Fastfunds Financial Corp (FFFC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11100 WAYZATA BLVD MINNETONKA, MN 55305 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6141 - Personal Credit Institutions (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9 | 38 | 13 | 3 | |||||
| Cash and cash equivalents | 9 | 38 | 13 | 3 | |||||
| Receivables | 106 | 107 | 162 | 232 | |||||
| Prepaid expense | 30 | 36 | 38 | ||||||
| Other current assets | 0 | 0 | 0 | 0 | |||||
| Other undisclosed current assets | 11 | 20 | 5 | 9 | |||||
| Total current assets: | 126 | 195 | 217 | 282 | |||||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | 90 | 90 | 90 | 90 | |||||
| Long-term investments | 90 | 90 | 90 | 90 | |||||
| Intangible assets, net (including goodwill) | 98 | 98 | 98 | 98 | 98 | 98 | |||
| Intangible assets, net (excluding goodwill) | 98 | 98 | 98 | 98 | 98 | 98 | |||
| Regulated entity, other noncurrent assets | 26 | 1 | 1 | 1 | |||||
| Other noncurrent assets | 28 | 3 | 3 | 2 | |||||
| Other undisclosed noncurrent assets | 156 | 225 | 3 | 5 | |||||
| Total noncurrent assets: | 124 | 372 | 99 | 417 | 195 | 194 | |||
| TOTAL ASSETS: | 124 | 499 | 99 | 612 | 412 | 476 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 6,258 | 7,514 | 2,509 | 7,257 | 7,157 | 7,100 | |||
| Settlement liabilities | 2,485 | 2,485 | 2,485 | 2,485 | 2,485 | 2,485 | |||
| Interest and dividends payable | 3,750 | ||||||||
| Accounts payable | 725 | 795 | 805 | 881 | |||||
| Accrued liabilities | 24 | 4,304 | 24 | 3,977 | 3,867 | 3,734 | |||
| Debt | 2,162 | 1,050 | 2,228 | 633 | 639 | 663 | |||
| Estimated litigation liability | 2,485 | 2,485 | 2,485 | 2,485 | |||||
| Due to related parties | 75 | 75 | 75 | 75 | |||||
| Other undisclosed current liabilities | 1,456 | 1,442 | 1,175 | 1,083 | |||||
| Total current liabilities: | 8,420 | 12,579 | 4,736 | 11,892 | 11,531 | 11,406 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 27 | 5 | 5 | 5 | 15 | ||||
| Due to related parties | 27 | 5 | 5 | 5 | 15 | ||||
| Other undisclosed noncurrent liabilities | 2 | 31 | 29 | 11,150 | |||||
| Total noncurrent liabilities: | 29 | 5 | 36 | 34 | 11,165 | ||||
| Total liabilities: | 8,420 | 12,608 | 4,741 | 11,929 | 11,565 | 22,570 | |||
| Commitments and contingencies | (11,123) | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (12,081) | (11,280) | (11,119) | (10,929) | |||||
| Preferred stock | 3 | 3 | 3 | 3 | |||||
| Common stock | 2,825 | 368 | 36 | 14 | |||||
| Additional paid in capital | 14,877 | 16,403 | 16,462 | 16,305 | |||||
| Accumulated deficit | (29,814) | (28,090) | (27,653) | (27,293) | |||||
| Warrants and rights outstanding | 0 | ||||||||
| Other undisclosed equity, attributable to parent | 29 | 36 | 34 | 41 | |||||
| Equity, attributable to noncontrolling interest | 36 | 34 | 41 | ||||||
| Other undisclosed equity | (29) | (72) | (68) | (83) | |||||
| Total equity: | (12,110) | (11,317) | (11,153) | (10,970) | |||||
| TOTAL LIABILITIES AND EQUITY: | 8,420 | 499 | 4,741 | 612 | 412 | 476 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 822 | 194 | 208 | 313 | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (122) | (139) | (253) | |||||
| Other undisclosed gross profit | (6) | (6) | (7) | |||||
| Gross profit: | 66 | 63 | 53 | |||||
| Operating expenses | 185 | 49 | (49) | (128) | (145) | (260) | ||
| Other operating expense, net | (0) | (0) | (1) | |||||
| Other expenses | (369) | (203) | (706) | |||||
| Other undisclosed operating loss | (1,923) | |||||||
| Operating income (loss): | 185 | (1,874) | (49) | (62) | (83) | (207) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | (64) | 18 | (471) | |||||
| Interest and debt expense | 2,153 | (305) | (191) | (265) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (820) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 185 | (541) | (49) | (430) | (256) | (944) | ||
| Other undisclosed loss from continuing operations before income taxes | (15) | |||||||
| Income (loss) from continuing operations before income taxes: | 185 | (556) | (49) | (430) | (256) | (944) | ||
| Other undisclosed loss from continuing operations | (1,603) | |||||||
| Income (loss) from continuing operations: | 185 | (556) | (49) | (430) | (256) | (2,547) | ||
| Income (loss) before gain (loss) on sale of properties: | 185 | (556) | (49) | (430) | (256) | (2,547) | ||
| Net income (loss): | 185 | (556) | (49) | (430) | (256) | (2,547) | ||
| Other undisclosed net income (loss) attributable to parent | 1,497 | 1 | (112) | 1,753 | ||||
| Net income (loss) attributable to parent: | 185 | 941 | (49) | (430) | (368) | (794) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 12 | (2) | 7 | (15) | ||||
| Net income (loss) available to common stockholders, diluted: | 185 | 953 | (49) | (432) | (361) | (809) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | 12/31/2014 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 185 | (556) | (49) | (430) | (256) | (2,547) | ||
| Comprehensive income (loss): | 185 | (556) | (49) | (430) | (256) | (2,547) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 12 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 185 | (544) | (49) | (430) | (256) | (2,547) | ||
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.