XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
REVENUE $ 331,289 $ 355,314 $ 962,971 $ 1,040,017
COST OF REVENUE (147,104) (120,586) (381,805) (356,875)
GROSS PROFIT 184,185 234,728 581,166 683,142
SELLING (41,582) (49,285) (129,938) (189,509)
COMMISSION (6,894) (14,002) (23,573) (69,886)
GENERAL AND ADMINISTRATIVE (683,819) (488,519) (2,152,889) (1,554,242)
TOTAL OPERATING EXPENSES (732,295) (551,806) (2,306,400) (1,813,637)
LOSS FROM OPERATIONS (548,110) (317,078) (1,725,234) (1,130,495)
OTHER INCOME (EXPENSES)        
Other income (loss), net 3,445 (98) 25,942 12,402
Interest income 16,291 658 58,432 5,475
Unrealized holding (loss) gain on marketable securities (1,176) (3,872) (6,642) 4,838
Gain (loss) on disposal of property and equipment 111 (20) 111 1,767
Exchange gain (loss), net 2,525 (382) 1,745 (34,958)
TOTAL OTHER INCOME (EXPENSES), NET 21,196 (3,714) 79,588 (10,476)
LOSS BEFORE INCOME TAXES (526,914) (320,792) (1,645,646) (1,140,971)
INCOME TAX CREDIT (EXPENSE) 2,875 (3,943) (13,803) 2,712
NET LOSS (524,039) (324,735) (1,659,449) (1,138,259)
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS (14,411) 2,294 2,586 (10,704)
NET LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION (509,628) (327,029) (1,662,035) (1,127,555)
NET LOSS (524,039) (324,735) (1,659,449) (1,138,259)
OTHER COMPREHENSIVE INCOME        
Foreign currency translation adjustment 7,224 6,367 3,896 8,713
TOTAL COMPREHENSIVE LOSS (516,815) (318,368) (1,655,553) (1,129,546)
Less: Comprehensive (loss) income attributable to non-controlling interests (12,522) 2,039 4,233 (11,580)
COMPREHENSIVE LOSS ATTRIBUTABLE TO AGAPE ATP CORPORATION $ (504,293) $ (320,407) $ (1,659,786) $ (1,117,966)
LOSS PER SHARE - basic $ (0.13) $ (0.09) $ (0.43) $ (0.30)
LOSS PER SHARE - diluted $ (0.13) $ (0.09) $ (0.43) $ (0.30)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - basic [1] 3,881,074 3,772,601 3,859,393 3,772,601
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - diluted [1] 3,881,074 3,772,601 3,859,393 3,772,601
[1] Weighted average number of common shares outstanding have been adjusted on a retroactive basis to reflect 1-for-20 reverse stock split