Phoenix Rising Companies (PRCX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
641 10TH STREET CEDARTOWN, GA 30125 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 1/31/2018 | 1/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 102 | 186 | 278 | 257 | 45 | 53 | |||
| Cash and cash equivalent | 102 | 186 | 278 | 257 | 45 | 53 | |||
| Receivables | 9,318 | 548 | 38,320 | 24,424 | 69,813 | ||||
| Inventory, net of allowances, customer advances and progress billings | 7,734 | 5,310 | 7,225 | 1,246 | |||||
| Inventory | 7,734 | 5,310 | 7,225 | 1,246 | |||||
| Prepaid expense | 21 | ||||||||
| Other current assets | 151 | 23 | |||||||
| Other undisclosed current assets | 4,610 | 884 | 42 | 46 | |||||
| Total current assets: | 17,305 | 10,129 | 8,935 | 39,866 | 24,515 | 69,886 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 466 | 552 | 11 | 102 | |||||
| Intangible assets, net (including goodwill) | 1,980 | 1,980 | 3,200 | 3,200 | 1,980 | 1,980 | |||
| Goodwill | 1,980 | 1,980 | 3,200 | 3,200 | 1,980 | 1,980 | |||
| Total noncurrent assets: | 1,980 | 1,980 | 3,666 | 3,751 | 1,990 | 2,082 | |||
| TOTAL ASSETS: | 19,285 | 12,109 | 12,601 | 43,617 | 26,506 | 71,968 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 131 | 119 | 86 | 32,868 | 1,229 | 1,047 | |||
| Interest and dividends payable | ✕ | 54 | 6 | ||||||
| Taxes payable | ✕ | 164 | 230 | 6 | 9 | ||||
| Employee-related liabilities | ✕ | 0 | 3 | ||||||
| Accounts payable | 8,490 | 2,282 | 1,462 | 32,594 | 1,129 | 1,003 | |||
| Accrued liabilities | 128 | 45 | 24 | ||||||
| Other undisclosed accounts payable and accrued liabilities | (8,487) | (2,218) | (1,545) | 69 | 32 | ||||
| Debt | 1,462 | 575 | 40 | 795 | |||||
| Derivative instruments and hedges, liabilities | 2,768 | 16,614 | 356 | ||||||
| Other liabilities | 46 | 14 | |||||||
| Due to related parties | 24 | 108 | 254 | 1,116 | 17,745 | ||||
| Other undisclosed current liabilities | 9,576 | 2,830 | 1,606 | 107 | 273 | 64,607 | |||
| Total current liabilities: | 13,962 | 20,245 | 2,341 | 34,091 | 20,089 | 65,668 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 217 | 182 | 156 | ||||||
| Long-term debt, excluding current maturities | 217 | 182 | 156 | ||||||
| Liabilities, other than long-term debt | 40 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 40 | ||||
| Other undisclosed noncurrent liabilities | 18 | ||||||||
| Total noncurrent liabilities: | 217 | 182 | 174 | 40 | |||||
| Total liabilities: | 14,179 | 20,427 | 2,515 | 34,131 | 20,089 | 65,668 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 5,106 | (8,318) | 10,086 | 9,486 | 6,417 | 3,215 | |||
| Common stock | 17 | 12 | 1 | 52 | 7 | 7 | |||
| Additional paid in capital | 45,317 | 42,434 | 8,936 | 8,885 | 8,266 | 8,155 | |||
| Accumulated other comprehensive income (loss) | 89 | (97) | (506) | (443) | 67 | (130) | |||
| Retained earnings (accumulated deficit) | (15,795) | (26,146) | 1,655 | 992 | (5,143) | (4,817) | |||
| Stockholders' equity note, subscriptions receivable | (24,522) | 24,522 | |||||||
| Other undisclosed equity, attributable to parent | 0 | (49,044) | 3,219 | ||||||
| Equity, attributable to noncontrolling interest | 3,219 | 3,085 | |||||||
| Other undisclosed equity | (3,219) | ||||||||
| Total equity: | 5,106 | (8,318) | 10,086 | 9,486 | 6,417 | 6,300 | |||
| TOTAL LIABILITIES AND EQUITY: | 19,285 | 12,109 | 12,601 | 43,617 | 26,506 | 71,968 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 1/31/2018 | 1/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,431 | 14,355 | 29,787 | 37,071 | 39,613 | 94,804 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 39,613 | 94,804 | |
| Revenue from related parties | 29,274 | 32,274 | ✕ | ✕ | ||||
| Cost of revenue (Cost of Product and Service Sold) | (13,363) | (14,281) | (28,270) | (35,219) | (39,350) | (94,247) | ||
| Gross profit: | 68 | 74 | 1,517 | 1,852 | 263 | 557 | ||
| Operating expenses | (799) | (3,087) | (859) | (724) | (576) | (750) | ||
| Operating income (loss): | (731) | (3,013) | 658 | 1,128 | (313) | (193) | ||
| Nonoperating income (expense) | 11,097 | (22,768) | 309 | 85 | (64) | (2,012) | ||
| Investment income, nonoperating | (29) | (34) | ||||||
| Other nonoperating income (expense) | 566 | 207 | (1) | (4) | ||||
| Interest and debt expense | (1,111) | (798) | (26) | (88) | (63) | (100) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 9,255 | (26,579) | 941 | 1,125 | (441) | (2,305) | ||
| Other undisclosed income from continuing operations before income taxes | 1,111 | 798 | 26 | 88 | 63 | 178 | ||
| Income (loss) from continuing operations before income taxes: | 10,366 | (25,781) | 967 | 1,213 | (377) | (2,127) | ||
| Income tax expense | (15) | (21) | (304) | (237) | (6) | (5) | ||
| Income (loss) from continuing operations: | 10,351 | (25,801) | 663 | 976 | (383) | (2,132) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (25,801) | 663 | 1,434 | (383) | (2,132) | |
| Income from discontinued operations | 458 | |||||||
| Other undisclosed net loss | (0) | |||||||
| Net income (loss): | 10,351 | (25,801) | 663 | 1,434 | (383) | (2,132) | ||
| Net income attributable to noncontrolling interest | 22 | 62 | 80 | |||||
| Other undisclosed net income attributable to parent | 0 | |||||||
| Net income (loss) attributable to parent: | 10,351 | (25,801) | 663 | 1,456 | (321) | (2,053) | ||
| Preferred stock dividends and other adjustments | (1,999) | |||||||
| Net income (loss) available to common stockholders, diluted: | 10,351 | (27,801) | 663 | 1,456 | (321) | (2,053) | ||
Comprehensive Income ($ in thousands)
| 9/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 1/31/2018 | 1/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 10,351 | (25,801) | 663 | 1,434 | (383) | (2,132) | ||
| Other comprehensive income (loss) | (63) | (399) | 394 | (2,391) | ||||
| Other undisclosed comprehensive income (loss) | 186 | (1,591) | (1,047) | (145) | 4,731 | |||
| Comprehensive income (loss): | 10,537 | (27,392) | 600 | (13) | (134) | 208 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 22 | 62 | 80 | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 988 | (52) | (2,471) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 10,537 | (27,392) | 600 | 998 | (123) | (2,183) | ||
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.