Creatd, Inc. (CRTDW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
419 LAFAYETTE STREET, 6TH FLOOR NEW YORK, NY 10003 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7819 - Services Allied to Motion Picture Production (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 investments | 706 | 3,795 | 7,907 | 12 | 111 | ||||
| Cash and cash equivalents | 706 | 3,795 | 7,907 | 12 | 111 | ||||
| Receivables | 239 | 337 | 90 | 62 | 7 | 1 | |||
| Inventory, net of allowances, customer advances and progress billings | 405 | 106 | |||||||
| Inventory | 405 | 106 | |||||||
| Prepaid expense | 24 | 4 | |||||||
| Other undisclosed current assets | 129 | 237 | 63 | 106 | |||||
| Total current assets: | 1,479 | 4,475 | 8,084 | 184 | 7 | 112 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,054 | 18 | 239 | 206 | ✕ | ✕ | |||
| Property, plant and equipment | 213 | 103 | 56 | 42 | 42 | 48 | |||
| Intangible assets, net (including goodwill) | 277 | 3,808 | 1,996 | 2,123 | |||||
| Goodwill | 46 | 1,375 | 1,036 | 1,036 | |||||
| Intangible assets, net (excluding goodwill) | 230 | 2,433 | 961 | 1,087 | |||||
| Deposits noncurrent assets | 797 | 719 | 192 | 17 | 17 | 17 | |||
| Other undisclosed noncurrent assets | 50 | 217 | 143 | ||||||
| Total noncurrent assets: | 3,341 | 4,698 | 2,701 | 2,388 | 202 | 65 | |||
| TOTAL ASSETS: | 4,820 | 9,173 | 10,784 | 2,572 | 209 | 177 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 7,566 | 3,731 | 2,639 | 1,763 | 1,246 | 1,462 | |||
| Accrued liabilities | 472 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | 7,566 | 3,731 | 2,639 | 1,763 | 1,246 | 990 | |||
| Deferred revenue | 299 | 234 | 89 | 51 | ✕ | ✕ | |||
| Debt | 7,015 | 1,438 | 2,119 | 3,662 | 50 | 836 | |||
| Deferred rent credit | 8 | ✕ | |||||||
| Derivative instruments and hedges, liabilities | 42 | ||||||||
| Other liabilities | |||||||||
| Due to related parties | ✕ | 1,223 | 1,249 | ||||||
| Other undisclosed current liabilities | 327 | 18 | 80 | 5,453 | 43 | 613 | |||
| Total current liabilities: | 15,207 | 5,421 | 4,968 | 10,929 | 2,570 | 4,160 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 38 | 16 | 0 | 11 | |||||
| Long-term debt, excluding current maturities | 38 | 16 | 0 | 11 | |||||
| Liabilities, other than long-term debt | 2,078 | 6 | |||||||
| Deferred rent credit | 6 | ✕ | |||||||
| Operating lease, liability | 2,078 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 48 | 371 | 202 | 123 | 3,847 | ||||
| Total noncurrent liabilities: | 2,116 | 64 | 371 | 202 | 130 | 3,858 | |||
| Total liabilities: | 17,323 | 5,485 | 5,339 | 11,131 | 2,700 | 8,017 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (11,751) | 1,807 | 5,445 | (8,559) | (2,491) | (7,840) | |||
| Preferred stock | 0 | ||||||||
| Common stock | 39 | 17 | 9 | 9 | 130 | 40 | |||
| Treasury stock, value | (78) | (62) | (62) | (367) | (52) | (19) | |||
| Additional paid in capital | 134,571 | 111,564 | 77,505 | 36,386 | 33,977 | 14,387 | |||
| Accumulated other comprehensive income (loss) | (140) | (78) | (37) | (6) | |||||
| Accumulated deficit | (146,142) | (109,633) | (71,929) | (44,580) | (36,545) | (22,248) | |||
| Other undisclosed equity, attributable to parent | (40) | (0) | 0 | ||||||
| Equity, attributable to noncontrolling interest | (752) | 1,881 | |||||||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | (12,503) | 3,688 | 5,445 | (8,559) | (2,491) | (7,840) | |||
| TOTAL LIABILITIES AND EQUITY: | 4,820 | 9,173 | 10,784 | 2,572 | 209 | 177 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,796 | 4,300 | 1,213 | 453 | 81 | 96 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 96 | |
| Other income | 292 | |||||||
| Cost of revenue | (6,109) | (5,300) | ||||||
| Gross profit: | (1,313) | (1,000) | 1,213 | 453 | 81 | 96 | ||
| Operating expenses | (27,718) | (32,368) | (17,496) | (7,670) | (5,767) | (5,658) | ||
| Operating loss: | (29,031) | (33,369) | (16,283) | (7,217) | (5,686) | (5,562) | ||
| Nonoperating income (expense) | 2,008 | (4,010) | (7,929) | (818) | (6,327) | (3,189) | ||
| Debt instrument, convertible, beneficial conversion feature | 2,008 | |||||||
| Other nonoperating income (expense) | (4,010) | 512 | (3,189) | |||||
| Interest and debt expense | (1,654) | 653 | (5,586) | (163) | (3,453) | (907) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 5,586 | 163 | 3,453 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (28,676) | (36,726) | (24,213) | (8,035) | (12,014) | (9,658) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (7,000) | 907 | ||||||
| Loss from continuing operations before income taxes: | (35,676) | (36,726) | (24,213) | (8,035) | (12,014) | (8,752) | ||
| Income tax expense | (37,379) | |||||||
| Loss from continuing operations: | (35,676) | (74,105) | (24,213) | (8,035) | (12,014) | (8,752) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (74,477) | (24,213) | (8,035) | (12,014) | (8,752) | |
| Loss from discontinued operations | (372) | |||||||
| Other undisclosed net income | 37,098 | 48,413 | ||||||
| Net income (loss): | (35,676) | (37,379) | 24,200 | (8,035) | (12,014) | (8,752) | ||
| Net income attributable to noncontrolling interest | 3,383 | |||||||
| Other undisclosed net loss attributable to parent | (48,413) | |||||||
| Net loss attributable to parent: | (32,293) | (37,379) | (24,213) | (8,035) | (12,014) | (8,752) | ||
| Preferred stock dividends and other adjustments | ||||||||
| Other undisclosed net loss available to common stockholders, basic | (4,217) | (324) | (3,136) | (2,191) | ||||
| Net loss available to common stockholders, basic: | (36,510) | (37,704) | (27,348) | (8,035) | (14,204) | (8,752) | ||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net loss available to common stockholders, diluted: | (36,510) | (37,704) | (27,348) | (8,035) | (14,204) | (8,752) | ||
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 income (loss): | (35,676) | (37,379) | 24,200 | (8,035) | (12,014) | (8,752) | ||
| Comprehensive income (loss): | (35,676) | (37,379) | 24,200 | (8,035) | (12,014) | (8,752) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (62) | (48,444) | (6) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (35,738) | (37,379) | (24,244) | (8,041) | (12,014) | (8,752) | ||
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.