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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16502430136
Cash and cash equivalents16502430136
Receivables    621  
Inventory, net of allowances, customer advances and progress billings0574611  
Inventory0574611  
Prepaid expense     3737
Other undisclosed current assets29133270   
Total current assets:3019636765667173
Noncurrent Assets
Operating lease, right-of-use asset  177239 
Property, plant and equipment(141)139242   
Long-term investments and receivables    877562148
Long-term investments    877562148
Other undisclosed noncurrent assets165     
Total noncurrent assets:24316482877562148
Other undisclosed assets    (535)519
TOTAL ASSETS:54512848998680330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7611,0741,111752317148
Interest and dividends payable13361   
Accrued liabilities9268    
Other undisclosed accounts payable and accrued liabilities6698731,049752317148
Deferred revenue6182105193
Debt1,3691,337966330  
Deferred compensation liability      157
Due to related parties870471685621373179
Other undisclosed current liabilities1,97976861(165)176 
Total current liabilities:5,0403,7322,9271,731866484
Noncurrent Liabilities
Long-term debt and lease obligation150110479483342 
Long-term debt, excluding current maturities150 300483342 
Liabilities, other than long-term debt 29     
Operating lease, liability 29110179 
Other undisclosed noncurrent liabilities  40    
Total noncurrent liabilities:179260479483342 
Other undisclosed liabilities      229
Total liabilities:5,2193,9923,4072,2141,208713
Equity
Equity, attributable to parent, including:(4,824)(3,480)(2,558)(1,216)(537)(383)
Common stock272722201817
Additional paid in capital11,91612,06210,5169,1177,0825,255
Accumulated deficit(16,768)(15,335)(12,955)(10,293)(7,637)(5,675)
Other undisclosed equity, attributable to parent1(234)(142)(60)120
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:54512848998680330

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
Revenues8536320832625116
Other income3811013  
Cost of revenue
(Cost of Goods and Services Sold)
  (233)(35)(21)  
Gross profit:8513017330525116
Operating expenses(1,316)(1,862)(2,232)(2,824)(2,184)(5,799)
Other undisclosed operating income (loss)(45)2333521  
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  1101(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 taxes38     
Loss from continuing operations before income taxes:(1,539)(2,473)(2,743)(2,726)(1,973)(5,618)
Other undisclosed income from continuing operations1,6452,5662,8252,7951,985 
Income (loss) from continuing operations:10692826912(5,618)
Income (loss) before gain (loss) on sale of properties:92826912(5,618)
Other undisclosed net loss(1,645)  (2,795)  
Net income (loss):(1,539)9282(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    1218 
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)9282(2,726)12(5,618)
Comprehensive income (loss):(1,539)9282(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)9282(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.

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