TEARDROPPERS, INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3500 75TH STREET WEST, STE. SWS ROSAMOND, CA 93650 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 731 - Advertising (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 171 | 11 | 35 | 34 | 29 | 74 | |||
| Cash and cash equivalent | 171 | 11 | 35 | 34 | 29 | 74 | |||
| Receivables | 1 | 200 | 64 | 62 | 55 | 63 | |||
| Prepaid expense | 1 | ||||||||
| Other undisclosed current assets | 206 | 1 | |||||||
| Total current assets: | 379 | 212 | 99 | 97 | 85 | 137 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 23 | 26 | 30 | 33 | 39 | 59 | |||
| Long-term investments and receivables | 560 | 87 | 102 | 116 | 130 | ||||
| Due from related parties | ✕ | 560 | 87 | 102 | 116 | 130 | |||
| Other undisclosed noncurrent assets | 511 | ||||||||
| Total noncurrent assets: | 534 | 586 | 116 | 135 | 155 | 189 | |||
| TOTAL ASSETS: | 912 | 798 | 216 | 231 | 240 | 326 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 29 | 394 | 525 | 380 | 360 | 360 | |||
| Interest and dividends payable | ✕ | ✕ | 1 | 1 | 1 | 1 | 2 | ||
| Accounts payable | 29 | 392 | 378 | 378 | 359 | 358 | |||
| Accrued liabilities | 1 | 146 | 1 | ||||||
| Deferred revenue | 175 | ||||||||
| Debt | 248 | 1,154 | 1,187 | 1,160 | 1,115 | 1,089 | |||
| Due to related parties | ✕ | 699 | 515 | 476 | 453 | 398 | |||
| Other undisclosed current liabilities | 1,551 | 418 | 245 | 367 | 335 | 359 | |||
| Total current liabilities: | 2,002 | 2,665 | 2,472 | 2,383 | 2,263 | 2,206 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 51 | 53 | 54 | 56 | 115 | 76 | |||
| Long-term debt, excluding current maturities | 51 | 53 | 54 | 56 | 58 | 59 | |||
| Finance lease, liability | 58 | 16 | |||||||
| Liabilities, other than long-term debt | 491 | ||||||||
| Due to related parties | ✕ | 491 | |||||||
| Other undisclosed noncurrent liabilities | 454 | (58) | |||||||
| Total noncurrent liabilities: | 505 | 543 | 54 | 56 | 58 | 76 | |||
| Total liabilities: | 2,507 | 3,208 | 2,527 | 2,439 | 2,321 | 2,281 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (1,595) | (2,410) | (2,311) | (2,208) | (2,081) | (1,955) | |||
| Preferred stock | |||||||||
| Common stock | 0 | 0 | 0 | 46 | 46 | 46 | |||
| Additional paid in capital | 874 | 874 | 874 | 829 | 829 | 829 | |||
| Accumulated deficit | (3,381) | (3,285) | (3,185) | (3,083) | (2,956) | (2,829) | |||
| Other undisclosed equity, attributable to parent | 913 | ||||||||
| Total equity: | (1,595) | (2,410) | (2,311) | (2,208) | (2,081) | (1,955) | |||
| TOTAL LIABILITIES AND EQUITY: | 912 | 798 | 216 | 231 | 240 | 326 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 51 | 1 | ||||||
| Gross profit: | 1 | |||||||
| Operating expenses | (78) | (74) | (78) | (103) | (110) | (84) | ||
| Operating loss: | (78) | (74) | (78) | (103) | (110) | (82) | ||
| Nonoperating expense | (19) | (25) | (25) | (24) | (16) | (21) | ||
| Investment income, nonoperating | 17 | 5 | 5 | 6 | 6 | |||
| Interest and debt expense | (134) | (1) | (2) | (29) | (2) | (2) | ||
| Loss from continuing operations before equity method investments, income taxes: | (231) | (101) | (104) | (156) | (128) | (105) | ||
| Other undisclosed income from continuing operations before income taxes | 134 | 1 | 2 | 2 | 2 | |||
| Loss from continuing operations: | (97) | (99) | (103) | (156) | (126) | (103) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (99) | (103) | (156) | (126) | (103) | |
| Other undisclosed net income | 29 | |||||||
| Net loss attributable to parent: | (97) | (99) | (103) | (127) | (126) | (103) | ||
| Preferred stock dividends and other adjustments | ||||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (658) | 254 | ||||||
| Net income (loss) available to common stockholders, diluted: | (755) | (99) | (103) | 127 | (126) | (103) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (97) | (99) | (103) | (127) | (126) | (103) | ||
| Comprehensive loss, net of tax, attributable to parent: | (97) | (99) | (103) | (127) | (126) | (103) | ||
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.