FIRST RATE STAFFING CORP (FRSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2775 WEST THOMAS ROAD
PHOENIX, AZ 85018
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments177535 
Cash and cash equivalents177535 
Receivables516454 
Total current assets:693989 
Noncurrent Assets
Property, plant and equipment4650 
Long-term investments and receivables9799 
Due from related parties9799 
Intangible assets, net (including goodwill)227250 
Intangible assets, net (excluding goodwill)227250 
Deposits noncurrent assets1338 
Total noncurrent assets:504406 
TOTAL ASSETS:1,1961,395 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,024822 
Accounts payable8577 
Accrued liabilities939745 
Debt116114 
Total current liabilities:1,140937 
Noncurrent Liabilities
Long-term debt and lease obligation99130 
Long-term debt, excluding current maturities99130 
Total noncurrent liabilities:99130 
Total liabilities:1,2391,067 
Equity
Equity, attributable to parent(43)328 
Common stock11 
Additional paid in capital1,0901,090 
Accumulated deficit(1,133)(762) 
Total equity:(43)328 
TOTAL LIABILITIES AND EQUITY:1,1961,395 

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
Revenues6,3606,957 
Cost of revenue(6,023)(6,126) 
Gross profit:337832 
Operating expenses(647)(749) 
Operating income (loss):(311)83 
Interest and debt expense(60)(74) 
Income (loss) from continuing operations:(371)8 
Income (loss) before gain (loss) on sale of properties:(371)8 
Net income (loss) available to common stockholders, diluted:(371)8 

Comprehensive Income ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
Net income (loss):(371)8 
Comprehensive income (loss), net of tax, attributable to parent:(371)8 

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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