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)

12/31/2023
MRQ
3/31/2023
3/31/2022
4/30/2020
4/30/2019
4/30/2018
4/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,99517,02311,7433,9127682
Cash and cash equivalents2,99517,02311,7433,9127682
Receivables2741,9834,1958,2781,556 
Inventory, net of allowances, customer advances and progress billings1,6364,3744,8022,883236 
Inventory1,6364,3744,8022,883236 
Prepaid expense     1421
Other current assets5283,5111,035373146 
Other undisclosed current assets    133 
Total current assets:5,43326,89221,77515,4462,9823
Noncurrent Assets
Operating lease, right-of-use asset448593800
Property, plant and equipment9,2709,5852983081184
Long-term investments and receivables    208  
Long-term investments    208  
Intangible assets, net (including goodwill), including:545689    
Other undisclosed intangible assets, net (including goodwill)545689    
Deferred income tax assets 811,649
Other noncurrent assets1,17726155   
Other undisclosed noncurrent assets 2065,064 432,778 
Total noncurrent assets:11,64716,2732,8035582,8974
TOTAL ASSETS:17,08043,16524,57716,0045,8787
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,5349,6539,67510,8935256
Settlement liabilities342    
Interest and dividends payable  14035 
Taxes payable1,3399201,914  
Employee-related liabilities452    
Accounts payable1,0299857711,108 6
Accrued liabilities4,5056,5357,9847,731252 
Other undisclosed accounts payable and accrued liabilities     238 
Deferred revenue   3,496
Debt6,9229,899902,1233527
Derivative instruments and hedges, liabilities     30,489 
Liability for uncertainty in income taxes 4     
Due to related parties    55
Customer advances and deposits23 
Contract with customer, liability3,209
Other undisclosed current liabilities26,903(51)7,6861,0823,809 
Total current liabilities:39,36319,50120,94617,30734,88638
Noncurrent Liabilities
Long-term debt and lease obligation  462370166 
Long-term debt, excluding current maturities   26166 
Liabilities, other than long-term debt440     
Operating lease, liability440462344
Other undisclosed noncurrent liabilities  (88)(344)   
Total noncurrent liabilities:440835370166 
Total liabilities:39,80320,33621,31617,32234,89138
Equity
Equity, attributable to parent, including:(22,724)22,8293,262(1,318)(29,013)(31)
Common stock     65
Treasury stock, value (626) (1,532)   
Common stock, share subscribed but unissued, subscriptions receivable   (114)(114)11435
Additional paid in capital84,62080,73938,87131,87025,42432
Accumulated other comprehensive loss(308)(65)    
Accumulated deficit(106,456)(57,886)(33,993)(33,112)(54,535)(103)
Other undisclosed equity, attributable to parent48423038(21) 
Total equity:(22,724)22,8293,262(1,318)(29,013)(31)
TOTAL LIABILITIES AND EQUITY:17,08043,16524,57716,0045,8787

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

12/31/2023
TTM
3/31/2023
3/31/2022
4/30/2020
4/30/2019
4/30/2018
4/30/2017
Revenues16,10234,424131,39085,9238,392 
Revenue, net8,392 
Realized investment losses (4,921)     
Other income      
Cost of revenue
(Cost of Goods and Services Sold)
(6,845)(10,802)(37,876)(28,797)  
Other undisclosed gross profit     (4,000) 
Gross profit:9,25723,62293,51457,1264,392 
Operating expenses(24,072)(36,955)(83,819)(58,226)(10,408)(75)
Other operating income, net
(Other Expenses)
     29,7700
Other undisclosed operating loss     (29,770) 
Operating income (loss):(14,815)(13,332)9,695(1,100)(6,016)(75)
Nonoperating income (expense)(22,870)(6,810)(6,422)22,524  
Investment income, nonoperating 3,664    
Other nonoperating income (expense)108(211) 22,524  
Interest and debt expense3241,04014(1,724)568(0)
Income (loss) from continuing operations before equity method investments, income taxes:(37,361)(19,102)3,28819,699(5,448)(75)
Other undisclosed income (loss) from continuing operations before income taxes(324)(1,040)(14)1,724  
Income (loss) from continuing operations before income taxes:(37,685)(20,142)3,27421,423(5,448)(75)
Income tax expense (benefit) 3,036(485)   
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(37,685)(17,106)2,78921,423(5,448)(75)
Income (loss) before gain (loss) on sale of properties:(17,106)2,78921,423(5,448)(75)
Net income (loss):(37,685)(17,106)2,78921,423(5,448)(75)
Other undisclosed net loss attributable to parent     (30,338)(0)
Net income (loss) available to common stockholders, diluted:(37,685)(17,106)2,78921,423(35,785)(76)

Comprehensive Income ($ in thousands)

12/31/2023
TTM
3/31/2023
3/31/2022
4/30/2020
4/30/2019
4/30/2018
4/30/2017
Net income (loss):(37,685)(17,106)2,78921,423(5,448)(75)
Other comprehensive loss(243)(65)    
Comprehensive income (loss), net of tax, attributable to parent:(37,928)(17,172)2,78921,423(5,448)(75)

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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