iFresh Inc (IFMK) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2-39 54TH AVE LONG ISLAND CITY, NY 11101 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 5411 - Grocery Stores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q3 | 9/30/2020 Q2 | 6/30/2020 Q1 | 3/31/2020 Q4 | 12/31/2019 Q3 | 9/30/2019 Q2 | 6/30/2019 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,759 | 4,427 | 752 | 855 | 1,310 | ||||
| Cash and cash equivalents | 7,759 | 4,427 | 752 | 855 | 1,310 | ||||
| Receivables | 4,680 | 3,380 | 3,405 | 3,151 | 3,290 | 3,976 | |||
| Inventory, net of allowances, customer advances and progress billings | 12,173 | 10,878 | 6,185 | 9,255 | 9,240 | 8,815 | |||
| Inventory | 12,173 | 10,878 | 6,185 | 9,255 | 9,240 | 8,815 | |||
| Prepaid expense | 4,470 | 4,665 | 3,692 | 3,837 | 3,510 | ||||
| Other undisclosed current assets | 2,205 | 1,023 | |||||||
| Total current assets: | 31,287 | 24,373 | 14,034 | 12,406 | 17,222 | 17,611 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 58,854 | 58,409 | 57,588 | 61,211 | 64,881 | ||||
| Operating lease, right-of-use asset | 59,840 | ||||||||
| Property, plant and equipment | 23,904 | 24,262 | 19,769 | 19,562 | 19,776 | 20,007 | |||
| Long-term investments and receivables | 6,569 | 5,862 | 5,060 | 4,308 | 4,610 | ||||
| Due from related parties | 6,569 | 5,862 | 5,060 | 4,308 | 4,610 | ||||
| Intangible assets, net (including goodwill) | 9,563 | 6,536 | 900 | 933 | 967 | 1,000 | |||
| Goodwill | 4,450 | 2,241 | |||||||
| Intangible assets, net (excluding goodwill) | 5,113 | 4,295 | 900 | 933 | 967 | 1,000 | |||
| Other undisclosed noncurrent assets | 1,261 | 1,907 | 1,907 | 1,304 | 1,444 | ||||
| Total noncurrent assets: | 100,152 | 96,976 | 85,225 | 80,335 | 87,566 | 91,942 | |||
| Other undisclosed assets | 10,631 | ||||||||
| TOTAL ASSETS: | 131,438 | 121,349 | 99,259 | 103,372 | 104,788 | 109,553 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 10,354 | 10,676 | 11,982 | 12,570 | 12,933 | ||||
| Taxes payable | |||||||||
| Accounts payable | 8,488 | 8,997 | 10,674 | 11,353 | 11,540 | ||||
| Accrued liabilities | 1,866 | 1,679 | 1,307 | 1,217 | 1,393 | ||||
| Deferred revenue | 7,844 | 2,787 | 1,311 | 1,275 | 1,116 | ||||
| Debt | 22,001 | 21,910 | 20,141 | 20,113 | 20,545 | 20,960 | |||
| Other undisclosed current liabilities | 9,788 | 8,108 | 9,238 | 9,255 | 9,463 | ||||
| Total current liabilities: | 49,986 | 43,481 | 42,672 | 20,113 | 43,645 | 44,473 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 59,942 | 59,792 | 59,054 | 60,758 | 62,655 | 66,342 | |||
| Long-term debt, excluding current maturities | 59,728 | 59,546 | 58,777 | 85 | 109 | ||||
| Finance lease, liability | 214 | 245 | 277 | 348 | 381 | ||||
| Operating lease, liability | 60,758 | 62,221 | 65,853 | ||||||
| Other undisclosed noncurrent liabilities | 2,955 | 2,965 | 83 | 88 | 98 | ||||
| Total noncurrent liabilities: | 62,897 | 62,756 | 59,137 | 60,758 | 62,743 | 66,440 | |||
| Total liabilities: | 112,883 | 106,237 | 101,809 | 80,871 | 106,388 | 110,912 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 17,965 | 14,538 | (2,550) | (1,006) | (1,600) | (1,359) | |||
| Preferred stock | 3,500 | ||||||||
| Common stock | 3 | 4 | 2 | 2 | 2 | ||||
| Additional paid in capital | 31,386 | 26,754 | 18,202 | 18,620 | 17,974 | ||||
| Accumulated other comprehensive income | 256 | 22 | |||||||
| Accumulated deficit | (23,852) | (20,651) | (24,254) | (20,222) | (19,336) | ||||
| Other undisclosed equity, attributable to parent | 10,172 | 8,409 | (1,006) | ||||||
| Equity, attributable to noncontrolling interest | 590 | 574 | |||||||
| Total equity: | 18,555 | 15,112 | (2,550) | (1,006) | (1,600) | (1,359) | |||
| TOTAL LIABILITIES AND EQUITY: | 131,438 | 121,349 | 99,259 | 79,865 | 104,788 | 109,553 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2020 Q3 | 9/30/2020 Q2 | 6/30/2020 Q1 | 3/31/2020 Q4 | 12/31/2019 Q3 | 9/30/2019 Q2 | 6/30/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 23,944 | 21,268 | (1,987) | 20,547 | 21,374 | 23,085 | ||
| Revenue from related parties | 278 | 266 | (1,237) | 346 | 488 | 743 | ||
| Cost of revenue | (17,999) | (15,490) | 3,434 | (15,103) | (15,539) | (17,099) | ||
| Cost of goods and services sold | (225) | (195) | (14,789) | (15,141) | (16,516) | |||
| Other cost of operating revenue | (17,774) | (13,822) | ||||||
| Other undisclosed gross profit | (1,149) | 266 | (1,779) | (1,129) | (1,089) | (1,188) | ||
| Gross profit: | 4,796 | 6,044 | (332) | 4,315 | 4,746 | 4,798 | ||
| Operating expenses | (8,194) | (4,414) | (434) | (5,616) | (5,852) | (8,576) | ||
| Operating income (loss): | (3,399) | 1,629 | (767) | (1,301) | (1,105) | (3,777) | ||
| Interest and debt expense | (461) | (361) | (823) | (326) | (349) | (610) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 77 | 2,329 | 647 | (392) | 730 | 921 | ||
| Income (loss) from continuing operations before income taxes: | (3,783) | 3,597 | (942) | (2,019) | (725) | (3,466) | ||
| Income tax expense (benefit) | 590 | 500 | (52) | (161) | 98 | |||
| Income (loss) from continuing operations: | (3,193) | 3,597 | (442) | (2,071) | (887) | (3,368) | ||
| Income (loss) before gain (loss) on sale of properties: | (3,193) | 3,597 | (442) | (2,071) | (887) | (3,368) | ||
| Net income (loss): | (3,193) | 3,597 | (442) | (2,071) | (887) | (3,368) | ||
| Net income (loss) attributable to noncontrolling interest | (8) | 6 | ||||||
| Other undisclosed net income (loss) attributable to parent | 8 | |||||||
| Net income (loss) attributable to parent: | (3,193) | 3,603 | (442) | (2,071) | (887) | (3,368) | ||
| Other undisclosed net income (loss) available to common stockholders, basic | (8) | |||||||
| Net income (loss) available to common stockholders, diluted: | (3,201) | 3,603 | (442) | (2,071) | (887) | (3,368) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2020 Q3 | 9/30/2020 Q2 | 6/30/2020 Q1 | 3/31/2020 Q4 | 12/31/2019 Q3 | 9/30/2019 Q2 | 6/30/2019 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,193) | 3,597 | (442) | (2,071) | (887) | (3,368) | ||
| Other undisclosed comprehensive income | 242 | 22 | ||||||
| Comprehensive income (loss): | (2,951) | 3,619 | (442) | (2,071) | (887) | (3,368) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (16) | 5 | ||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (2,967) | 3,625 | (442) | (2,071) | (887) | (3,368) | ||
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.