Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue0¢$3.8K
- Profit100¢$4.7M
Out of $6.4K in revenue.3
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | $733.2K4 | $671.3K5 | $90.5K5 | $2.4M6 | $5.5M6 | $618.2K7 | $6.4K3 |
| Cost of revenue | $602.7K12 | $570.2K5 | $839.7K8 | $1.8M8 | $3.0M7 | $386.2K7 | $3.8K3 |
| Gross profit | $130.4K4 | $101.1K5 | $3.5M8 | $8.3M6 | $11.0M7 | $232.0K7 | $2.6K3 |
| Research and development | $08 | $9.2M6 | $26.9M7 | $867.2K7 | |||
| Operating expenses | $32.4M6 | $107.7M7 | $10.7M3 | $279.1K3 | |||
| Operating income | -$109.3K4 | -$679.5K5 | -$260.0K5 | -$24.1M6 | -$96.7M7 | -$10.7M3 | -$276.5K3 |
| Interest | $2.3K4 | $2.3K5 | $08 | $733.9K6 | $949.8K7 | ||
| Income before tax | -$24.7M6 | -$102.6M7 | -$11.0M3 | $10.1M3 | |||
| Income tax | $1.8K4 | -$4.9K5 | -$6.1K8 | $434.3K6 | -$3.3K7 | ||
| Net income | $5.8K4 | -$683.5K5 | $467.7K8 | -$25.0M6 | -$101.7M7 | -$77.3M3 | $4.7M3 |
| Earnings per share | $0.008 | -$0.076 | -$0.277 | -$0.063 | $0.003 | ||
| Earnings per share (diluted) | $0.008 | -$0.076 | -$0.277 | -$0.063 | $0.003 | ||
| Shares (weighted, basic) | 340.4M shares6 | 374.1M shares7 | 1.3B shares3 | 4.3B shares3 | |||
| Shares (weighted, diluted) | 340.4M shares6 | 374.1M shares7 | 1.3B shares3 | 4.3B shares3 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash | $12.1K5 | $445.1K8 | $773.4K8 | $1.1M8 | $2.5M3 | $22.9K3 | $43.3K3 |
| Receivables | $180.2K7 | $872.3K7 | |||||
| Inventory | $2.1M6 | $1.2M7 | $1.1M7 | ||||
| Current assets | $66.2K4 | $93.4K5 | $14.7M8 | $24.0M6 | $22.6M7 | $8.8M3 | $43.3K3 |
| Property, plant and equipment | $59.3K6 | $2.2K7 | $1.3K3 | ||||
| Intangible assets | $18.6M6 | $13.3M7 | $9.9M3 | ||||
| Total assets | $150.0K4 | $172.1K5 | $15.3M8 | $42.6M6 | $39.1M7 | $18.7M3 | $43.3K3 |
| Accounts payable | $240.2K6 | $2.4M7 | $30.1K3 | $66.7K3 | |||
| Current liabilities | $230.5K4 | $507.7K5 | $15.3M8 | $22.7M6 | $32.7M7 | $65.5M3 | $41.3M3 |
| Total liabilities | $251.8K4 | $561.8K5 | $15.3M8 | $22.8M6 | $32.7M7 | $65.5M3 | $41.3M3 |
| Retained earnings | -$26.4M6 | -$128.1M7 | -$205.4M3 | -$200.8M3 | |||
| Shareholders’ equity | -$101.8K5 | -$389.8K5 | -$250.8K8 | $19.7M6 | $6.4M7 | -$46.8M3 | -$41.2M3 |
| Shares outstanding | 21.5M shares4 | 21.5M shares5 | 333.9M shares8 | 358.1M shares6 | 454.4M shares7 | 1.9B shares3 | 4.6B shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$667.0K4 | -$279.8K5 | -$3.9M8 | -$4.9M6 | $2.9M7 | -$542.7K3 | -$3.5M3 |
| Depreciation and amortization | $29.4K6 | $7.5K6 | |||||
| Stock-based compensation | $25.3M6 | $4.2M7 | $17.8M7 | ||||
| Capital spending | $229.1K8 | $5.3K8 | $2.9K7 | ||||
| Free cash flow | -$4.2M | -$4.9M | $2.9M | ||||
| Cash from investing | -$2.0M6 | $1.0M7 | $10.1K3 | -$16.7K3 | |||
| Cash from financing | $7.2M6 | -$2.4M7 | -$1.8M3 | $3.5M3 |
What it owns
What Cosmos Group Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Computer equipment and software | $3.3K3 Dec 31, 2023 | $109.7K7 Dec 31, 2022 | −97.0% |
| Accumulated depreciation | $2.0K3 Dec 31, 2023 | $52.6K7 Dec 31, 2022 | −96.2% |
| Property and equipment, net | $1.3K3 Dec 31, 2023 | $2.2K7 Dec 31, 2022 | −38.5% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $43.3K3 Dec 31, 2024 | $22.9K3 Dec 31, 2023 | +89.3% |
| Stakes in other companies (equity method) | $30.0M7 Dec 31, 2023 |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $9.9M3 Dec 31, 2023 | $13.3M7 Dec 31, 2022 | −26.0% |
| Accumulated amortization | -$7.4M3 Dec 31, 2023 | -$4.1M7 Dec 31, 2022 | −83.7% |
| Finite-lived intangibles, net | $9.9M7 Dec 31, 2023 | $13.3M7 Dec 31, 2022 | −26.0% |
Inventory
Properties, in its own words
Our corporate and executive office is located at 6/F, Harbour View 2, 16 Science Park East Avenue, Hong Kong Science Park, N.T., Hong Kong , telephone number +852 2839 8100.
We believe that our current facilities are adequate for our current needs. We expect to secure new facilities or expand existing facilities as necessary to support future growth. We believe that suitable additional space will be available on commercially reasonable terms as needed to accommodate our operations.
Item 2 of the 10-K filed Apr 15, 2025.13
Leadership
Who has led Cosmos Group Holdings Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerMiky Y.c. Wan Jan 17, 2020 to Jan 17, 202014
- Chief executive officerKoon Wing Cheung Aug 8, 2017 to Aug 8, 201715
- PresidentMiky Y.c. Wan Aug 8, 2017 to Jan 17, 202016
- Chief financial officerTze Wai Albert Yip Jul 19, 2019 to Jul 19, 201917
- Chief financial officerMiky Y.c. Wan Aug 8, 2017 to Sep 26, 201816
Board members and other officers (13)
- Chief Strategy OfficerWing Lok Jonathan So Jul 19, 2019 to Jul 19, 201918
- SecretaryConnie Y.m. Kwok Aug 8, 2017 to Aug 8, 201719
- Chief Operation OfficerYongwei Hu Aug 8, 2017 to Aug 8, 201720
- Chief Operation OfficerHuan Ting Peng Nov 1, 2017 to Nov 1, 201721
- Board memberYing Chiu Herbert Lee Jul 8, 2021 to Jul 8, 202122
- Board memberSoo Tee Tan Jul 20, 2021 to Jul 20, 202123
- Board memberConnie Y.m. Kwok Aug 8, 2017 to Aug 8, 201719
- Board memberJenher Jeng Aug 8, 2017 to Aug 8, 201724
- Board memberKoon Wing Cheung Aug 8, 2017 to Aug 8, 201715
- Board memberMiky Y.c. Wan Aug 8, 2017 to Jan 17, 202016
- Board memberYongwei Hu Aug 8, 2017 to Aug 8, 201720
- Board memberZhigang Liao Aug 8, 2017 to Aug 8, 201725
- Board memberKwai Yau Tony Ho Nov 1, 2017 to Nov 1, 201726
Timeline
- Apr 7, 20258-K Change of auditor27
- Apr 3, 20258-K Executive or director change28
- Dec 30, 20248-K Executive or director change29
- Jul 29, 20248-K Bylaws or fiscal year changed30
- Apr 18, 20248-K Entered a material agreement31
- Sep 14, 20238-K Change of auditor32
- Apr 3, 20238-K Entered a material agreement33
- Feb 24, 20238-K Change of auditor34
- Feb 9, 20238-K Executive or director change35
- Dec 20, 20228-K Entered a material agreement36
- Nov 9, 20228-K Entered a material agreement37
- Sep 15, 20228-K Executive or director change38
- Jan 17, 2020New chief executive Miky Y.c. Wan becomes CEO14
- Aug 8, 2017New chief executive Koon Wing Cheung becomes CEO15
Filings
58 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 16 major events, 25 other. The latest 20:
- Aug 14, 202515-12G EDGAR
- Aug 1, 2025DEF 14C EDGAR
- Jun 30, 2025PRE 14C EDGAR
- May 15, 202510-Q QUARTERLY REPORT EDGAR
- Apr 15, 202510-K ANNUAL REPORT EDGAR
- Apr 7, 20258-K CURRENT REPORT EDGAR
- Apr 3, 20258-K CURRENT REPORT EDGAR
- Mar 31, 2025NT 10-K EXTENSION EDGAR
- Dec 30, 20248-K CURRENT REPORT EDGAR
- Nov 12, 202410-Q QUARTERLY REPORT EDGAR
- Aug 19, 2024PRE 14C PRELIMINARY INFORMATION STATEMENT EDGAR
- Aug 14, 202410-Q QUARTERLY REPORT EDGAR
- Jul 29, 20248-K CURRENT REPORT EDGAR
- May 24, 2024DEF 14C DEFINITIVE INFORMATION STATEMENT EDGAR
- May 20, 202410-Q QUARTERLY REPORT EDGAR
- May 15, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
- Apr 18, 20248-K CURRENT REPORT EDGAR
- Apr 16, 202410-K ANNUAL REPORT EDGAR
- Apr 10, 2024PRE 14C PRELIMINARY INFORMATION STATEMENT EDGAR
- Apr 1, 2024NT 10-K NOTIFICATION OF LATE FILING EDGAR
The 58 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How Cosmos Group Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCosmos Group Holdings Inc.1
- CIK0001706509
- Employer ID (EIN)90-117746013
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company13
- Incorporated inNevada13
- Fiscal year endsDecember 311
- Industry code (SIC)6199 Finance Services1
- SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
- Business addressRooms 1309-11, 13Th Floor, Tai Yau Building, No. 181 Johnston Road, Wanchai, K3 000001
- Phone852 3188 93631
- Shares outstanding4,585,963,082 as of May 8, 202511
- Public float$14.8K as of Jun 30, 202413
- AuditorLateef Awojobi, Lagos, Nigeria PCAOB ID 7057; no auditor attestation of internal control over financial reporting13
- On EDGAR sinceMay 23, 20171
- Filings157 in all: 8-K (44), 10-Q (24), 3 (16), 4 (9), 10-K (8), NT 10-Q (8), UPLOAD (8), DEF 14C (5)1
All 21 form types
NT 10-K (5), PRE 14C (5), SC 13D (5), 8-K/A (4), CORRESP (4), 10-K/A (3), 10-12G/A (2), 10-Q/A (2), 10-12G (1), 15-12G (1), 3/A (1), S-8 (1), SC 14F1 (1)
- Latest filingsAnnual report (10-K) Apr 15, 2025
Quarterly report (10-Q) May 15, 2025
Latest 8-K (8-K) Apr 7, 2025
Risk factors and legal proceedings
The risks Cosmos Group Holdings Inc. names in Item 1A of its 10-K filed Apr 15, 2025: 36 risks under these headings, as written.13
- Risks Related to Our Business and Industry
- We are a development stage company that is dependent upon the financial support of our stockholders to finance our operations.
- We intend to mint our own DOTs under the assumption that our DOTs are not investment contracts and therefore not a security as described by the Supreme Court in SEC v. W.J. Howey Co., 328 U.S. 293 (1946). A particular digital asset’s status as a “security” in any relevant jurisdiction is subject to a high degree of uncertainty and if we are unable to properly characterize our DOTs, we may be subject to regulatory scrutiny, investigations, fines, and other penalties, which may adversely affect our business, operating results, and financial condition.
- The assessment of whether the DOTS we mint are securities is based upon our internal policies and procedures that are risk-based judgments made by us and are not a legal standard nor are they binding on any regulatory body or court.
- There are material risks and uncertainties associated with custodians of DOTs
- The loss or destruction of more than half of the private keys required to access a digital asset may be irreversible and, as a result, the Company’s loss of access to its private keys or its experience of a data loss relating to its DOTs may adversely affect the Company’s business, financial condition and results of operations.
- The DOT transactions relating to the digital contracts underlying the fine arts and collectibles are irrevocable, and stolen or incorrectly transferred DOTs may be irretrievable and, as a result, any incorrectly executed DOT transactions may adversely affect the Company’s business, financial condition and results of operations.
- The limited rights of legal recourse against the Company, and the Company’s lack of insurance protection, exposes the Company and its stockholders to the risk of loss of its DOTs for which no person is liable.
- The Company may not have adequate sources of recovery if its DOTs are lost, stolen or destroyed.
- DOTs held by the Company are not subject to FDIC or SIPC protections.
- We face substantial litigation and regulatory risks.
- We rely on third-party service providers and partners for certain aspects of our operations, and any interruptions in services provided by these third parties may impair our ability to support our users.
The other 25 risks
- We are indebted to certain of our executive officers and directors in the approximate amount of US$37,590.
- If we are unable to protect the confidentiality of our trade secrets, our business and competitive position would be harmed.
- Risks Related to Our Finances and Capital Requirements
- We will need additional funding and may be unable to raise capital when needed, which would force us to delay any business expansions or acquisitions.
- Raising additional capital may cause dilution to our existing stockholders, restrict our operations or require us to relinquish proprietary rights.
- Risks Relating to Doing Business in Hong Kong
- We face the risk that changes in the policies of the PRC government could have a significant impact upon the business we may be able to conduct in Hong Kong and the profitability of such business.
- Substantial uncertainties and restrictions with respect to the political and economic policies of the PRC government and PRC laws and regulations could have a significant impact upon the business that we may be able to conduct in the PRC and accordingly on the results of our operations and financial condition.
- Adverse regulatory developments in China may subject us to additional regulatory review, and additional disclosure requirements and regulatory scrutiny to be adopted by the SEC in response to risks related to recent regulatory developments in China may impose additional compliance requirements for companies like us with significant China-based operations, all of which could increase our compliance costs, subject us to additional disclosure requirements.
- We may be exposed to liabilities under the Foreign Corrupt Practices Act, and any determination that we violated the Foreign Corrupt Practices Act could have a material adverse effect on our business.
- PRC regulation of loans to and direct investment in PRC entities by offshore holding companies and governmental control of currency conversion may delay or prevent us from using the proceeds we receive from offshore financing activities to make loans to or make additional capital contributions to our Hong Kong subsidiaries, which could materially and adversely affect our liquidity and our ability to fund and expand business.
- Because our holding company structure creates restrictions on the payment of dividends, our ability to pay dividends is limited.
- If any dividend is declared in the future and paid in a foreign currency, you may be taxed on a larger amount in U.S. dollars than the U.S. dollar amount that you will actually ultimately receive.
- Dividends payable to our foreign investors and gains on the sale of our shares of common stock by our foreign investors may become subject to tax by the PRC.
- Our global income may be subject to PRC taxes under the PRC Enterprise Income Tax Law, which could have a material adverse effect on our results of operations.
- We and our shareholders face uncertainties with respect to indirect transfers of equity interests in PRC resident enterprises by their non-PRC holding companies.
- PRC laws and regulations have established more complex procedures for certain acquisitions of Chinese companies by foreign investors, which could make it more difficult for us to pursue growth through acquisitions in China.
- Failure to comply with PRC regulations regarding the registration requirements for employee stock ownership plans or share option plans may subject the PRC plan participants or us to fines and other legal or administrative sanctions.
- If we become directly subject to the recent scrutiny, criticism and negative publicity involving U.S.-listed Chinese companies, we may have to expend significant resources to investigate and resolve the matter which could harm our business operations and our reputation and could result in a loss of your investment in our shares, especially if such matter cannot be addressed and resolved favorably.
- It may be difficult for stockholders to enforce any judgment obtained in the United States against us, which may limit the remedies otherwise available to our stockholders.
- Risks Relating to Securities Markets and Investment in Our Stock
- There is not now and there may not ever be an active market for our Common Stock. There are restrictions on the transferability of these securities.
- Our common stock is subject to the “penny stock” rules of the SEC and the trading market in our securities is limited, which makes transactions in our stock cumbersome and may reduce the value of an investment in our stock.
- We are a controlled company subject to the control of Lee Ying Chiu Herbert, our director. Lee Ying Chiu Herbert, together with our other insiders beneficially own a significant portion of our stock, and accordingly, have control over stockholder matters, our business and management.
- State securities laws may limit secondary trading, which may restrict the states in which and conditions under which you can sell the shares offered by this registration statement.
- Anti-takeover effects of certain provisions of Nevada state law hinder a potential takeover of our company.
- Because we do not intend to pay any cash dividends on our common stock, our stockholders will not be able to receive a return on their shares unless they sell them.
- Our stock may be subject to substantial price and volume fluctuations due to a number of factors, many of which are beyond our control and may prevent our stockholders from reselling our Common Stock at a profit.
Legal proceedings
There are no material pending legal proceedings to which we or our subsidiaries are a party or to which any of our or their property is subject, nor are there any such proceedings known to be contemplated by governmental authorities. None of our directors, officers, affiliates or any owner of record or beneficially of more than 5% of our common stock, or any associate of any of the foregoing, is involved in a proceeding adverse to our business or has a material interest adverse to our business.
The opening of Item 3, Legal Proceedings.13
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARMiky Y.c. Wan, President
- 17
- 18
- 19SEC EDGARConnie Y.m. Kwok, Secretary
- 20SEC EDGARYongwei Hu, Chief Operation Officer
- 21
- 22SEC EDGARYing Chiu Herbert Lee, Board member
- 23SEC EDGARSoo Tee Tan, Board member
- 24SEC EDGARJenher Jeng, Board member
- 25SEC EDGARZhigang Liao, Board member
- 26SEC EDGARKwai Yau Tony Ho, Board member
- 27SEC EDGARChange of auditor
- 28SEC EDGARExecutive or director change
- 29SEC EDGARExecutive or director change
- 30SEC EDGARBylaws or fiscal year changed
- 31SEC EDGAREntered a material agreement
- 32SEC EDGARChange of auditor
- 33SEC EDGAREntered a material agreement
- 34SEC EDGARChange of auditor
- 35SEC EDGARExecutive or director change
- 36SEC EDGAREntered a material agreement
- 37SEC EDGAREntered a material agreement
- 38SEC EDGARExecutive or director change