Forcefield Energy Inc (FNRG) financial statements (2020 and earlier)

Company profile

Business Address 245 PARK AVENUE
NEW YORK, NY 10167
State of Incorp. NV
Fiscal Year End December 31
SIC 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  1,505250  2,451
Cash and cash equivalents  1,505250  2,451
Receivables1,1641,4463,310   397
Inventory, net of allowances, customer advances and progress billings  578   93
Inventory  578   93
Prepaid expense  129   24
Other current assets      44
Other undisclosed current assets  775   289
Total current assets:1,1641,4466,297250  3,299
Noncurrent Assets
Property, plant and equipment  160168  22
Long-term investments and receivables(5)(15)23    
Accounts and financing receivable, after allowance for credit loss(5)(15)23    
Intangible assets, net (including goodwill)3,7303,7309,84120,3653,8605,7232,174
Goodwill3,7303,7305,39512,3883,8605,723230
Intangible assets, net (excluding goodwill)  4,4467,977  1,945
Other undisclosed noncurrent assets  104   104
Total noncurrent assets:3,7253,71510,12920,5333,8605,7232,300
TOTAL ASSETS:4,8905,16116,42620,7833,8605,7235,599
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  2,573   863
Accounts payable  1,272   404
Accrued liabilities  1,296   428
Taxes payable  6   30
Debt3,8103,2602050100100100
Due to related parties  488    
Billings in excess of cost  96    
Other undisclosed current liabilities  2,638    
Total current liabilities:3,8103,2605,81450100100963
Noncurrent Liabilities
Long-term debt and lease obligation  3,5523,0002,5021,9871,961
Long-term debt, excluding current maturities  3,5523,0002,5021,9871,961
Liabilities, other than long-term debt, including:  2,0121,998  464
Deferred tax liabilities, net  1,288   418
Other liabilities  493493  45
Business combination, contingent consideration, liability  641    
Other undisclosed liabilities, other than long-term debt  (410)1,506   
Other undisclosed noncurrent liabilities  1,070    
Total noncurrent liabilities:  6,6334,9982,5021,9872,424
Total liabilities:3,8103,26012,4485,0482,6022,0873,387
Stockholders' equity
Stockholders' equity attributable to parent  3,979   2,100
Common stock  20   17
Treasury stock, value  (1,935)   (1,166)
Additional paid in capital  31,489   16,923
Accumulated other comprehensive income  11   20
Accumulated deficit  (25,606)   (13,694)
Stockholders' equity attributable to noncontrolling interest      112
Other undisclosed stockholders' equity   9,330   
Total stockholders' equity:  3,9799,330  2,212
TOTAL LIABILITIES AND EQUITY:3,8103,26016,42614,3782,6022,0875,599

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Revenues  1347,520  184
Revenue, net  134   184
Cost of revenue
(Cost of Goods and Services Sold)
      (186)
Gross profit:  134   (2)
Operating expenses  4,498   (953)
Operating income (loss):  4,632   (955)
Interest and debt expense  (63)    
Income (loss) from continuing operations:  4,569   (955)
Income from discontinued operations      41
Net income (loss):  4,569   (914)
Net income attributable to noncontrolling interest      15
Other undisclosed net loss attributable to parent      (127)
Net income (loss) attributable to parent:  4,569   (1,026)
Other undisclosed net income available to common stockholders, basic      15
Net income (loss) available to common stockholders, diluted:  4,569   (1,011)

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Net income (loss):  4,569   (914)
Other undisclosed comprehensive loss      (84)
Comprehensive income (loss):  4,569   (998)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (15)
Comprehensive income (loss), net of tax, attributable to parent:  4,569   (1,014)

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.

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