Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 122

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 122
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 December 31, 2024 and 2023, respectively                                                                                                                                 ( 481                              ( 481  
  Additional paid-in capital                                                                                                                                                                                                  29,712,151                         22,442,726  
  Statutory reserves                                                                                                                                                                                                             155,313                            153,037  
  Retained earnings                                                                                                                                                                                                           22,252,747                         24,688,559  
  Accumulated other comprehensive loss                                                                                                                                                                                       ( 2,215,536                        ( 1,735,735  
  Total shareholders’ equity                                                                                                                                                                                                  49,909,312                         45,549,649  
  Total liabilities and shareholders’ equity                                                                                                                                                                $                 53,035,666      $                  48,630,835  

  Shares and per share data are presented on a retroactive                
  basis to reflect the share consolidation effected on October 10, 2023.  
 ──────────────────────────────────────────────────────────────────────────

The accompanying notes are an integral
part of these consolidated financial statements.

F-3

ORIENTAL CULTURE HOLDING LTD. AND
SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)

                                                                                                                                                                   For the Year Ended December 31,                                                                          
                                                                                                                                                                   2024                                                  2023                       2022                    
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  OPERATING REVENUES:                                                                                                                                                                                                                                                       
  Net revenues                                                                                                                                                     $                                        568,057      $           1,435,449      $           17,646,814  
  Net revenues - related parties                                                                                                                                                                             54,633                    144,609                     166,325  
  Total operating revenues                                                                                                                                                                                  622,690                  1,580,058                  17,813,139  
  COST OF REVENUES:(including related warehouse cost of $ 21,075, $ 64,051, and $ 304,400 for the years ended December 31, 2024, 2023 and 2022, respectively)                                             ( 182,181                  ( 405,628                   ( 996,459  
  GROSS PROFIT                                                                                                                                                                                              440,509                  1,174,430                  16,816,680  
  OPERATING EXPENSES: