FIRST RATE STAFFING CORP (FRSI) financial statements (2022 and earlier)

Company profile

Business Address 2775 WEST THOMAS ROAD
PHOENIX, AZ 85018
State of Incorp. DE
Fiscal Year End December 31
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 investments91177535 
Cash and cash equivalents91177535 
Receivables787516454 
Total current assets:878693989 
Noncurrent Assets
Property, plant and equipment434650 
Long-term investments and receivables979799 
Due from related parties979799 
Intangible assets, net (including goodwill)204227250 
Intangible assets, net (excluding goodwill)204227250 
Deposits noncurrent assets1331338 
Total noncurrent assets:477504406 
TOTAL ASSETS:1,3551,1961,395 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3481,024822 
Accounts payable708577 
Accrued liabilities1,278939745 
Debt118116114 
Total current liabilities:1,4651,140937 
Noncurrent Liabilities
Long-term debt and lease obligation6899130 
Long-term debt, excluding current maturities6899130 
Total noncurrent liabilities:6899130 
Total liabilities:1,5331,2391,067 
Stockholders' equity
Stockholders' equity attributable to parent(178)(43)328 
Common stock111 
Additional paid in capital1,0901,0901,090 
Accumulated deficit(1,269)(1,133)(762) 
Total stockholders' equity:(178)(43)328 
TOTAL LIABILITIES AND EQUITY:1,3551,1961,395 

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
Revenues7,5956,3606,957 
Cost of revenue(6,914)(6,023)(6,126) 
Gross profit:681337832 
Operating expenses(747)(647)(749) 
Operating income (loss):(66)(311)83 
Interest and debt expense(70)(60)(74) 
Net income (loss) available to common stockholders, diluted:(136)(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):(136)(371)8 
Comprehensive income (loss), net of tax, attributable to parent:(136)(371)8 

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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