COLORSTARS GROUP (CSTU) financial statements (2020 and earlier)

Company profile

Business Address 515 N SMITH AVE
CORUNA, CA 92880
State of Incorp. NV
Fiscal Year End December 31
SIC 364 - Electric Lighting And Wiring Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8151718164196368
Cash and cash equivalents8151718164196368
Receivables(146)(146)(147)(148)(149)(149)(156)
Inventory, net of allowances, customer advances and progress billings(765)(766)(769)(776)(779)(779)(818)
Inventory(765)(766)(769)(776)(779)(779)(818)
Other undisclosed current assets914915919928931931977
Total current assets:11182021167199371
Noncurrent Assets
Operating lease, right-of-use asset506271
Property, plant and equipment40404142343436
Other noncurrent assets  119921
Total noncurrent assets:9010211343434357
TOTAL ASSETS:10112013364210242428
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities106726702122
Accounts payable40121651617
Accrued liabilities6666455
Debt4646     
Due to related parties390358295269266266380
Other liabilities0000000
Total current liabilities:446410302296336287402
Noncurrent Liabilities
Long-term debt and lease obligation41571    
Operating lease, liability41571
Total noncurrent liabilities:41571    
Total liabilities:450426373296336287402
Stockholders' equity
Stockholders' equity attributable to parent(349)(306)(240)(232)(126)(45)26
Common stock102102102102102102102
Additional paid in capital4,1584,1584,1584,1584,1584,1584,158
Accumulated other comprehensive income151150149147146147138
Accumulated deficit(4,759)(4,716)(4,649)(4,639)(4,532)(4,452)(4,371)
Total stockholders' equity:(349)(306)(240)(232)(126)(45)26
TOTAL LIABILITIES AND EQUITY:10112013364210242428

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues  72  1
Cost of revenue
(Cost of Goods and Services Sold)
   0  (1)
Gross profit:  72  1
Operating expenses(43)(66)(32)(109)(81)(80)(53)
Operating loss:(43)(66)(25)(107)(81)(80)(52)
Nonoperating income (expense)(0)(0)(0)0 (0)(4)
Foreign currency transaction loss, before tax(0)(0)(0)  (0)(4)
Interest and debt expense (0) 0 0(11)
Loss from continuing operations before equity method investments, income taxes:(43)(66)(25)(107)(81)(80)(67)
Other undisclosed income from continuing operations before income taxes 015    
Loss from continuing operations before income taxes:(43)(66)(10)(107)(81)(80)(67)
Income tax expense (1)   (1) 
Net loss available to common stockholders, diluted:(43)(67)(10)(107)(81)(80)(67)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net loss:(43)(67)(10)(107)(81)(80)(67)
Comprehensive loss:(43)(67)(10)(107)(81)(80)(67)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0121(1)10(2)
Comprehensive loss, net of tax, attributable to parent:(43)(66)(8)(106)(82)(71)(70)

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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