Labor Smart Inc (LTNC) Financial Statements (2024 and earlier)

Company Profile

Business Address 3270 FLORENCE ROAD
POWDER SPRINGS, GA 30127
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 69179125
Cash and cash equivalents 69179125
Deferred costs  5884
Other undisclosed current assets 3,9452,003818
Total current assets: 4,0142,2401,026
Noncurrent Assets
Other undisclosed noncurrent assets 1,101256 
Total noncurrent assets: 1,101256 
TOTAL ASSETS: 5,1152,4961,026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 191 19
Employee-related liabilities 1,303  
Other undisclosed accounts payable and accrued liabilities (1,113) 19
Derivative instruments and hedges, liabilities 60421 
Business combination, contingent consideration, liability 122
Other undisclosed current liabilities 6,8523,5911,106
Total current liabilities: 7,7683,6121,125
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 4479 
Total noncurrent liabilities: 4479 
Total liabilities: 7,8123,6911,125
Equity
Equity, attributable to parent, including: (2,696)(1,195)(99)
Common stock 22117
Additional paid in capital 5,5501,978349
Accumulated other comprehensive income 65  
Accumulated deficit (8,313) (471)
Other undisclosed equity, attributable to parent  (3,194)6
Total equity: (2,696)(1,195)(99)
TOTAL LIABILITIES AND EQUITY: 5,1152,4961,026

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

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 23,95716,6527,176
Revenue, net 23,97816,652 
Cost of revenue (22,090)(14,652)(5,891)
Cost of goods and services sold (17,950)(13,953)(5,956)
Financial services costs (4,139)(699)65
Other undisclosed gross profit 4,160699(65)
Gross profit: 6,0282,6991,220
Operating expenses (6,498)(4,436)(1,520)
Operating loss: (470)(1,737)(300)
Nonoperating income
(Investment Income, Nonoperating)
 19745 
Interest and debt expense (4,826)1,035145
Loss from continuing operations: (5,099)(657)(154)
Loss before gain (loss) on sale of properties: (5,099)(657)(154)
Net loss: (5,099)(657)(154)
Other undisclosed net loss attributable to parent (21)  
Net loss available to common stockholders, diluted: (5,120)(657)(154)

Comprehensive Income ($ in thousands)

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net loss: (5,099)(657)(154)
Other comprehensive income 65  
Comprehensive loss: (5,033)(657)(154)
Other undisclosed comprehensive loss, net of tax, attributable to parent (21)(2,073)(289)
Comprehensive loss, net of tax, attributable to parent: (5,054)(2,730)(443)

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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