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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12311331041
Cash and cash equivalents12311331041
Receivables382451218 
Inventory, net of allowances, customer advances and progress billings    22 
Inventory    22 
Prepaid expense 012177 
Asset, held-in-trust   266   
Disposal group, including discontinued operation  230    
Total current assets:502583211721211
Noncurrent Assets
Property, plant and equipment707886102109116
Intangible assets, net (including goodwill)402402414414414414
Goodwill302302302302302302
Intangible assets, net (excluding goodwill)100100112112112112
Other undisclosed noncurrent assets   (7)   
Total noncurrent assets:472480494516523530
TOTAL ASSETS:522738815688644531
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:787878787878
Interest and dividends payable389794
Accounts payable7189105887070
Accrued liabilities14451214
Other undisclosed accounts payable and accrued liabilities6(15)(31)(53)(100)(100)
Debt2929295852919
Derivative instruments and hedges, liabilities4,3782,8712,8381,0822,1832,197
Disposal group, including discontinued operation  207200   
Due to related parties 410 1
Other undisclosed current liabilities1,4611,4501,5451881,3231,756
Total current liabilities:5,9464,6344,6902,3433,6144,051
Noncurrent Liabilities
Total liabilities:5,9464,6344,6902,3433,6144,051
Equity
Equity, attributable to parent(5,424)(3,896)(3,875)(1,654)(2,970)(3,520)
Preferred stock000   
Common stock67962233927010528
Additional paid in capital2,0512,0992,1702,0941,4268,849
Accumulated deficit(8,154)(6,617)(6,385)(4,018)(4,501)(12,398)
Total equity:(5,424)(3,896)(3,875)(1,654)(2,970)(3,520)
TOTAL LIABILITIES AND EQUITY:522738815688644531

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues222156163207113204
Gain (loss) on disposition of assets for financial service operations  (32) 1,1022,7881,024
Cost of revenue
(Cost of Goods and Services Sold)
(163)(130)(137)(169)(82)(203)
Gross profit:59262638311
Operating expenses(11)(82)(81)(135)(82)(89)
Operating income (loss):48(55)(55)(98)(51)(88)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,424)(141)(2,251)5811,906897
Interest and debt expense(2)(60)(81)(367)(701)(99)
Income (loss) from continuing operations:(1,378)(257)(2,387)1161,154710
Income before gain (loss) on sale of properties:1161,154710
Loss from discontinued operations (162)(35)    
Other undisclosed net income (loss)  52320  (1,519)
Net income (loss):(1,540)231(2,367)1161,154(809)
Net loss attributable to noncontrolling interest      (25)
Other undisclosed net income (loss) attributable to parent2(463) 3677011,642
Net income (loss) available to common stockholders, diluted:(1,538)(231)(2,367)4831,855809

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(1,540)231(2,367)1161,154(809)
Comprehensive income (loss):(1,540)231(2,367)1161,154(809)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (25)
Comprehensive income (loss), net of tax, attributable to parent:(1,540)231(2,367)1161,154(833)

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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