Labor Smart Inc (LTNC) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12713811269440275724
Cash and cash equivalents12713811269440275724
Receivables    1,4831,351763
Deferred costs    72139
Other undisclosed current assets3,1623,7032,9163,9452,5011,7651,377
Total current assets:3,2893,8413,0284,0144,4323,4122,903
Noncurrent Assets
Other undisclosed noncurrent assets1,1641,2121,1841,101922684264
Total noncurrent assets:1,1641,2121,1841,101922684264
TOTAL ASSETS:4,4545,0544,2125,1155,3544,0973,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:203170162191(343)(231) 
Employee-related liabilities2,0272,5101,6231,303(343)(231) 
Other undisclosed accounts payable and accrued liabilities(1,824)(2,340)(1,461)(1,113)   
Debt136      
Derivative instruments and hedges, liabilities 37947560498544123
Business combination, contingent consideration, liability114132122122   
Other undisclosed current liabilities8,0268,0566,6856,8527,0366,1474,823
Total current liabilities:8,4798,7377,4457,7687,6775,9594,945
Noncurrent Liabilities
Liabilities, other than long-term debt114132149 54  
Business combination, contingent consideration, liability114132149 54  
Other undisclosed noncurrent liabilities(114)(132)(122)44 26237
Total noncurrent liabilities:  27445426237
Total liabilities:8,4798,7377,4717,8127,7316,2214,982
Stockholders' equity
Stockholders' equity attributable to parent(4,025)(3,684)(3,259)(2,696)(2,378)(2,124)(1,815)
Common stock6647302292522
Common stock, share subscribed but unissued, subscriptions receivable     23 
Additional paid in capital6,7436,5616,4415,5503,8003,0252,420
Accumulated other comprehensive income (loss)6548466573(5)1
Accumulated deficit(10,900)(10,340)(9,776)(8,313)(6,278)(5,191)(4,258)
Total stockholders' equity:(4,025)(3,684)(3,259)(2,696)(2,378)(2,124)(1,815)
TOTAL LIABILITIES AND EQUITY:4,4545,0544,2125,1155,3544,0973,167

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Revenues5,7556,3704,7095,8946,8366,4354,793
Revenue, net5,7506,3704,7115,8996,8486,4384,793
Cost of revenue(4,220)(4,643)(4,394)(5,810)(5,133)(5,072)(4,381)
Cost of goods and services sold(4,220)(4,643)(3,484)(4,060)(5,133)(5,072)(3,685)
Financial services costs  (910)(1,750)  (696)
Other undisclosed gross profit(5)09121,755123696
Gross profit:1,5291,7271,2271,8401,7151,3661,108
Operating expenses(2,405)(1,864)(1,788)(1,795)(1,816)(1,502)(1,384)
Operating income (loss):(876)(137)(561)44(101)(136)(276)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(357)147128(161)19115611
Interest and debt expense(348)(574)(1,028)(1,913)(1,165)(950)(798)
Net loss:(1,581)(564)(1,461)(2,029)(1,075)(930)(1,064)
Other undisclosed net income (loss) attributable to parent1,021(0)(2)(5)(12)(3)(0)
Net loss available to common stockholders, diluted:(560)(564)(1,462)(2,035)(1,087)(933)(1,065)

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
Net loss:(1,581)(564)(1,461)(2,029)(1,075)(930)(1,064)
Other comprehensive income (loss) 2(19)(8)78(7) 
Comprehensive loss:(1,581)(562)(1,479)(2,037)(997)(937)(1,064)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,021(0)(2)(5)(12)(3)2
Comprehensive loss, net of tax, attributable to parent:(560)(562)(1,481)(2,043)(1,009)(940)(1,062)

Statements sources

The financial statements are based on the company's filings with the 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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