AGRI-FINTECH HOLDINGS, INC. (IWBB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11650 SOUTH STATE STREET DRAPER, UT 84020 |
| 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)
| 6/30/2023 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 | 128,368 | 13 | 884 | 731 | 61 | |||
| Cash and cash equivalents | 1 | 128,368 | 13 | 884 | 731 | 61 | |||
| Receivables | 19,638 | 0 | 7 | 1 | 21 | 21 | |||
| Inventory, net of allowances, customer advances and progress billings | 130 | ||||||||
| Inventory | 130 | ||||||||
| Other current assets | 164 | 502 | 761 | 983 | |||||
| Other undisclosed current assets | 1,810,352 | 165 | 15 | 3 | 5 | ||||
| Total current assets: | 19,639 | 1,938,849 | 348 | 1,401 | 1,516 | 1,070 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 223,744 | 108 | 27 | 10 | 13 | ||||
| Long-term investments and receivables | 1,215,241 | ||||||||
| Long-term investments | 1,215,241 | ||||||||
| Intangible assets, net (including goodwill) | 3,695,778 | ||||||||
| Goodwill | 3,694,107 | ||||||||
| Intangible assets, net (excluding goodwill) | 1,671 | ||||||||
| Prepaid expense | 575,464 | ||||||||
| Other undisclosed noncurrent assets | 111,360 | 320 | 323 | ||||||
| Total noncurrent assets: | 1,215,241 | 4,606,346 | 428 | 350 | 10 | 13 | |||
| TOTAL ASSETS: | 1,234,880 | 6,545,196 | 776 | 1,751 | 1,526 | 1,083 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,286 | 754,836 | 71 | 80 | 79 | 45 | |||
| Accounts payable | 1,004 | 754,709 | |||||||
| Accrued liabilities | 3,282 | 127 | 71 | 80 | 79 | 45 | |||
| Deferred revenue | 492,269 | ✕ | ✕ | ||||||
| Debt | 23,750 | 868 | 866 | ||||||
| Estimated litigation liability | |||||||||
| Due to related parties | 505 | 243 | 208 | 34 | 345 | ||||
| Other undisclosed current liabilities | 168,949 | 1,000 | |||||||
| Total current liabilities: | 28,541 | 1,416,055 | 1,181 | 1,154 | 113 | 1,390 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 693,094 | ||||||||
| Deferred revenue | 690,923 | ✕ | ✕ | ||||||
| Deferred income tax liabilities | 2,171 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 53,603 | ||||||||
| Total noncurrent liabilities: | 746,697 | ||||||||
| Total liabilities: | 28,541 | 2,162,751 | 1,181 | 1,154 | 113 | 1,390 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,206,339 | 4,412,596 | (234) | 600 | 1,418 | (307) | |||
| Common stock | 8 | 8 | 8 | 8 | |||||
| Additional paid in capital | 419,181 | 4,582,479 | 3,208 | 2,991 | 2,757 | 257 | |||
| Deferred compensation equity | (32,931) | ||||||||
| Accumulated other comprehensive loss | (93) | (77) | (9) | (8) | |||||
| Retained earnings (accumulated deficit) | 867,349 | (162,976) | (3,356) | (2,322) | (1,338) | (564) | |||
| Other undisclosed equity, attributable to parent | (47,260) | (6,906) | |||||||
| Equity, attributable to noncontrolling interest | (171) | (3) | (5) | ||||||
| Total equity: | 1,206,339 | 4,412,596 | (405) | 598 | 1,413 | (307) | |||
| Other undisclosed liabilities and equity | (30,152) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 1,234,880 | 6,545,196 | 776 | 1,751 | 1,526 | 1,083 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 650,994 | 5 | 30 | 126 | ||||
| Other income | 28 | |||||||
| Cost of revenue | (442,029) | (2) | (5) | (19) | ||||
| Gross profit: | 208,965 | 3 | 25 | 107 | ||||
| Operating expenses | (12,266) | (303,408) | (929) | (1,141) | (819) | (564) | ||
| Other undisclosed operating loss | ||||||||
| Operating loss: | (12,266) | (94,443) | (926) | (1,141) | (794) | (457) | ||
| Nonoperating income (expense) | 203,177 | 219 | (13) | 82 | 16 | 5 | ||
| Investment income, nonoperating | 203,280 | |||||||
| Loss, foreign currency transaction, before tax | (7) | |||||||
| Other nonoperating income | 219 | |||||||
| Interest and debt expense | (102) | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 2,135 | 2,142 | 1,556 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 190,809 | (94,224) | 1,196 | 1,083 | 778 | (452) | ||
| Other undisclosed loss from continuing operations before income taxes | (2,392) | (2,166) | (1,556) | |||||
| Income (loss) from continuing operations before income taxes: | 190,809 | (94,224) | (1,196) | (1,083) | (778) | (452) | ||
| Income tax expense | ||||||||
| Other undisclosed income (loss) from continuing operations | (98) | (65,396) | ||||||
| Income (loss) from continuing operations: | 190,712 | (159,620) | (1,196) | (1,083) | (778) | (452) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (159,620) | (1,196) | (1,083) | (778) | (452) | ||
| Other undisclosed net income | 260,541 | |||||||
| Net income (loss): | 451,253 | (159,620) | (1,196) | (1,083) | (778) | (452) | ||
| Net income attributable to noncontrolling interest | 161 | 99 | 5 | |||||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | 451,253 | (159,620) | (1,035) | (984) | (773) | (452) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 451,253 | (159,620) | (1,196) | (1,083) | (778) | (452) | ||
| Other undisclosed comprehensive loss | (8,050) | (24) | (67) | (1) | (10) | |||
| Comprehensive income (loss): | 451,253 | (167,670) | (1,220) | (1,150) | (780) | (462) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 168 | 98 | 5 | |||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (260,341) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 190,912 | (167,670) | (1,051) | (1,052) | (775) | (462) | ||
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.