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May 2022
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November 2021
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Cover - USD ($) | 12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2021 | Dec. 31, 2020 | Mar. 29, 2022 | Jun. 30, 2021 | |
Cover [Abstract] | ||||
Document Type | 10-K | |||
Amendment Flag | false | |||
Document Annual Report | true | |||
Document Transition Report | false | |||
Document Period End Date | Dec. 31, 2021 | |||
Document Fiscal Period Focus | FY | |||
Document Fiscal Year Focus | 2021 | |||
Current Fiscal Year End Date | --12-31 | |||
Entity File Number | 001-38308 | |||
Entity Registrant Name | GreenproCapital Corp. | |||
Entity Central Index Key | 0001597846 | |||
Entity Tax Identification Number | 98-1146821 | |||
Entity Incorporation, State or Country Code | NV | |||
Entity Address, Address Line One | B-7-5,Northpoint | |||
Entity Address, Address Line Two | MidValley City | |||
Entity Address, Address Line Three | No. 1 Medan Syed Putra Utara | |||
Entity Address, City or Town | Kuala Lumpur | |||
Entity Address, Country | MY | |||
Entity Address, Postal Zip Code | 59200 | |||
City Area Code | +60 | |||
Local Phone Number | 3 2201 - 3192 | |||
Title of 12(b) Security | Common Stock, $0.0001 par value | |||
Trading Symbol | GRNQ | |||
Security Exchange Name | NASDAQ | |||
Entity Well-known Seasoned Issuer | No | |||
Entity Voluntary Filers | No | |||
Entity Current Reporting Status | Yes | |||
Entity Interactive Data Current | Yes | |||
Entity Filer Category | Non-accelerated Filer | |||
Entity Small Business | true | |||
Entity Emerging Growth Company | false | |||
Entity Shell Company | false | |||
Entity Public Float | $ 37,122,496 | |||
Entity Common Stock, Shares Outstanding | 78,671,688 | |||
ICFR Auditor Attestation Flag | false | |||
Auditor Name | JP Centurion & Partners PLT | JLKZ CPA LLP | ||
Auditor Firm ID | 6723 | 6519 | ||
Auditor Location | Kuala Lumpur, Malaysia | Flushing,New York |
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Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Greenpro Capital Corp..
Greenpro Capital Corp.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2022 10-K Annual Report includes:
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The increase in net loss in 2021 was mainly due to an increase of G&A expenses, interest expenses associated with the convertible promissory notes, loss on extinguishment of convertible notes and impairment loss of other investments.
The cash used in operating activities in 2021 was mainly from net loss for the year of $14,363,232, reversal of write-off notes receivable of $5,000,000, fair value gains of options associated with convertible notes of $5,093,720 and offset by amortization and interest expenses associated with convertible notes of $12,440,666, loss of extinguishment of convertible notes of $3,521,263 and impairment of other investment of $5,349,600, while the cash used in operating activities in 2020 was mainly from net loss for the year of $3,752,953 and offset by amortization and interest expenses associated with convertible notes of $974,673, consultancy and marketing expenses of $720,550.
The Company recorded net loss attributable to noncontrolling interest of $13,876 for the year ended December 31, 2021 and net income attributable to noncontrolling interest of $8,870 for the year ended December 31, 2020.
Interest expenses related to the convertible promissory notes totaled $12,900,855 for the year ended December 31, 2021, which included coupon interest expense of $460,189, amortization of discount on convertible notes of $206,342, amortization of debt issuance costs of $76,380, interest expense associated with conversion of notes of $2,254,480, interest expense associated with accretion of convertible notes payable of $8,561,440, interest expense due to non-fulfillment of use of proceeds requirements of $1,106,488 and additional charge for early redemption of $235,536.
Our cash balance on December 31, 2021, was $5,338,571, as compared to $1,086,753 on December 31, 2020, it was increased by $4,251,818.
One of our venture capital...Read more
Attributable to noncontrolling interest The...Read more
The increase of $694,969 was...Read more
In 2021, net loss attributable...Read more
We expect revenue from our...Read more
We expect revenue from our...Read more
Significant accounting estimates include certain...Read more
Greenpro provides a range of...Read more
We expect our G&A expenses...Read more
Interest expenses related to the...Read more
55 The Company's ability to...Read more
Impairment of long-lived assets Long-lived...Read more
ASC 606 creates a five-step...Read more
The decrease in loss from...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Greenpro Capital Corp. provided additional information to their SEC Filing as exhibits
Ticker: GRNQ
CIK: 1597846
Form Type: 10-K Annual Report
Accession Number: 0001493152-22-007945
Submitted to the SEC: Tue Mar 29 2022 6:31:36 AM EST
Accepted by the SEC: Tue Mar 29 2022
Period: Friday, December 31, 2021
Industry: Computer Processing And Data Preparation