Prepaid payment network service fee 82 -
----------- -----------
Total operating revenue 82 -
----------- -----------
OPERATING EXPENSE
Selling, general and administrative
expenses 1,080,345 1,123,711
----------- -----------
Total operating expenses 1,080,345 1,123,711
----------- -----------
LOSS FROM OPERATIONS (1,080,263) (1,123,711)
----------- -----------
OTHER EXPENSES (1,623) (1,693)
----------- -----------
LOSS BEFORE INCOME TAX PROVISION (1,081,886) (1,125,404)
----------- -----------
PROVISION FOR INCOME TAXES - -
----------- -----------
NET LOSS (1,081,886) (1,125,404)
=========== ===========
OTHER COMPREHENSIVE LOSS
Foreign currency translation
adjustment (57,057) (7,565)
----------- -----------
COMPREHENSIVE LOSS $(1,138,943) $(1,132,969)
=========== ===========
Loss per common share- basic and
diluted $ (0.46) $ (0.47)
=========== ===========
Weighted average shares- basic and
diluted 2,376,764 2,376,764
=========== ===========
SENTAGE HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the six months
ended June 30,
--------------------------
2023 2024
------------ ------------
Cash flows from operating activities
Net loss $(1,081,886) $(1,125,404)
Adjustments to reconcile net income
to cash and restricted cash provided
by (used in) operating activities:
Depreciation and amortization 49,087 52,151
Allowance for Credit Losses (2,902) 45,231
Changes in operating assets and
liabilities:
Accounts receivable 37,863 107,348
Prepaid expenses and other current
assets 124,441 (101,374)
Lease liabilities (44,191) (44,473)
Accrued expenses and other current
liabilities (97,547) (19,443)
----------- -----------
Net cash used in operating activities (1,015,135) (1,085,964)
----------- -----------
Cash flows from investing activity
Additions to property, plant and
equipment (537) -
----------- -----------
Net cash used in investing activity (537) -
----------- -----------
Cash flows from financing activity
Proceeds from (Repayment to) related
party loans (4,709) 438,129
Net cash (used in)/provided by
financing activity (4,709) 438,129
----------- -----------
Reconciliation of cash and restricted
cash, beginning of period
Cash 3,805,135 2,262,881
Restricted cash 23,089 26,127
----------- -----------
Cash and restricted cash, beginning of
period $ 3,828,224 $ 2,289,008
=========== ===========
Reconciliation of cash and restricted
cash, end of period
Cash 2,724,245 1,615,725
Restricted cash 19,850 21,101
----------- -----------
Cash and restricted cash, end of
period $ 2,744,095 $ 1,636,826
=========== ===========
Effect of exchange rate changes on
cash and restricted cash (63,749) (4,347)
----------- -----------
Net decrease in cash and restricted
cash (1,084,130) (652,182)
Cash and restricted cash, beginning of
period 3,828,224 2,289,008
----------- -----------
Cash and restricted cash, end of
period $ 2,744,095 $ 1,636,826
=========== ===========
View original content:https://www.prnewswire.com/news-releases/sentage-holdings-inc-announces-financial-results-for-the-first-six-months-of-fiscal-year-2024-302334029.html
SOURCE Sentage Holdings Inc.
(END) Dow Jones Newswires
December 17, 2024 16:00 ET (21:00 GMT)
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