Company research
High-Trend International Group
CIK 1928948Updated Sep 25, 2026
SecurityHTCO · NASDAQ · equity
Historical securities (1)
CACO · OTC · equity · closed Sep 27, 2024Name history
Caravelle International Group · through Jan 16, 2025
HTCO price & chart
Loading TradingView…
NASDAQ:HTCO on TradingView ↗In the news
High-Trend International Group Announces Pricing of $15 Million Registered Direct Offering with Global Institutional Investors ↗
Seeking Alpha
High-Trend International reports 1H results ↗
Recent filings
Show 4 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 32,359,203Source | 29,206,559Source | 8,430,883Source | 35,571,416Source |
| Property, Plant and Equipment, NetUSD | 4,767Source | 201Source | 561,891Source | 604,126Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 10,140,032Source | 6,862,970Source | 2,219,973Source | 21,572,336Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 8,651,612Source | 7,582,530Source | 983,784Source | 3,955,311Source |
| Assets, CurrentUSD | 30,289,442Source | 25,865,992Source | 6,769,681Source | 33,428,699Source |
| Prepaid Expense and Other Assets, CurrentUSD | 8,481,387Source | 11,417,020Source | 3,561,741Source | 6,949,397Source |
| Operating Lease, Right-of-Use AssetUSD | 104,129Source | 23,407Source | 204,750Source | — |
| Other Assets, NoncurrentUSD | — | — | — | 1,538,591Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 19,757,720Source | 20,470,945Source | 15,695,689Source | 25,547,063Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | — | 11,790Source | 5,278Source | 5,000Source |
| Additional Paid in CapitalUSD | — | 33,904,575Source | -457,183Source | 152,550Source |
| Retained Earnings (Accumulated Deficit)USD | -51,419,154Source | -28,553,022Source | -4,955,326Source | 4,376,698Source |
| Stockholders' Equity Attributable to ParentUSD | 7,876,877Source | 5,363,343Source | -5,407,231Source | 4,534,248Source |
| Additional Paid in Capital, Common StockUSD | 59,279,198Source | — | — | — |
| Liabilities and EquityUSD | 32,359,203Source | 29,206,559Source | 8,430,883Source | 35,571,416Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 19,731,187Source | 19,553,915Source | 14,108,759Source | 23,179,144Source |
| Operating Lease, Liability, CurrentUSD | 77,596Source | 23,407Source | 90,585Source | — |
| Accounts Payable, CurrentUSD | 1,106,686Source | 569,188Source | 261,144Source | 750,471Source |
| Operating Lease, Liability, NoncurrentUSD | 26,533Source | — | 109,492Source | — |
| Deferred Income Tax Liabilities, NetUSD | — | 107Source | 217Source | 1,293Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 4,724,606Source | 3,372,271Source | -1,857,575Source | 5,490,105Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | — | 7,600,000Source | — | — |
| Accrued Liabilities, CurrentUSD | 9,245,092Source | 5,853,795Source | 4,421,644Source | — |
| Deferred Tax Liabilities, NetUSD | — | 107Source | 217Source | 1,293Source |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | — | 580,076Source | 937,457Source | 880,631Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | 916,923Source | 1,477,221Source | 2,366,626Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -20,110,427Source | -21,214,850Source | -15,777,704Source | 23,596,914Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 21,922,261Source | 1,200,562Source | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 1,069,082Source | 6,598,746Source | -2,971,527Source | -3,871,400Source |
| Increase (Decrease) in Accounts PayableUSD | 375,644Source | 308,044Source | -489,327Source | 262,029Source |
| Deferred Income Tax Expense (Benefit)USD | -107Source | -110Source | -1,076Source | -341Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 4,631,918Source | -3,328,206Source | -17,773,998Source | 33,132,430Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -5,071Source | — | — | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 5,071Source | — | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -1,349,785Source | 7,971,203Source | -1,578,365Source | -21,914,535Source |
| Payments of Ordinary Dividends, Common StockUSD | — | — | 902,000Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | -19,352,363Source | 11,217,895Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 10,140,032Source | 6,862,970Source | 2,219,973Source | 21,572,336Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 45,306Source | 90,191Source | 60,789Source | 81,413Source |
| Income Taxes Paid, NetUSD | 7,756Source | 52,654Source | 10,870Source | 2,503Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 11,750,602Source | 1,200,562Source | — | — |
| DepreciationUSD | 505Source | 22,205Source | 42,235Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 39,662Source | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | -306,793Source | — | — |
| General and Administrative ExpenseUSD | 4,792,925Source | 5,795,768Source | 3,742,728Source | 3,250,019Source |
| Income Tax Expense (Benefit)USD | 9,106Source | 4,139Source | 2,542Source | 11,243Source |
| InterestExpenseNonoperatingUSD | 45,935Source | — | — | — |
| Investment Income, InterestUSD | 60,833Source | 3,444Source | 7,738Source | 18Source |
| Net Income (Loss) Attributable to ParentUSD | -21,462,762Source | -23,597,696Source | -9,332,024Source | 12,232,816Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,352,335Source | 2,382,846Source | -6,445,680Source | 11,364,098Source |
| Nonoperating Income (Expense)USD | -189,086Source | -23,515,265Source | — | — |
| Operating ExpensesUSD | 26,715,186Source | 5,795,768Source | 3,742,728Source | 3,266,361Source |
| Operating Lease, ExpenseUSD | 76,701Source | 96,687Source | 92,312Source | — |
| Other Nonoperating Income (Expense)USD | -203,984Source | 91,318Source | -147,231Source | 27,239Source |
| Other Operating Income (Expense), NetUSD | — | — | -42,947Source | 129,098Source |
| Proceeds from Contributed CapitalUSD | — | 2,847,000Source | — | 7,419Source |
| Proceeds from Stock Options ExercisedUSD | 5,000Source | — | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 214,415,912Source | 108,176,683Source | 95,257,538Source | 185,349,630Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -19,912,235Source | 2,304,554Source | -15,627,931Source | 23,580,918Source |
| Other Nonoperating Income (Expense)USD | -203,984Source | 91,318Source | -147,231Source | 27,239Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -20,101,321Source | -21,210,711Source | -15,775,162Source | 23,608,157Source |
| Income Tax Expense (Benefit)USD | 9,106Source | 4,139Source | 2,542Source | 11,243Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 1,352,335Source | 2,382,846Source | -6,445,680Source | 11,364,098Source |
| Net Income (Loss) Attributable to ParentUSD | -21,462,762Source | -23,597,696Source | -9,332,024Source | 12,232,816Source |
| Earnings Per Share, BasicUSD per share | -4.18Source | -0.4Source | -0.18Source | 0.24Source |
| Earnings Per Share, DilutedUSD per share | -4.18Source | -0.4Source | -0.18Source | 0.24Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 5,470,715Source | 58,854,616Source | 52,424,287Source | 50,000,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 5,470,715Source | 58,854,616Source | 52,424,287Source | 50,000,000Source |
| Interest Expense (non-operating)USD | 45,935Source | — | — | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 9,213Source | 4,249Source | 3,618Source | 11,584Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | 22,205Source | 42,235Source | 42,042Source |
| General and Administrative ExpenseUSD | 4,792,925Source | 5,795,768Source | 3,742,728Source | 3,250,019Source |
| Gross ProfitUSD | 6,802,951Source | 8,100,322Source | -11,885,203Source | 26,847,279Source |
| Interest ExpenseUSD | — | — | 112,022Source | 101,877Source |
| Interest Expense, DebtUSD | 45,935Source | 90,191Source | — | — |
| Investment Income, InterestUSD | 60,833Source | 3,444Source | 7,738Source | 18Source |
| Nonoperating Income (Expense)USD | -189,086Source | -23,515,265Source | — | — |
| Operating ExpensesUSD | 26,715,186Source | 5,795,768Source | 3,742,728Source | 3,266,361Source |
| Operating Lease, ExpenseUSD | 76,701Source | 96,687Source | 92,312Source | — |
| Other Operating Income (Expense), NetUSD | — | — | -42,947Source | 129,098Source |
| Selling ExpenseUSD | — | — | — | 16,342Source |