other material
confidence high
sentiment negative
materiality 0.55
Aixin Life files financial statements for acquired pharmacies; shows 2020 net loss of $185K
AiXin Life International, Inc.
- Acquired entity Chengdu Aixintang Pharmacy (9 pharmacies) had 2020 revenue of $1.26M and net loss of $185K.
- Accumulated deficit at Dec 2020 was $1.19M; stockholders' deficit of $987K.
- Pro forma financials also include hotel entity from a separate May 2021 acquisition.
- Amendment corrects prior 8-K which misstated the acquired entity's name.
- Audited and unaudited combined financials now filed for years ended 2020/2019 and Q1 2021.