• 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
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    Component: (Network and Table)
    Network
    00000002 - Statement - Consolidated Statements of Income/(Loss) and Comprehensive Income/(Loss)
    (http://primeacquitision.com/role/StatementsOfIncomelossAndComprehensiveIncomeloss)
    Table (Implied)
    Slicers (applies to each fact value in each table cell)
    Reporting Entity [Axis] 0001485922 (http://www.sec.gov/CIK)
    Profit or loss [abstract] Period [Axis]
    2017-01-01 - 2017-12-31
    2016-01-01 - 2016-12-31
    2015-01-01 - 2015-12-31
    Profit or loss [abstract]
     
     
     
    Continuing operations
     
     
     
    Rental income
    2,561,322  
    2,508,586 1
    2,624,064 1
    Other revenues
    376,549  
    483,152 1
    204,302 1
    Total Revenues
    2,937,871  
     
    2,991,738 1
     
    2,828,366 1
     
    Depreciation, bad debt and other provisions
    (67,528) 
    (3,229) 
    (12,974) 
    Other expenses
    (2,075,996) 
    (2,245,605)1
    (3,071,058)1
    Total operating expenses
    (2,143,524) 
     
    (2,248,834)1
     
    (3,084,032)1
     
    Operating profit/(loss)
    794,347  
     
    742,904 1
     
    (255,666)1
     
    Finance income
    9,223  
    19,617 1
    34,889 1
    Finance costs
    (3,320,839) 
    (3,756,134)1
    (3,959,052)1
    Gain/(loss) on revaluation of derivatives related to convertible promissory notes
    292,562  
    3,085,253 1
    (539,716)1
    Loss on disposal of property & equipment
    0  
    0 1
    (133,782)1
    Loss on sale of subsidiary
    0  
    0 1
    (32,340)1
    Forgiveness of debt
    273,037  
    0 1
    0 1
    Realized loss on sale of real estate investment
    0  
    0 1
    (240,206)1
    Less: previously recognized unrealized loss on real estate investment
    0  
    0 1
    40,478 1
    Net fair value loss on revaluation of investment property
    (806,891) 
    (519,276)1
    (884,351)1
    Loss before tax
    (2,758,561) 
     
    (427,636)1
     
    (5,969,746)1
     
    Tax benefit/(expense), current
    (158,639) 
    (42,367)1
    (21,507)1
    Deferred tax benefit/(expense)
    (15,867) 
    130,306 1
    (122,386)1
    Loss from continuing operations
    (2,933,067) 
     
    (339,697)1
     
    (6,113,639)1
     
    Loss from discontinued operations
     
     
     
    Loss from discontinued operations
    (754,069) 
    (225,447)1
    (1,448,047)1
    Loss for the year
    (3,687,136) 
     
    (565,144)1
     
    (7,561,686)1
     
    Other comprehensive loss, net of income tax
     
     
     
    Foreign currency translation reserve
    813,007  
    (139,370)1
    (449,358)1
    Total comprehensive loss
    (2,874,129) 
     
    (704,514)1
     
    (8,011,044)1
     
    Loss per share
     
     
     
    From continuing and discontinued operations
     
     
     
    Weighted average number of ordinary shares outstanding - basic
    1,949,061  
    1,954,651 1
    2,299,462 1
    Basic loss per share
    (1.89) 
    (0.29)1
    (3.29)1
    Weighted average number of ordinary shares outstanding - diluted
    1,949,061  
    1,954,651 1
    2,299,462 1
    Diluted loss per share
    (1.89) 
    (0.29)1
    (3.29)1
    From continuing operations
     
     
     
    Weighted average number of ordinary shares outstanding - basic
    1,949,061  
    1,954,651 1
    2,299,462 1
    Basic loss per share
    (1.5) 
    (0.17)1
    (2.66)1
    Weighted average number of ordinary shares outstanding - diluted
    1,949,061  
    1,954,651 1
    2,299,462 1
    Diluted loss per share
    (1.5) 
    (0.17)1
    (2.66)1
    1: Restated for discontinued operations (see note 9 - Discontinued Operations).