COMMONWEALTH INCOME & GROWTH FUND VI Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4532 US HWY. 19, SUITE 200 NEW PORT RICHEY, FL 34652 |
| State of Incorp. | PA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 735 - Miscellaneous Equipment Rental And Leasing (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 25 | 36 | 4 | 6 | 25 | |||
| Cash and cash equivalents | 1 | 25 | 36 | 4 | 6 | 25 | |||
| Receivables | 25 | (33) | (63) | (33) | (33) | ||||
| Prepaid expense | 1 | ||||||||
| Other undisclosed current assets | 61 | 19 | 162 | 258 | 303 | 451 | |||
| Total current assets: | 62 | 70 | 165 | 199 | 275 | 442 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 247 | 133 | 4,899 | 9,034 | |||||
| Other undisclosed noncurrent assets | 11 | 6 | 228 | 455 | (3,990) | (7,581) | |||
| Total noncurrent assets: | 258 | 139 | 228 | 455 | 909 | 1,452 | |||
| TOTAL ASSETS: | 320 | 209 | 393 | 654 | 1,185 | 1,894 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 149 | 0 | 5 | 5 | 95 | ||||
| Accounts payable | 149 | ||||||||
| Accrued liabilities | 0 | 5 | 5 | 95 | |||||
| Debt | 88 | 196 | |||||||
| Due to related parties | ✕ | 115 | 128 | 148 | 159 | ||||
| Total current liabilities: | 237 | 196 | 115 | 133 | 154 | 254 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 423 | 155 | 162 | 336 | 730 | 1,151 | |||
| Total liabilities: | 660 | 350 | 277 | 469 | 883 | 1,405 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (341) | (142) | |||||||
| Other undisclosed equity, attributable to parent | (341) | (142) | |||||||
| Other undisclosed equity | 0 | 115 | 184 | 302 | 489 | ||||
| Total equity: | (340) | (142) | 115 | 184 | 302 | 489 | |||
| TOTAL LIABILITIES AND EQUITY: | 320 | 209 | 393 | 654 | 1,185 | 1,894 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 172 | 238 | 673 | 738 | 948 | 1,027 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | 890 | ✕ | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,025 | |
| Cost of revenue | (204) | (385) | (635) | (708) | (868) | |||
| Gross profit: | 172 | 35 | 288 | 104 | 240 | 159 | ||
| Operating expenses | (371) | (292) | (349) | (221) | (381) | (450) | ||
| Operating loss: | (199) | (257) | (61) | (117) | (142) | (291) | ||
| Interest and debt expense | (4) | (2) | (6) | (21) | (39) | (40) | ||
| Loss from continuing operations: | (203) | (259) | (67) | (138) | (180) | (331) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (259) | (67) | (138) | (180) | (331) | |
| Other undisclosed net income | 6 | 21 | 39 | 64 | ||||
| Net loss: | (203) | (259) | (61) | (117) | (142) | (267) | ||
| Other undisclosed net income attributable to parent | 4 | 2 | ||||||
| Net loss available to common stockholders, diluted: | (199) | (257) | (61) | (117) | (142) | (267) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (203) | (259) | (61) | (117) | (142) | (267) | ||
| Comprehensive loss, net of tax, attributable to parent: | (203) | (259) | (61) | (117) | (142) | (267) | ||
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.