Fuse Science Inc (DROP) financial statements (2021 and earlier)

Company profile

Business Address 5510 MERRICK RD.
MASSAPEQUA, NY 11758
State of Incorp. NV
Fiscal Year End September 30
SIC 2835 - In Vitro and In Vivo Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2015
Q3
3/31/2015
Q2
12/31/2014
Q1
9/30/2014
Q4
6/30/2014
Q3
3/31/2014
Q2
12/31/2013
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0010000
Cash and cash equivalents0010000
Short-term investments0      
Receivables 00  00
Inventory, net of allowances, customer advances and progress billings    011
Inventory    011
Other undisclosed current assets0000000
Total current assets:0010012
Noncurrent Assets
Property, plant and equipment0000000
Intangible assets, net (including goodwill)000  00
Intangible assets, net (excluding goodwill)000  00
Other undisclosed noncurrent assets(0)(0)     
Total noncurrent assets:0000000
TOTAL ASSETS:0010022
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1111222
Accounts payable1111222
Accrued liabilities000 000
Debt   0111
Derivative instruments and hedges, liabilities     20
Other undisclosed current liabilities    0(2)(0)
Total current liabilities:1111333
Noncurrent Liabilities
Long-term debt and lease obligation    11 
Long-term debt, excluding current maturities    11 
Liabilities, other than long-term debt001112 
Derivative instruments and hedges, liabilities001112 
Other undisclosed noncurrent liabilities    (1)(1)0
Total noncurrent liabilities:0011120
Total liabilities:1122453
Stockholders' equity
Stockholders' equity attributable to parent, including:(12)(11)(11)(2)(3)(4)(1)
Common stock0000000
Additional paid in capital65656550504948
Accumulated other comprehensive loss(0)(0)     
Accumulated deficit(77)(77)(77)(52)(53)(53)(49)
Other undisclosed stockholders' equity attributable to parent000    
Stockholders' equity attributable to noncontrolling interest101010(0)(0)(0)(0)
Total stockholders' equity:(1)(1)(1)(2)(3)(4)(1)
TOTAL LIABILITIES AND EQUITY:0010022

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

6/30/2015
Q3
3/31/2015
Q2
12/31/2014
Q1
9/30/2014
Q4
6/30/2014
Q3
3/31/2014
Q2
12/31/2013
Q1
Revenues0000000
Revenue, net   0000
Other operating income000    
Cost of revenue   1(1)(0)(0)
Cost of goods and services sold    (1)(0)(0)
Other undisclosed gross profit   (1)   
Gross profit:0000(1)00
Operating expenses(0)(0)(47)(0)(1)(1)(2)
Other undisclosed operating income (loss)(0)022(0)   
Operating income (loss):(1)0(25)(0)(2)(1)(2)
Nonoperating income (expense)(0)0112(2)(3)
Investment income, nonoperating(0)11    
Other nonoperating expense(0)(0)     
Interest and debt expense(0)(0)(0)0(0)(0)(0)
Income (loss) from continuing operations before income taxes:(1)0(24)1(1)(3)(5)
Other undisclosed loss from continuing operations   (3)   
Income (loss) before gain (loss) on sale of properties:(1)0(24)(1)(1)(3)(5)
Other undisclosed net income (loss)  (0)2000
Net income (loss):(1)0(25)1(0)(3)(5)
Net income attributable to noncontrolling interest000    
Other undisclosed net income (loss) attributable to parent1(0)(0)(0)   
Net income (loss) attributable to parent:(0)0(24)0(0)(3)(5)
Preferred stock dividends and other adjustments(0) (0)    
Net income (loss) available to common stockholders, diluted:(0)0(25)0(0)(3)(5)

Comprehensive Income ($ in millions)

6/30/2015
Q3
3/31/2015
Q2
12/31/2014
Q1
9/30/2014
Q4
6/30/2014
Q3
3/31/2014
Q2
12/31/2013
Q1
Net income (loss):(1)0(25)1(0)(3)(5)
Other comprehensive income  0    
Comprehensive income (loss):(1)0(25)1(0)(3)(5)
Comprehensive income, net of tax, attributable to noncontrolling interest000    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(0)     
Comprehensive income (loss), net of tax, attributable to parent:(1)0(24)1(0)(3)(5)

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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