VCM is a Nevada corporation that operates through its subsidiaries VCI and Sino Pride to control two joint ventures formed under the laws of the PRC. DVPD is a joint venture formed under the laws of the PRC (80% equity interest owned by Sino Pride). DVBM is a joint venture formed under the laws of PRC. DVBM is 95% owned by Sino Pride and 5% owned by DVPD. DVPM is a PRC entity 100% owned by Sino Pride. The Company primarily engages in the business of commercial real estate lease and management with a multi-functional shopping center in Dalian, Liaoning Province of China. DVBM focuses on providing day-to-day management operations of Victory Plaza which is to be renovated pursuant to the Company’s business plan. DVPM is recently formed as a property management company and will play a similar role as DVBM to improve the management of Victory Plaza. DVPD is focused on rental income. The Victory Plaza after renovation is expected to offer multiple services including but not limited to shopping, entertainment, restaurants, and a social and recreation environment.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
371865646
Latest filings (excl ownership)
NT 10-K
Notice of late annual filing
31 Mar 21
10-Q
2020 Q3
Quarterly report
13 Nov 20
8-K
Completion of Acquisition or Disposition of Assets
12 Nov 20
DEF 14C
Information statement
22 Oct 20
PRE 14C
Preliminary information
7 Oct 20
8-K
Entry into a Material Definitive Agreement
7 Oct 20
8-K
Departure of Directors or Certain Officers
5 Oct 20
10-Q
2020 Q2
Quarterly report
14 Aug 20
10-K/A
2019 FY
Annual report (amended)
10 Jul 20
10-Q
2020 Q1
Quarterly report
29 Jun 20
Latest ownership filings
Financial summary
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Diluted EPS |
Annual (USD) | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 143.49 k | 143.49 k | 143.49 k | 143.49 k | 143.49 k | 143.49 k |
Cash burn (monthly) | 19.99 k | 12.91 k | 485.31 k | 691.01 k | (no burn) | (no burn) |
Cash used (since last report) | 857.19 k | 553.40 k | 20.81 mm | 29.63 mm | n/a | n/a |
Cash remaining | -713.71 k | -409.92 k | -20.67 mm | -29.49 mm | n/a | n/a |
Runway (months of cash) | -35.7 | -31.8 | -42.6 | -42.7 | n/a | n/a |