Freeze Tag, Inc. (FRZT) financial statements (2022 and earlier)

Company profile

Business Address 18062 IRVINE BLVD, SUITE 103
TUSTIN, CA 92780
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments753713709655492529496
Cash and cash equivalents753713709655492529496
Prepaid expense12153316131311
Other undisclosed current assets13142322111210
Total current assets:778742764694516555517
Noncurrent Assets
Property, plant and equipment32353841444751
Intangible assets, net (including goodwill)6790112135158181204
Intangible assets, net (excluding goodwill)6790112135158181204
Other noncurrent assets1   3  
Other undisclosed noncurrent assets2071497027324350
Total noncurrent assets:307273221203237271305
TOTAL ASSETS:1,0851,015984897753826821
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities629635639632619654644
Accounts payable140135142142139152143
Accrued liabilities489500497490480502501
Debt55343418814511687
Due to related parties380380380380380  
Other liabilities 81725323231
Other undisclosed current liabilities8888888
Total current liabilities:1,0721,0651,0781,2321,184809769
Noncurrent Liabilities
Long-term debt and lease obligation  50    
Long-term debt, excluding current maturities  50    
Liabilities, other than long-term debt317161719242388396
Due to related parties303   222380380
Other liabilities1516171920817
Other undisclosed noncurrent liabilities 326278351 254285
Total noncurrent liabilities:317342346370242642682
Total liabilities:1,3891,4071,4231,6021,4271,4511,451
Stockholders' equity
Stockholders' equity attributable to parent, including:(304)(392)(439)(705)(674)(625)(630)
Common stock1111111
Additional paid in capital9,2539,2339,2139,1939,1739,1539,133
Accumulated deficit (9,643)(9,669)(9,916)(9,865)(9,796)(9,781)
Other undisclosed stockholders' equity attributable to parent(9,557)171717171717
Total stockholders' equity:(304)(392)(439)(705)(674)(625)(630)
TOTAL LIABILITIES AND EQUITY:1,0851,015984897753826821

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues560517554506467473436
Cost of revenue(74)(76)(68)(58)(61)(65)(58)
Gross profit:486441486448406408378
Operating expenses(477)(478)(469)(545)(522)(503)(498)
Other undisclosed operating income74766858616558
Operating income (loss):823984(39)(55)(30)(62)
Nonoperating income (expense)(41)(3)171(51)(14)14(9)
Investment income, nonoperating(28)109    
Other nonoperating income (expense)(12)(12)162(51)(14)14(9)
Interest and debt expense (12)162(12)(13)(11)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes    45  
Income (loss) from continuing operations before equity method investments, income taxes:4124418(102)(37)(26)(82)
Other undisclosed loss from continuing operations before income taxes(174)      
Income (loss) from continuing operations before income taxes:(133)24418(102)(37)(26)(82)
Other undisclosed loss from continuing operations(1)      
Income (loss) before gain (loss) on sale of properties:(134)24418(102)(37)(26)(82)
Other undisclosed net income (loss) 3(171)    
Net income (loss):(134)27246(102)(37)(26)(82)
Other undisclosed net income (loss) attributable to parent203  51(32)1111
Net income (loss) available to common stockholders, diluted:6827246(51)(69)(15)(71)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(134)27246(102)(37)(26)(82)
Comprehensive income (loss), net of tax, attributable to parent:(134)27246(102)(37)(26)(82)

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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