U.S. Lighting Group, Inc. (USLG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1148 EAST 222ND STREET
CLEVELAND, OH 44117
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 364 - Electric Lighting And Wiring Equipment (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 125286108
Cash and cash equivalents 125286108
Receivables6 571
Inventory, net of allowances, customer advances and progress billings200 212
Inventory200 212
Deposits current assets   
Other undisclosed current assets871,80417
Total current assets:4182,090908
Noncurrent Assets
Property, plant and equipment2,2989451,419
Total noncurrent assets:2,2989451,419
TOTAL ASSETS:2,7163,0352,327
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities719587880
Employee-related liabilities536442
Accounts payable60834363
Accrued liabilities1111775
Deferred revenue 1029
Debt141142267
Due to related parties1764072,619
Other undisclosed current liabilities125  
Total current liabilities:1,1611,1463,795
Noncurrent Liabilities
Long-term debt and lease obligation28082396
Long-term debt, excluding current maturities28082396
Other undisclosed noncurrent liabilities7,025262 
Total noncurrent liabilities:7,305344396
Total liabilities:8,4661,4904,191
Equity
Equity, attributable to parent, including:(5,750)1,545(1,864)
Common stock10 10
Additional paid in capital19,77117,79117,435
Accumulated deficit(25,531)(16,256)(19,309)
Other undisclosed equity, attributable to parent  10 
Total equity:(5,750)1,545(1,864)
TOTAL LIABILITIES AND EQUITY:2,7163,0352,327

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Revenues1,083674,016
Cost of revenue
(Cost of Goods and Services Sold)
(1,217) (1,320)
Gross profit:(134)672,696
Operating expenses(1,604)(1,149)(2,201)
Operating income (loss):(1,738)(1,082)495
Nonoperating income (expense)(375)396(10)
Investment income, nonoperating  12130
Other nonoperating income 6170 
Interest and debt expense(306)52(61)
Income (loss) from continuing operations before income taxes:(2,419)(634)424
Other undisclosed income (loss) from continuing operations306(52) 
Income (loss) from continuing operations:(2,112)(686)424
Income (loss) before gain (loss) on sale of properties:(862)424
Loss from discontinued operations  (176) 
Other undisclosed net income  3,91561
Net income (loss):(2,112)3,053485
Net income (loss) attributable to noncontrolling interest(6,878)  
Other undisclosed net loss attributable to parent   
Net income (loss) available to common stockholders, diluted:(8,990)3,053485

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
Net income (loss):(2,112)3,053485
Comprehensive income (loss):(2,112)3,053485
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6,878)  
Other undisclosed comprehensive loss, net of tax, attributable to parent   
Comprehensive income (loss), net of tax, attributable to parent:(8,990)3,053485

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.

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