• Entity registrant name: Prime Acquisition Corp. (CIK: 0001485922)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1485922/000168316818001159/0001683168-18-001159-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1485922/000168316818001159/pacqf-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • XBRL Cloud Rendering (requires license): Click to open XBRL Cloud Component Rendering
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001485922
  • Open this page in separate window: Click

    • * * *

    Component: (Network and Table)
    Network
    00000003 - Statement - Consolidated Statements of Financial Position
    (http://primeacquitision.com/role/StatementsOfFinancialPosition)
    Table (Implied)
    Slicers (applies to each fact value in each table cell)
    Reporting Entity [Axis] 0001485922 (http://www.sec.gov/CIK)
    Statement of financial position [abstract] Period [Axis]
    2017-12-31
    2016-12-31
    2015-12-31
    Statement of financial position [abstract]
     
     
     
    ASSETS
     
     
     
    Non-current assets
     
     
     
    Property and equipment, net
    7,614  
    11,047  
    13,564  
    Investment properties
    33,829,902  
    35,786,053  
    37,407,083  
    Other receivables, net less current portion
    0  
    143,137  
    0  
    Total non-currents assets
    33,837,516  
     
    35,940,237  
     
    37,420,647  
     
    Current assets
     
     
     
    Prepaid expenses
    123,479  
    66,958  
    155,256  
    Trade and other receivables, net
    407,010  
    756,940  
    842,879  
    Cash and cash equivalents
    58,143  
    55,393  
    134,574  
    Total current assets
    588,632  
     
    879,291  
     
    1,132,709  
     
    TOTAL ASSETS
    34,426,148  
     
    36,819,528  
     
    38,553,356  
     
    EQUITY AND LIABILITIES
     
     
     
    Equity
     
     
     
    Ordinary shares, $.001 par value (Authorized 50,000,000 shares; 2,043,351, 2,040,451 and 2,040,451 shares issued; 1,903,723, 1,954,651 and 1,954,651 shares outstanding at December 31, 2017, 2016 and 2015 respectively; with 139,628, 85,800 and 85,800 shares as treasury shares at December 31, 2017, 2016 and 2015)
    2,043  
    2,040  
    2,040  
    Share premium
    19,604,277  
    19,240,641  
    18,289,096  
    Less: cost of 139,628, 85,800 and 85,800 treasury shares at December 31, 2017, 2016 and 2015
    (423,855) 
    (343,113) 
    (343,113) 
    Retained deficit
    (25,894,120) 
    (22,206,984) 
    (21,641,840) 
    Foreign currency translation reserve
    (643,362) 
    (1,456,369) 
    (1,316,999) 
    Total deficit
    (7,355,017) 
     
    (4,763,785) 
     
    (5,010,816) 
     
    Liabilities
     
     
     
    Non-current liabilities
     
     
     
    Loans and borrowings, less current portion
    18,146,247  
    21,110,316  
    21,720,779  
    Trade and other payable, net less current portion
    19,597  
    80,355  
    0  
    Deferred tax liabilities
    2,750,314  
    2,557,571  
    2,764,734  
    Corporate tax liabilities, less current portion
    1,035,955  
    674,164  
    714,771  
    Tenant security deposits
    847,195  
    731,841  
    820,367  
    Total non-current liabilities
    22,799,308  
     
    25,154,247  
     
    26,020,651  
     
    Current liabilities
     
     
     
    Notes payable to stockholders, net of unamortized discount of $731,473, $1,122,997 and $1,363,000 at December 31 2017, 2016 and 2015, respectively
    3,987,479  
    2,485,566  
    1,328,263  
    Due to related party
    670,017  
    1,260,243  
    1,089,549  
    Loans and borrowings
    4,438,354  
    4,206,847  
    5,087,208  
    Trade and other payables
    6,389,497  
    5,914,549  
    5,372,684  
    Other liabilities and other deferred income
    308,852  
    301,800  
    358,634  
    Corporate tax liabilities
    1,257,245  
    1,425,618  
    1,403,005  
    Derivative financial liabilities
    1,859,700  
    794,235  
    2,733,836  
    Provisions
    70,713  
    40,208  
    170,342  
    Total current liabilities
    18,981,857  
     
    16,429,066  
     
    17,543,521  
     
    Total liabilities
    41,781,165  
     
    41,583,313  
     
    43,564,172  
     
    TOTAL EQUITY AND LIABILITIES
    34,426,148  
     
    36,819,528  
     
    38,553,356