The Real Good Food Company Inc. (RGF) Financial Statements (2024 and earlier)

Company Profile

Business Address 3 EXECUTIVE CAMPUS, SUITE 155
CHERRY HILL, NJ 08002
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,27927,435
Cash and cash equivalents5,27927,435
Receivables20,3168,968
Inventory, net of allowances, customer advances and progress billings39,47916,622
Inventory39,47916,622
Other current assets1,0269,927
Total current assets:66,10062,952
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  822
Operating lease, right-of-use asset10,88112,127
Property, plant and equipment38,49710,289
Intangible assets, net (including goodwill)12,48612,486
Goodwill12,48612,486
Restricted cash and investments  2,300
Other noncurrent assets1871,162
Other undisclosed noncurrent assets3,2886
Total noncurrent assets:65,33939,192
TOTAL ASSETS:131,439102,144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities27,14321,968
Accounts payable23,42415,205
Accrued liabilities3,7196,763
Debt370328
Liabilities of business transferred under contractual arrangement 9468,111
Other liabilities  
Due to related parties 1
Other undisclosed current liabilities4,7651,237
Total current liabilities:33,22431,645
Noncurrent Liabilities
Long-term debt and lease obligation93,58036,162
Long-term debt, excluding current maturities69,48124,759
Finance lease, liability24,099154
Liabilities, other than long-term debt12,7373,352
Liabilities of business transferred under contractual arrangement 2,4053,352
Other liabilities302 
Operating lease, liability10,03011,249
Total noncurrent liabilities:106,31739,514
Total liabilities:139,54171,159
Equity
Equity, attributable to parent, including:35,15039,553
Additional paid in capital56,27349,693
Accumulated deficit(21,126)(10,143)
Other undisclosed equity, attributable to parent33
Other undisclosed equity(43,252)(8,568)
Total equity:(8,102)30,985
TOTAL LIABILITIES AND EQUITY:131,439102,144

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

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues141,58884,085
Cost of revenue(128,339)(73,791)
Gross profit:13,24910,294
Operating expenses(51,638)(63,406)
Operating loss:(38,389)(53,112)
Nonoperating income
(Other Nonoperating income)
144309
Interest and debt expense(7,421)(5,365)
Other undisclosed income from continuing operations before equity method investments, income taxes  
Loss from continuing operations before equity method investments, income taxes:(45,666)(58,168)
Other undisclosed loss from continuing operations before income taxes  (8,925)
Loss from continuing operations:(45,666)(67,093)
Loss before gain (loss) on sale of properties:(67,093)
Net loss:(45,666)(67,093)
Net income attributable to noncontrolling interest34,68432,117
Other undisclosed net loss attributable to parent(1)(32,117)
Net loss attributable to parent:(10,983)(67,093)
Other undisclosed net income available to common stockholders, basic 56,950
Net loss available to common stockholders, diluted:(10,983)(10,143)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(45,666)(67,093)
Comprehensive loss:(45,666)(67,093)
Comprehensive income, net of tax, attributable to noncontrolling interest34,68432,117
Comprehensive loss, net of tax, attributable to parent:(10,982)(34,976)

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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