Fastfunds Financial Corp (FFFC) financial statements (2021 and earlier)

Company profile

Business Address 11100 WAYZATA BLVD
MINNETONKA, MN 55305
State of Incorp. NV
Fiscal Year End December 31
SIC 6141 - Personal Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  9 3813
Cash and cash equivalents  9 3813
Receivables  106 107162
Prepaid expense    3036
Other current assets  0 00
Other undisclosed current assets  11 205
Total current assets:  126 195217
Noncurrent Assets
Long-term investments and receivables  90 9090
Long-term investments  90 9090
Intangible assets, net (including goodwill)989898989898
Intangible assets, net (excluding goodwill)989898989898
Regulated entity, other noncurrent assets2626 111
Other noncurrent assets  28 33
Other undisclosed noncurrent assets  156 2253
Total noncurrent assets:12412437299417195
TOTAL ASSETS:12412449999612412
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,3636,2587,5142,5097,2577,157
Accounts payable  725 795805
Accrued liabilities24244,304243,9773,867
Interest and dividends payable3,8553,750    
Settlement liabilities2,4852,4852,4852,4852,4852,485
Debt2,1502,1621,0502,228633639
Estimated litigation liability  2,485 2,4852,485
Due to related parties  75 7575
Other undisclosed current liabilities  1,456 1,4421,175
Total current liabilities:8,5138,42012,5794,73611,89211,531
Noncurrent Liabilities
Liabilities, other than long-term debt  27555
Due to related parties  27555
Other undisclosed noncurrent liabilities  2 3129
Total noncurrent liabilities:  2953634
Total liabilities:8,5138,42012,6084,74111,92911,565
Stockholders' equity
Stockholders' equity attributable to parent, including:  (12,081) (11,280)(11,119)
Preferred stock  3 33
Common stock  2,825 36836
Additional paid in capital  14,877 16,40316,462
Accumulated deficit  (29,814) (28,090)(27,653)
Warrants and rights outstanding  0   
Other undisclosed stockholders' equity attributable to parent  29 3634
Stockholders' equity attributable to noncontrolling interest    3634
Other undisclosed stockholders' equity  (29) (72)(68)
Total stockholders' equity:  (12,110) (11,317)(11,153)
TOTAL LIABILITIES AND EQUITY:8,5138,4204994,741612412

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

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues  822 194208
Cost of revenue
(Cost of Goods and Services Sold)
    (122)(139)
Other undisclosed gross profit    (6)(6)
Gross profit:    6663
Operating expenses 18549(49)(128)(145)
Other operating expense, net    (0)(0)
Other expenses    (369)(203)
Other undisclosed operating loss  (1,923)   
Operating income (loss): 185(1,874)(49)(62)(83)
Nonoperating income (expense)
(Investment Income, Nonoperating)
    (64)18
Interest and debt expense  2,153 (305)(191)
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)
Other undisclosed loss from continuing operations before income taxes  (15)   
Net income (loss): 185(556)(49)(430)(256)
Other undisclosed net income (loss) attributable to parent  1,497 1(112)
Net income (loss) attributable to parent: 185941(49)(430)(368)
Other undisclosed net income (loss) available to common stockholders, basic  12 (2)7
Net income (loss) available to common stockholders, diluted: 185953(49)(432)(361)

Comprehensive Income ($ in thousands)

6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net income (loss): 185(556)(49)(430)(256)
Comprehensive income (loss): 185(556)(49)(430)(256)
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)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: