Report of Foreign Issuer (6-k)

Date : 08/22/2019 @ 9:01PM
Source : Edgar (US Regulatory)
Stock : JMU Ltd (JMU)
Quote : 0.9612  0.035228 (3.80%) @ 8:59PM

Report of Foreign Issuer (6-k)

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

Form 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE
13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2019

 

Commission File Number 001-36896

 

 ________________________________

 

 

JMU LIMITED

 

 ________________________________

 

2/F, No. 608, Macau Road
Putuo District, Shanghai 20060
People’s Republic of China

(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F  x Form 40-F  ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

 

Unaudited Balance Sheet of the Company as of July 31, 2019

 

JMU Limited (“JMU” or the “Company”) reported its unaudited balance sheet as of July 31, 2019, which reflected the divestment of the Company’s food supply chain business completed on July 22, 2019 as follows.

  

 

JMU LIMITED

FORMERLY KNOWN AS WOWO LIMITED

CONSOLIDATED BALANCE SHEETS

 

    As of July 31,
2019
 
    US$  
       
Current assets:        
Cash and cash equivalents     122,279  
Accounts receivable, net     150,000  
Inventories, net     -  
Amounts due from related parties     1,000,000  
Deferred tax assets-current     -  
Prepaid expenses and other current assets     10,607  
Total current assets     1,282,886  
         
Non-current assets:        
Property and equipment, net     -  
Intangible assets     1,200,000  
Long-term equity investment     -  
Goodwill     5,645,603  
Deferred tax assets-non current     -  
Other non-current assets  

-

 
Total non-current assets     6,845,603  
         
TOTAL ASSETS     8,128,489  
         
Current liabilities:        
Short-term bank borrowing     -  
Accounts and notes payable     -  
Advance from customer     30,000  
Amounts due to related parties     -  
Accrued expenses and other current liabilities     551,817  
Tax payable     -  
Total current liabilities     581,817  
         
Non-current Liabilities:        
Other non-current liabilities     -  
Deferred tax liabilities     -  
Amounts due to related parties    

-

 
Total non-current liabilities    

-

 
         
TOTAL LIABILITIES     581,817  
         
Stockholders’ equity:        
Common shares     21,095  
Additional paid-in capital     637,526,504  
Accumulated deficit     (630,003,196 )
Accumulated other comprehensive loss     2,269  
Total stockholders’ equity:     7,546,672  
         
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY     8,128,489  

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  JMU Limited
 

 

 

  By: /s/ Frank Zhigang Zhao
  Name: Frank Zhigang Zhao
  Title: Chief Financial Officer
   

Date: August 22, 2019

 

 

 

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