Labor Smart Inc (LTNC) Financial Statements (2023 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)Annual | Quarterly
| 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 investments | 127 | 138 | 112 | 69 | 440 | 275 | 724 | ||
| Cash and cash equivalents | 127 | 138 | 112 | 69 | 440 | 275 | 724 | ||
| Receivables | 1,483 | 1,351 | 763 | ||||||
| Deferred costs | 7 | 21 | 39 | ||||||
| Other undisclosed current assets | 3,162 | 3,703 | 2,916 | 3,945 | 2,501 | 1,765 | 1,377 | ||
| Total current assets: | 3,289 | 3,841 | 3,028 | 4,014 | 4,432 | 3,412 | 2,903 | ||
| Noncurrent Assets | |||||||||
| Other undisclosed noncurrent assets | 1,164 | 1,212 | 1,184 | 1,101 | 922 | 684 | 264 | ||
| Total noncurrent assets: | 1,164 | 1,212 | 1,184 | 1,101 | 922 | 684 | 264 | ||
| TOTAL ASSETS: | 4,454 | 5,054 | 4,212 | 5,115 | 5,354 | 4,097 | 3,167 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 203 | 170 | 162 | 191 | (343) | (231) | |||
| Employee-related liabilities | 2,027 | 2,510 | 1,623 | 1,303 | (343) | (231) | |||
| Other undisclosed accounts payable and accrued liabilities | (1,824) | (2,340) | (1,461) | (1,113) | |||||
| Debt | 136 | ||||||||
| Derivative instruments and hedges, liabilities | 379 | 475 | 604 | 985 | 44 | 123 | |||
| Business combination, contingent consideration, liability | 114 | 132 | 122 | 122 | |||||
| Other undisclosed current liabilities | 8,026 | 8,056 | 6,685 | 6,852 | 7,036 | 6,147 | 4,823 | ||
| Total current liabilities: | 8,479 | 8,737 | 7,445 | 7,768 | 7,677 | 5,959 | 4,945 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 114 | 132 | 149 | 54 | |||||
| Business combination, contingent consideration, liability | 114 | 132 | 149 | 54 | |||||
| Other undisclosed noncurrent liabilities | (114) | (132) | (122) | 44 | 262 | 37 | |||
| Total noncurrent liabilities: | 27 | 44 | 54 | 262 | 37 | ||||
| Total liabilities: | 8,479 | 8,737 | 7,471 | 7,812 | 7,731 | 6,221 | 4,982 | ||
| Equity | |||||||||
| Equity, attributable to parent | (4,025) | (3,684) | (3,259) | (2,696) | (2,378) | (2,124) | (1,815) | ||
| Common stock | 66 | 47 | 30 | 2 | 29 | 25 | 22 | ||
| Common stock, share subscribed but unissued, subscriptions receivable | 23 | ||||||||
| Additional paid in capital | 6,743 | 6,561 | 6,441 | 5,550 | 3,800 | 3,025 | 2,420 | ||
| Accumulated other comprehensive income (loss) | 65 | 48 | 46 | 65 | 73 | (5) | 1 | ||
| Accumulated deficit | (10,900) | (10,340) | (9,776) | (8,313) | (6,278) | (5,191) | (4,258) | ||
| Total equity: | (4,025) | (3,684) | (3,259) | (2,696) | (2,378) | (2,124) | (1,815) | ||
| TOTAL LIABILITIES AND EQUITY: | 4,454 | 5,054 | 4,212 | 5,115 | 5,354 | 4,097 | 3,167 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 5,755 | 6,370 | 4,709 | 5,894 | 6,836 | 6,435 | 4,793 | |
| Revenue, net | 5,750 | 6,370 | 4,711 | 5,899 | 6,848 | 6,438 | 4,793 | |
| 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) | 0 | 912 | 1,755 | 12 | 3 | 696 | |
| Gross profit: | 1,529 | 1,727 | 1,227 | 1,840 | 1,715 | 1,366 | 1,108 | |
| 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) | 147 | 128 | (161) | 191 | 156 | 11 | |
| Interest and debt expense | (348) | (574) | (1,028) | (1,913) | (1,165) | (950) | (798) | |
| Loss from continuing operations: | (1,581) | (564) | (1,461) | (2,029) | (1,075) | (930) | (1,064) | |
| Loss before gain (loss) on sale of properties: | (1,581) | (564) | (1,461) | (2,029) | (1,075) | (930) | (1,064) | |
| Net loss: | (1,581) | (564) | (1,461) | (2,029) | (1,075) | (930) | (1,064) | |
| Other undisclosed net income (loss) attributable to parent | 1,021 | (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)Annual | Quarterly
| 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 parent | 1,021 | (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 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.