Latitude 360, Inc. (LATX) Financial Statements (2024 and earlier)

Company Profile

Business Address 6022 SAN JOSE BLVD
JACKSONVILLE, FL 32217
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 5211 - Lumber and Other Building Materials Dealers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 14199851171014
Cash and cash equivalents 14199851171014
Receivables15020982238  
Inventory, net of allowances, customer advances and progress billings257312221287
Inventory257312221287  
Prepaid expense72  23  
Other undisclosed current assets4652202,0451,29312
Total current assets:1,0848412,4331,9581116
Noncurrent Assets
Property, plant and equipment43,77846,72246,26847,4951011
Deferred costs 52456    
Other noncurrent assets      
Other undisclosed noncurrent assets 2,354(64)2,6013,034  
Total noncurrent assets:46,18447,11548,86950,5291011
TOTAL ASSETS:47,26847,95651,30252,4872127
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities15,95515,95513,25111,22144
Interest and dividends payable3,9783,5792,9234,005  
Accounts payable5,7977,9664,9112,13842
Accrued liabilities6,1804,4105,4175,07801
Debt46,98252,03722,1432,935  
Deferred compensation liability1,6001,600    
Derivative instruments and hedges, liabilities1,183588    
Deferred revenue and credits      
Due to related parties460389178   
Other undisclosed current liabilities(16,672)(20,785)7,89811,028 60
Total current liabilities:49,50949,78443,47125,184464
Noncurrent Liabilities
Long-term debt and lease obligation 20,72320,78922,98538,425  
Long-term debt, excluding current maturities    14,501  
Capital lease obligations 20,72320,78922,98523,924  
Liabilities, other than long-term debt 2763022432,15062 
Deferred revenue and credits 2763022432,150  
Due to related parties     62 
Other undisclosed noncurrent liabilities (70)(95)42 6 
Total noncurrent liabilities: 20,93020,99623,27040,57568 
Total liabilities:70,43870,78166,74165,7587264
Equity
Equity, attributable to parent, including:(23,171)(22,825)(15,439)(13,271)(51)(37)
Common stock13112710348966
Additional paid in capital152,628143,861116,68978,917275275
Accumulated deficit(175,930)(166,813)(132,231)(92,678)(332)(318)
Warrants and rights outstanding      
Other undisclosed equity, attributable to parent   0  
Total equity:(23,171)(22,825)(15,439)(13,271)(51)(37)
TOTAL LIABILITIES AND EQUITY:47,26847,95651,30252,4872127

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

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
12/31/2013
Q4
9/30/2013
Q3
Revenues5,64112,7343,8461,4272036
Revenue, net5,64112,7343,7341,427  
Cost of revenue(1,069)(2,415)(819)(2,291)(9)(17)
Cost of goods and services sold(1,069)(2,415)(819)(321)(9)(17)
Gross profit:4,57210,3193,026(863)1119
Operating expenses(9,148)(29,161)(7,898)(1,511)(25)(27)
Other operating income, net
(Other Expenses)
    682  
Other undisclosed operating income (loss)1,0692,415708(682)  
Operating loss:(3,506)(16,427)(4,164)(2,374)(14)(8)
Nonoperating expense      
Interest and debt expense(1,736)(11,122)(468)682  
Loss from continuing operations:(5,243)(27,549)(4,632)(1,692)(14)(8)
Loss before gain (loss) on sale of properties:(5,245)(27,903)(4,629)(1,704)(14)(8)
Income (loss) from discontinued operations (2)(354)2(12)  
Net loss:(5,245)(27,903)(4,629)(1,704)(14)(8)
Other undisclosed net income (loss) attributable to parent(3,872)(10,047)(4,906)(682)  
Net loss available to common stockholders, diluted:(9,117)(37,950)(9,536)(2,387)(14)(8)

Comprehensive Income ($ in thousands)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
12/31/2013
Q4
9/30/2013
Q3
Net loss:(5,245)(27,903)(4,629)(1,704)(14)(8)
Comprehensive loss, net of tax, attributable to parent:(5,245)(27,903)(4,629)(1,704)(14)(8)

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.

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