Life Clips, Inc. (LCLP) Financial Statements (2026 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)Annual | Quarterly
| 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | 3/31/2021 Q3 | 12/31/2020 Q2 | 9/30/2020 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,017 | 2,072 | 231 | 39 | 15 | 6 | |||
| Cash and cash equivalent | 2,017 | 2,072 | 231 | 39 | 15 | 6 | |||
| Receivables | 1,148 | 379 | |||||||
| Other current assets | 350 | 1,625 | |||||||
| Other undisclosed current assets | 34 | ||||||||
| Total current assets: | 3,515 | 4,076 | 265 | 39 | 15 | 6 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 183 | 92 | |||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 1,091 | 1,411 | |||||||
| Intangible asset, including goodwill, after accumulated amortization | 46,063 | 43,753 | |||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 46,063 | 43,753 | |||||||
| Other undisclosed noncurrent assets | 6 | 19 | 38 | ||||||
| Total noncurrent assets: | 47,342 | 45,275 | 38 | ||||||
| TOTAL ASSETS: | 50,858 | 49,351 | 303 | 39 | 15 | 6 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,556 | 1,170 | 921 | 2,022 | 1,933 | 1,827 | |||
| Accounts payable | 2,388 | 1,079 | 400 | 361 | 366 | 354 | |||
| Accrued liabilities | 168 | 91 | 522 | 1,661 | 1,568 | 1,473 | |||
| Debt | 250 | 35 | 530 | 530 | |||||
| Derivative instruments and hedges, liabilities | 1,577 | 4,172 | 9,166 | 6,151 | |||||
| Due to related parties | 4,247 | 5,504 | 1,156 | 988 | 913 | 838 | |||
| Other undisclosed current liabilities | 3,968 | 102 | 2,975 | 2,433 | 2,429 | ||||
| Total current liabilities: | 11,021 | 6,776 | 3,654 | 10,193 | 14,976 | 11,775 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 85 | 4,405 | |||||||
| Long-term debt, excluding current maturities | 4,370 | ||||||||
| Operating lease, liability | 85 | 35 | |||||||
| Other undisclosed noncurrent liabilities | 18,938 | 15,734 | |||||||
| Total noncurrent liabilities: | 19,108 | 20,174 | |||||||
| Other undisclosed liabilities | 4,174 | ||||||||
| Total liabilities: | 30,129 | 26,950 | 7,828 | 10,193 | 14,976 | 11,775 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 20,729 | 22,401 | (7,524) | (10,153) | (14,960) | (11,769) | |||
| Preferred stock | 1 | 1 | 1 | ||||||
| Common stock | 1,743 | 1,618 | 1,323 | 1,260 | 1,260 | 1,260 | |||
| Additional paid in capital | 55,770 | 54,115 | 23,866 | 9,219 | 9,219 | 9,219 | |||
| Accumulated other comprehensive loss | (114) | (93) | (68) | ||||||
| Accumulated deficit | (36,737) | (33,295) | (32,780) | (20,758) | (25,565) | (22,374) | |||
| Other undisclosed equity, attributable to parent | 67 | 56 | 135 | 125 | 125 | 125 | |||
| Total equity: | 20,729 | 22,401 | (7,524) | (10,153) | (14,960) | (11,769) | |||
| TOTAL LIABILITIES AND EQUITY: | 50,858 | 49,351 | 303 | 39 | 15 | 6 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | 3/31/2021 Q3 | 12/31/2020 Q2 | 9/30/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,235 | 46 | 50 | |||||
| Cost of revenue (Cost of Product and Service Sold) | (679) | |||||||
| Gross profit: | 1,556 | 46 | ||||||
| Operating expenses | (1,697) | (462) | (313) | (91) | (113) | (83) | ||
| Other undisclosed operating income | 50 | |||||||
| Operating loss: | (141) | (417) | (263) | (91) | (113) | (83) | ||
| Nonoperating income (expense) | (3,302) | (97) | (11,759) | 4,898 | (3,079) | 7,010 | ||
| Interest and debt expense | (82) | 16 | 230 | (105) | (98) | (94) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (3,524) | (499) | (11,793) | 4,702 | (3,290) | 6,834 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 82 | (16) | (230) | 105 | 98 | 94 | ||
| Income (loss) from continuing operations: | (3,442) | (514) | (12,022) | 4,807 | (3,191) | 6,927 | ||
| Income (loss) before gain (loss) on sale of properties: | (3,442) | (514) | (12,022) | 4,807 | (3,191) | 6,927 | ||
| Net income (loss) available to common stockholders, diluted: | (3,442) | (514) | (12,022) | 4,807 | (3,191) | 6,927 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2022 Q3 | 12/31/2021 Q2 | 9/30/2021 Q1 | 6/30/2021 Q4 | 3/31/2021 Q3 | 12/31/2020 Q2 | 9/30/2020 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,442) | (514) | (12,022) | 4,807 | (3,191) | 6,927 | ||
| Other comprehensive income (loss) | (33) | (5) | ||||||
| Other undisclosed comprehensive income | 3,547 | |||||||
| Comprehensive income (loss): | (3,475) | (520) | (8,475) | 4,807 | (3,191) | 6,927 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 12 | (20) | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,463) | (540) | (8,475) | 4,807 | (3,191) | 6,927 | ||
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.