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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents (Included $1,700 and $122 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of June 30, 2024 and December 31, 2023, respectively.) $ 3,160,984 $ 4,832,460
Accounts receivable, net 41,659 55,458
Inventories 53,443 47,907
Prepaid taxes (Included $0 and $1,670 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of June 30, 2024 and December 31, 2023, respectively.) 25,415 21,993
Prepayments and deposits, net (Included $28 and $7 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of June 30, 2024 and December 31, 2023, respectively.) 540,821 215,806
Total Current Assets 3,828,274 5,185,152
NON-CURRENT ASSETS    
Property and equipment, net 53,990 77,858
Intangible assets, net 14,640 17,458
Finance lease assets 75,543 86,335
Operating right-of-use assets 281,256 357,301
Investment in marketable securities 14,698 20,171
Deferred tax assets 219
Total Non-Current Assets 440,127 559,342
TOTAL ASSETS 4,268,401 5,744,494
CURRENT LIABILITIES    
Customer deposits 86,204 101,575
Operating lease liabilities, current 139,633 138,548
Other payables and accrued liabilities ($1,384 and $899 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of June 30, 2024 and December 31, 2023, respectively.) 507,055 726,061
Finance lease liabilities, current 8,236 7,075
Income tax payable 16,292
Total Current Liabilities 810,363 1,071,538
NON-CURRENT LIABILITIES    
Operating lease liabilities, non-current 143,012 219,530
Finance lease liabilities, non-current 66,475 72,563
Total Non-Current Liabilities 209,487 292,093
TOTAL LIABILITIES 1,019,850 1,363,631
COMMITMENTS AND CONTINGENCIES (Note 19)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; Nil issued and outstanding
Common Stock, par value $0.0001; 1,000,000,000 shares authorized, 76,975,183 and 77,102,012 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively. 7,698 7,711
Additional paid in capital 11,385,409 11,378,743
Treasury Stock, par value $0.0001; 0 and 135,300 shares as of June 30, 2024 and December 31, 2023, respectively. (14)
Accumulated deficit (8,199,977) (7,047,571)
Accumulated other comprehensive income 26,887 30,215
TOTAL AGAPE ATP CORPORATION STOCKHOLDERS’ EQUITY 3,220,017 4,369,084
NON-CONTROLLING INTERESTS 28,534 11,779
TOTAL EQUITY 3,248,551 4,380,863
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 4,268,401 5,744,494
Nonrelated Party [Member]    
CURRENT ASSETS    
Amount due from related parties 1,895 435
CURRENT LIABILITIES    
Accounts payable 27,244 55,585
Related Party [Member]    
CURRENT ASSETS    
Amount due from related parties 4,057 11,093
CURRENT LIABILITIES    
Accounts payable 25,217 34,848
Other payable – related parties ($159 and $0 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of June 30, 2024 and December 31, 2023, respectively.) $ 482 $ 7,846