All individual numbers are from the SEC provided Financial Statement and Notes Data Sets. No guarantee is made for their accuracy. This report only shows the values that are common to a significant number of companies.
AMERICAN EDUCATION CENTER, INC.: Last Reported 3/31/2020

Business Address

2 WALL STREET
FL. 8
NEW YORK, NY US 10005

Mailing Address

2 WALL STREET
FL. 8
NEW YORK, NY US 10005
Phone Number: 212-825-0437 / State Incorporated: NV / Fiscal Year End 12/31

Balance Sheet

Date 3/31/2020 12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018 10/31/2018 9/30/2018 6/30/2018 3/31/2018 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 6/30/2015 3/31/2015 12/31/2014 9/30/2014 6/30/2014 3/31/2014 12/31/2013
Cash and Cash Equivalents $811,671.00 $1,035,395.00 $990,073.00 $1,769,142.00 $1,841,066.00 $1,985,133.00 -- $1,787,564.00 $1,661,001.00 $1,649,116.00 $2,720,985.00 $1,609,945.00 $1,606,952.00 $1,867,310.00 $2,290,429.00 $281,544.00 $438,422.00 $420,298.00 $1,093,755.00 $160,361.00 $222,815.00 $328,910.00 $82,572.00 $206,416.00 $86,191.00 $178,966.00 $140,513.00
Accounts Receivable Net Current $2,228,519.00 $2,874,125.00 $3,837,963.00 $3,239,450.00 $3,549,214.00 $2,906,231.00 -- $3,611,511.00 $5,020,910.00 $5,513,168.00 $6,482,289.00 $6,604,059.00 $6,686,797.00 $6,510,883.00 $2,887,837.00 $797,038.00 $942,308.00 $1,176,321.00 $1,114,280.00 $796,667.00 $671,980.00 $376,690.00 -- -- -- -- --
Inventory -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Prepaid Expenses and Other Current Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Assets -- $4,163,050.00 -- -- $5,756,369.00 $5,192,470.00 -- $5,601,673.00 $7,044,823.00 $7,747,820.00 $9,510,288.00 $8,306,791.00 $8,328,426.00 $8,463,039.00 $5,239,866.00 $1,094,752.00 $1,428,900.00 $1,668,619.00 $2,304,035.00 $997,636.00 $931,816.00 $705,600.00 $214,244.00 -- -- -- --
Property Plant and Equipement $5,574.00 $6,226.00 $5,099.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Intangible Assets Net -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Goodwill -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Other Assets -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Assets $6,536,762.00 $7,433,868.00 $8,292,874.00 $8,517,473.00 $9,434,759.00 $7,223,772.00 -- $7,593,217.00 $9,196,035.00 $10,243,734.00 $12,261,206.00 $11,520,382.00 $11,871,393.00 $12,332,552.00 $9,497,593.00 $1,434,492.00 $1,711,713.00 $1,934,640.00 $2,570,056.00 $1,304,319.00 $1,238,499.00 $1,012,283.00 $520,927.00 -- -- -- --
Accounts Payable -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accrued Liabilities -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Liabilities $5,797,725.00 $6,215,375.00 $6,163,765.00 $6,097,651.00 $7,456,045.00 $5,328,649.00 -- $6,212,900.00 $5,592,123.00 $5,012,686.00 $5,217,713.00 $5,585,723.00 $5,938,283.00 $6,311,072.00 $4,705,910.00 $1,169,698.00 $1,474,971.00 $1,571,946.00 $2,316,731.00 $1,488,067.00 $1,171,300.00 $1,323,001.00 $555,803.00 -- -- -- --
Long Term Debt -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Additional Paid-in Capital -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Other Comprehensive Loss $2,554.00 $-4,678.00 $-7,106.00 $-12,693.00 $-12,700.00 $-13,865.00 -- $-12,584.00 $1,843.00 $18,237.00 $6,753.00 $4,603.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Deficit $-6,416,436.00 $-5,924,231.00 $-5,012,657.00 $-4,734,202.00 $-5,633,732.00 $-5,714,688.00 -- $-4,975,245.00 $-2,460,907.00 $-850,165.00 $973,764.00 $1,867,080.00 $1,870,134.00 $1,958,504.00 $728,707.00 $-74,882.00 $-22,934.00 $118,518.00 $9,149.00 $-393,748.00 $-142,801.00 $-520,718.00 $-244,876.00 -- -- -- --
Total Stockholders' Equity $690,540.00 $1,168,513.00 $2,077,659.00 $2,366,902.00 $1,921,384.00 $1,839,263.00 -- $1,322,987.00 $3,603,912.00 $5,231,048.00 $7,043,493.00 $5,934,659.00 $5,933,110.00 $6,021,480.00 $4,791,683.00 $264,794.00 $236,742.00 $362,694.00 $253,325.00 $-183,748.00 $67,199.00 $-310,718.00 $-34,876.00 -- -- -- $-169,729.00
Controlling Interest in Subsidiaries $48,497.00 $49,980.00 $51,450.00 $52,920.00 $57,330.00 $55,860.00 -- $57,330.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Liabilities and Equity $6,536,762.00 $7,433,868.00 $8,292,874.00 $8,517,473.00 $9,434,759.00 $7,223,772.00 -- $7,593,217.00 $9,196,035.00 $10,243,734.00 $12,261,206.00 $11,520,382.00 $11,871,393.00 $12,332,552.00 $9,497,593.00 $1,434,492.00 $1,711,713.00 $1,934,640.00 $2,570,056.00 $1,304,319.00 $1,238,499.00 $1,012,283.00 $520,927.00 -- -- -- --

Statement of Operations

Date 3/31/2020 12/31/2019 9/30/2019 6/30/2019 3/31/2019 12/31/2018 10/31/2018 9/30/2018 6/30/2018 3/31/2018 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 6/30/2015 3/31/2015 12/31/2014 9/30/2014 6/30/2014 3/31/2014 12/31/2013
Total Revenues $114,198.00 $5,308,412.00 $1,564,681.00 $1,169,044.00 $1,970,747.00 $7,012,439.00 -- $5,002,111.00 $1,768,500.00 $1,330,301.00 $25,798,115.00 $20,379,142.00 $15,163,399.00 $9,458,706.00 $13,674,475.00 $4,880,614.00 $3,910,655.00 -- -- -- -- -- -- -- -- -- --
Cost of Revenues $110,337.00 $3,094,468.00 $2,649,076.00 $1,768,687.00 $1,082,397.00 $4,498,271.00 -- $1,361,461.00 $2,016,300.00 $1,046,139.00 $17,866,143.00 $3,890,800.00 $3,584,877.00 $6,195,252.00 $9,868,045.00 $3,899,032.00 -- -- -- -- -- -- -- -- -- -- --
Gross Profit $3,861.00 $2,213,944.00 $2,055,396.00 $1,371,104.00 $888,350.00 $2,514,168.00 -- $1,624,350.00 $798,339.00 $284,162.00 $7,931,972.00 $1,324,943.00 $5,383,270.00 $3,263,454.00 $3,806,430.00 $981,582.00 $805,896.00 -- -- -- -- -- -- -- -- -- --
Research and Development -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Selling, General, and Administrative -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Operating Expenses $660,486.00 $4,080,703.00 $2,723,007.00 $1,653,127.00 $532,126.00 $10,316,609.00 -- $7,588,324.00 $510,902.00 $2,517,102.00 $7,334,168.00 $1,406,882.00 $2,093,215.00 $1,683,372.00 $2,866,891.00 $1,165,985.00 -- -- -- -- -- -- -- -- -- -- --
Loss from Operations $-656,625.00 $-1,866,759.00 $-667,611.00 $-638,247.00 $356,224.00 $-7,802,441.00 -- $-2,240,256.00 $-3,723,718.00 $-2,232,940.00 $597,804.00 $81,939.00 $26,601.00 $1,580,082.00 $939,539.00 $-184,403.00 $-252,053.00 $198,035.00 $587,280.00 $-298,538.00 $225,972.00 $-144,530.00 $9,522.00 $379,052.00 $-245,061.00 $217,219.00 --
Loss Before Income Taxes -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Earnings Per Share Basic -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Basic -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Earnings Per Share Diluted -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Diluted -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Common Stock Shares Authorized 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 450,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 180,000,000 -- -- -- --
Common Stock Shares Outstanding 56,497,113 56,797,113 55,597,113 55,797,113 56,597,113 56,597,113 -- 41,883,000 41,350,000 41,350,000 41,350,000 41,350,000 41,350,000 41,350,000 41,350,000 32,350,000 31,550,000 30,000,000 30,000,000 21,000,000 21,000,000 21,000,000 21,000,000 -- -- -- --
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