ScripsAmerica Inc (SCRCQ) Financial Statements (2024 and earlier)

Company Profile

Business Address 1094 MAIN AVENUE, SUITE A
CLIFTON, NJ 07011
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4541,2003462794727
Cash and cash equivalents4541,2003462794727
Receivables 11465(90)  718
Inventory, net of allowances, customer advances and progress billings73672836313
Inventory73672836313  
Prepaid expense756233 27 
Deferred costs301     
Advances on inventory purchases  3234   
Other current assets19     
Other undisclosed current assets2,8264,3582,4741,9821,415560
Total current assets:4,5246,4453,1602,2731,4901,305
Noncurrent Assets
Property, plant and equipment101592352 70
Long-term investments and receivables 161  278  
Long-term investments    278  
Accounts and financing receivable, after allowance for credit loss 161     
Intangible assets, net (including goodwill)5384546550
Goodwill   538   
Intangible assets, net (excluding goodwill)53848550  
Other noncurrent assets      
Other undisclosed noncurrent assets 21876826215292 
Total noncurrent assets:1,01883183189529270
Other undisclosed assets 1015923   
TOTAL ASSETS:5,6447,3354,0133,1691,7811,374
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,8732,4751,132626227198
Interest and dividends payable 271250229   
Accounts payable6761220   
Accrued liabilities 6     
Other undisclosed accounts payable and accrued liabilities3,9202,213882626227198
Debt511639766(1,232)512(1,226)
Due to related parties134101113   
Other undisclosed current liabilities1,2411,4011,0053,7732,4504,809
Total current liabilities:6,7594,6163,0163,1663,1883,781
Noncurrent Liabilities
Long-term debt and lease obligation560131165198230262
Long-term debt, excluding current maturities560131165198230262
Liabilities, other than long-term debt96165165   
Accounts payable and accrued liabilities 165165   
Estimated litigation liability      
Due to related parties 96     
Other undisclosed noncurrent liabilities709740768438937185
Total noncurrent liabilities:1,3651,0361,0976361,168447
Total liabilities:8,1245,6514,1133,8024,3564,228
Equity
Equity, attributable to parent, including:(3,523)641(1,143)(1,371)(3,617)(3,896)
Preferred stock  1,0431,0431,0431,0431,043
Common stock1371361331249272
Common stock, share subscribed but unissued, subscriptions receivable    11  
Additional paid in capital15,04114,83214,54813,34810,0466,367
Accumulated deficit(18,424)(13,952)(15,478)(14,843)(13,609)(10,335)
Other undisclosed equity, attributable to parent (277)(1,418)(1,389)(1,054)(1,190)(1,043)
Equity, attributable to noncontrolling interest (375)(346)(305)(147) 
Other undisclosed equity 277751693 2931,043
Total equity:(3,246)1,016(797)(1,677)(3,471)(2,853)
Other undisclosed liabilities and equity7666686971,043896 
TOTAL LIABILITIES AND EQUITY:5,6447,3354,0133,1691,7811,374

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues13,31912,8623,77590715790
Revenue, net13,51312,8173,70182410473
Financial services revenue (202)4475835317
Cost of revenue(1,311)(1,053)(292)(109) (31)
Cost of goods and services sold8,902(4,604)(3,778)(3,790)(72)(31)
Other undisclosed gross profit64(204)(161)(200)(125)(17)
Gross profit:12,07211,6043,3235983243
Operating expenses(2,888)(19,751)(7,355)(1,408)(2,013)(3,170)
Other undisclosed operating income (loss) (13,717)9,808 5973,632 
Operating income (loss):(4,533)1,661(4,032)(214)1,651(3,127)
Nonoperating income (expense)181(144)67(1,044)(2,043)258
Interest and debt expense(178)(117)94374173240
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   3,149 (4,624)50
Income (loss) from continuing operations before equity method investments, income taxes:(4,531)1,401(722)(884)(4,844)(2,580)
Income (loss) from equity method investments (1)  1  
Other undisclosed income from continuing operations before income taxes179117  2 
Income (loss) from continuing operations:(4,353)1,517(722)(882)(4,842)(2,580)
Income (loss) before gain (loss) on sale of properties:(4,353)1,517(722)(882)(4,842)(2,580)
Other undisclosed net income (loss)   67(375)1,571258
Net income (loss):(4,353)1,517(655)(1,258)(3,271)(2,322)
Net loss attributable to noncontrolling interest      
Other undisclosed net income (loss) attributable to parent (98)29    
Net income (loss) attributable to parent:(4,451)1,546(655)(1,258)(3,271)(2,322)
Other undisclosed net income (loss) available to common stockholders, basic(21)(21)2024(3)(21)
Net income (loss) available to common stockholders, basic:(4,472)1,526(634)(1,234)(3,274)(2,343)
Convertible preferred dividends   (21)  
Net income (loss) available to common stockholders, diluted:(4,472)1,526(634)(1,255)(3,274)(2,343)

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income (loss):(4,353)1,517(655)(1,258)(3,271)(2,322)
Comprehensive income (loss):(4,353)1,517(655)(1,258)(3,271)(2,322)
Comprehensive loss, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive income, net of tax, attributable to parent 16     
Comprehensive income (loss), net of tax, attributable to parent:(4,336)1,517(655)(1,258)(3,271)(2,322)

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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