AgriFORCE Growing Systems Ltd. (AGRI) Financial Statements (2024 and earlier)

Company Profile

Business Address 300 - 2233 COLUMBIA STREET
VANCOUVER, BC V5Y 0M6
State of Incorp. BC
Fiscal Year End December 31
Industry (SIC) 3448 - Prefabricated Metal Buildings and Components (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,269,3207,775,290
Cash and cash equivalents2,269,3207,775,290
Receivables48,941 
Inventory, net of allowances, customer advances and progress billings  
Inventory  
Prepaid expense436,496214,445
Deferred costs 100,337 
Other undisclosed current assets61,509126,921
Total current assets:2,916,6038,116,656
Noncurrent Assets
Operating lease, right-of-use asset1,540,748 
Property, plant and equipment121,67240,971
Intangible assets, net (including goodwill)13,089,3771,477,237
Intangible assets, net (excluding goodwill)13,089,3771,477,237
Other undisclosed noncurrent assets4,178,4932,130,522
Total noncurrent assets:18,930,2903,648,730
TOTAL ASSETS:21,846,89311,765,386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,147,7391,532,312
Accounts payable498,188 
Accrued liabilities365,521500,000
Other undisclosed accounts payable and accrued liabilities284,0301,032,312
Deferred revenue  
Debt3,941,916 
Business combination, contingent consideration, liability  753,727
Other undisclosed current liabilities271,110 
Total current liabilities:5,360,7652,286,039
Noncurrent Liabilities
Long-term debt and lease obligation44,30047,326
Long-term debt, excluding current maturities44,30047,326
Liabilities, other than long-term debt5,899,17563,562
Deferred rent credit  12,954
Lease deposit liability  50,608
Operating lease, liability1,250,060 
Derivative instruments and hedges, liabilities4,649,115 
Other undisclosed noncurrent liabilities  1,368,356
Total noncurrent liabilities:5,943,4751,479,244
Total liabilities:11,304,2403,765,283
Equity
Equity, attributable to parent, including:10,542,6538,000,103
Common stock27,142,76225,637,543
Additional paid in capital16,816,6952,203,343
Accumulated other comprehensive loss(642,710)(33,086)
Accumulated deficit(32,774,094)(19,900,992)
Other undisclosed equity, attributable to parent 93,295
Total equity:10,542,6538,000,103
TOTAL LIABILITIES AND EQUITY:21,846,89311,765,386

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Operating expenses(2,330,562)(1,254,473)
Other undisclosed operating loss(11,325,706)(5,674,345)
Operating loss:(13,656,268)(6,928,818)
Nonoperating income365,902162,976
Gain, foreign currency transaction, before tax290,079162,976
Other nonoperating income75,823 
Interest and debt expense93,973 
Loss from continuing operations before equity method investments, income taxes:(13,196,393)(6,765,842)
Other undisclosed income from continuing operations before income taxes323,291122,726
Loss from continuing operations:(12,873,102)(6,643,116)
Loss before gain (loss) on sale of properties:(6,643,116)
Other undisclosed net loss  
Net loss:(12,873,102)(6,643,116)
Other undisclosed net income attributable to parent  
Net loss attributable to parent:(12,873,102)(6,643,116)
Other undisclosed net loss available to common stockholders, basic  (735,932)
Net loss available to common stockholders, diluted:(12,873,102)(7,379,048)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(12,873,102)(6,643,116)
Comprehensive loss:(12,873,102)(6,643,116)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(609,624) 
Comprehensive loss, net of tax, attributable to parent:(13,482,726)(6,643,116)

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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