SHARING SERVICES GLOBAL Corp (SHRG) Financial Statements (2024 and earlier)

Company Profile

Business Address 5200 TENNYSON PKWY #400
PLANO, TX 75024
State of Incorp. NV
Fiscal Year End March 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)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
4/30/2020
4/30/2019
4/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9953,11217,02311,7433,912768
Cash and cash equivalents2,9953,11217,02311,7433,912768
Receivables2742,0071,9834,1958,2781,556
Inventory, net of allowances, customer advances and progress billings1,6362,7284,3744,8022,883236
Inventory1,6362,7284,3744,8022,883236
Prepaid expense      142
Other current assets5285523,5111,035373146
Other undisclosed current assets      133
Total current assets:5,4338,40026,89221,77515,4462,982
Noncurrent Assets
Operating lease, right-of-use asset448459593800
Property, plant and equipment9,2709,4389,585298308118
Long-term investments and receivables     208 
Long-term investments     208 
Intangible assets, net (including goodwill), including:545581689   
Other undisclosed intangible assets, net (including goodwill)545581689   
Deferred income tax assets   811,649
Other noncurrent assets1,1771,18426155  
Other undisclosed noncurrent assets 2064,4305,064 432,778
Total noncurrent assets:11,64716,09116,2732,8035582,897
TOTAL ASSETS:17,08024,49143,16524,57716,0045,878
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,5341,6849,6539,67510,893525
Settlement liabilities342   
Interest and dividends payable  14035
Taxes payable1,3399201,914 
Employee-related liabilities452   
Accounts payable1,0298689857711,108 
Accrued liabilities4,5058166,5357,9847,731252
Other undisclosed accounts payable and accrued liabilities      238
Deferred revenue    3,496
Debt 6,92212,1339,899902,12335
Derivative instruments and hedges, liabilities      30,489
Liability for uncertainty in income taxes 4     
Due to related parties 54   5
Customer advances and deposits23
Contract with customer, liability3,209
Other undisclosed current liabilities26,90317,715(51)7,6861,0823,809
Total current liabilities:39,36331,58619,50120,94617,30734,886
Noncurrent Liabilities
Long-term debt and lease obligation   462370166
Long-term debt, excluding current maturities    26166
Liabilities, other than long-term debt440414    
Operating lease, liability440414462344
Other undisclosed noncurrent liabilities   (88)(344)  
Total noncurrent liabilities:440414835370166
Total liabilities:39,80331,99920,33621,31617,32234,891
Equity
Equity, attributable to parent, including:(22,724)(7,509)22,8293,262(1,318)(29,013)
Common stock      6
Treasury stock, value (626)(626) (1,532)  
Common stock, share subscribed but unissued, subscriptions receivable    (114)(114)114
Additional paid in capital84,62081,95180,73938,87131,87025,424
Accumulated other comprehensive loss(308)(222)(65)   
Accumulated deficit(106,456)(88,650)(57,886)(33,993)(33,112)(54,535)
Other undisclosed equity, attributable to parent4839423038(21)
Total equity:(22,724)(7,509)22,8293,262(1,318)(29,013)
TOTAL LIABILITIES AND EQUITY:17,08024,49143,16524,57716,0045,878

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

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
4/30/2020
4/30/2019
4/30/2018
Revenues16,10218,96734,424131,39085,9238,392
Revenue, net8,392
Realized investment losses (4,921)     
Other income      
Cost of revenue
(Cost of Goods and Services Sold)
(6,845)(7,255)(10,802)(37,876)(28,797) 
Other undisclosed gross profit      (4,000)
Gross profit:9,25711,71223,62293,51457,1264,392
Operating expenses(24,072)(28,192)(36,955)(83,819)(58,226)(10,408)
Other operating income, net
(Other Expenses)
      29,770
Other undisclosed operating loss      (29,770)
Operating income (loss):(14,815)(16,481)(13,332)9,695(1,100)(6,016)
Nonoperating income (expense)(22,870)(23,332)(6,810)(6,422)22,524 
Investment income, nonoperating (9,949)3,664   
Other nonoperating income (expense)108173(211) 22,524 
Interest and debt expense324(6,317)1,04014(1,724)568
Income (loss) from continuing operations before equity method investments, income taxes:(37,361)(46,129)(19,102)3,28819,699(5,448)
Other undisclosed income (loss) from continuing operations before income taxes(324)6,317(1,040)(14)1,724 
Income (loss) from continuing operations before income taxes:(37,685)(39,812)(20,142)3,27421,423(5,448)
Income tax expense (benefit) 5,1453,036(485)  
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(37,685)(34,667)(17,106)2,78921,423(5,448)
Income (loss) before gain (loss) on sale of properties:(23,642)(17,106)2,78921,423(5,448)
Net income (loss):(37,685)(34,667)(17,106)2,78921,423(5,448)
Other undisclosed net loss attributable to parent      (30,338)
Net income (loss) available to common stockholders, diluted:(37,685)(34,667)(17,106)2,78921,423(35,785)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
4/30/2020
4/30/2019
4/30/2018
Net income (loss):(37,685)(34,667)(17,106)2,78921,423(5,448)
Other comprehensive income (loss)(243)(127)(65)   
Comprehensive income (loss), net of tax, attributable to parent:(37,928)(34,795)(17,172)2,78921,423(5,448)

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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