
of consolidated subsidiary
|
State
or other jurisdiction of incorporation or organization
|
Date of incorporation or
formation
|
Attributable interest
|
Alset
EHome Inc.
|
Delaware
|
February 24,
2015
|
100%
|
SeD
USA, LLC
|
Delaware
|
August
20, 2014
|
100%
|
150
Black Oak GP, Inc.
|
Texas
|
January
23, 2014
|
100%
|
SeD
Development USA, Inc.
|
Delaware
|
March
13, 2014
|
100%
|
150 CCM
Black Oak Ltd.
|
Texas
|
March
17, 2014
|
100%
|
SeD
Ballenger, LLC
|
Delaware
|
July 7,
2015
|
100%
|
SeD
Maryland Development, LLC
|
Delaware
|
October
16, 2014
|
83.55%
|
SeD
Development Management, LLC
|
Delaware
|
June
18, 2015
|
85%
|
SeD
Builder, LLC
|
Delaware
|
October
21, 2015
|
100%
|
SeD
Texas Home, LLC
|
Delaware
|
June
16, 2015
|
100%
|
SedHome
Rental, Inc.
|
Texas
|
December 19,
2018
|
100%
|
SeD
REIT Inc.
|
Maryland
|
August
20, 2019
|
100%
|
Alset
Solar Inc.
|
Texas
|
September 21,
2020
|
80%
|
|
Three Months Ended March 31, 2021
|
Weighted Average
Remaining Operating Lease Term (in years)
|
2.87
|
2021
|
$83,644
|
2022
|
92,559
|
2023
|
95,104
|
2024
|
24,430
|
Total
Minimum Lease Payments
|
295,737
|
Less:
Effect of Discounting
|
(53,170)
|
Present
Value of Future Minimum Lease Payments
|
242,567
|
Less:
Current Obligation under Leases
|
-
|
Long-term
Lease Obligations
|
$242,567
|
|
Three-months
Ended
|
|
|
March
31,
2021
|
March
31,
2020
|
Revenue
|
$3,894,131
|
$2,954,389
|
Cost of
Sales
|
$3,825,042
|
$2,500,244
|
General and
Administrative
|
$456,852
|
$276,507
|
Other
Income
|
$208
|
$7,542
|
Net Income
(Loss)
|
$(387,555)
|
$185,180
|
|
LIQUIDVALUE
DEVELOPMENT INC.
|
|
|
|
|
|
|
|
|
|
|
May 17,
2021
|
By:
|
/s/ Fai H.
Chan
|
|
|
|
Fai H.
Chan
Co-Chief Executive
Officer and Director
|
|
|
|
(Principal
Executive Officer)
|
|
May 17,
2021
|
By:
|
/s/ Moe T.
Chan
|
|
|
|
Moe T.
Chan
Co-Chief Executive
Officer and Director
|
|
|
|
(Principal
Executive Officer)
|
|
May 17,
2021
|
By:
|
/s/ Rongguo
(Ronald) Wei
|
|
|
|
Rongguo
(Ronald) Wei
Co-Chief Financial
Officer
|
|
|
|
(Principal
Financial and Accounting Officer)
|
|
May 17,
2021
|
By:
|
/s/
Alan W. L. Lui
|
|
|
|
Alan W.
L. Lui
Co-Chief Financial
Officer
|
|
|
|
(Principal
Financial and Accounting Officer)
|
|
1 Year LiquidValue Development (PK) Chart |
1 Month LiquidValue Development (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions