Southern Concepts Restaurant Group, Inc. (RIBS) financial statements (2022 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
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
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments661112601,107549369443
Cash and cash equivalents661112601,107549369443
Inventory, net of allowances, customer advances and progress billings82889091879465
Inventory82889091879465
Prepaid expense704381117143207164
Total current assets:2182424311,316780670671
Noncurrent Assets
Property, plant and equipment3,7723,9574,1004,2794,1894,0173,599
Long-term investments and receivables26262626262626
Due from related parties26262626262626
Intangible assets, net (including goodwill)32333436373839
Intangible assets, net (excluding goodwill)32333436373839
Deposits noncurrent assets121121121121969681
Deferred costs    71421
Total noncurrent assets:3,9504,1374,2814,4614,3554,1913,766
TOTAL ASSETS:4,1684,3794,7125,7775,1344,8614,437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities450340331529313488480
Accounts payable155615425669162151
Accrued liabilities295279277272244327330
Debt232275175(914)496505472
Due to related parties1,116567476784  90
Other undisclosed current liabilities2331401301,04310999137
Total current liabilities:2,0311,3221,1111,4429181,0921,180
Noncurrent Liabilities
Long-term debt and lease obligation1,1591,2011,1551,1101,072968815
Long-term debt, excluding current maturities1,1591,2011,1551,1101,072968815
Liabilities, other than long-term debt2902973033101,1081,022935
Deferred revenue and credits290297303310316321325
Due to related parties    793701610
Other undisclosed noncurrent liabilities193257270483   
Total noncurrent liabilities:1,6421,7551,7291,9032,1801,9901,750
Total liabilities:3,6733,0782,8403,3453,0983,0822,931
Stockholders' equity
Stockholders' equity attributable to parent, including:2869021,3391,8301,2441,2011,487
Preferred stock232323249249249249
Common stock10,47710,26610,1329,7999,2408,5028,074
Additional paid in capital4,2964,1744,0823,8742,9752,8372,695
Accumulated deficit(14,509)(13,562)(12,898)(12,092)(11,220)(10,388)(9,531)
Warrants and rights outstanding    285732732
Other undisclosed stockholders' equity attributable to parent    (285)(732)(732)
Stockholders' equity attributable to noncontrolling interest20939953460279257920
Other undisclosed stockholders' equity      0
Total stockholders' equity:4951,3011,8722,4322,0361,7791,507
TOTAL LIABILITIES AND EQUITY:4,1684,3794,7125,7775,1344,8614,437

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

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Revenues1,7091,9801,8821,7861,7371,8151,241
Cost of revenue
(Cost of Goods and Services Sold)
(1,839)(2,019)(1,923)(1,897)(1,771)(1,803)(1,268)
Gross profit:(130)(40)(42)(110)(34)12(27)
Operating expenses(2,410)(2,541)(2,609)(2,642)(2,517)(2,617)(1,963)
Other undisclosed operating income1,8392,0191,9231,8971,7711,8031,268
Operating loss:(701)(562)(727)(856)(780)(802)(722)
Interest and debt expense(188)(186)(186)(176)(178)(195)(181)
Other undisclosed income from continuing operations before equity method investments, income taxes   109   
Net loss:(889)(748)(913)(922)(958)(996)(904)
Net income attributable to noncontrolling interest13895107    
Other undisclosed net loss attributable to parent   (109)   
Net loss available to common stockholders, diluted:(751)(653)(806)(1,031)(958)(996)(904)

Comprehensive Income ($ in thousands)

9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
Net loss:(889)(748)(913)(922)(958)(996)(904)
Comprehensive loss:(889)(748)(913)(922)(958)(996)(904)
Comprehensive income, net of tax, attributable to noncontrolling interest13895107    
Comprehensive loss, net of tax, attributable to parent:(751)(653)(806)(922)(958)(996)(904)

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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