Company research
NETWORK CN INC
CIK 934796Updated Sep 25, 2026
SecurityNWCN · OTC · equity
Name history
TEDA TRAVEL GROUP INC · through Jul 31, 2006ACOLA CORP · through Apr 5, 2004MEGACHAIN COM LTD · through Feb 13, 2001
NWCN price & chart
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Recent filings
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Financials
FY 2023 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 835,383Source | 484,019Source | 119,658Source | 106,566Source |
| Property, Plant and Equipment, NetUSD | 1,055Source | 2,427Source | 2,632Source | 599Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 305,970Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | 0Source | 0Source | — |
| Accounts Receivable | — | — | — | — |
| Assets, CurrentUSD | 186,112Source | 103,215Source | 41,505Source | 105,967Source |
| Prepaid Expense and Other Assets, CurrentUSD | 2,101Source | 8,081Source | 19,828Source | 100,000Source |
| Operating Lease, Right-of-Use AssetUSD | 38,456Source | 72,407Source | 75,521Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 7,949,574Source | 6,821,773Source | 6,290,913Source | 7,879,861Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 22,488Source | 20,749Source | 20,749Source | 8,773Source |
| Retained Earnings (Accumulated Deficit)USD | -141,287,445Source | -139,381,092Source | -138,455,814Source | -133,695,748Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 1,699,092Source | 1,705,434Source | 1,704,440Source | 1,704,239Source |
| Stockholders' Equity Attributable to ParentUSD | -7,114,191Source | -6,337,754Source | -6,171,255Source | -7,773,295Source |
| Additional Paid in Capital, Common StockUSD | 132,451,674Source | 131,317,155Source | 130,559,370Source | 124,209,441Source |
| Liabilities and EquityUSD | 835,383Source | 484,019Source | 119,658Source | 106,566Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,057,512Source | 3,972,398Source | 5,615,352Source | 7,234,861Source |
| Operating Lease, Liability, CurrentUSD | 6,825Source | 35,681Source | 44,960Source | — |
| Operating Lease, Liability, NoncurrentUSD | — | 31,890Source | 30,561Source | — |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,906,353Source | -925,278Source | -1,215,636Source | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,372Source | 79,236Source | 15,145Source | 456Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 44,650Source | 24,000Source | 217,475Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 101,888Source | 74,783Source | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -298,765Source | -198,403Source | -441,146Source | -665,693Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | -1,078Source | -2,422Source | -617Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | 1,078Source | 2,422Source | 617Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 278,413Source | 197,161Source | 459,077Source | 666,446Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -15,017Source | -1,326Source | 15,710Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 5,334Source | 20,351Source | 21,677Source | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | 615,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 5,335Source | 994Source | 201Source | — |
| Additional Financial Items | ||||
| AmortizationUSD | 382,995Source | — | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 147,062Source | 72,485Source | — | — |
| Amortization of Intangible AssetsUSD | 382,995Source | 27,815Source | — | — |
| DepreciationUSD | 1,372Source | 1,282Source | 389Source | 456Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | 449,473Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 5,299,726Source |
| General and Administrative ExpenseUSD | 728,292Source | 631,938Source | 479,018Source | 292,490Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | 0Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -1,215,636Source | — |
| Net Income (Loss) Attributable to ParentUSD | -1,906,353Source | -925,278Source | -1,215,636Source | 4,869,156Source |
| Nonoperating Income (Expense)USD | -445,650Source | 3,290Source | 708Source | 5,694,249Source |
| Operating ExpensesUSD | 1,155,937Source | 655,938Source | 696,493Source | 292,490Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 446,019Source | 106,498Source | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -1,146,586Source | -632,338Source | -696,493Source | -292,490Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,906,353Source | -925,278Source | -1,215,636Source | 4,869,156Source |
| Net Income (Loss) Attributable to ParentUSD | -1,906,353Source | -925,278Source | -1,215,636Source | 4,869,156Source |
| Earnings Per Share, BasicUSD per share | -0.09Source | -0.04Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.09Source | -0.04Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 22,347,843Source | 21,017,190Source | 11,023,767Source | 8,774,263Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 22,347,843Source | 21,017,190Source | 11,023,767Source | 8,774,263Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 382,995Source | 27,815Source | — | — |
| General and Administrative ExpenseUSD | 728,292Source | 631,938Source | 479,018Source | 292,490Source |
| Gross ProfitUSD | 9,351Source | 23,600Source | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | -1,215,636Source | — |
| Interest and Other IncomeUSD | 133Source | 4Source | — | — |
| Interest ExpenseUSD | 206,855Source | — | 519,851Source | 532,603Source |
| Interest Expense, DebtUSD | 31,450Source | 30,217Source | 6,468Source | 18,567Source |
| Nonoperating Income (Expense)USD | -445,650Source | 3,290Source | 708Source | 5,694,249Source |
| Operating ExpensesUSD | 1,155,937Source | 655,938Source | 696,493Source | 292,490Source |