Acquired Sales Corp (AQSP) financial statements (2021 and earlier)

Company profile

Business Address 4227 HABANA AVENUE
JACKSONVILLE, FL 32217
State of Incorp. NV
Fiscal Year End December 31
SIC 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4391575118234,3854,3594,341
Cash and cash equivalents4391575118234,3854,3594,341
Receivables1,7091142   
Inventory, net of allowances, customer advances and progress billings641655500262   
Inventory641655500262   
Prepaid expense455172421012
Intangible current assets3344   
Other undisclosed current assets17726513527200  
Total current assets:3,2651,5581,5311,7014,5954,3594,343
Noncurrent Assets
Operating lease, right-of-use asset8121722   
Inventory, real estate200      
Property, plant and equipment13510710794   
Intangible assets, net (including goodwill)22,29122,29222,29322,293   
Goodwill22,29322,29322,29322,293   
Intangible assets, net (excluding goodwill)(1)(1)     
Other undisclosed noncurrent assets1,9281,9021,9021,9021,8962,1961,896
Total noncurrent assets:24,56224,31424,31824,3101,8962,1961,896
TOTAL ASSETS:27,82725,87225,84926,0116,4916,5566,239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6392263031353810267
Accounts payable    38722
Accrued liabilities1      
Employee-related liabilities350350350    
Interest and dividends payable6445268 9545
Other undisclosed accounts payable and accrued liabilities224(169)(73)128   
Deferred revenue1,096837943   
Debt   18   
Due to related parties   1  19
Other undisclosed current liabilities5735074524571512 
Total current liabilities:2,30981583465518910486
Noncurrent Liabilities
Long-term debt and lease obligation1501501503   
Long-term debt, excluding current maturities150150150    
Operating lease, liability   3   
Liabilities, other than long-term debt3,7503,7503,7503,750   
Due to related parties3,7503,7503,7503,750   
Total noncurrent liabilities:3,9003,9003,9003,753   
Total liabilities:6,2084,7154,7344,40818910486
Stockholders' equity
Stockholders' equity attributable to parent21,61921,15721,11521,6036,3016,4516,153
Preferred stock0000000
Common stock6667333
Treasury stock, value(34)      
Additional paid in capital38,78738,78738,78738,78721,69121,63921,142
Accumulated deficit(17,141)(17,637)(17,679)(17,191)(15,393)(15,191)(14,992)
Total stockholders' equity:21,61921,15721,11521,6036,3016,4516,153
TOTAL LIABILITIES AND EQUITY:27,82725,87225,84926,0116,4916,5566,239

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues2,1971,5091,268370   
Cost of revenue(1,313)(878)(1,018)(198)   
Gross profit:884631250172   
Operating expenses(249)(422)(311)(111)(44)(62)(45)
Other undisclosed operating loss(159)(96)(287)(1,820)(116)(90)(858)
Operating income (loss):476114(349)(1,759)(161)(152)(902)
Nonoperating income (expense)74(17)161256
Investment income, nonoperating 116   
Other nonoperating income (expense)74(18)  1256
Interest and debt expense58(19)(19)(8)   
Income (loss) before gain (loss) on sale of properties:60877(367)(1,761)(148)(146)(897)
Other undisclosed net income (loss) 18(52)    
Net income (loss):60896(419)(1,761)(148)(146)(897)
Other undisclosed net loss attributable to parent(58)      
Net income (loss) available to common stockholders, diluted:55096(419)(1,761)(148)(146)(897)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):60896(419)(1,761)(148)(146)(897)
Comprehensive income (loss), net of tax, attributable to parent:60896(419)(1,761)(148)(146)(897)

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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