LIBERATED SOLUTIONS, INC. Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5430 LYNDON B. JOHNSON FREEWAY DALLAS, TX 75240 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2019 Q3 | 6/30/2019 Q3 | 3/31/2019 Q2 | 12/31/2018 Q1 | 9/30/2018 Q4 | 6/30/2018 Q3 | 3/31/2018 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 4 | 25 | 0 | 18 | 120 | 164 | |||
| Cash and cash equivalents | 4 | 25 | 0 | 18 | 120 | 164 | |||
| Receivables | |||||||||
| Inventory, net of allowances, customer advances and progress billings | |||||||||
| Inventory | |||||||||
| Total current assets: | 4 | 25 | 0 | 18 | 120 | 164 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | |||||||||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Deposits noncurrent assets | |||||||||
| Total noncurrent assets: | |||||||||
| TOTAL ASSETS: | 4 | 25 | 0 | 18 | 120 | 164 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 131 | 106 | 91 | 105 | 65 | 142 | |||
| Interest and dividends payable | 4 | ||||||||
| Accounts payable | |||||||||
| Accrued liabilities | 52 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 79 | 102 | 91 | 105 | 65 | 142 | |||
| Deferred revenue | 5 | 5 | ✕ | ✕ | ✕ | ✕ | |||
| Debt | 607 | 588 | 570 | 640 | 710 | 886 | |||
| Derivative instruments and hedges, liabilities | |||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5 | ||
| Due to related parties | |||||||||
| Other undisclosed current liabilities | 52 | 5 | 5 | ||||||
| Total current liabilities: | 796 | 699 | 667 | 750 | 775 | 1,033 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 5 | ||||||||
| Total liabilities: | 796 | 699 | 667 | 750 | 780 | 1,033 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (792) | (674) | (667) | (732) | (680) | (868) | |||
| Preferred stock | 10 | 10 | 10 | 10 | 10 | 10 | |||
| Common stock | 3,481 | 2,949 | 1,598 | 631 | 398 | 135 | |||
| Additional paid in capital | (92) | 410 | 1,680 | 2,514 | 2,729 | 2,368 | |||
| Accumulated deficit | (4,191) | (4,043) | (3,955) | (3,887) | (3,797) | (3,381) | |||
| Other undisclosed equity, attributable to parent | 0 | (20) | (0) | ||||||
| Other undisclosed equity | 20 | 0 | |||||||
| Total equity: | (792) | (674) | (667) | (732) | (660) | (868) | |||
| Other undisclosed liabilities and equity | (0) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 4 | 25 | 0 | 18 | 120 | 164 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2019 Q3 | 6/30/2019 Q3 | 3/31/2019 Q2 | 12/31/2018 Q1 | 9/30/2018 Q4 | 6/30/2018 Q3 | 3/31/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | (22) | 2 | 20 | |||||
| Other income | 2 | 20 | ||||||
| Cost of revenue (Cost of Goods and Services Sold) | ||||||||
| Gross profit: | 2 | 20 | ||||||
| Operating expenses | (130) | (73) | (57) | (147) | (200) | (440) | ||
| Other undisclosed operating loss | (2) | (20) | ||||||
| Operating income (loss): | (130) | (73) | (57) | (147) | (200) | (440) | ||
| Nonoperating income (expense) | (18) | (15) | (11) | 57 | (213) | 14 | ||
| Other nonoperating expense | (11) | |||||||
| Interest and debt expense | (18) | (15) | (11) | (81) | (205) | (5) | ||
| Loss from continuing operations before equity method investments, income taxes: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Other undisclosed income from continuing operations before income taxes | ||||||||
| Loss from continuing operations before income taxes: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Income tax expense | ||||||||
| Loss from continuing operations: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Loss before gain (loss) on sale of properties: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Net loss: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Other undisclosed net income attributable to parent | 18 | 15 | 11 | 81 | 205 | 5 | ||
| Net loss available to common stockholders, diluted: | (148) | (87) | (68) | (90) | (412) | (426) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2019 Q3 | 6/30/2019 Q3 | 3/31/2019 Q2 | 12/31/2018 Q1 | 9/30/2018 Q4 | 6/30/2018 Q3 | 3/31/2018 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Other comprehensive income | ||||||||
| Comprehensive loss: | (166) | (102) | (79) | (171) | (617) | (431) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive loss, net of tax, attributable to parent: | (166) | (102) | (79) | (171) | (617) | (431) | ||
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.