Confederate Motors Inc (CFED) financial statements (2021 and earlier)

Company profile

Business Address 3029 2ND AVENUE SOUTH
BIRMINGHAM, AL 35233
State of Incorp. DE
Fiscal Year End December 31
SIC 3751 - Motorcycles, Bicycles, and Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments116128209291148
Cash and cash equivalents116128209291148
Receivables644 16491
Inventory, net of allowances, customer advances and progress billings347567663647712677
Inventory347567663647712677
Prepaid expense121065534
Other undisclosed current assets11847232204251(216)
Total current assets:6008539249481,0721,103
Noncurrent Assets
Property, plant and equipment1587176383839
Total noncurrent assets:1587176383839
TOTAL ASSETS:7589231,0009861,1101,142
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities387425439487568449
Accounts payable167185186241281157
Accrued liabilities604525   
Employee-related liabilities707578788085
Interest and dividends payable   888
Settlement liabilities90120150160200200
Debt1212 38  
Due to related parties38383838  
Deferred revenue and credits713714714652553689
Other undisclosed current liabilities557536512484546563
Total current liabilities:1,7061,7231,7031,6981,6681,701
Noncurrent Liabilities
Long-term debt and lease obligation2427    
Long-term debt, excluding current maturities2427    
Other undisclosed noncurrent liabilities(0) 41   
Total noncurrent liabilities:242741   
Total liabilities:1,7301,7501,7441,6981,6681,701
Stockholders' equity
Stockholders' equity attributable to parent, including:(972)(826)(744)(712)(558)(559)
Common stock292926261817
Treasury stock, value(314)(314)(314)(314)(314)(314)
Common stock, share subscribed but unissued, subscriptions receivable  (113)(113)(363)(363)
Common stock, value, subscriptions  5005251,0001,100
Additional paid in capital12,29612,29611,86211,78710,44910,350
Accumulated deficit(12,984)(12,838)(12,705)(12,623)(11,347)(11,348)
Other undisclosed stockholders' equity attributable to parent  0   
Other undisclosed stockholders' equity0     
Total stockholders' equity:(972)(826)(744)(712)(558)(559)
TOTAL LIABILITIES AND EQUITY:7589231,0009861,1101,142

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
Revenues
(Revenue, Net)
475512514566804589
Cost of revenue
(Cost of Goods and Services Sold)
(310)(331)(320)(517)(493)(307)
Gross profit:16518119449311282
Operating expenses(318)(314)(281)(1,201)(312)(360)
Operating loss:(153)(133)(87)(1,152)(1)(78)
Nonoperating income (expense)705(124)249
Other nonoperating income (expense)705(0)249
Interest and debt expense(0)0 (1)00
Net income (loss):(146)(133)(82)(1,276)1(28)
Other undisclosed net income (loss) attributable to parent0(0) 1(0)(0)
Net income (loss) available to common stockholders, diluted:(146)(133)(82)(1,275)1(29)

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
Net income (loss):(146)(133)(82)(1,276)1(28)
Comprehensive income (loss), net of tax, attributable to parent:(146)(133)(82)(1,276)1(28)

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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