Takung Art Co., Ltd
Consumer Discretionary · Retail-Retail Stores, NEC · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $3.4M | $120,000 | $463,397 | $450,048 | $569,098 | $1.2M |
| Operating income | −$10.4M | −$13.4M | −$787,738 | −$3.7M | −$6.7M | −$1.8M |
| Net income | −$10.9M | −$30.1M | −$612,638 | −$4.1M | −$7.6M | −$1.1M |
| Total assets | $67.8M | $11.7M | $24.4M | $32.4M | $24.6M | $52.8M |
| Total liabilities | $15.3M | $8.9M | $18.6M | $26.0M | $14.1M | $34.9M |
| Equity | $52.4M | $2.8M | $5.8M | $6.4M | $10.5M | $17.9M |
| EPS (diluted) | $-0.20 | $-1.09 | $0.01 | $-0.36 | $-0.68 | $-0.10 |
| Shares out. | 24.6M | 11.3M | 11.3M | 11.2M | 11.2M | 11.2M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- −304.2%
- Net margin
- −321.2%
- Return on equity
- −20.9%
- Return on assets
- −16.1%
- Return on capital (ROCE)
- −19.8%
- Liabilities / assets
- 22.6%
- Debt / equity
- 0.29×
- Book value / share
- $2.13
- Revenue growth (YoY)
- 2736.3%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- 5.68safe
- Accruals / assets
- −21.3%clean
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 2 warning● 5 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Qmissed a reporting deadline ↗Nov 17, 2021
- NT 10-Qmissed a reporting deadline ↗May 15, 2019
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Modified shareholder rightsSep 8, 2023
- Director / officer changeJul 10, 2023
- Delisting / listing-standard notice · Shareholder voteMay 25, 2023
- Director / officer changeApr 18, 2023
- Delisting / listing-standard notice · Other material eventJan 25, 2023
- Entered a material agreementNov 7, 2022
- Unregistered equity saleSep 13, 2022
- Entered a material agreement · Director / officer changeAug 30, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 25-NSESep 18, 2023
- 8-KCURRENT REPORTSep 8, 2023
- 10-QQUARTERLY REPORTAug 14, 2023
- 8-KCURRENT REPORTJul 10, 2023
- 8-KCURRENT REPORTMay 25, 2023
- 10-QQUARTERLY REPORTMay 24, 2023
- 10-K/AAMENDMENT NO. 1 TO FORM 10-KMay 24, 2023
- NT 10-QNOTIFICATION OF LATE FILINGMay 15, 2023
- DEFR14APROXY STATEMENTApr 21, 2023
- 8-KCURRENT REPORTApr 18, 2023
- 10-KANNUAL REPORTApr 17, 2023
- NT 10-KNOTIFICATION OF LATE FILINGMar 31, 2023
- DEFR14AAMENDMENT NO.1 TO PROXY STATEMENTFeb 7, 2023
- DEFA14ACURRENT REPORTJan 25, 2023
- 8-KCURRENT REPORTJan 25, 2023
Event-driven situations (1)
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