6-K Filing

AGM GROUP HOLDINGS, INC. CIK: 1705402 Q2 2021

Filing Information

Form Type	6-K
Accession Number	`0001213900-21-050614`
Period End Date	20210630
Filing Date	20210929
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	ea147177-6k_agmgrouphold_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 48 Cash Flow Statement 63 Stockholders Equity 12

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$664.61K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$461.01K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.42M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherPrepaidExpenseCurrent`	$5.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.88M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$19.32K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$12.00K	USD	Point-in-time
Intangible assets, net	`OtherIntangibleAssetsNet`	$10.11K	USD	Point-in-time
Intangible assets, net	`OtherIntangibleAssetsNet`	$9.37K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$79.25K	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Total assets	`Assets`	$6.11M	USD	Point-in-time
Total assets	`Assets`	$5.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.97K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.60K	USD	Point-in-time
Accrued expenses and other payables	`OtherAccruedLiabilitiesCurrent`	$1.82M	USD	Point-in-time
Accrued expenses and other payables	`OtherAccruedLiabilitiesCurrent`	$1.97M	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$597.83K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$830.05K	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	-	USD	Point-in-time
Operating lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$53.62K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.86M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.42M	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$25.62K	USD	Point-in-time
Operating lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$2.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.42M	USD	Point-in-time
Class A Ordinary Shares (200,000,000 shares authorized with par value of $0.001, 21,356,290 and 21,356,290 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$21.36K	USD	Point-in-time
Class A Ordinary Shares (200,000,000 shares authorized with par value of $0.001, 21,356,290 and 21,356,290 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$21.36K	USD	Point-in-time
Class B Ordinary Shares (200,000,000 shares authorized with par value of $0.001, 7,100,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively)	`CommonStockValueOne`	$7.10K	USD	Point-in-time
Class B Ordinary Shares (200,000,000 shares authorized with par value of $0.001, 7,100,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively)	`CommonStockValueOne`	$7.10K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-5.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$-4.95M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$243.70K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$151.53K	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.69M	USD	Point-in-time
Total shareholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$5.98M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$6.11M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`ServiceRevenuesNet`	$8.45K	USD	2 Qtrs
Revenues	`ServiceRevenuesNet`	-	USD	2 Qtrs
Total Revenues	`Revenues`	$8.45K	USD	2 Qtrs
Total Revenues	`Revenues`	-	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	-	USD	2 Qtrs
Cost of revenues	`CostOfRevenue`	$19.75K	USD	2 Qtrs
Gross profit	`GrossProfit`	$-11.30K	USD	2 Qtrs
Gross profit	`GrossProfit`	-	USD	2 Qtrs
Selling, general & administrative expenses	`SellingGeneralAndAdministrativeExpense`	$480.50K	USD	2 Qtrs
Selling, general & administrative expenses	`SellingGeneralAndAdministrativeExpense`	$491.59K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$22.50K	USD	2 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$31.35K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$503.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$522.94K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-534.24K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-503.00K	USD	2 Qtrs
Other income	`OtherIncome`	$2.68K	USD	2 Qtrs
Other income	`OtherIncome`	$177.00	USD	2 Qtrs
Other expenses	`OtherExpenses`	-	USD	2 Qtrs
Other expenses	`OtherExpenses`	$5.00K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$-4.83K	USD	2 Qtrs
Total other income (expenses)	`OtherNonoperatingIncomeExpense`	$2.68K	USD	2 Qtrs
Loss from continuing operations before provision of income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-507.82K	USD	2 Qtrs
Loss from continuing operations before provision of income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-531.56K	USD	2 Qtrs
Provision for income taxes expenses	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes expenses	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-507.82K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-531.56K	USD	2 Qtrs
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationNetOfIncomeTax`	-	USD	2 Qtrs
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationNetOfIncomeTax`	$-127.48K	USD	2 Qtrs
Loss from discontinued operations, net of income tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	-	USD	2 Qtrs
Loss from discontinued operations, net of income tax	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-127.48K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-659.04K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-507.82K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-659.04K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-507.82K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$40.82K	USD	2 Qtrs
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-92.17K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-600.00K	USD	2 Qtrs
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-618.22K	USD	2 Qtrs
Continuing operations - Basic and Diluted (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	2 Qtrs
Continuing operations - Basic and Diluted (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	2 Qtrs
Discontinued operations - Basic and Diluted (in Dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	-	USD	2 Qtrs
Discontinued operations - Basic and Diluted (in Dollars per share)	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicAndDilutedShare`	$-0.01	USD	2 Qtrs
Net loss per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	2 Qtrs
Net loss per common share - basic and diluted (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs
Weighted average Class A ordinary shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.43M	shares	2 Qtrs
Weighted average Class A ordinary shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	21.36M	shares	2 Qtrs

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-507.82K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-659.04K	USD	2 Qtrs
Net loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	2 Qtrs
Net loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$127.48K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-531.56K	USD	2 Qtrs
Net loss from continuing operations	`IncomeLossFromContinuingOperations`	$-507.82K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$8.28K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.03K	USD	2 Qtrs
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-164.31K	USD	2 Qtrs
Prepaid expense and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.50K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$3.73K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayable`	$-3.38K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$152.23K	USD	2 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$50.78K	USD	2 Qtrs
Advanced from customers	`IncreaseDecreaseInCustomerAdvances`	-	USD	2 Qtrs
Advanced from customers	`IncreaseDecreaseInCustomerAdvances`	$18.55K	USD	2 Qtrs
Net cash used in operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-348.19K	USD	2 Qtrs
Net cash used in operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-277.17K	USD	2 Qtrs
Net cash used in operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in operating activities from discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-66.91K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-348.19K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-344.08K	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$795.00	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash used in investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-795.00	USD	2 Qtrs
Net cash used in investing activities from discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in investing activities from discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-795.00	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	$152.45K	USD	2 Qtrs
Proceeds from related parties	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayments to related parties	`RepaymentsOfRelatedPartyDebt`	$9.71K	USD	2 Qtrs
Net cash provided by financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$142.75K	USD	2 Qtrs
Net cash provided by financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash used in financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	$-65.30K	USD	2 Qtrs
Net cash used in financing activities from discontinued operations	`CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-65.30K	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$142.75K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-68.04K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.84K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-203.59K	USD	2 Qtrs
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-478.21K	USD	2 Qtrs
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.60M	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$664.61K	USD	Point-in-time
Cash and cash equivalents, beginning of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.01K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.08M	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.60M	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$664.61K	USD	Point-in-time
Cash and cash equivalents, end of the year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.01K	USD	Point-in-time
Less cash and cash equivalents of discontinued operationsend of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	-	USD	Point-in-time
Less cash and cash equivalents of discontinued operationsend of period	`CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations`	$464.25K	USD	Point-in-time
Cash and cash equivalents of continuing operationsend of period	`CashAndCashEquivalentsAtCarryingValue`	$664.61K	USD	Point-in-time
Cash and cash equivalents of continuing operationsend of period	`CashAndCashEquivalentsAtCarryingValue`	$461.01K	USD	Point-in-time
Cash and cash equivalents of continuing operationsend of period	`CashAndCashEquivalentsAtCarryingValue`	$1.13M	USD	Point-in-time
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaid`	-	USD	2 Qtrs
Expense paid by related party	`ExpensesPaidByRelatedParties`	-	USD	2 Qtrs
Expense paid by related party	`ExpensesPaidByRelatedParties`	$3.09K	USD	2 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.23M	USD	Point-in-time
Net income	`ProfitLoss`	$-507.82K	USD	2 Qtrs
Net income	`ProfitLoss`	$-659.04K	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$40.82K	USD	2 Qtrs
Foreign currency translation adjustment	`ForeignCurrencyTransactionGainLossBeforeTax`	$-92.17K	USD	2 Qtrs
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.09M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.85M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.23M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.