Barfresh Food Group Inc. (BRFH) financial statements (2022 and earlier)

Company profile

Business Address 3600 WILSHIRE SUITE 1720
LOS ANGELES, CA 90005
State of Incorp. DE
Fiscal Year End December 31
SIC 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,5331,8171,0001,0421,3059,1815,365
Cash and cash equivalents5,5331,8171,0001,0421,3059,1815,365
Restricted cash and investments14214291    
Receivables1,22242528535730113146
Inventory, net of allowances, customer advances and progress billings7058706351,2261,415318166
Inventory7058706351,2261,415318166
Other undisclosed current assets6447189824266
Total current assets:7,6673,3022,0282,7243,0469,6565,583
Noncurrent Assets
Operating lease, right-of-use asset87148203
Property, plant and equipment1,5881,9232,4062,5001,7611,494545
Intangible assets, net (including goodwill)370430480538587620651
Intangible assets, net (excluding goodwill)370430480538587620651
Deposits noncurrent assets7158 395316
Total noncurrent assets:2,0522,5163,0973,0382,3872,1681,213
TOTAL ASSETS:9,7195,8175,1265,7625,43311,8236,796
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4151,0281,6752,0711,271900558
Accounts payable9743536251,102421154133
Accrued liabilities228298250175850746424
Employee-related liabilities212308311794   
Interest and dividends payable 69488    
Debt  207  4547
Derivative instruments and hedges, liabilities 41     
Due to related parties      157
Deferred revenue and credits001
Other undisclosed current liabilities811,035    325
Total current liabilities:1,4962,1051,8822,0711,2719041,589
Noncurrent Liabilities
Long-term debt and lease obligation141,0631,5671,367 929
Long-term debt, excluding current maturities 9691,4081,367 929
Operating lease, liability1494159
Liabilities, other than long-term debt 1981,3932,167   
Due to related parties 1981,182842   
Derivative instruments and hedges, liabilities  2111,326   
Other undisclosed noncurrent liabilities20128 190   
Total noncurrent liabilities:471,3882,9603,725 929
Total liabilities:1,5443,4934,8425,7971,2719131,618
Stockholders' equity
Stockholders' equity attributable to parent, including:8,1762,324284(35)4,16210,9105,179
Common stock0000000
Additional paid in capital60,34153,22447,03141,11937,99335,83014,035
Deferred compensation equity   (603)   
Accumulated deficit(52,165)(50,900)(46,747)(41,154)(33,831)(24,919)(8,809)
Other undisclosed stockholders' equity attributable to parent   603  (47)
Total stockholders' equity:8,1762,324284(35)4,16210,9105,179
TOTAL LIABILITIES AND EQUITY:9,7195,8175,1265,7625,43311,8236,796

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
Revenues6,7002,5684,3074,2351,9971,457211
Revenue, net1,9971,457211
Cost of revenue(4,175)(1,785)(1,928)(2,033)(1,086)(773)(127)
Cost of goods and services sold(639)(19)(65)(57)   
Other undisclosed gross profit(18)(19)(65)(57)   
Gross profit:2,5077642,3132,14591168585
Operating expenses(4,601)(4,973)(7,500)(8,325)(9,823)(10,625)(3,346)
Operating loss:(2,094)(4,209)(5,187)(6,180)(8,912)(9,940)(3,261)
Nonoperating income829574061,143   
Interest and debt expense(194)379(1,213)(765) (22)(517)
Loss from continuing operations before income taxes:(1,459)(3,773)(5,994)(5,802)(8,912)(9,962)(3,778)
Income tax benefit      1,114
Net loss:(1,459)(3,773)(5,994)(5,802)(8,912)(9,962)(2,664)
Other undisclosed net income (loss) attributable to parent194(379)401(1,521) (229)(1,114)
Net loss available to common stockholders, diluted:(1,265)(4,153)(5,593)(7,323)(8,912)(10,191)(3,778)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
3/31/2015
Net loss:(1,459)(3,773)(5,994)(5,802)(8,912)(9,962)(2,664)
Comprehensive loss, net of tax, attributable to parent:(1,459)(3,773)(5,994)(5,802)(8,912)(9,962)(2,664)

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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