Life Clips, Inc. (LCLP) Financial Statements (2024 and earlier)

Company Profile

Business Address 18851 NE 29TH AVE.,
AVENTURA, FL 33180
State of Incorp. WY
Fiscal Year End June 30
Industry (SIC) 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2022
MRQ
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2311234892 
Cash and cash equivalents 2311234892 
Receivables     3 
Deposits current assets      240
Other undisclosed current assets 34   (3) 
Total current assets: 2651234892240
Noncurrent Assets
Property, plant and equipment      647
Other undisclosed noncurrent assets 38   3 
Total noncurrent assets: 38   3647
TOTAL ASSETS: 3031234895887
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9211,7371,3601,156627163
Employee-related liabilities     19 
Accounts payable 400357352515358163
Accrued liabilities 5221,3801,007641250 
Debt  530530530(1,108)(109)
Derivative instruments and hedges, liabilities 1,57713,2503,2319,284 1,518
Due to related parties 1,156763463   
Customer advances and deposits 85 
Other undisclosed current liabilities  2,4292,4062,2943,313 
Total current liabilities: 3,65418,7097,99013,2642,9171,572
Noncurrent Liabilities
Long-term debt and lease obligation      334
Long-term debt, excluding current maturities      334
Liabilities, other than long-term debt     2,960 
Derivative instruments and hedges, liabilities     2,960 
Total noncurrent liabilities:     2,960334
Other undisclosed liabilities 4,174     
Total liabilities: 7,82818,7097,99013,2645,8771,906
Equity
Equity, attributable to parent, including: (7,524)(18,696)(7,956)(13,256)(5,782)(20,096)
Preferred stock  1111 
Common stock 1,3231,2601,2601,260188 
Common stock, share subscribed but unissued, subscriptions receivable     7 
Additional paid in capital 23,8669,2199,2199,2199,897 
Accumulated other comprehensive loss (68)     
Accumulated deficit (32,780)(29,301)(18,561)(23,825)(15,875)(20,454)
Other undisclosed equity, attributable to parent 13512512589 358
Total equity: (7,524)(18,696)(7,956)(13,256)(5,782)(20,096)
TOTAL LIABILITIES AND EQUITY: 3031234895(18,190)

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

3/31/2022
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues 50  8533
Cost of revenue
(Cost of Goods and Services Sold)
     (109) 
Other undisclosed gross profit      (74)
Gross profit: 50  85(106)(71)
Operating expenses (600)(327)(385)(404)(1,493)(2,183)
Other undisclosed operating income     0 
Operating loss: (550)(327)(385)(318)(1,599)(2,254)
Nonoperating income (expense) (2,929)(10,414)5,470(7,632)6,178 
Investment income, nonoperating 469     
Other nonoperating income (expense)   5,470(7,632)6,178 
Interest and debt expense (68)(395)(479)(560)(73)46
Income (loss) from continuing operations before equity method investments, income taxes: (3,547)(11,135)4,606(8,510)4,506(2,208)
Other undisclosed income from continuing operations before income taxes 6839565956073 
Income (loss) from continuing operations: (3,479)(10,740)5,265(7,950)4,579(2,208)
Income (loss) before gain (loss) on sale of properties:(3,479)(10,740)5,265(7,950)4,579(2,208)
Net income (loss): (3,479)(10,740)5,265(7,950)4,579(2,208)
Other undisclosed net loss attributable to parent      (17,506)
Net income (loss) available to common stockholders, diluted: (3,479)(10,740)5,265(7,950)4,579(19,714)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss): (3,479)(10,740)5,265(7,950)4,579(2,208)
Other comprehensive income 3,547     
Comprehensive income (loss), net of tax, attributable to parent: 68(10,740)5,265(7,950)4,579(2,208)

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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