ATA Creativity Global ("Parent Company") (Tables) - ATA Creativity Global
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12 Months Ended |
Dec. 31, 2022 |
Schedule of Condensed Balance Sheets |
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Cash and cash equivalents |
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2,235,730 |
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1,098,896 |
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159,325 |
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Prepaid expenses and other current assets |
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3,892 |
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4,252 |
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616 |
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Investments in subsidiaries |
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187,780,984 |
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144,677,894 |
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20,976,323 |
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Accrued expenses and other payables |
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2,251,514 |
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2,681,709 |
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388,811 |
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Common shares |
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4,720,147 |
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4,720,147 |
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684,357 |
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Treasury shares |
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(9,818,754 |
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(8,626,894 |
) |
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(1,250,782 |
) |
Additional paid in capital |
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540,583,564 |
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542,058,092 |
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78,591,036 |
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Accumulated other comprehensive loss |
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(37,559,847 |
) |
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(37,003,085 |
) |
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(5,364,943 |
) |
Accumulated deficit |
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(310,156,018 |
) |
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(358,048,927 |
) |
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(51,912,215 |
) |
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Total shareholders’ equity |
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Total liabilities and shareholders’ equity |
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Schedule of Consolidated Income Statement |
Condensed Statements of Comprehensive Income (Loss)
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Cost of revenues |
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— |
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(90,029 |
) |
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(88,930 |
) |
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(12,894 |
) |
Operating expenses |
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(10,748,782 |
) |
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(6,412,398 |
) |
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(6,175,519 |
) |
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(895,366 |
) |
Provision for loan receivable |
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(3,943,902 |
) |
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— |
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— |
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— |
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Investment loss |
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(83,753,528 |
) |
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(5,120,016 |
) |
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(41,635,317 |
) |
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(6,036,554 |
) |
Interest income |
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63,613 |
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139 |
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6,861 |
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995 |
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Foreign currency exchange losses, net |
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(5 |
) |
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(45 |
) |
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(4 |
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(1 |
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)
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)
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Income tax expense |
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— |
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— |
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— |
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— |
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)
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)
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Other comprehensive income (loss) |
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53,445 |
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(135,125 |
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556,762 |
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80,723 |
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)
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)
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Schedule of Condensed Statements of Cash Flows |
Condensed Statements of Cash Flows
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Net cash used in operating activities |
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Cash flows from investing activities: |
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Cash received from subsidiaries |
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3,804,240 |
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4,113,412 |
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3,159,503 |
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458,085 |
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Cash lent to subsidiaries |
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(72,794,230 |
) |
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(9,692 |
) |
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(101,614 |
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(14,733 |
) |
Net cash provided by (used in) investing activities |
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Cash flows from financing activities: |
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Cash received from p rivate placement |
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8,530,931 |
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— |
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— |
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— |
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Cash received for exercise of share options |
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— |
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232,245 |
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218,943 |
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31,744 |
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Repurchase of treasury shares |
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(4,003,530 |
) |
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— |
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— |
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— |
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Net cash provided by financing activities |
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Effect of foreign exchange rate changes on cash |
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Net decrease in cash |
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(75,509,500 |
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(250,906 |
) |
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(1,136,834 |
) |
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(164,825 |
) |
Cash and cash equivalents at beginning of year |
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77,996,136 |
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2,486,636 |
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2,235,730 |
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324,150 |
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Cash and cash equivalents at end of year |
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