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
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,3851,3702,9953,1126,45914,453
Cash and cash equivalents1,3851,3702,9953,1126,45914,453
Receivables2,2345322742,0071,9991,889
Inventory, net of allowances, customer advances and progress billings2,2011,4781,6362,7283,5244,133
Inventory2,2011,4781,6362,7283,5244,133
Other current assets2221,0635285521,5202,428
Other undisclosed current assets      
Total current assets:6,0434,4435,4338,40013,50222,904
Noncurrent Assets
Operating lease, right-of-use asset426437448459474527
Property, plant and equipment3784669,2709,4389,5559,587
Intangible assets, net (including goodwill), including:474510545581617653
Other undisclosed intangible assets, net (including goodwill)474510545581617653
Deferred income tax assets    8181
Other noncurrent assets1,1841,1841,1771,1841,171171
Other undisclosed noncurrent assets   2064,4307,8779,929
Total noncurrent assets:2,4622,59711,64716,09119,77520,948
TOTAL ASSETS:8,5057,04117,08024,49133,27743,852
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,0085,3135,5341,6843,5572,681
Taxes payable1,4141,382
Employee-related liabilities300344
Accounts payable1,0601,0011,029868941575
Accrued liabilities9484,3124,505816903380
Debt 24,6606,92212,1339,6037,017
Liability for uncertainty in income taxes   4   
Due to related parties541289
Other undisclosed current liabilities6,0021,25426,90317,71516,47510,936
Total current liabilities:8,00931,22739,36331,58629,63520,923
Noncurrent Liabilities
Long-term debt and lease obligation:     414462
Liabilities, other than long-term debt416427440414 551
Deferred income tax liabilities      551
Operating lease, liability416427440414414462
Other undisclosed noncurrent liabilities     (414) 
Total noncurrent liabilities:4164274404144141,012
Total liabilities:8,42631,65439,80331,99930,04921,935
Equity
Equity, attributable to parent, including:79(24,613)(22,724)(7,509)3,22821,917
Treasury stock, value   (626)(626)(626)(626)
Additional paid in capital110,70084,53084,62081,95181,91381,950
Accumulated other comprehensive loss(336)(313)(308)(222)(473)(209)
Accumulated deficit(110,336)(108,881)(106,456)(88,650)(77,625)(59,239)
Other undisclosed equity, attributable to parent505048393942
Total equity:79(24,613)(22,724)(7,509)3,22821,917
TOTAL LIABILITIES AND EQUITY:8,5057,04117,08024,49133,27743,852

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

12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
Revenues2,4092,878(12,093)3,2464,1885,304
Other income 1,800     
Cost of revenue
(Cost of Goods and Services Sold)
(670)(846)1,761(1,643)(1,760)(1,657)
Gross profit:1,7392,032(10,332)1,6032,4283,647
Operating expenses(2,859)(3,709)4,202(5,607)(6,596)(7,309)
Operating loss:(1,120)(1,676)(6,130)(4,004)(4,167)(3,662)
Nonoperating income (expense)(346)(736)(19,671)(6,917)(14,773)1,969
Investment income, nonoperating   (3,328)(3,614)(11,554)4,884
Interest and debt expense(1,963)151(716)(3,320)(3,321)324
Loss from continuing operations before equity method investments, income taxes:(3,430)(2,262)(26,517)(14,241)(22,261)(1,369)
Other undisclosed income (loss) from continuing operations before income taxes1,963(151)7163,3203,321(324)
Loss from continuing operations before income taxes:(1,467)(2,412)(25,801)(10,921)(18,940)(1,693)
Income tax expense (benefit)12(12) (104)554340
Other undisclosed income from continuing operations   1,319   
Loss from continuing operations:(1,455)(2,424)(24,482)(11,025)(18,386)(1,353)
Loss before gain (loss) on sale of properties:(18,386)(1,353)
Net loss available to common stockholders, diluted:(1,455)(2,424)(24,482)(11,025)(18,386)(1,353)

Comprehensive Income ($ in thousands)

12/31/2023
Q3
9/30/2023
Q2
6/30/2023
Q1
3/31/2023
Q4
12/31/2022
Q3
9/30/2022
Q2
6/30/2022
Q1
Net loss:(1,455)(2,424)(24,482)(11,025)(18,386)(1,353)
Other comprehensive income (loss)(22)(5)(148)251(264)(144)
Comprehensive loss, net of tax, attributable to parent:(1,477)(2,430)(24,631)(10,774)(18,650)(1,497)

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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