Is Majic Wheels Corp. (MJWL) a Buy, Sell, or Hold?
OTC : MJWL
Majic Wheels Corp. — Financials
$0.0001 USD
$0 (0.0%)
- Volume
- 9.01M
- Average Volume
- 8.01M
- Market Capitalization
- $65.2K
- P/E Ratio
- -0.01
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $0.00
- Year Low
- $0.00
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $0.00
MJWL Financial Statements
| date | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
|---|---|---|---|---|---|
| revenue | - | - | - | - | - |
| costOfRevenue | - | - | - | - | - |
| grossProfit | - | - | - | - | - |
| researchAndDevelopmentExpenses | - | - | - | 31350 | - |
| generalAndAdministrativeExpenses | 707.72K | 480.61K | 38694 | 78142 | - |
| sellingAndMarketingExpenses | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 707.72K | 480.61K | 38694 | 78142 | 10791 |
| otherExpenses | - | - | - | - | - |
| operatingExpenses | 707.72K | 480.61K | 51495 | 124.3K | 18599 |
| costAndExpenses | 707.72K | 480.61K | 51495 | 124.3K | 18599 |
| netInterestIncome | - | - | - | - | - |
| interestIncome | - | - | - | - | - |
| interestExpense | 84084 | 23340 | - | 1583 | 369 |
| depreciationAndAmortization | 668.46K | 170.07K | 12801 | 12754 | 7439 |
| ebitda | -1.38M | -650.68K | -38694 | -113.13K | -11160 |
| ebit | -1.38M | -650.68K | -41976 | -125.89K | -18599 |
| nonOperatingIncomeExcludingInterest | 668.46K | 170.07K | -9519 | - | - |
| operatingIncome | -707.72K | -480.61K | -51495 | -124.3K | -18599 |
| totalOtherIncomeExpensesNet | -752.54K | -193.41K | - | - | - |
| incomeBeforeTax | -1.38M | -650.68K | -51495 | -125.89K | - |
| incomeTaxExpense | 84084 | 23340 | - | 3166 | - |
| netIncomeFromContinuingOperations | -1.46M | -674.02K | -51495 | -125.89K | -18599 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - |
| netIncome | -1.46M | -674.02K | -51495 | -125.89K | -18599 |
| netIncomeDeductions | - | - | -9519 | - | - |
| bottomLineNetIncome | -1.46M | -674.02K | -41976 | -125.89K | -18599 |
| eps | -0.01 | -0.01 | -0.0 | -0.0 | -0.0 |
| date | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
|---|---|---|---|---|---|
| cashAndCashEquivalents | - | - | 719 | 2522 | 676 |
| shortTermInvestments | - | - | - | - | - |
| cashAndShortTermInvestments | - | - | 719 | 2522 | 676 |
| netReceivables | - | - | - | - | - |
| accountsReceivables | - | - | - | - | - |
| otherReceivables | - | - | - | - | - |
| inventory | - | - | - | - | - |
| prepaids | - | - | - | - | - |
| otherCurrentAssets | - | - | - | - | - |
| totalCurrentAssets | - | - | 719 | 2522 | 676 |
| propertyPlantEquipmentNet | - | - | - | - | - |
| goodwill | - | - | - | - | - |
| intangibleAssets | - | - | 34054 | 43573 | 56327 |
| goodwillAndIntangibleAssets | - | - | 34054 | 43573 | 56327 |
| longTermInvestments | - | - | - | - | - |
| taxAssets | - | - | - | - | - |
| otherNonCurrentAssets | - | - | - | - | 35000 |
| totalNonCurrentAssets | - | - | 34054 | 43573 | 91327 |
| otherAssets | - | - | - | - | - |
| totalAssets | - | - | 34773 | 46095 | 92003 |
| totalPayables | 32400 | - | 3600 | 64200 | - |
| accountPayables | 32400 | - | 3600 | 64200 | - |
| otherPayables | - | - | - | - | - |
| accruedExpenses | 844.29K | 179.38K | 9178 | 6100 | 18602 |
| shortTermDebt | 290.12K | 189.34K | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - |
| taxPayables | - | - | - | - | - |
| deferredRevenue | 844.29K | - | - | - | - |
| otherCurrentLiabilities | 959.22K | 290.76K | 97695 | - | 91200 |
| totalCurrentLiabilities | 2.13M | 659.48K | 110.47K | 70300 | 109.8K |
| longTermDebt | - | 6295 | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - |
| otherNonCurrentLiabilities | - | - | - | - | - |
| totalNonCurrentLiabilities | - | 6295 | - | - | - |
| otherLiabilities | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - |
| totalLiabilities | 2.13M | 665.77K | 110.47K | 70300 | 109.8K |
| treasuryStock | - | - | - | - | - |
| preferredStock | - | - | - | - | - |
| commonStock | 15000 | 15000 | 10000 | 5000 | 800 |
| retainedEarnings | -2.36M | -904.05K | -195.98K | -144.49K | -18599 |
| additionalPaidInCapital | 223.28K | 223.28K | 110.28K | 110.28K | - |
| date | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
|---|---|---|---|---|---|
| netIncome | - | - | -51495 | - | -18599 |
| depreciationAndAmortization | - | - | 12801 | 12754 | 7439 |
| deferredIncomeTax | - | - | - | - | - |
| stockBasedCompensation | - | - | - | - | - |
| changeInWorkingCapital | 697.32K | 166.6K | 6678 | -12502 | 18602 |
| accountsReceivables | - | - | - | - | - |
| inventory | - | - | - | - | - |
| accountsPayables | 32400 | -3600 | 3600 | - | - |
| otherWorkingCapital | 664.92K | 170.2K | 3078 | - | - |
| otherNonCashItems | -777.61K | -497.66K | - | -125.89K | - |
| netCashProvidedByOperatingActivities | -80293 | -331.06K | -32016 | -125.64K | 7442 |
| investmentsInPropertyPlantAndEquipment | - | - | -3282 | -50000 | -13766 |
| acquisitionsNet | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - |
| otherInvestingActivities | - | - | - | - | - |
| netCashProvidedByInvestingActivities | - | - | -3282 | -50000 | -13766 |
| netDebtIssuance | 80293 | 212.34K | 33495 | 13000 | - |
| longTermNetDebtIssuance | - | 23000 | - | -10000 | - |
| shortTermNetDebtIssuance | 80293 | 189.34K | 33495 | 23000 | - |
| netStockIssuance | - | 118K | - | 164.48K | 800 |
| netCommonStockIssuance | - | 118K | - | 164.48K | 800 |
| commonStockIssuance | - | 118K | - | 164.48K | 800 |
| commonStockRepurchased | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - |
| otherFinancingActivities | - | - | - | - | 6200 |
| netCashProvidedByFinancingActivities | 80293 | 330.34K | 33495 | 177.48K | 7000 |
| date | 2012-09-30 | 2012-06-30 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 217.13K | 265.7K | - | - | - | - | - | - | - | - |
| costOfRevenue | 128.13K | 102K | - | - | - | - | - | - | - | - |
| grossProfit | 88998 | 163.71K | - | - | - | - | - | - | - | - |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 366.16K | 318.7K | 196.9K | 179.26K | 170.43K | 161.14K | 347.17K | 115K | - | - |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 366.16K | 318.7K | 196.9K | 179.26K | 170.43K | 161.14K | 347.17K | 115K | 7188 | 11347 |
| otherExpenses | - | - | - | - | - | - | - | - | - | - |
| operatingExpenses | 408.55K | 381.56K | 196.9K | 179.26K | 170.43K | 161.14K | 340.08K | 115.71K | 10376 | 14535 |
| costAndExpenses | 536.68K | 483.56K | 196.9K | 179.26K | 170.43K | 161.14K | 340.08K | 115.71K | 10376 | 14535 |
| netInterestIncome | -182.94K | -82343 | -28257 | -21875 | -18058 | -15894 | -23251 | -12459 | - | - |
| interestIncome | - | - | - | - | - | - | - | - | - | - |
| interestExpense | 182.94K | 82343 | 28257 | 21875 | 18058 | 15894 | 23251 | 12459 | - | - |
| depreciationAndAmortization | 42386 | 62857 | 419.99K | - | 204.99K | 188.98K | 143.01K | 713 | 3188 | 3188 |
| ebitda | -277.16K | -155K | 223.09K | -179.26K | 34568 | 27841 | -196.98K | -254.01K | -55736 | -11347 |
| ebit | -319.55K | -217.85K | -196.9K | -179.26K | -170.43K | -161.14K | -340.08K | -254.01K | -55736 | -11247 |
| nonOperatingIncomeExcludingInterest | - | - | - | - | - | - | 89 | - | - | - |
| operatingIncome | -319.55K | -217.85K | -196.9K | -179.26K | -170.43K | -161.14K | -339.99K | -115.71K | -10376 | -14535 |
| totalOtherIncomeExpensesNet | 96603 | -634.08K | -419.99K | 145.5K | -204.99K | -188.98K | -143.1K | 111.33K | - | -3288 |
| incomeBeforeTax | -222.95K | -851.93K | -616.89K | -33762 | -375.42K | -350.11K | -483.09K | -142.68K | - | -14535 |
| incomeTaxExpense | 43126 | 716.42K | 28257 | 21875 | 18058 | 15894 | 23340 | 26965 | - | - |
| netIncomeFromContinuingOperations | -362.68K | -934.27K | -645.14K | -55637 | -393.48K | -366K | -506.43K | -764.04K | -55736 | -11247 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -362.68K | -934.27K | -645.14K | -55637 | -393.48K | -366K | -506.43K | -142.68K | -10376 | -14535 |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -362.68K | -934.27K | -645.14K | -55637 | -393.48K | -366K | -506.43K | -764.04K | -55736 | -11247 |
| eps | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 |
| date | 2012-09-30 | 2012-06-30 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 8305 | 15617 | - | - | - | - | - | 207 | 194 | 194 |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 8305 | 15617 | - | - | - | - | - | 207 | 194 | 194 |
| netReceivables | 67189 | 45907 | - | - | - | - | - | - | - | - |
| accountsReceivables | 52986 | 45907 | - | - | - | - | - | - | - | - |
| otherReceivables | 14203 | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | - | - | - | - | - | - | - | - | - | - |
| totalCurrentAssets | 75494 | 61524 | - | - | - | - | - | 207 | 194 | 194 |
| propertyPlantEquipmentNet | 853.17K | 895.56K | - | - | - | - | - | - | - | - |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | 27678 | 30866 |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | 27678 | 30866 |
| longTermInvestments | - | - | - | - | - | - | - | - | - | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | - | - | - | - | - | - | - | - | - | - |
| totalNonCurrentAssets | 853.17K | 895.56K | - | - | - | - | - | - | 27678 | 30866 |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 928.67K | 957.08K | - | - | - | - | - | 207 | 27872 | 31060 |
| totalPayables | 30778 | 15771 | 32400 | - | - | - | - | 121K | 120.8K | 117.3K |
| accountPayables | 30778 | 12901 | 32400 | - | - | - | - | 100 | 100 | 100 |
| otherPayables | - | 2870 | - | - | - | - | - | 120.9K | 120.7K | 117.2K |
| accruedExpenses | 1.23M | 1.26M | 844.29K | 660.12K | 489.22K | 333.05K | 179.38K | 4500 | 7688 | 4000 |
| shortTermDebt | 388.83K | 361.62K | 290.12K | 281.54K | 242.94K | 212.09K | 189.34K | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | 1.23M | 1.26M | 844.29K | - | - | - | - | - | - | - |
| otherCurrentLiabilities | 2.87M | 2.15M | 959.22K | 539.24K | 684.73K | 479.74K | 290.76K | - | - | - |
| totalCurrentLiabilities | 4.53M | 3.79M | 2.13M | 1.48M | 1.42M | 1.02M | 659.48K | 125.5K | 128.48K | 121.3K |
| longTermDebt | 158.55K | 1.02M | - | - | 8364 | 6900 | 6295 | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | - | - | - | - | - | - | - | - | - | - |
| totalNonCurrentLiabilities | 158.55K | 1.02M | - | - | 8364 | 6900 | 6295 | - | - | - |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 4.69M | 4.82M | 2.13M | 1.48M | 1.43M | 1.03M | 665.77K | 125.5K | 128.48K | 121.3K |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | 50 | - | - | - | - | - | - | - | - | - |
| commonStock | 51606 | 21762 | 15000 | 15000 | 15000 | 15000 | 15000 | 15000 | 10000 | 10000 |
| retainedEarnings | -4.56M | -4.2M | -2.36M | -1.72M | -1.66M | -1.27M | -904.05K | -363.57K | -220.89K | - |
| additionalPaidInCapital | 753.18K | 319.37K | 223.28K | 223.28K | 223.28K | 223.28K | 223.28K | 223.28K | 110.28K | 110.28K |
| date | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | - | - | - | - | -142.68K | -10376 | -14535 | -20673 | -8318 | -13766 |
| depreciationAndAmortization | - | - | - | - | 713 | 3188 | 3188 | 3237 | 3188 | 3188 |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | 170.89K | 156.17K | 153.68K | 174.78K | -3188 | 3688 | -8678 | 6178 | 1500 | -1500 |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | - | - | - | -100 | - | - | -3500 | 1000 | 1500 | - |
| otherWorkingCapital | - | - | - | 174.88K | - | - | -5178 | 5178 | - | - |
| otherNonCashItems | -197.59K | -187.02K | -176.42K | -364.12K | 26965 | - | - | - | - | - |
| netCashProvidedByOperatingActivities | -26697 | -30850 | -22747 | -189.35K | -118.19K | -3500 | -20025 | -11258 | -3630 | -12078 |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | - | - | - | - | - |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | - | - | - | - | - | - | - | - | - | - |
| netCashProvidedByInvestingActivities | - | - | - | - | - | - | - | -3282 | - | - |
| netDebtIssuance | 26697 | 30850 | 22747 | 189.14K | 49048 | 3500 | 19500 | 14995 | 2500 | 11000 |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| shortTermNetDebtIssuance | 26697 | 30850 | 22747 | 189.14K | 49048 | 3500 | 19500 | 14995 | 2500 | 11000 |
| netStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | - | - | - | - | 69152 | - | - | - | - | - |
| netCashProvidedByFinancingActivities | 26697 | 30850 | 22747 | 189.14K | 118.2K | 3500 | 19500 | 14995 | 2500 | 11000 |