FIRST LEVEL ENTERTAINMENT GROUP, INC. Financial Statements (2026 and earlier)
Company Profile
| Business Address |
305 SOUTH ANDREWS AVENUE FORT LAUDERDALE, FL 33301 |
| State of Incorp. | FL |
| Fiscal Year End | August 31 |
| Industry (SIC) | 3652 - Phonograph Records and Prerecorded Audio Tapes and Disks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 5/31/2017 MRQ | 8/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | 8/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 89 | 227 | 319 | 253 | 4,409 | |||
| Cash and cash equivalent | 89 | 227 | 319 | 253 | 4,409 | |||
| Total current assets: | 89 | 227 | 319 | 253 | 4,409 | |||
| Noncurrent Assets | ||||||||
| Intangible assets, net (including goodwill) | ✕ | 70,000 | ||||||
| Intangible assets, net (excluding goodwill) | 70,000 | |||||||
| Total noncurrent assets: | 70,000 | |||||||
| TOTAL ASSETS: | 89 | 227 | 319 | 253 | 74,409 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 240,250 | 317,250 | 425,252 | 266,638 | 144,424 | |||
| Accounts payable | 137,500 | 222,989 | 1,500 | 7,500 | ||||
| Accrued liabilities | 240,250 | 179,750 | 202,263 | 265,138 | 136,924 | |||
| Debt | 70,000 | |||||||
| Due to related parties | 249,061 | 50,000 | ||||||
| Total current liabilities: | 240,250 | 566,311 | 495,252 | 316,638 | 144,424 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 87,500 | |||||||
| Long-term debt, excluding current maturities | 87,500 | |||||||
| Total noncurrent liabilities: | 87,500 | |||||||
| Total liabilities: | 240,250 | 566,311 | 495,252 | 316,638 | 231,924 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (240,161) | (566,084) | (494,933) | (316,385) | (157,515) | |||
| Common stock | 42,220 | 40,000 | 36,000 | 30,000 | 52,500 | |||
| Additional paid in capital | 2,857,378 | 2,460,000 | 1,744,000 | 1,135,000 | 1,150,000 | |||
| Accumulated deficit | (3,139,759) | (3,066,084) | (2,274,933) | (1,360,015) | ||||
| Other undisclosed equity, attributable to parent | (1,481,385) | |||||||
| Total equity: | (240,161) | (566,084) | (494,933) | (316,385) | (157,515) | |||
| TOTAL LIABILITIES AND EQUITY: | 89 | 227 | 319 | 253 | 74,409 | |||
Income Statement (P&L) (USD)
| 5/31/2017 TTM | 8/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | 8/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Operating expenses | (73,675) | (532,321) | (785,092) | (389,563) | (730,291) | ||
| Operating loss: | (73,675) | (532,321) | (785,092) | (389,563) | (730,291) | ||
| Nonoperating expense | (258,830) | (8,456) | (11,834) | (204,424) | |||
| Interest and debt expense | (830) | (8,456) | (11,834) | (11,924) | |||
| Loss from continuing operations before equity method investments, income taxes: | (73,675) | (791,981) | (802,004) | (413,231) | (946,639) | ||
| Other undisclosed income from continuing operations before income taxes | 830 | 8,456 | 11,834 | 11,924 | |||
| Loss from continuing operations: | (73,675) | (791,151) | (793,548) | (401,397) | (934,715) | ||
| Loss before gain (loss) on sale of properties: | (73,675) | (791,151) | (793,548) | (401,397) | (934,715) | ||
| Net loss available to common stockholders, diluted: | (73,675) | (791,151) | (793,548) | (401,397) | (934,715) | ||
Comprehensive Income (USD)
| 5/31/2017 TTM | 8/31/2016 | 8/31/2015 | 8/31/2014 | 8/31/2013 | 8/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (73,675) | (791,151) | (793,548) | (401,397) | (934,715) | ||
| Comprehensive loss, net of tax, attributable to parent: | (73,675) | (791,151) | (793,548) | (401,397) | (934,715) | ||
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.