American Education Center, Inc. (AMCT) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, June 30, 2021

American Education Center, Inc.

CIK: 1626556 Ticker: AMCT
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2021
Aug. 16, 2021
Document and Entity Information [Abstract]  
Document Type10-Q 
Document Period End DateJun. 30, 2021 
Document Quarterly Reporttrue 
Document Transition Reportfalse 
Entity File Number333-201029 
Entity Incorporation, State or Country CodeNV 
Entity Tax Identification Number38-3941544 
Entity Address, Address Line One1 Rockefeller Plaza, 
Entity Address, City or Town10thNew York, 
Entity Address, Postal Zip Code10020 
City Area Code(646) 
Local Phone Number722-2931 
Title of 12(g) SecurityNone 
Trading SymbolNone 
Entity Address, State or ProvinceNY 
Security Exchange NameNONE 
Entity Current Reporting StatusYes 
Entity Interactive Data CurrentYes 
Entity Filer CategoryNon-accelerated Filer 
Entity Small Businesstrue 
Entity Emerging Growth Companyfalse 
Entity Shell Companyfalse 
Entity Common Stock, Shares Outstanding 59,137,803
Entity Central Index Key0001626556 
Current Fiscal Year End Date--12-31 
Document Fiscal Year Focus2021 
Document Fiscal Period FocusQ2 
Amendment Flagfalse 

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American Education Center, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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  • Peers / Competitors


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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Operations And Comprehensive Income (Unaudited)
Consolidated Statements Of Stockholders' Equity(Unaudited)
Accounts Receivables
Accounts Receivables (Details)
Accounts Receivables (Tables)
Business Acquisition
Business Acquisition (Tables)
Business Acquisition - Additional Disclosure (Details)
Business Acquisition - Estimated Fair Value Of The Assets Acquired And Liabilities Assumed (Details)
Commitments &Amp; Contingency
Common Stock
Common Stock (Details)
Concentration Of Credit And Business Risk
Concentration Of Credit And Business Risk (Details)
Concentration Of Credit And Business Risk (Tables)
Concentration Of Credit And Business Risk - Customers Gross Revenue (Details)
Deferred Revenue
Deferred Revenue (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Fair Value On A Recurring Basis (Details)
Financial Instruments - Financial Assets Past Due (Details)
Financial Instruments - Summarizes Carrying Values (Details)
Fixed Asset, Net
Fixed Assets, Net (Tables)
Fixed Assets, Net - Additional Information (Details)
Fixed Assets, Net - Fixed Assets, Net (Details)
Going Concern
Goodwill (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Component Of Deferred Tax Assets (Details)
Income Taxes - Provision For Income Taxes And Deferred Income Taxes (Details)
Income Taxes - Reconciliation Of The Provision For Income Taxes (Details)
Intangible Asset, Net
Intangible Asset, Net (Tables)
Intangible Asset, Net - Additional Disclosure (Details)
Intangible Asset, Net - Future Amortization Expense (Details)
Intangible Asset, Net - Gross Carrying Amount And Accumulated Amortization (Details)
Lease Commitments
Lease Commitments (Tables)
Lease Commitments - Additional Disclosure (Details)
Lease Commitments - Future Minimum Lease Commitments (Details)
Loans Payable
Loans Payable (Details)
Organization And Business
Organization And Business (Details)
Preferred Stock
Preferred Stock (Details)
Recently Issued And Adopted Accounting Standards
Related-Party Transactions
Related-Party Transactions (Details)
Security Deposits
Security Deposits (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Additional Information (Details)
Segment Reporting - Segment Assets And Liabilities Of Continuing And Discontinued Operations (Details)
Stock Options
Stock Options (Details)
Stock Options (Tables)
Subsequent Event
Summary Of Significant Accounting Policies (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Intangible Asset (Details)
Summary Of Significant Accounting Policies - Schedule Of Estimated Useful Lives Of Property And Equipment (Details)
Variable Interest Entity
Variable Interest Entity (Details)
Variable Interest Entity (Tables)
Ticker: AMCT
CIK: 1626556
Form Type: 10-Q Quarterly Report
Accession Number: 0001104659-21-106220
Submitted to the SEC: Mon Aug 16 2021 3:38:47 PM EST
Accepted by the SEC: Mon Aug 16 2021
Period: Wednesday, June 30, 2021
Industry: Educational Services

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