Grapefruit USA, Inc (GPFT) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
10866 WILSHIRE BLVD. LOS ANGELES, CA 90024 |
| State of Incorp. | CA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3844 - X-Ray Apparatus and Tubes and Related Irradiation Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9 | 300 | 267 | 14 | 4 | 23 | |||
| Cash and cash equivalent | 9 | 300 | 267 | 14 | 4 | 23 | |||
| Receivables | 278 | 39 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 389 | 502 | 264 | ||||||
| Inventory | 389 | 502 | 264 | ||||||
| Other current assets | 44 | 12 | |||||||
| Other undisclosed current assets | 37 | 64 | |||||||
| Total current assets: | 714 | 949 | 543 | 14 | 4 | 23 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 75 | 132 | 220 | ✕ | ✕ | ✕ | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,770 | 1,791 | 1,809 | ||||||
| Long-term investments and receivables | 170 | 170 | |||||||
| Long-term investments | 170 | 170 | |||||||
| Intangible asset, including goodwill, after accumulated amortization | 250 | ||||||||
| Goodwill | 250 | ||||||||
| Other noncurrent assets | 7 | 7 | |||||||
| Total noncurrent assets: | 2,102 | 2,100 | 2,199 | ||||||
| TOTAL ASSETS: | 2,816 | 3,049 | 2,742 | 14 | 4 | 23 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,035 | 807 | 1,074 | 1,076 | 721 | 1,825 | |||
| Interest and dividends payable | ✕ | 1,045 | 758 | 399 | |||||
| Taxes payable | ✕ | 16 | |||||||
| Accounts payable | 704 | 488 | 1,693 | ||||||
| Accrued liabilities | 373 | 216 | 132 | ||||||
| Other undisclosed accounts payable and accrued liabilities | (9) | 49 | 675 | ||||||
| Debt | 3,935 | 1,153 | 505 | 2,167 | 1,044 | 771 | |||
| Derivative instruments and hedges, liabilities | 127 | 119 | 1,434 | 678 | 701 | 5,533 | |||
| Estimated litigation liability | 542 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 42 | |||
| Due to related parties | 703 | 488 | 282 | ||||||
| Other undisclosed current liabilities | 1,362 | 1,813 | 1,821 | 1,403 | 1,247 | ||||
| Total current liabilities: | 7,704 | 4,380 | 5,115 | 5,324 | 3,712 | 8,171 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 927 | 3,320 | 1,096 | ||||||
| Long-term debt, excluding current maturities | 909 | 3,228 | 867 | ||||||
| Finance lease, liability | 8 | 39 | 106 | ✕ | ✕ | ✕ | |||
| Operating lease, liability | 11 | 53 | 123 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (11) | (23) | 965 | (0) | |||||
| Total noncurrent liabilities: | 927 | 3,349 | 2,061 | (0) | |||||
| Total liabilities: | 8,631 | 7,729 | 7,176 | 5,324 | 3,711 | 8,171 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (5,808) | (4,680) | (4,434) | (5,310) | (3,708) | (8,148) | |||
| Common stock | 56 | 51 | 49 | 15,945 | 9,417 | 7,829 | |||
| Additional paid in capital | 10,963 | 6,591 | 3,026 | ||||||
| Accumulated deficit | (16,827) | (11,321) | (7,264) | (21,255) | (13,125) | (15,977) | |||
| Other undisclosed equity, attributable to parent | (244) | ||||||||
| Equity, attributable to noncontrolling interest | (7) | ||||||||
| Total equity: | (5,815) | (4,680) | (4,434) | (5,310) | (3,708) | (8,148) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,816 | 3,049 | 2,742 | 14 | 4 | 23 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 589 | 3,672 | 451 | 42 | 33 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 42 | 33 | |
| Cost of revenue (Cost of Product and Service Sold) | (1,119) | (3,392) | (709) | (14) | (10) | |||
| Gross profit: | (530) | 280 | (257) | 28 | 23 | |||
| Operating expenses | (1,885) | (1,487) | (1,619) | (6,322) | (1,655) | (2,698) | ||
| Operating loss: | (2,416) | (1,206) | (1,876) | (6,322) | (1,627) | (2,675) | ||
| Nonoperating income (expense) | (3,089) | (2,851) | (2,723) | (1,808) | 4,480 | (4,086) | ||
| Interest and debt expense | (904) | 39,640 | (356) | 101 | 3,669 | (29) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (39,640) | 356 | (101) | (3,669) | 29 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | (6,409) | (4,057) | (4,600) | (8,129) | 2,853 | (6,761) | ||
| Other undisclosed income from continuing operations before income taxes | 904 | 8,114 | ||||||
| Income (loss) from continuing operations before income taxes: | (5,505) | 4,057 | (4,600) | (8,129) | 2,853 | (6,761) | ||
| Income tax expense | (1) | (1) | (1) | |||||
| Income (loss) from continuing operations: | (5,505) | 4,057 | (4,600) | (8,130) | 2,853 | (6,761) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (5,505) | 4,057 | (4,600) | (8,130) | 2,853 | (6,761) | |
| Other undisclosed net loss | (8,114) | |||||||
| Net income (loss): | (5,505) | (4,057) | (4,600) | (8,130) | 2,853 | (6,761) | ||
| Net income (loss) attributable to noncontrolling interest | 0 | (9) | ||||||
| Net income (loss) attributable to parent: | (5,505) | (4,057) | (4,609) | (8,130) | 2,853 | (6,761) | ||
| Other undisclosed net loss available to common stockholders, basic | (173) | |||||||
| Net income (loss) available to common stockholders, diluted: | (5,505) | (4,230) | (4,609) | (8,130) | 2,853 | (6,761) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (5,505) | (4,057) | (4,600) | (8,130) | 2,853 | (6,761) | ||
| Comprehensive income (loss): | (5,505) | (4,057) | (4,600) | (8,130) | 2,853 | (6,761) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (9) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (5,505) | (4,057) | (4,609) | (8,130) | 2,853 | (6,761) | ||
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.