Accredited Solutions, Inc. (ASII) Financial Statements (2024 and earlier)

Company Profile

Business Address 9980 SOUTH 300 WEST, SUITE 200
SANDY, UT 84070
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
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 investments1152148  
Cash and cash equivalents1152148  
Receivables51465   
Prepaid expense 2 10   
Asset, held-in-trust 266     
Other undisclosed current assets   164271  
Total current assets:32161199320  
Noncurrent Assets
Property, plant and equipment86123    
Intangible assets, net (including goodwill)4144141212  
Goodwill302302    
Intangible assets, net (excluding goodwill)1121121212  
Other undisclosed noncurrent assets (7) 1,799   
Total noncurrent assets:4945371,81112  
TOTAL ASSETS:8155992,010332  
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7878554810165
Interest and dividends payable663529  
Accounts payable10579191910109
Accrued liabilities49   56
Other undisclosed accounts payable and accrued liabilities(31)(76)    
Debt29191962 46
Derivative instruments and hedges, liabilities2,8383,2211,5262,026 290
Disposal group, including discontinued operation 200     
Due to related parties  8357210039
Other undisclosed current liabilities1,5451,797733(319)  
Total current liabilities:4,6905,1152,4152,389110539
Noncurrent Liabilities
Total liabilities:4,6905,1152,4152,389110539
Equity
Equity, attributable to parent, including:(3,875)(4,492)(405)(2,057)(110)(539)
Preferred stock0 0   
Common stock33924222143143
Additional paid in capital2,1708,6667,9624,8694,9475,399
Accumulated deficit(6,385)(13,181)(8,390)(6,928)(5,230)(6,062)
Other undisclosed equity, attributable to parent     30(20)
Equity, attributable to noncontrolling interest  (25)   (20)
Total equity:(3,875)(4,516)(405)(2,057)(110)(559)
TOTAL LIABILITIES AND EQUITY:8155992,010332 (20)

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4831,2224161,201  
Gain (loss) on disposition of assets for financial service operations   1,201 
Cost of revenue
(Cost of Goods and Services Sold)
(388)(1,122)(343)   
Other undisclosed gross profit    (1,161)  
Gross profit:951007340  
Operating expenses(301)(2,358)(1,507)(194)(101)(1)
Operating loss:(206)(2,258)(1,434)(154)(101)(1)
Nonoperating income (expense)236(2,551)(28)(1,543)  
Other nonoperating income (expense)236(2,484)(28)(1,543)  
Interest and debt expense(1,149)(262)(68)342  
Loss from continuing operations:(1,120)(5,071)(1,530)(1,356)(101)(1)
Loss before gain (loss) on sale of properties:(5,145)(1,530)(1,356)(101)(170)
Loss from discontinued operations(61)(74)   (169)
Other undisclosed net income (loss)1,14932868(342)  
Net loss:(32)(4,816)(1,462)(1,698)(101)(170)
Net income attributable to noncontrolling interest  25    
Other undisclosed net loss attributable to parent      
Net loss available to common stockholders, diluted:(32)(4,792)(1,462)(1,698)(101)(170)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(32)(4,816)(1,462)(1,698)(101)(170)
Comprehensive loss:(32)(4,816)(1,462)(1,698)(101)(170)
Comprehensive income, net of tax, attributable to noncontrolling interest  25    
Comprehensive loss, net of tax, attributable to parent:(32)(4,792)(1,462)(1,698)(101)(170)

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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