Southern Concepts Restaurant Group, Inc. (RIBS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2 N. CASCADE AVE., SUITE 1400 COLORADO SPRINGS, CO 80903 |
| State of Incorp. | CO |
| Fiscal Year End | December 31 |
| Industry (SIC) | 581 - Eating And Drinking Places (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 1,107 | 1,182 | 14 | 962 | |||
| Cash and cash equivalent | 1,107 | 1,182 | 14 | 962 | |||
| Inventory, net of allowances, customer advances and progress billings | 91 | 64 | 32 | ✕ | |||
| Inventory | 91 | 64 | 32 | ||||
| Prepaid expense | 117 | 66 | 5 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 243 | ||
| Total current assets: | 1,316 | 1,312 | 51 | 1,205 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 4,279 | 2,986 | 2,444 | 1,452 | |||
| Long-term investments and receivables | 26 | 26 | |||||
| Due from related parties | 26 | 26 | |||||
| Intangible assets, net (including goodwill) | 36 | 41 | 46 | 300 | |||
| Intangible assets, net (excluding goodwill) | 36 | 41 | 46 | 300 | |||
| Deposits noncurrent assets | 121 | 81 | 18 | 18 | |||
| Deferred costs | 28 | ||||||
| Total noncurrent assets: | 4,461 | 3,161 | 2,507 | 1,770 | |||
| TOTAL ASSETS: | 5,777 | 4,474 | 2,558 | 2,975 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 529 | 321 | 160 | 527 | |||
| Accounts payable | 256 | 92 | 81 | 454 | |||
| Accrued liabilities | 272 | 230 | 79 | 74 | |||
| Debt | (914) | 466 | 212 | 56 | |||
| Due to related parties | 784 | 117 | |||||
| Other undisclosed current liabilities | 1,043 | (117) | 265 | 9 | |||
| Total current liabilities: | 1,442 | 787 | 636 | 592 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 1,110 | 1,965 | 533 | 954 | |||
| Long-term debt, excluding current maturities | 1,110 | 1,965 | 533 | 954 | |||
| Liabilities, other than long-term debt | 310 | 823 | 235 | 233 | |||
| Deferred revenue and credits | 310 | 303 | 235 | 233 | |||
| Due to related parties | 520 | ||||||
| Other undisclosed noncurrent liabilities | 483 | (1,243) | |||||
| Total noncurrent liabilities: | 1,903 | 1,546 | 768 | 1,187 | |||
| Total liabilities: | 3,345 | 2,333 | 1,404 | 1,779 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | 1,830 | 2,075 | 715 | 664 | |||
| Preferred stock | 249 | 249 | |||||
| Common stock | 9,799 | 7,917 | 4,926 | 2,725 | |||
| Additional paid in capital | 3,874 | 2,602 | 1,087 | 674 | |||
| Accumulated deficit | (12,092) | (8,693) | (5,298) | ||||
| Warrants and rights outstanding | 732 | 44 | |||||
| Other undisclosed equity, attributable to parent | (732) | (44) | (2,735) | ||||
| Equity, attributable to noncontrolling interest | 602 | 65 | 439 | 532 | |||
| Total equity: | 2,432 | 2,141 | 1,154 | 1,196 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,777 | 4,474 | 2,558 | 2,975 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 6,579 | 5,144 | 2,099 | 150 | ||
| Revenue, net | 150 | 150 | 150 | |||
| Cost of revenue (Cost of Product and Service Sold) | (6,754) | (5,490) | (2,773) | (113) | ||
| Gross profit: | (175) | (346) | (674) | 37 | ||
| Operating expenses | (9,739) | (8,776) | (4,465) | (1,809) | ||
| Other undisclosed operating income (loss) | 6,754 | 5,490 | 2,773 | (37) | ||
| Operating loss: | (3,159) | (3,632) | (2,366) | (1,809) | ||
| Nonoperating income (Debt Instrument, Convertible, Beneficial Conversion Feature) | 109 | 1,041 | 284 | 284 | ||
| Interest and debt expense | (730) | (137) | (516) | (776) | ||
| Loss from continuing operations before income taxes: | (3,780) | (2,729) | (2,598) | (2,302) | ||
| Income tax expense | (632) | |||||
| Loss from continuing operations: | (3,780) | (2,729) | (2,598) | (2,933) | ||
| Loss before gain (loss) on sale of properties: | (3,780) | (2,729) | (2,598) | (2,933) | ||
| Net loss: | (3,780) | (2,729) | (2,598) | (2,933) | ||
| Other undisclosed net income (loss) attributable to parent | (109) | (1,041) | (284) | 348 | ||
| Net loss available to common stockholders, diluted: | (3,889) | (3,769) | (2,881) | (2,585) | ||
Comprehensive Income ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (3,780) | (2,729) | (2,598) | (2,933) | ||
| Comprehensive loss, net of tax, attributable to parent: | (3,780) | (2,729) | (2,598) | (2,933) | ||
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.