Freeze Tag, Inc. (FRZT) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments492529496176255215219
Cash and cash equivalents492529496176255215219
Receivables      3
Prepaid expense13131111182315
Other undisclosed current assets11121010103 
Total current assets:516555517197282241236
Noncurrent Assets
Operating lease, right-of-use asset    626975
Property, plant and equipment44475154101011
Intangible assets, net (including goodwill)158181204227250273295
Intangible assets, net (excluding goodwill)158181204227250273295
Other noncurrent assets3   3 78
Other undisclosed noncurrent assets32435058 3(75)
Total noncurrent assets:237271305339324354385
TOTAL ASSETS:753826821536606595621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities619654644622621642607
Accounts payable139152143139162182151
Accrued liabilities480502501483458460456
Debt145116877380  
Due to related parties380    380380
Other liabilities32323130502928
Other undisclosed current liabilities8888(372)88
Total current liabilities:1,1848097696676781,0581,022
Noncurrent Liabilities
Long-term debt and lease obligation   430   
Long-term debt, excluding current maturities   430   
Liabilities, other than long-term debt242388396684124047
Due to related parties22238038043380  
Other liabilities2081725324047
Other undisclosed noncurrent liabilities 254285(50)   
Total noncurrent liabilities:2426426824484124047
Total liabilities:1,4271,4511,4511,1141,0901,0981,070
Stockholders' equity
Stockholders' equity attributable to parent, including:(674)(625)(630)(578)(484)(503)(448)
Common stock1111111
Additional paid in capital9,1739,1539,1339,1139,0939,0389,024
Accumulated deficit(9,865)(9,796)(9,781)(9,709)(9,595)(9,559)(9,491)
Other undisclosed stockholders' equity attributable to parent17171717171717
Total stockholders' equity:(674)(625)(630)(578)(484)(503)(448)
TOTAL LIABILITIES AND EQUITY:753826821536606595621

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues467473436403521484518
Cost of revenue(61)(65)(58)(64)(59)(74)(83)
Cost of goods and services sold      (83)
Gross profit:406408378340463410436
Operating expenses(522)(503)(498)(950)(1,037)(1,010)(1,039)
Other undisclosed operating income616558507548542561
Operating loss:(55)(30)(62)(104)(26)(58)(42)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(14)14(9)    
Interest and debt expense(13)(11)(11)1069 10
Other undisclosed income from continuing operations before equity method investments, income taxes45   1  
Income (loss) from continuing operations before income taxes:(37)(26)(82)(94)44(58)(32)
Other undisclosed loss from continuing operations    (1)  
Income (loss) before gain (loss) on sale of properties:(37)(26)(82)(94)43(58)(32)
Other undisclosed net loss   (20)(81)(10)(20)
Net loss:(37)(26)(82)(114)(38)(68)(53)
Other undisclosed net income (loss) attributable to parent(32)1111 2  
Net loss available to common stockholders, diluted:(69)(15)(71)(114)(36)(68)(53)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(37)(26)(82)(114)(38)(68)(53)
Comprehensive loss, net of tax, attributable to parent:(37)(26)(82)(114)(38)(68)(53)

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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