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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents (Included $1,139 and $122 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2024 and 2023, respectively.) $ 2,040,243 $ 4,832,460
Accounts receivable, net 53,651 55,458
Inventories 46,347 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 December 31, 2024 and 2023, respectively.) 45,426 21,993
Prepayments and deposits (Included $7 and $7 in the consolidated VIE that can be used only to settle obligations of the consolidated VIE as of December 31, 2024 and 2023, respectively.) 586,172 215,806
Total Current Assets 2,776,695 5,185,152
NON-CURRENT ASSETS    
Property and equipment, net 31,463 77,858
Intangible assets, net 13,082 17,458
Finance lease assets 178,948 86,335
Operating right-of-use assets 224,595 357,301
Investment in marketable securities 13,737 20,171
Investment in non-marketable securities 1,500
Deferred tax assets 219
Total Non-Current Assets 463,325 559,342
TOTAL ASSETS 3,240,020 5,744,494
CURRENT LIABILITIES    
Customer deposits 96,976 101,575
Operating lease liabilities, current 150,370 138,548
Other payables and accrued liabilities ($1,478 and $899 are included in the consolidated VIE that are without recourse to the credit of Agape ATP Corporation as of December 31, 2024 and 2023, respectively.) 712,436 726,061
Finance lease liabilities, current 21,635 7,075
Income tax payable 4,434
Total Current Liabilities 1,120,124 1,071,538
NON-CURRENT LIABILITIES    
Operating lease liabilities, non-current 75,425 219,530
Finance lease liabilities, non-current 115,350 72,563
Total Non-Current Liabilities 190,775 292,093
TOTAL LIABILITIES 1,310,899 1,363,631
COMMITMENTS AND CONTINGENCIES (Note 19)
STOCKHOLDERS’ EQUITY    
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding
Common Stock, par value $0.0001; 50,000,000 shares authorized, 3,989,056 and 3,855,101 shares issued and outstanding as of December 31, 2024 and 2023, respectively. [1] 399 386
Additional paid in capital 11,422,708 11,386,055
Treasury Stock, par value $0.0001; 0 and 6,765 shares as of December 31, 2024 and 2023, respectively. [1] (1)
Accumulated deficit (9,518,045) (7,047,571)
Accumulated other comprehensive income 27,852 30,215
TOTAL AGAPE CORPORATION STOCKHOLDERS’ EQUITY 1,932,914 4,369,084
NON-CONTROLLING INTERESTS (3,793) 11,779
TOTAL EQUITY 1,929,121 4,380,863
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 3,240,020 5,744,494
Nonrelated Party [Member]    
CURRENT ASSETS    
Amount due from related parties 2,544 435
CURRENT LIABILITIES    
Accounts payable – related parties 102,798 55,585
Related Party [Member]    
CURRENT ASSETS    
Amount due from related parties 2,312 11,093
CURRENT LIABILITIES    
Accounts payable – related parties 30,625 34,848
Other payable – related parties $ 850 $ 7,846
[1] Issued and outstanding shares of common stock and treasury stock have been adjusted on a retroactive basis to reflect 1-for-20 reverse stock split effective on August 30, 2024.