FUSE GROUP HOLDING INC. (FUST) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
805 W. DUARTE RD. #102 ARCADIA, CA 91007 |
| State of Incorp. | NV |
| Fiscal Year End | September 30 |
| Industry (SIC) | 10 - Metal Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 56 | 27 | 33 | 136 | 194 | 102 | |||
| Cash and cash equivalents | 56 | 27 | 33 | 136 | 194 | 102 | |||
| Prepaid expense | 9 | 13 | 12 | 23 | 10 | ||||
| Other undisclosed current assets | |||||||||
| Total current assets: | 65 | 39 | 45 | 158 | 204 | 102 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 26 | 32 | 59 | 2 | 29 | ||||
| Property, plant and equipment | 0 | 2 | 4 | 6 | 9 | ||||
| Prepaid expense | 1,000 | 1,000 | |||||||
| Other undisclosed noncurrent assets | |||||||||
| Total noncurrent assets: | 26 | 33 | 61 | 7 | 1,035 | 1,009 | |||
| TOTAL ASSETS: | 91 | 72 | 106 | 165 | 1,240 | 1,111 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1 | 0 | 9 | ||||||
| Interest and dividends payable | ✕ | ✕ | ✕ | 4 | |||||
| Accrued liabilities | 1 | 0 | 4 | ||||||
| Debt | 2 | 2 | 2 | 3 | 50 | ||||
| Other liabilities | 11 | 26 | 5 | 27 | 4 | 11 | |||
| Other undisclosed current liabilities | 167 | 65 | 22 | 4 | 26 | ||||
| Total current liabilities: | 181 | 93 | 38 | 34 | 81 | 11 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 151 | 152 | 488 | 106 | 110 | ||||
| Long-term debt, excluding current maturities | 151 | 152 | 454 | 106 | 106 | ||||
| Liabilities, other than long-term debt | 5 | ||||||||
| Operating lease, liability | 5 | 34 | 4 | ||||||
| Other undisclosed noncurrent liabilities | (34) | (4) | |||||||
| Total noncurrent liabilities: | 151 | 157 | 488 | 106 | 110 | ||||
| Total liabilities: | 332 | 250 | 526 | 140 | 191 | 11 | |||
| Equity | |||||||||
| Equity, attributable to parent | (241) | (178) | (420) | 25 | 1,049 | 1,100 | |||
| Common stock | 66 | 66 | 65 | 65 | 65 | 65 | |||
| Additional paid in capital | 7,665 | 7,665 | 6,950 | 6,950 | 6,950 | 6,950 | |||
| Accumulated deficit | (7,972) | (7,909) | (7,434) | (6,990) | (5,966) | (5,914) | |||
| Total equity: | (241) | (178) | (420) | 25 | 1,049 | 1,100 | |||
| TOTAL LIABILITIES AND EQUITY: | 91 | 72 | 106 | 165 | 1,240 | 1,111 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 20 | 200 | 700 | 750 | 1,216 | |||
| Cost of revenue | (10) | (81) | (201) | (277) | ||||
| Gross profit: | 20 | 190 | 619 | 549 | 939 | |||
| Operating expenses | (419) | (455) | (624) | (1,685) | (594) | (1,016) | ||
| Operating loss: | (399) | (455) | (434) | (1,066) | (45) | (78) | ||
| Nonoperating income (expense) | (14) | (17) | (8) | 44 | (2) | (1) | ||
| Interest and debt expense | (14) | (17) | (8) | 50 | (1) | (1) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1 | 1 | ||||||
| Loss from continuing operations before equity method investments, income taxes: | (428) | (490) | (451) | (972) | (47) | (79) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 14 | 17 | 8 | (50) | ||||
| Loss from continuing operations before income taxes: | (414) | (472) | (442) | (1,022) | (47) | (79) | ||
| Income tax expense | (2) | (2) | (2) | (2) | (4) | (1) | ||
| Loss from continuing operations: | (416) | (475) | (444) | (1,024) | (51) | (80) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (444) | (1,024) | (51) | (80) | |
| Net loss available to common stockholders, diluted: | (416) | (475) | (444) | (1,024) | (51) | (80) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (416) | (475) | (444) | (1,024) | (51) | (80) | ||
| Comprehensive loss, net of tax, attributable to parent: | (416) | (475) | (444) | (1,024) | (51) | (80) | ||
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.