SinglePoint Inc. (SING) Financial Statements (2024 and earlier)

Company Profile

Business Address 3104 E CAMELBACK ROAD
PHOENIX, AZ 85016
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 596 - Nonstore Retailers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56419119811069
Cash and cash equivalents56419119811069
Receivables3,255913496
Inventory, net of allowances, customer advances and progress billings2,4817063750
Inventory2,4817063750
Prepaid expense262415249
Other undisclosed current assets405124   
Total current assets:6,96751727025884
Noncurrent Assets
Operating lease, right-of-use asset1,296   
Property, plant and equipment2335479137 
Long-term investments and receivables    6060
Long-term investments    6060
Intangible assets, net (including goodwill)10,4911,73749  
Goodwill7,2001,702   
Intangible assets, net (excluding goodwill)3,2913449  
Other undisclosed noncurrent assets134602,5171,966 
Total noncurrent assets:12,1541,8512,6462,16360
TOTAL ASSETS:19,1202,3682,9162,422144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,2775121,9071,0111,492
Accounts payable4,797 245168147
Accrued liabilities1,4805121,6618431,346
Debt2,4658532,8062,071157
Derivative instruments and hedges, liabilities    2,8132,215
Due to related parties6574151,152879646
Other undisclosed current liabilities12,1734525159 
Total current liabilities:21,5722,2325,9166,8324,510
Noncurrent Liabilities
Long-term debt and lease obligation986767150 500
Long-term debt, excluding current maturities986767150 500
Liabilities, other than long-term debt1,440602   
Due to related parties401602   
Operating lease, liability1,039   
Other undisclosed noncurrent liabilities  54899 
Total noncurrent liabilities:2,4261,37519899500
Total liabilities:23,9983,6076,1146,9315,010
Equity
Equity, attributable to parent, including:(5,090)(294)(3,198)(4,510)(4,777)
Common stock116248170124
Additional paid in capital90,12785,85377,88872,21063,941
Deferred compensation equity  (60)   
Accumulated deficit(95,236)(86,159)(80,786)(76,752)(68,846)
Other undisclosed equity, attributable to parent866(548)(138)5
Equity, attributable to noncontrolling interest 212(945) (143)(89)
Other undisclosed equity  554286 
Total equity:(4,878)(1,239)(2,644)(4,367)(4,866)
Other undisclosed liabilities and equity   (554)(143) 
TOTAL LIABILITIES AND EQUITY:19,1202,3682,9162,422144

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues21,7868092,8783,3441,155
Cost of revenue(15,461)(737)(2,204)(2,353)(887)
Gross profit:6,32572674991268
Operating expenses(13,109)(5,687)(3,973)(6,455)(6,031)
Other operating expense, net    (2,604) 
Other undisclosed operating income    2,604 
Operating loss:(6,784)(5,615)(3,299)(5,464)(5,763)
Nonoperating expense (132)(1,145)(56)(346)
Investment income, nonoperating  17 (56)(346)
Other nonoperating expense (149)(1,145)  
Interest and debt expense(109)361(482)394(141)
Other undisclosed income from continuing operations before equity method investments, income taxes     
Loss from continuing operations before equity method investments, income taxes:(6,894)(5,386)(4,927)(5,127)(6,250)
Other undisclosed income (loss) from continuing operations before income taxes(2,309)(378)482(2,942)(1,856)
Loss from continuing operations before income taxes:(9,203)(5,764)(4,445)(8,069)(8,106)
Other undisclosed income from continuing operations   4,034  
Loss from continuing operations:(9,203)(5,764)(411)(8,069)(8,106)
Loss before gain (loss) on sale of properties:(5,764)(411)(8,069)(8,106)
Other undisclosed net income  11,137   
Net income (loss):(9,203)5,373(411)(8,069)(8,106)
Net loss attributable to noncontrolling interest     
Other undisclosed net income (loss) attributable to parent350(11,137)(4,034)  
Net loss attributable to parent:(8,853)(5,764)(4,445)(8,069)(8,106)
Preferred stock dividends and other adjustments(3)(0)(4)(14) 
Other undisclosed net income available to common stockholders, basic     
Net income (loss) available to common stockholders, diluted:(8,855)(5,764)(4,449)(8,082)(8,106)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(9,203)5,373(411)(8,069)(8,106)
Comprehensive income (loss):(9,203)5,373(411)(8,069)(8,106)
Comprehensive loss, net of tax, attributable to noncontrolling interest     
Other undisclosed comprehensive loss, net of tax, attributable to parent     
Comprehensive income (loss), net of tax, attributable to parent:(9,203)5,373(411)(8,069)(8,106)

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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