KIWA BIO-TECH PRODUCTS GROUP CORP company info

CIK 1159275
IRS Number 870448400
State of incorporation NV
Business address 3200 GUASTI ROAD,
SUITE 100
ONTARIO
CA
91761
Mail address 3200 GUASTI ROAD,
SUITE 100
ONTARIO
CA
91761

Short summary

KIWA BIO-TECH PRODUCTS GROUP CORP is a California company, with head office located at 3200 Guasti Road, Ontario, California 91761. The company achieved a record breaking net income in 2017 - 5.31 million USD. In 2018 the company owned a total of 32.24 million USD worth of assets, including 31.40 million USD worth of current assets and 846.05 thousand USD worth of non-current assets. The company amassed the most assets last year, totalling up to 32.24 million USD.

KIWA BIO-TECH PRODUCTS GROUP CORP Income Statement

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cost of Goods and Services Sold 11.8522.39
Gross Profit -0.0101.955.428.26
Research and development 0.180.170.160.160.160.020.220.150.12
Operating Expenses 2.031.421.200.560.530.241.153.635.67
Operating Income (Loss) -2.04-1.42-1.20-0.56-0.53-0.240.801.802.59
Interest expense 0.240.270.250.190.020.190.520.63
Other Nonoperating Income (Expense) 4.27-0.09-0.00
Income Tax Expense (Benefit) 00000.43-1.10-1.91
Net income -2.28-1.69-1.343.71-0.71-0.680.965.310.34

KIWA BIO-TECH PRODUCTS GROUP CORP Balance Sheet

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Cash and cash equivalents 0.060.020.000.000.010.000.010.075.080.01
Accounts Receivable, Net, Current 0.069.436.993.52
Nontrade Receivables, Current 0.020.02
Inventories 1.710.11
Property, Plant and Equipment, Gross 0.022.202.272.230.080.160.24
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 0.760.780.810.800.760.040.100.12
Goodwill 0.030.03
Other Assets, Noncurrent 0.18
Total assets 0.070.050.030.030.021.3820.5129.4832.24
Current assets 0.040.030.020.030.021.2719.5828.5931.40
Non-current assets 0.000.930.890.85
Accounts payable 0.340.310.310.320.344.700.882.55
Taxes Payable, Current 0.210.260.410.480.500.621.974.17
Total current liabilities 9.7411.2612.798.609.277.1010.8516.8219.14
Long-term Debt 1.901.881.81
Total liabilities 11.5113.0714.6610.4511.158.8319.8317.4119.14
Common Stock, Value, Issued 0.400.400.400.400.400.010.010.020.02
Retained Earnings (Accumulated Deficit) -19.60-21.06-22.42-18.29-18.88-20.09-16.36-15.17-16.66
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.34-0.46-0.71-0.62-0.74-0.17-0.010.04-0.56

KIWA BIO-TECH PRODUCTS GROUP CORP Cash Flow

Name [in Millions USD]2009201020112012201320142015201620172018Trends
Net income -2.28-1.69-1.343.71-0.71-0.680.965.310.34
Depreciation 0.010.000.000.000.020.050.03
Depreciation and amortization 0.030.010.000.000.000.000.020.050.03
Accounts receivable 1.23-1.136.99
Inventories 0.0402.65-0.99
Accounts payable -0.00-0.0301.120.63-0.10
Deferred revenue 0.03
Net Cash Provided by (Used in) Operating Activities -0.98-0.50-0.24-0.14-0.15-1.14-5.65-1.65
Payments to Acquire Property, Plant, and Equipment 0.0000.080.080.05
Net Cash Provided by (Used in) Investing Activities -0.000-0.08-0.82-0.05
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
Proceeds from Issuance of Common Stock 0.916.350.31
Net Cash Provided by (Used in) Financing Activities 1.070.450.240.151.017.530.56
Cash and Cash Equivalents, Period Increase (Decrease) 0.00-0.02-0.01-0.000.00-0.000.011.07-1.08