Freeze Tag, Inc. (FRZT) Financial Statements (2024 and earlier)

Company Profile

Business Address 360 E 1ST STREET, #450
TUSTIN, CA 92780-3211
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (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 investments 741753492255309167
Cash and cash equivalents 741753492255309167
Receivables     57
Prepaid expense 131213182739
Other undisclosed current assets 17131110  
Total current assets: 772778516282341214
Noncurrent Assets
Operating lease, right-of-use asset    62
Property, plant and equipment203244101313
Intangible assets, net (including goodwill) 67158250341433
Intangible assets, net (excluding goodwill) 67158250341433
Other noncurrent assets  133315
Other undisclosed noncurrent assets 37120732   
Total noncurrent assets:392307237324357460
TOTAL ASSETS:1,1631,085753606698675
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 659629619621629607
Accounts payable 165140139162176155
Accrued liabilities 494489480458453451
Debt 1055145380  
Due to related parties380380380 380 
Other liabilities   3250  
Other undisclosed current liabilities 888(372)127127
Total current liabilities: 1,0561,0721,1846781,136734
Noncurrent Liabilities
Long-term debt and lease obligation     400
Long-term debt, excluding current maturities     400
Liabilities, other than long-term debt 172317242412  
Due to related parties163303222380  
Other liabilities 9152032  
Total noncurrent liabilities:172317242412 400
Total liabilities:1,2281,3891,4271,0901,1361,134
Equity
Equity, attributable to parent, including:(65)(304)(674)(484)(437)(460)
Common stock 111111
Common stock, value, subscriptions      (5)
Additional paid in capital 9,2919,2539,1739,0938,9978,920
Accumulated deficit   (9,865)(9,595)(9,452)(9,392)
Other undisclosed equity, attributable to parent(9,357)(9,557)17171717
Total equity:(65)(304)(674)(484)(437)(460)
TOTAL LIABILITIES AND EQUITY:1,1631,085753606698675

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
Revenues2,0992,1361,7802,0832,1132,218
Revenue, net2,218
Cost of revenue(367)(276)(248)(287)(283)(9,707)
Cost of goods and services sold     (283)(309)
Gross profit:1,7321,8601,5311,7961,831(7,489)
Operating expenses(2,026)(1,970)(2,030)(4,085)(1,826)(2,027)
Other undisclosed operating income3672762482,186  
Operating income (loss):73166(251)(103)5(9,516)
Nonoperating income (expense)129126(19)1(57)(47)
Investment income, nonoperating      
Other nonoperating income (expense)129126(19)1(57)(47)
Interest and debt expense176174(45)40(57)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes   45   
Income (loss) from continuing operations before equity method investments, income taxes:379466(270)(61)(110)(9,568)
Other undisclosed income (loss) from continuing operations before income taxes(176)(174)  575
Income (loss) from continuing operations before income taxes:202292(270)(61)(53)(9,563)
Income tax expense (2)(1) (1)(8)(29)
Other undisclosed loss from continuing operations      
Income (loss) from continuing operations:201290(270)(62)(60)(9,592)
Income (loss) before gain (loss) on sale of properties:290(270)(62)(60)(9,592)
Other undisclosed net income (loss)   (81)  
Net income (loss):201290(270)(143)(60)(9,592)
Net loss attributable to noncontrolling interest     (6) 
Other undisclosed net income (loss) attributable to parent    6 
Net income (loss) available to common stockholders, diluted:201290(270)(143)(60)(9,592)

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):201290(270)(143)(60)(9,592)
Comprehensive income (loss):201290(270)(143)(60)(9,592)
Comprehensive loss, net of tax, attributable to noncontrolling interest     (6) 
Comprehensive income (loss), net of tax, attributable to parent:201290(270)(143)(66)(9,592)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: