TRxADE HEALTH Inc. (MEDS) Financial Statements (2024 and earlier)

Company Profile

Business Address 2420 BRUNELLO TRACE
LUTZ, FL 33558
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1343,1235,9202,872870184
Cash and cash equivalents1,1343,1235,9202,872870184
Receivables729979805792434319
Inventory, net of allowances, customer advances and progress billings120561,2585780 
Inventory120561,2585780 
Prepaid expense1112161518283102
Other current assets      2
Other undisclosed current assets  1,088   
Total current assets:2,0934,3749,2213,8031,466607
Noncurrent Assets
Operating lease, right-of-use asset1,0521,233387758
Property, plant and equipment659916217515 
Intangible assets, net (including goodwill), including:451  726726 
Goodwill    726726 
Intangible assets, net (excluding goodwill)      
Other undisclosed intangible assets, net (including goodwill) 451     
Prepaid expense      10
Deposits noncurrent assets4960222221 
Deferred costs    88  
Total noncurrent assets:1,6171,3925711,76976210
TOTAL ASSETS:3,7105,7669,7935,5712,228617
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,019747476433539263
Accounts payable729477257335401106
Accrued liabilities29027021999138157
Deferred revenue   10 
Debt   87182262
Other liabilities68     
Due to related parties167 225   
Other undisclosed current liabilities893179131 140 
Total current liabilities:2,147926842521860525
Noncurrent Liabilities
Long-term debt and lease obligation 1,070271685 404
Long-term debt, excluding current maturities     404
Liabilities, other than long-term debt1,220  225523 
Due to related parties333  225523 
Other liabilities 887     
Operating lease, liability 1,070271685
Other undisclosed noncurrent liabilities  (1,070)(271)   
Total noncurrent liabilities:1,2201,070271910523404
Total liabilities:3,3671,9961,1141,4311,383929
Equity
Equity, attributable to parent7633,7708,6794,140845(312)
Common stock000000
Additional paid in capital20,48320,01819,61112,5368,9557,808
Accumulated deficit(19,720)(16,247)(10,932)(8,396)(8,111)(8,120)
Equity, attributable to noncontrolling interest (420)     
Total equity:3433,7708,6794,140845(312)
TOTAL LIABILITIES AND EQUITY:3,7105,7669,7935,5712,228617

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues11,4489,88917,1237,4363,832 
Cost of revenue
(Cost of Goods and Services Sold)
(5,997)(5,143)(11,415)(2,566)(449) 
Other undisclosed gross profit      2,931
Gross profit:5,4514,7465,7074,8713,3832,931
Operating expenses(9,876)(10,038)(8,214)(4,746)(3,473)(2,536)
Other undisclosed operating income     2 
Operating income (loss):(4,424)(5,292)(2,507)125(88)395
Nonoperating income (expense)514  (178)16251
Investment income, nonoperating    (250) (17)
Other nonoperating income21  7216268
Interest and debt expense(336)(24)(29)(232)(65)(157)
Income (loss) from continuing operations before equity method investments, income taxes:(4,246)(5,316)(2,536)(284)9289
Loss from equity method investments    (250)  
Income (loss) from continuing operations:(4,246)(5,316)(2,536)(534)9289
Income (loss) before gain (loss) on sale of properties:(5,316)(2,536)(534)9289
Loss from discontinued operations      
Other undisclosed net income336  250  
Net income (loss):(3,910)(5,316)(2,536)(284)9289
Net income attributable to noncontrolling interest 438     
Net income (loss) available to common stockholders, diluted:(3,472)(5,316)(2,536)(284)9289

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(3,910)(5,316)(2,536)(284)9289
Comprehensive income (loss):(3,910)(5,316)(2,536)(284)9289
Comprehensive income, net of tax, attributable to noncontrolling interest 438     
Comprehensive income (loss), net of tax, attributable to parent:(3,472)(5,316)(2,536)(284)9289

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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