Adorbs Inc (ADOB) Financial Statements (2025 and earlier)
Company Profile
Business Address |
36 FOURTH AVE. N SASKATCHEWAN, SK S3N 2V7 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 2833 - Medicinal Chemicals and Botanical Products (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2018 | |||
---|---|---|---|---|---|---|---|
ASSETS | |||||||
Current Assets | |||||||
Cash, cash equivalents, and short-term investments | 41,808 | 9,499 | 13,593 | 36,602 | |||
Cash and cash equivalents | 41,808 | 9,499 | 13,593 | 36,602 | |||
Receivables | 1,344 | 42 | |||||
Inventory, net of allowances, customer advances and progress billings | 35,281 | 27,679 | |||||
Inventory | 35,281 | 27,679 | |||||
Prepaid expense | 1,179 | ||||||
Other undisclosed current assets | |||||||
Total current assets: | 79,612 | 9,499 | 13,593 | 64,323 | |||
Noncurrent Assets | |||||||
Intangible assets, net (including goodwill) | 601,119 | ||||||
Goodwill | 512,196 | ||||||
Intangible assets, net (excluding goodwill) | 88,923 | ||||||
Other undisclosed noncurrent assets | |||||||
Total noncurrent assets: | 601,119 | ||||||
TOTAL ASSETS: | 680,731 | 9,499 | 13,593 | 64,323 | |||
LIABILITIES AND EQUITY | |||||||
Liabilities | |||||||
Current Liabilities | |||||||
Accounts payable and accrued liabilities, including: | 42,953 | 428 | 428 | 557 | |||
Other undisclosed accounts payable and accrued liabilities | 42,953 | 428 | 428 | 557 | |||
Debt | 54,459 | ||||||
Due to related parties | ✕ | 227,704 | 142,752 | 101,048 | |||
Other undisclosed current liabilities | 843,878 | 10,000 | |||||
Total current liabilities: | 1,114,535 | 143,180 | 101,476 | 65,016 | |||
Noncurrent Liabilities | |||||||
Other undisclosed noncurrent liabilities | 29,532 | ||||||
Total noncurrent liabilities: | 29,532 | ||||||
Total liabilities: | 1,144,067 | 143,180 | 101,476 | 65,016 | |||
Equity | |||||||
Equity, attributable to parent | (463,336) | (133,681) | (87,883) | (693) | |||
Common stock | 75,000 | 23,890 | 23,890 | 23,860 | |||
Additional paid in capital | 25,740 | 25,740 | 25,740 | 25,740 | |||
Accumulated other comprehensive loss | (38,195) | ||||||
Accumulated deficit | (525,881) | (183,311) | (137,513) | (50,293) | |||
Total equity: | (463,336) | (133,681) | (87,883) | (693) | |||
TOTAL LIABILITIES AND EQUITY: | 680,731 | 9,499 | 13,593 | 64,323 |
Income Statement (P&L) (USD)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2018 | ||
---|---|---|---|---|---|---|
Revenues | 296,597 | 81 | 222 | 11,780 | ||
Cost of revenue | (70,784) | (36) | (4,408) | |||
Cost of goods and services sold | (36) | |||||
Other undisclosed gross profit | ||||||
Gross profit: | 225,813 | 81 | 186 | 7,372 | ||
Operating expenses | (566,668) | (45,900) | (45,638) | |||
Other undisclosed operating income (loss) | (64,874) | |||||
Operating loss: | (340,855) | (45,819) | (64,688) | (38,266) | ||
Nonoperating income (expense) | (1,715) | 21 | 105 | |||
Investment income, nonoperating | 21 | |||||
Other nonoperating income | 105 | |||||
Loss from continuing operations before income taxes: | (342,570) | (45,798) | (64,688) | (38,161) | ||
Income tax expense | (7,866) | |||||
Loss from continuing operations: | (342,570) | (45,798) | (64,688) | (46,027) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | (45,798) | (129,322) | (46,027) | |
Loss from discontinued operations | (64,634) | |||||
Other undisclosed net income | 7,866 | |||||
Net loss: | (342,570) | (45,798) | (129,322) | (38,161) | ||
Other undisclosed net income attributable to parent | 64,688 | |||||
Net loss attributable to parent: | (342,570) | (45,798) | (64,634) | (38,161) | ||
Other undisclosed net income available to common stockholders, basic | 685,140 | 91,596 | ||||
Net income (loss) available to common stockholders, diluted: | 342,570 | 45,798 | (64,634) | (38,161) |
Comprehensive Income (USD)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2018 | ||
---|---|---|---|---|---|---|
Net loss: | (342,570) | (45,798) | (129,322) | (38,161) | ||
Other comprehensive loss | ||||||
Comprehensive loss: | (342,570) | (45,798) | (129,322) | (38,161) | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (38,195) | |||||
Comprehensive loss, net of tax, attributable to parent: | (380,765) | (45,798) | (129,322) | (38,161) |
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.