XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
REVENUE $ 313,039 $ 303,935 $ 631,682 $ 684,703
COST OF REVENUE (119,478) (107,931) (234,701) (236,289)
GROSS PROFIT 193,561 196,004 396,981 448,414
SELLING (38,008) (64,126) (88,356) (140,224)
COMMISSION (7,335) (21,942) (16,679) (55,884)
GENERAL AND ADMINISTRATIVE (601,803) (469,469) (1,469,070) (1,065,723)
TOTAL OPERATING EXPENSES (647,146) (555,537) (1,574,105) (1,261,831)
LOSS FROM OPERATIONS (453,585) (359,533) (1,177,124) (813,417)
OTHER INCOME (EXPENSES)        
Other income, net 18,355 4,134 22,497 12,500
Interest income 19,332 1,634 42,141 4,817
Unrealized holding (loss) gain on marketable securities (6,639) 3,790 (5,466) 8,710
Gain on disposal of property and equipment 1,787 1,787
Exchange gain (loss), net 62 (33,700) (780) (34,576)
TOTAL OTHER INCOME (EXPENSES), NET 31,110 (22,355) 58,392 (6,762)
LOSS BEFORE INCOME TAXES (422,475) (381,888) (1,118,732) (820,179)
INCOME TAX (EXPENSE) CREDIT (9,840) 2,439 (16,678) 6,655
NET LOSS (432,315) (379,449) (1,135,410) (813,524)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 10,384 (4,763) 16,997 (12,998)
NET LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION (442,699) (374,686) (1,152,407) (800,526)
NET LOSS (432,315) (379,449) (1,135,410) (813,524)
OTHER COMPREHENSIVE (LOSS) INCOME        
Foreign currency translation adjustment (1,777) 269 (3,328) 2,346
TOTAL COMPREHENSIVE LOSS (434,092) (379,180) (1,138,738) (811,178)
Less: Comprehensive income (loss) attributable to non-controlling interests 10,444 (5,401) 16,755 (13,619)
COMPREHENSIVE LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION $ (444,536) $ (373,779) $ (1,155,493) $ (797,559)
LOSS PER SHARE - basic $ (0.01) $ (0.00) $ (0.01) $ (0.01)
LOSS PER SHARE - diluted $ (0.01) $ (0.00) $ (0.01) $ (0.01)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - basic 76,969,691 75,452,012 76,968,201 75,452,012
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - diluted 76,969,691 75,452,012 76,968,201 75,452,012