Shareholder value has been consistently impaired, with retained earnings shifting from a $2.1M surplus in 2020Q4 to a $6.6M deficit by 2024Q4.
| Total Current Assets | 1.94M | 682.51K | 2.49M | 8.01M | 10.29M | 8.84M | 8.74M | 5.13M | 4.28M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - |
| Cash Only | 1.83M | 503.5K | 1.43M | 5.74M | 6.11M | 6.55M | 6.69M | 3.12M | 1.66M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 3.26M | 3.32M | 3.14M | 359.56K | 464.21K | 595K | 156.77K | 251.47K | 93.01K |
| Property, Plant & Equipment | 3.25M | 3.31M | 3.13M | 273.14K | 385.53K | 462.02K | 21.3K | 34.07K | 21.01K |
| Fixed Asset Turnover | 0.01x | 0.04x | 0.14x | 16.35x | 15.22x | 12.29x | 113.06x | 162.39x | 252.35x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 8.92K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - |
| Total Assets | 5.21M | 4M | 5.64M | 8.37M | 10.75M | 9.43M | 8.9M | 5.39M | 4.38M |
| Asset Turnover | 0.01x | 0.04x | 0.08x | 0.53x | 0.55x | 0.60x | 0.27x | 1.03x | 1.21x |
| Asset Growth % | 30.22% | -29.03% | -32.67% | -22.17% | 13.99% | 6.05% | 65.17% | 23.06% | - |
| Total Current Liabilities | 1.63M | 122.04K | 705.94K | 1.35M | 1.48M | 686.52K | 712.78K | 598.48K | 1.02M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 859.89K |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | 87.65 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 1.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.20x | 5.59x | 3.53x | 5.93x | 6.97x | 12.87x | 12.26x | 8.58x | 4.19x |
| Quick Ratio | 1.20x | 5.59x | 3.53x | 5.93x | 6.97x | 12.87x | 12.26x | 8.58x | 4.19x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 0 | 0 | 0 | 61.39K | 161.56K | 247.38K | 0 | 0 | 3.02K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.63M | 122.04K | 705.94K | 1.41M | 1.64M | 933.9K | 712.78K | 598.48K | 1.03M |
| Total Debt | 0 | 0 | 372.68K | 224.13K | 263.62K | 339.12K | 0 | 0 | 0 |
| Net Debt | -1.83M | -503.5K | -1.06M | -5.52M | -5.85M | -6.21M | -6.69M | -3.12M | -1.66M |
| Debt / Equity | - | - | 0.08x | 0.03x | 0.03x | 0.04x | - | - | - |
| Debt / EBITDA | - | - | - | - | 1.00x | 0.91x | - | - | - |
| Net Debt / EBITDA | - | - | - | - | -22.24x | -16.63x | - | -1.95x | -1.89x |
| Interest Coverage | - | - | -61.66x | - | - | - | - | - | - |
| Total Equity | 3.58M | 3.88M | 4.93M | 6.96M | 9.12M | 8.5M | 8.18M | 4.79M | 3.35M |
| Equity Growth % | -7.62% | -21.34% | -29.15% | -23.67% | 7.25% | 3.87% | 70.93% | 42.9% | - |
| Book Value per Share | 0.24 | 0.33 | 0.42 | 0.60 | 0.78 | 0.73 | 0.68 | 0.40 | 0.28 |
| Total Shareholders' Equity | 3.58M | 3.88M | 4.93M | 6.96M | 9.29M | 8.68M | 8.2M | 4.79M | 3.35M |
| Common Stock | 25.22K | 11.68K | 11.68K | 11.68K | 11.68K | 11.64K | 11.62K | 10.38K | 10.38K |
| Retained Earnings | -6.55M | -3.36M | -2.2M | -282.79K | 2.14M | 1.95M | 1.53M | 2.04M | 998.64K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 238.02K | 383.57K | 275.05K | 390.04K | 289.58K | -17.39K | 2.96K | 172.48K | -221.1K |
| Minority Interest | 0 | 0 | 0 | -6.91K | -173.82K | -178.81K | -22.67K | 0 | 0 |
Rapid cash reserve depletion
As reported in recent financial filings, MDJM Ltd has seen its total assets decline from $10.8M in 2020Q4 to $5.2M in 2024Q4, a trend that underscores the company's diminishing operational footprint and the ongoing liquidation of its historical resource base amidst a severe business model contraction.
The consistent reduction in total assets suggests that the company is struggling to maintain its scale as its core agency business in China faces terminal decline. Investors should monitor whether the remaining asset base can support any future pivot or if it will continue to be consumed by ongoing operating losses.
Based on the company's reported balance sheets, the asset mix has shifted significantly, with net PPE rising to $3.2M in 2024Q4 from just $17.5K in 2022Q2, indicating a pivot toward fixed-asset heavy operations that may be less responsive to the company's volatile revenue environment.
This transition toward property-related assets appears to reflect the company's attempt to enter the hospitality or leasing space, yet this strategy remains unproven. The lack of liquidity in these assets may limit the company's ability to pivot quickly if the current business model fails to generate meaningful cash flow.
According to quarterly filings, MDJM Ltd's cash position has plummeted from a peak of $6.6M in 2019Q4 to $1.8M in 2024Q4, representing a significant reduction in the company's ability to absorb further operational shocks or fund its ongoing administrative and corporate overhead requirements.
While the current ratio of 1.20 suggests a superficial level of short-term solvency, the rapid burn rate of cash reserves indicates that this buffer is not sustainable. The company appears to be operating with a shrinking margin of safety that warrants close scrutiny by stakeholders concerned with potential insolvency.
As indicated by the company's financial statements, retained earnings have deteriorated into a deficit of $6.6M as of 2024Q4, a sharp reversal from the $2.1M surplus reported in 2020Q4, which highlights the persistent destruction of shareholder value through sustained operational losses over the last several years.
The erosion of equity suggests that the company's capital base is being systematically consumed to cover operating deficits rather than being deployed for growth. This trend may indicate that future financing needs could lead to significant dilution if the company attempts to recapitalize its balance sheet.
Quick answers to the most common questions about buying UOKA stock.
As of 2024, MDJM Ltd (UOKA) had total assets of $5.2M including $1.9M in current assets.
MDJM Ltd (UOKA) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
MDJM Ltd (UOKA) has total shareholders' equity (book value) of $3.6M ($0.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
MDJM Ltd (UOKA) reported a current ratio of 1.20x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.