Formcap Corp (FRMC) Financial Statements (2024 and earlier)

Company Profile

Business Address 50 WEST LIBERTY STREET
RENO, NV 89501
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

6/30/2017
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 27891048
Cash and cash equivalents 27891048
Other undisclosed current assets 15,0459,266 
Total current assets: 15,32310,17648
Noncurrent Assets
Other noncurrent assets  101,802
Total noncurrent assets:  101,802 
TOTAL ASSETS: 15,323111,97848
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 23,107101,29734,837
Accounts payable   398,107
Other undisclosed accounts payable and accrued liabilities 23,107101,297(363,270)
Debt 241,590  
Due to related parties 111,500 559,607
Other undisclosed current liabilities 288,416485,943213,653
Total current liabilities: 664,613587,240808,097
Noncurrent Liabilities
Total liabilities: 664,613587,240808,097
Equity
Equity, attributable to parent, including: (649,290)(475,262)(808,049)
Additional paid in capital 22,228,79513,805,37411,176,574
Accumulated deficit (22,966,852)(14,355,874)(11,969,661)
Other undisclosed equity, attributable to parent 88,76775,238(14,962)
Total equity: (649,290)(475,262)(808,049)
TOTAL LIABILITIES AND EQUITY: 15,323111,97848

Income Statement (P&L) (USD)

6/30/2017
TTM
12/31/2014
12/31/2013
12/31/2012
Operating expenses (632,572)(112,203)(109,397)
Other operating income, net
(Other Expenses)
   3,569
Operating loss: (632,572)(112,203)(105,828)
Nonoperating expense (7,978,406)(2,274,010)(43)
Interest and debt expense (7,978,406)(10)(43)
Loss from continuing operations before income taxes: (16,589,384)(2,386,223)(105,914)
Income tax benefit 40,520  
Loss from continuing operations: (16,548,864)(2,386,223)(105,914)
Loss before gain (loss) on sale of properties: (16,548,864)(2,386,223)(105,914)
Other undisclosed net income  10 
Net loss: (16,548,864)(2,386,213)(105,914)
Other undisclosed net income (loss) attributable to parent 7,937,886 (3,526)
Net loss available to common stockholders, diluted: (8,610,978)(2,386,213)(109,440)

Comprehensive Income (USD)

6/30/2017
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (16,548,864)(2,386,213)(105,914)
Comprehensive loss, net of tax, attributable to parent: (16,548,864)(2,386,213)(105,914)

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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