SHEARSON AMERICAN REIT, INC. Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1059 REDONDO BOULEVARD LOS ANGELES, CA 90019 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 677 - Blank Checks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 9/30/2014 MRQ | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Noncurrent Assets | |||||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 289,690 | 27,848 | |||
| Accounts payable | 36,525 | 27,848 | |||
| Accrued liabilities | 253,165 | ||||
| Debt | 156,596 | 117,891 | |||
| Total current liabilities: | 446,286 | 145,739 | |||
| Noncurrent Liabilities | |||||
| Other undisclosed liabilities | (253,165) | ||||
| Total liabilities: | 193,121 | 145,739 | |||
| Equity | |||||
| Equity, attributable to parent, including: | (193,121) | (145,739) | |||
| Common stock | 52,519 | 52,519 | |||
| Treasury stock, value | (14,283) | (14,283) | |||
| Additional paid in capital | 25,460,953 | 25,448,953 | |||
| Accumulated deficit | (25,689,281) | (25,689,281) | |||
| Other undisclosed equity, attributable to parent | (3,029) | 56,353 | |||
| Total equity: | (193,121) | (145,739) | |||
Income Statement (P&L) (USD)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Gross profit: | (37,084) | |||
| Operating expenses | (57,761) | (13,500) | ||
| Other undisclosed operating income (loss) | 37,084 | (6,250) | ||
| Operating loss: | (57,761) | (19,750) | ||
| Interest and debt expense | (1,621) | 251,543 | ||
| Income (loss) from continuing operations: | (59,382) | 231,793 | ||
| Income (loss) before gain (loss) on sale of properties: | (59,382) | 231,793 | ||
| Other undisclosed net income | 62,411 | |||
| Net income: | 3,029 | 231,793 | ||
| Other undisclosed net loss attributable to parent | (62,411) | |||
| Net income (loss) available to common stockholders, diluted: | (59,382) | 231,793 | ||
Comprehensive Income (USD)
| 9/30/2014 TTM | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net income: | 3,029 | 231,793 | ||
| Comprehensive income, net of tax, attributable to parent: | 3,029 | 231,793 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.