First Foods Group, Inc. (FIFG) Financial Statements (2025 and earlier)
Company Profile
Business Address |
C/O INCORP SERVICES, INC. LAS VEGAS, NV 89169-6014 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 7812 - Motion Picture and Video Tape Production (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1 | 6 | 50 | 24 | 30 | 136 | |||
Cash and cash equivalents | 1 | 6 | 50 | 24 | 30 | 136 | |||
Receivables | 621 | ||||||||
Inventory, net of allowances, customer advances and progress billings | 0 | 57 | 46 | 11 | |||||
Inventory | 0 | 57 | 46 | 11 | |||||
Prepaid expense | 37 | 37 | |||||||
Other undisclosed current assets | 29 | 133 | 270 | ||||||
Total current assets: | 30 | 196 | 367 | 656 | 67 | 173 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 177 | 239 | ✕ | ✕ | |||||
Property, plant and equipment | (141) | 139 | 242 | ||||||
Long-term investments and receivables | 877 | 562 | 148 | ||||||
Long-term investments | 877 | 562 | 148 | ||||||
Other undisclosed noncurrent assets | 165 | ||||||||
Total noncurrent assets: | 24 | 316 | 482 | 877 | 562 | 148 | |||
Other undisclosed assets | (535) | 51 | 9 | ||||||
TOTAL ASSETS: | 54 | 512 | 848 | 998 | 680 | 330 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 761 | 1,074 | 1,111 | 752 | 317 | 148 | |||
Interest and dividends payable | ✕ | ✕ | 133 | 61 | |||||
Accrued liabilities | 92 | 68 | |||||||
Other undisclosed accounts payable and accrued liabilities | 669 | 873 | 1,049 | 752 | 317 | 148 | |||
Deferred revenue | 61 | 82 | 105 | 193 | ✕ | ✕ | |||
Debt | 1,369 | 1,337 | 966 | 330 | |||||
Deferred compensation liability | 157 | ||||||||
Due to related parties | ✕ | 870 | 471 | 685 | 621 | 373 | 179 | ||
Other undisclosed current liabilities | 1,979 | 768 | 61 | (165) | 176 | ||||
Total current liabilities: | 5,040 | 3,732 | 2,927 | 1,731 | 866 | 484 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 150 | 110 | 479 | 483 | 342 | ||||
Long-term debt, excluding current maturities | 150 | 300 | 483 | 342 | |||||
Liabilities, other than long-term debt | 29 | ||||||||
Operating lease, liability | 29 | 110 | 179 | ✕ | ✕ | ||||
Other undisclosed noncurrent liabilities | 40 | ||||||||
Total noncurrent liabilities: | 179 | 260 | 479 | 483 | 342 | ||||
Other undisclosed liabilities | 229 | ||||||||
Total liabilities: | 5,219 | 3,992 | 3,407 | 2,214 | 1,208 | 713 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (4,824) | (3,480) | (2,558) | (1,216) | (537) | (383) | |||
Common stock | 27 | 27 | 22 | 20 | 18 | 17 | |||
Additional paid in capital | 11,916 | 12,062 | 10,516 | 9,117 | 7,082 | 5,255 | |||
Accumulated deficit | (16,768) | (15,335) | (12,955) | (10,293) | (7,637) | (5,675) | |||
Other undisclosed equity, attributable to parent | 1 | (234) | (142) | (60) | 1 | 20 | |||
Equity, attributable to noncontrolling interest | (341) | ||||||||
Other undisclosed equity | 8 | ||||||||
Total equity: | (5,165) | (3,480) | (2,558) | (1,216) | (528) | (383) | |||
TOTAL LIABILITIES AND EQUITY: | 54 | 512 | 848 | 998 | 680 | 330 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 85 | 363 | 208 | 326 | 251 | 16 | ||
Other income | 38 | 110 | 1 | 3 | ||||
Cost of revenue (Cost of Goods and Services Sold) | (233) | (35) | (21) | |||||
Gross profit: | 85 | 130 | 173 | 305 | 251 | 16 | ||
Operating expenses | (1,316) | (1,862) | (2,232) | (2,824) | (2,184) | (5,799) | ||
Other undisclosed operating income (loss) | (45) | 233 | 35 | 21 | ||||
Operating loss: | (1,276) | (1,500) | (2,024) | (2,497) | (1,933) | (5,783) | ||
Interest and debt expense | (301) | (1,084) | (720) | 231 | (40) | 165 | ||
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 110 | 1 | (459) | |||||
Loss from continuing operations before equity method investments, income taxes: | (1,577) | (2,473) | (2,743) | (2,726) | (1,973) | (5,618) | ||
Other undisclosed income (loss) from continuing operations before income taxes | 38 | |||||||
Loss from continuing operations before income taxes: | (1,539) | (2,473) | (2,743) | (2,726) | (1,973) | (5,618) | ||
Other undisclosed income from continuing operations | 1,645 | 2,566 | 2,825 | 2,795 | 1,985 | |||
Income (loss) from continuing operations: | 106 | 92 | 82 | 69 | 12 | (5,618) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 92 | 82 | 69 | 12 | (5,618) | |
Other undisclosed net loss | (1,645) | (2,795) | ||||||
Net income (loss): | (1,539) | 92 | 82 | (2,726) | 12 | (5,618) | ||
Net income attributable to noncontrolling interest | ||||||||
Other undisclosed net income (loss) attributable to parent | (2,566) | (2,825) | (1,985) | |||||
Net loss attributable to parent: | (1,539) | (2,473) | (2,743) | (2,726) | (1,973) | (5,618) | ||
Preferred stock dividends and other adjustments | 12 | 18 | ||||||
Net loss available to common stockholders, diluted: | (1,539) | (2,473) | (2,743) | (2,714) | (1,955) | (5,618) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | (1,539) | 92 | 82 | (2,726) | 12 | (5,618) | ||
Comprehensive income (loss): | (1,539) | 92 | 82 | (2,726) | 12 | (5,618) | ||
Comprehensive income, net of tax, attributable to noncontrolling interest | ||||||||
Comprehensive income (loss), net of tax, attributable to parent: | (1,539) | 92 | 82 | (2,726) | 12 | (5,618) |
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.