Phoenix Rising Companies (PRCX) financial statements (2022 and earlier)

Company profile

Business Address 641 10TH STREET
CEDARTOWN, GA 30125
State of Incorp. NV
Fiscal Year End December 31
SIC 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10220338917518662675
Cash and cash equivalents10220338917518662675
Receivables9,3185,2967,1442,417 5,7876,415
Inventory, net of allowances, customer advances and progress billings7,7349,2639,27812,6505,3107,3027,139
Inventory7,7349,2639,27812,6505,3107,3027,139
Other current assets151  1023  
Other undisclosed current assets 1061,1051,4954,610946940
Total current assets:17,30514,86817,91516,74710,12914,66114,569
Noncurrent Assets
Property, plant and equipment     542536
Intangible assets, net (including goodwill)1,9801,9801,9801,9801,9803,2003,200
Goodwill1,9801,9801,9801,9801,9803,2003,200
Total noncurrent assets:1,9801,9801,9801,9801,9803,7423,735
TOTAL ASSETS:19,28516,84819,89518,72712,10918,40318,304
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1317,94110,6599,7451196,6557,380
Accounts payable8,4907,93810,6559,7412,2826,6137,332
Taxes payable2343 2522
Interest and dividends payable126   541725
Other undisclosed accounts payable and accrued liabilities(8,487)   (2,218)  
Debt1,462675537367575152169
Derivative instruments and hedges, liabilities2,76813,50911,91423,28316,6143,2553,292
Due to related parties24 100108108480424
Other undisclosed current liabilities9,5761852191842,83011892
Total current liabilities:13,96222,31023,42833,68620,24510,66011,357
Noncurrent Liabilities
Long-term debt and lease obligation217264276186182404160
Long-term debt, excluding current maturities217264276186182404160
Other undisclosed noncurrent liabilities     (164)(43)
Total noncurrent liabilities:217264276186182240117
Total liabilities:14,17922,57423,70533,87220,42710,90011,473
Stockholders' equity
Stockholders' equity attributable to parent, including:5,106(5,726)(3,809)(15,145)(8,318)7,5036,831
Common stock1714141412118
Additional paid in capital45,3171,1771,07496342,43441,60238,237
Accumulated other comprehensive income (loss)89(91)(83)(178)(97)(368)(651)
Accumulated deficit(15,795)(25,892)(23,799)(34,831)(26,146)(9,221)(6,242)
Stockholders' equity note, subscriptions receivable(24,522)(24,522)(24,522)24,52224,522(24,522)(24,522)
Other undisclosed stockholders' equity attributable to parent043,58743,506(5,635)(49,044)00
Total stockholders' equity:5,106(5,726)(3,809)(15,145)(8,318)7,5036,831
TOTAL LIABILITIES AND EQUITY:19,28516,84819,89518,72712,10918,40318,304

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,8573,1094,1924,2734,1944,7964,440
Cost of revenue(1,848)(3,094)(4,166)(4,255)(4,299)(4,756)(4,369)
Cost of goods and services sold   (4,255)(4,299)(4,756)(4,369)
Gross profit:10142618(105)4071
Operating expenses(167)(286)(211)(136)53(301)(2,556)
Operating loss:(157)(271)(184)(118)(52)(261)(2,485)
Nonoperating income (expense)10,269(1,821)11,216(8,567)(16,873)(2,713)(3,081)
Debt instrument, convertible, beneficial conversion feature      1,999
Other nonoperating income (expense) (1,821)11,216    
Interest and debt expense(243)(247)(289)(332)(263)(248)(211)
Income (loss) from continuing operations before equity method investments, income taxes:9,868(2,340)10,743(9,017)(17,188)(3,223)(5,777)
Other undisclosed income from continuing operations before income taxes243247289332263248211
Income (loss) from continuing operations before income taxes:10,112(2,093)11,032(8,685)(16,925)(2,975)(5,566)
Income tax expense     (4)(13)
Other undisclosed loss from continuing operations(15)      
Income (loss) before gain (loss) on sale of properties:10,097(2,093)11,032(8,685)(16,925)(2,979)(5,579)
Other undisclosed net loss(0)      
Net income (loss):10,097(2,093)11,032(8,685)(16,925)(2,979)(5,579)
Other undisclosed net income (loss) attributable to parent0   1,999 (1,999)
Net income (loss) attributable to parent:10,097(2,093)11,032(8,685)(14,926)(2,979)(7,579)
Preferred stock dividends and other adjustments      (1,999)
Net income (loss) available to common stockholders, basic:10,097(2,093)11,032(8,685)(14,926)(2,979)(9,578)
Interest on convertible debt  286    
Net income (loss) available to common stockholders, diluted:10,097(2,093)11,317(8,685)(14,926)(2,979)(9,578)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):10,097(2,093)11,032(8,685)(16,925)(2,979)(5,579)
Other comprehensive income     28326
Other undisclosed comprehensive income (loss)186   271 (1,999)
Comprehensive income (loss), net of tax, attributable to parent:10,283(2,093)11,032(8,685)(16,654)(2,696)(7,553)

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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