← Akso Health Group
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and Cash Equivalents, at Carrying Value | — | $132.6m | $57.4m | $10.9m | $15.1m | $21.9m | $7.9m | $85.2m | $176.2m | — | |
| Prepaid Expense and Other Assets, Current | — | — | $3.3m | $1.2m | $605k | $888k | $272k | $403k | $6.8m | — | |
| Cash and cash equivalents | $19.2m | $132.6m | $57.4m | $10.9m | $15.1m | $21.9m | $7.9m | $85.2m | $176.2m | $171k | |
| Accounts receivable, net | — | — | — | $2k | $28k | $15k | $7.7m | $0 | $954k | $1.3m | |
| Loan receivables | — | — | — | $23.6m | $8.9m | $20.0m | $1.5m | — | $11.9m | — | |
| Allowance For Doubtful Accounts Receivable | — | — | — | — | — | — | ($401k) | ($7.8m) | ($7.7m) | ($7.8m) | |
| Cash Cash Equivalents And Short Term Investments | — | — | — | — | — | — | $7.9m | $85.2m | $176.2m | $171k | |
| Gross Accounts Receivable | — | — | — | — | — | — | $8.1m | $7.8m | $8.6m | $9.1m | |
| Loans Receivable | — | — | — | — | — | $0 | — | $0 | $11.9m | $0 | |
| Other Current Assets | — | — | — | — | — | — | $272k | $403k | $6.8m | $12.2m | |
| Other Receivables | — | — | — | — | — | $20.0m | $1.5m | — | — | — | |
| Prepaid Assets | — | — | — | — | — | — | $0 | $56.2m | $0 | $175.7m | |
| Inventory, Net | — | — | — | — | — | $7.8m | $1.7m | $191k | $190k | $200k | |
| Accounts Receivable, after Allowance for Credit Loss | — | — | — | — | — | — | $7.7m | — | — | — | |
| Assets, Current | — | — | $97.7m | $49.9m | $30.1m | $50.6m | $20.5m | $142.0m | $196.1m | — | |
| TOTAL CURRENT ASSETS | $163.1m | $97.7m | $49.9m | $30.1m | $50.6m | $20.5m | $142.0m | $196.1m | |||
| Property, Plant and Equipment, Net | $428k | $767k | $1.3m | $891k | $67k | $55k | — | — | $16k | — | |
| Goodwill | — | — | — | — | — | — | — | $0 | $10.8m | $0 | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | — | — | — | — | — | — | $7.9m | — | |
| Intangible assets, net | — | — | — | — | — | — | — | — | $7.9m | — | |
| Goodwill And Other Intangible Assets | — | — | — | — | — | — | — | $0 | $18.7m | $58k | |
| Other Intangible Assets | — | — | — | — | — | — | — | — | $7.9m | $58k | |
| Operating Lease, Right-of-Use Asset | — | — | — | $750k | $0 | — | — | — | $98k | — | |
| Prepayments and other assets | — | $1.2m | $3.3m | $1.2m | $605k | $888k | $272k | $403k | $6.8m | — | |
| Right of use assets | — | — | — | $750k | $0 | — | — | — | $98k | — | |
| Additional Financial Items | |||||||||||
| Accounts Receivable, after Allowance for Credit Loss, Current | — | — | $141k | — | — | — | $7.7m | — | $954k | — | |
| Accrued expenses and other current liabilities | — | $3.8m | $2.8m | $2.9m | $1.1m | $1.1m | $939k | $1.1m | $1.5m | — | |
| Contract liabilities | — | — | $111k | $125k | — | — | $194k | $415k | $10.2m | — | |
| Taxes payable | $4.1m | $20.1m | $9.4m | $6.4m | $303k | $125k | $96k | $74k | $34k | — | |
| Operating lease liabilities-current | — | — | — | $778k | — | — | — | — | $40k | — | |
| Amount due to related parties | — | — | — | $2.1m | $3.0m | $37.2m | $9.7m | $2.0m | $2.0m | — | |
| Operating lease liabilities-non-current | — | — | — | $13k | — | — | — | — | $42k | — | |
| Ordinary share ($0.0001 par value, 5,000,000,000 shares authorized, 1,656,749,413 and 438,336,843 shares issued, 1,655,583,530 and 437,170,960 shares outstanding as of March 31, 2025 and 2024, respectively) | 4k | 5k | 5k | 5k | 5k | 7k | 7k | 44k | 166k | — | |
| Non-controlling interest | — | — | — | — | — | $2k | $114k | $57k | $32k | — | |
| Accumulated Depreciation | — | — | — | — | — | ($86k) | — | — | ($2k) | ($8k) | |
| Assets Held For Sale Current | — | — | — | — | — | $16.4m | $1.4m | $0 | — | — | |
| Capital Lease Obligations | — | — | — | — | — | — | — | $0 | $82k | $25k | |
| Current Accrued Expenses | — | — | — | — | — | — | $939k | $1.1m | $1.5m | $1.8m | |
| Current Capital Lease Obligation | — | — | — | — | — | — | — | $0 | $40k | $23k | |
| Current Debt And Capital Lease Obligation | — | — | — | — | — | — | — | — | $40k | $373k | |
| Current Deferred Liabilities | — | — | — | — | — | — | $194k | $415k | $10.2m | $4.4m | |
| Dueto Related Parties Current | — | — | — | — | — | — | $9.7m | $2.0m | $2.0m | $2.0m | |
| Finished Goods | — | — | — | — | — | — | $1.7m | $191k | $190k | $200k | |
| Gross PPE | — | — | — | — | — | $141k | — | $0 | $116k | $37k | |
| Income Tax Payable | — | — | — | — | — | — | $96k | $93k | $93k | $93k | |
| Interest Payable | — | — | — | — | — | $127k | $105k | $9k | $0 | — | |
| Invested Capital | — | — | — | — | — | — | $8.7m | $138.4m | $199.1m | $181.3m | |
| Long Term Capital Lease Obligation | — | — | — | — | — | — | — | $0 | $42k | $3k | |
| Machinery Furniture Equipment | — | — | — | — | — | $141k | — | — | $18k | $20k | |
| Net PPE | — | — | — | — | — | $55k | — | $0 | $115k | $29k | |
| Net Tangible Assets | — | — | — | — | — | — | $8.7m | $138.4m | $180.4m | $180.9m | |
| Non Current Deferred Liabilities | — | — | — | — | — | — | — | $0 | $1.9m | $0 | |
| Ordinary Shares Number | — | — | — | — | — | — | $68.6m | $437.2m | $1.6b | $2.6b | |
| Other Current Liabilities | — | — | — | — | — | $13.0m | $705k | — | — | — | |
| Other Equity Adjustments | — | — | — | — | — | — | ($3.8m) | ($4.1m) | ($3.8m) | ($3.3m) | |
| Other Non Current Assets | — | — | — | — | — | $177k | $272k | — | — | — | |
| Other Properties | — | — | — | — | — | — | — | — | $98k | $17k | |
| Payables | — | — | — | — | — | — | $9.8m | $2.1m | $2.0m | $2.1m | |
| Share Issued | — | — | — | — | — | — | $69.8m | $438.3m | $1.6b | $2.6b | |
| Tangible Book Value | — | — | — | — | — | — | $8.7m | $138.4m | $180.4m | $180.9m | |
| Treasury Shares Number | — | — | — | — | — | $1.2m | $1.2m | $1.2m | $1.2m | — | |
| Working Capital | — | — | — | — | — | — | $8.8m | $138.4m | $182.3m | $180.8m | |
| TOTAL SHAREHOLDERS’ EQUITY | $23.5m | $140.0m | $126.5m | $48.1m | $17.3m | $12.3m | $8.7m | $138.4m | $199.1m | ||
| TOTAL EQUITY | $17.3m | $12.3m | $8.8m | $138.4m | $199.2m | ||||||
| Total Capitalization | — | — | — | — | — | — | $8.7m | $138.4m | $199.1m | $180.9m | |
| Total Debt | — | — | — | — | — | — | — | $0 | $82k | $376k | |
| Total Non Current Assets | — | — | — | — | — | — | $0 | $0 | $18.8m | $87k | |
| Total Tax Payable | — | — | — | — | — | — | $96k | $74k | $34k | $93k | |
| Assets | — | $163.9m | $173.3m | $78.4m | $31.7m | $50.7m | $20.5m | $142.0m | $215.0m | — | |
| TOTAL ASSETS | $28.4m | $163.9m | $173.3m | $78.4m | $31.7m | $50.7m | $20.5m | $142.0m | $215.0m | $189.6m | |
| LIABILITIES AND EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Operating Lease, Liability, Current | — | — | — | $778k | — | — | — | — | $40k | — | |
| Operating Lease, Liability, Noncurrent | — | — | — | $13k | — | — | — | — | $42k | — | |
| Current Deferred Revenue | — | — | — | — | — | — | $194k | $415k | $10.2m | $4.4m | |
| Payables And Accrued Expenses | — | — | — | — | — | — | $10.7m | $3.2m | $3.6m | $3.9m | |
| Liabilities, Current | — | — | $26.6m | $10.2m | $14.4m | $38.4m | $11.6m | $3.6m | $13.8m | — | |
| TOTAL CURRENT LIABILITIES | $23.8m | $26.6m | $10.2m | $14.4m | $38.4m | $11.6m | $3.6m | $13.8m | |||
| Deferred Income Tax Liabilities, Net | — | — | — | — | — | — | — | — | $1.9m | — | |
| Long Term Debt And Capital Lease Obligation | — | — | — | — | — | — | — | $0 | $42k | $3k | |
| Non Current Deferred Taxes Liabilities | — | — | — | — | — | — | — | $0 | $1.9m | $0 | |
| Liabilities | — | $23.8m | $46.8m | $30.3m | $14.4m | $38.4m | $11.6m | $3.6m | $15.8m | — | |
| TOTAL LIABILITIES | $4.9m | $23.8m | $46.8m | $30.3m | $14.4m | $38.4m | $11.6m | $3.6m | $15.8m | $8.7m | |
| Stockholders’ equity: | |||||||||||
| Common Stock, Value, Issued | — | $5k | $5k | $5k | $5k | $7k | $7k | $44k | $166k | — | |
| Additional Paid in Capital | $13.3m | $58.4m | $59.8m | $60.6m | $60.6m | $71.0m | $71.0m | $210.3m | $405.6m | $405.5m | |
| Retained Earnings (Accumulated Deficit) | — | $77.2m | $69.8m | ($1.4m) | ($36.3m) | ($53.1m) | ($54.5m) | ($63.9m) | ($198.9m) | ($217.6m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | — | $4.4m | ($1.8m) | ($7.0m) | ($3.1m) | ($1.6m) | ($3.8m) | ($4.1m) | ($3.8m) | — | |
| Additional Paid in Capital, Common Stock | — | — | — | — | — | — | — | — | $405.6m | — | |
| Treasury stock (1,165,883 shares as of March 31, 2025 and 2024, respectively) | — | — | ($1.3m) | ($4.0m) | ($4.0m) | ($4.0m) | ($4.0m) | ($4.0m) | ($4.0m) | — | |
| Accumulated deficit | $11.8m | $77.2m | $69.8m | ($1.4m) | ($36.3m) | ($53.1m) | ($54.5m) | ($63.9m) | ($198.9m) | — | |
| Accumulated other comprehensive loss | ($1.5m) | $4.4m | ($1.8m) | ($7.0m) | ($3.1m) | ($1.6m) | ($3.8m) | ($4.1m) | ($3.8m) | — | |
| Capital Stock | — | — | — | — | — | — | $7k | $44k | $166k | $257k | |
| Gains Losses Not Affecting Retained Earnings | — | — | — | — | — | — | ($3.8m) | ($4.1m) | ($3.8m) | ($3.3m) | |
| Treasury Stock | — | — | — | — | — | — | $4.0m | $4.0m | $4.0m | $4.0m | |
| Stockholders' Equity Attributable to Parent | — | $140.0m | $126.5m | $48.1m | $17.3m | $12.3m | $8.7m | $138.4m | $199.1m | — | |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | — | — | — | $2k | $114k | $57k | $32k | — | |
| Minority Interest | — | — | — | — | — | — | $114k | $57k | $32k | ($12k) | |
| Total Equity Gross Minority Interest | — | — | — | — | — | — | $8.8m | $138.4m | $199.2m | $180.9m | |
| Total Non Current Liabilities Net Minority Interest | — | — | — | — | — | — | $0 | $0 | $2.0m | $3k | |
| Liabilities and Equity | — | $163.9m | $173.3m | $78.4m | $31.7m | $50.7m | $20.5m | $142.0m | $215.0m | — | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $28.4m | $163.9m | $173.3m | $78.4m | $31.7m | $50.7m | $20.5m | $142.0m | $215.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.