Crumbs Bake Shop Inc (CRMB) financial statements (2022 and earlier)

Company profile

Business Address 110 WEST 40TH STREET, SUITE 2100
NEW YORK, NY 10018
State of Incorp. DE
Fiscal Year End December 31
SIC 205 - Bakery Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
9/30/2012
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3018931,6676,5732,8256,270156
Cash and cash equivalents3018931,6676,5732,8256,270156
Receivables290321453658513259360
Inventory, net of allowances, customer advances and progress billings363419416570577559612
Inventory363419416570577559612
Prepaid expense436 777724 
Deferred costs      11
Prepaid expense and other current assets1,0791,010947
Other current assets379424625663 
Total current assets:1,7692,0563,9389,1874,9948,0982,086
Noncurrent Assets
Property, plant and equipment12,60114,59817,61017,09015,05813,20913,617
Intangible assets, net (including goodwill)869846293298322367384
Intangible assets, net (excluding goodwill)869846293298322367384
Regulated entity, other noncurrent assets1,216837884909   
Deposits noncurrent assets236239268282292289283
Restricted cash and investments630673673673673673673
Other noncurrent assets  919 
Prepaid expense and other noncurrent assets664477340
Other undisclosed noncurrent assets6267548515,5914,7744,7744,816
Total noncurrent assets:16,17917,94820,58924,86321,78319,78920,113
TOTAL ASSETS:17,94820,00424,52634,04926,77727,88722,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,1653,7852,2562,7752,7092,0791,810
Employee-related liabilities8936511933762735759
Taxes payable14718220925163110119
Other undisclosed accounts payable and accrued liabilities2,9283,2391,9282,1862,0181,6121,632
Deferred revenue and credits2717     
Other undisclosed current liabilities480804551809907701346
Total current liabilities:3,6734,6072,8073,5843,6152,7812,156
Noncurrent Liabilities
Long-term debt and lease obligation13,18510,00010,00010,000   
Long-term debt, excluding current maturities13,18510,00010,00010,000   
Liabilities, other than long-term debt4,1434,3935,2097,2526,8416,5606,317
Deferred revenue and credits3,8704,0664,6094,3743,9633,7913,657
Due to related parties   2,3872,3872,3872,387
Derivative instruments and hedges, liabilities273327600491491382273
Total noncurrent liabilities:17,32814,39315,20917,2526,8416,5606,317
Total liabilities:21,00119,00018,01620,83610,4569,3408,473
Stockholders' equity
Stockholders' equity attributable to parent(4,490)(1,145)3,4289,02511,59513,4296,950
Preferred stock0000000
Common stock1111111
Treasury stock, value(15,914)(15,914)(15,914)(15,914)(15,914)(15,914)(15,914)
Additional paid in capital40,25639,80439,53539,44039,25839,11727,278
Accumulated deficit(28,833)(25,037)(20,195)(14,502)(11,751)(9,776)(4,415)
Stockholders' equity attributable to noncontrolling interest1,4372,1493,0824,1884,7265,1186,775
Total stockholders' equity:(3,053)1,0046,51013,21416,32118,54613,726
TOTAL LIABILITIES AND EQUITY:17,94820,00424,52634,04926,77727,88722,198

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

3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
9/30/2012
Q3
Revenues9,08411,35211,42112,35012,08014,1409,895
Revenue, net9,084      
Cost of revenue(4,047)(5,349)(5,350)(5,651)(5,357)(6,865)(4,445)
Gross profit:5,0376,0036,0716,6996,7237,2755,450
Operating expenses(9,943)(11,884)(10,123)(9,913)(8,972)(15,843)(7,526)
Operating loss:(4,906)(5,881)(4,052)(3,214)(2,249)(8,569)(2,076)
Nonoperating income (expense)398105(360)(75)(117)(2,252)207
Investment income, nonoperating98275(81)5(107)(2,160)274
Interest and debt expense(208)(162)(165)(75)   
Loss from continuing operations before equity method investments, income taxes:(4,717)(5,938)(4,577)(3,364)(2,366)(10,821)(1,869)
Other undisclosed income from continuing operations before income taxes 162165    
Loss from continuing operations before income taxes:(4,717)(5,775)(4,412)(3,364)(2,366)(10,821)(1,869)
Income tax expense (benefit)  (2,387)  187
Loss before gain (loss) on sale of properties:(4,717)(5,775)(6,799)(3,364)(2,366)(10,803)(1,862)
Other undisclosed net income208  75   
Net loss:(4,508)(5,775)(6,799)(3,289)(2,366)(10,803)(1,862)
Net income attributable to noncontrolling interest7129331,1065373922,841749
Net loss available to common stockholders, diluted:(3,796)(4,842)(5,693)(2,751)(1,975)(7,963)(1,112)

Comprehensive Income ($ in thousands)

3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
9/30/2012
Q3
Net loss:(4,508)(5,775)(6,799)(3,289)(2,366)(10,803)(1,862)
Comprehensive loss:(4,508)(5,775)(6,799)(3,289)(2,366)(10,803)(1,862)
Comprehensive loss, net of tax, attributable to noncontrolling interest(712)(933)(1,106)(537)(392)(2,841)(749)
Comprehensive loss, net of tax, attributable to parent:(5,221)(6,709)(7,905)(3,826)(2,758)(13,644)(2,611)

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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