Driven Deliveries, Inc. (DRVD) Financial Statements (2024 and earlier)

Company Profile

Business Address 134 PENN STREET
EL SEGUNDO, CA 90245
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 8742 - Management Consulting Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
12/31/2018
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1243642673543555
Cash and cash equivalents1243642673543555
Receivables7171474600
Inventory, net of allowances, customer advances and progress billings858718150247186 
Inventory858718150247186 
Other current assets 24    
Other undisclosed current assets  207207163154 
Total current assets:1,0551,3631,0987706956
Noncurrent Assets
Operating lease, right-of-use asset602658116166187
Property, plant and equipment626882747724
Intangible assets, net (including goodwill)14,05014,4364,6226,448  
Goodwill1,8211,661 3,015  
Intangible assets, net (excluding goodwill)12,22912,7754,6223,433  
Prepaid expense6  206  
Deposits noncurrent assets1919161444
Other undisclosed noncurrent assets  1,27203,015 
Total noncurrent assets:14,91115,2536,1536,8983,28328
TOTAL ASSETS:15,96616,6167,2517,6683,97834
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,6264,1241,7011,269727219
Settlement liabilities342311352   
Taxes payable783783784169  
Accounts payable3,158     
Accrued liabilities2,343     
Other undisclosed accounts payable and accrued liabilities  3,0305641,100727219
Debt2,3182,4871,057219152 
Deferred rent credit      5
Derivative instruments and hedges, liabilities   27   
Business combination, contingent consideration, liability2,3072,2039082,0161,319 
Due to related parties174140 582712
Other undisclosed current liabilities1,1381,6521,416750 150
Total current liabilities:12,56310,6075,1094,3122,225386
Noncurrent Liabilities
Long-term debt and lease obligation:33736376166198 
Liabilities, other than long-term debt   4431,399779 
Operating lease, liability33736376166198
Business combination, contingent consideration, liability   4431,399779 
Other undisclosed noncurrent liabilities(115)443    
Total noncurrent liabilities:5598055191,565977 
Total liabilities:13,12211,4125,6285,8773,202386
Equity
Equity, attributable to parent2,8445,2042,1501,791776(352)
Common stock754454
Additional paid in capital25,41824,01717,38813,6505,9752,425
Accumulated deficit(22,580)(18,819)(15,242)(11,863)(5,204)(2,681)
Stockholders' equity note, subscriptions receivable      (100)
Equity, attributable to noncontrolling interest   (528)   
Total equity:2,8445,2041,6221,791776(352)
TOTAL LIABILITIES AND EQUITY:15,96616,6167,2517,6683,97834

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
12/31/2018
Q4
Revenues5,6722,1951,7241,06553(98)
Other income    14813 
Cost of revenue(5,746)(1,704)(1,246)(556)(48)79
Cost of goods and services sold(5,746)(1,704)(1,246)(556)(48) 
Other cost of operating revenue      
Other undisclosed gross profit   (161)14813 
Gross profit:(74)49131765717(18)
Operating expenses(3,050)(3,077)(4,130)(6,832)(1,588)(2,009)
Operating loss:(3,124)(2,586)(3,813)(6,175)(1,570)(2,027)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(638)(1,120)2,890(315)1 
Interest and debt expense(12)(43) 2422
Loss from continuing operations before equity method investments, income taxes:(3,773)(3,749)(923)(6,466)(1,567)(2,025)
Other undisclosed income (loss) from continuing operations before income taxes1243(2,911)(24)(2)(4)
Loss from continuing operations before income taxes:(3,762)(3,705)(3,834)(6,490)(1,569)(2,030)
Income tax expense   (72)(169)  
Other undisclosed income from continuing operations   12,561   
Income (loss) from continuing operations:(3,762)(3,705)8,655(6,659)(1,569)(2,030)
Income (loss) before gain (loss) on sale of properties:(3,762)(3,705)8,655(6,659)(1,569)(2,030)
Other undisclosed net loss   (12,561)   
Net loss:(3,762)(3,705)(3,906)(6,659)(1,569)(2,030)
Net income attributable to noncontrolling interest  129    
Net loss available to common stockholders, diluted:(3,762)(3,577)(3,906)(6,659)(1,569)(2,030)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
12/31/2018
Q4
Net loss:(3,762)(3,705)(3,906)(6,659)(1,569)(2,030)
Comprehensive loss:(3,762)(3,705)(3,906)(6,659)(1,569)(2,030)
Comprehensive income, net of tax, attributable to noncontrolling interest  129    
Other undisclosed comprehensive income, net of tax, attributable to parent   12,561   
Comprehensive income (loss), net of tax, attributable to parent:(3,762)(3,577)8,655(6,659)(1,569)(2,030)

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.

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