LODGING FUND REIT III, INC. financial statements (2021 and earlier)

Company profile

Business Address 1635 43RD STREET SOUTH, SUITE 205
FARGO, ND 58103
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments811
Cash and cash equivalents811
Prepaid expense00
Total current assets:811
Noncurrent Assets
Property, plant and equipment1913
Intangible assets, net (including goodwill)11
Intangible assets, net (excluding goodwill)11
Deferred income tax assets10
Total noncurrent assets:2214
Other undisclosed assets8759
TOTAL ASSETS:11684
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities7144
Total liabilities:7144
Stockholders' equity
Stockholders' equity attributable to parent4341
Common stock00
Additional paid in capital7559
Accumulated deficit(32)(18)
Stockholders' equity attributable to noncontrolling interest (0)
Other undisclosed stockholders' equity3 
Total stockholders' equity:4640
TOTAL LIABILITIES AND EQUITY:11684

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
Gross profit:159
Operating expenses(18)(12)
Operating loss:(4)(4)
Nonoperating expense
(Other Nonoperating expense)
(0)(0)
Interest and debt expense(3)(1)
Loss from continuing operations before income taxes:(7)(5)
Income tax benefit10
Net loss:(6)(5)
Net income attributable to noncontrolling interest 0
Other undisclosed net income attributable to parent0 
Net loss available to common stockholders, diluted:(6)(5)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
Net loss:(6)(5)
Comprehensive loss:(6)(5)
Comprehensive income, net of tax, attributable to noncontrolling interest 0
Comprehensive loss, net of tax, attributable to parent:(6)(5)

Statements sources

The financial statements are based on the company's filings with the 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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