Synergy CHC Corp. (SNYR) Financial Statements (2024 and earlier)

Company Profile

Business Address 865 SPRING STREET
WESTBROOK, ME 04092
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 2833 - Medicinal Chemicals and Botanical Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2251,3891,0646894601,605
Cash and cash equivalents1,2251,3891,0646894601,605
Receivables1,6752,3072,8484,7534,8452,024
Inventory, net of allowances, customer advances and progress billings1,8612,2332,4922,6682,6703,382
Inventory1,8612,2332,4922,6682,6703,382
Prepaid expense186435 423829767
Other current assets   612   
Other undisclosed current assets10010016137136137
Total current assets:5,0476,4647,0338,6718,9407,916
Noncurrent Assets
Property, plant and equipment136166197232270308
Intangible assets, net (including goodwill)89,99310,26310,53310,80112,142
Goodwill  7,7937,7937,7937,7937,793
Intangible assets, net (excluding goodwill)82,2002,4702,7393,0084,349
Total noncurrent assets:14410,15910,46110,76411,07112,450
TOTAL ASSETS:5,19116,62317,49319,43520,01120,366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,6744,4985,0626,7708,3972,912
Interest and dividends payable  494949  
Taxes payable314303286238180116
Employee-related liabilities111244190286217229
Accrued liabilities1,5423963437351,459398
Other undisclosed accounts payable and accrued liabilities2,7073,5064,1945,4616,5412,170
Deferred revenue8103784
Debt 5,9381,9801,97228 
Other undisclosed current liabilities5,465   1,9852,181
Total current liabilities:10,14710,4457,0798,82610,4115,094
Noncurrent Liabilities
Liabilities, other than long-term debt2472504,6805,1575,6296,097
Due to related parties2472504,6805,1575,6296,097
Total noncurrent liabilities:2472504,6805,1575,6296,097
Total liabilities:10,39410,69611,75913,98316,04011,191
Equity
Equity, attributable to parent(5,203)5,9285,7345,4523,9719,175
Common stock111111
Additional paid in capital19,01918,98018,94218,90318,81818,526
Accumulated other comprehensive income1180331081798
Accumulated deficit(24,235)(13,134)(13,241)(13,560)(15,027)(9,360)
Total equity:(5,203)5,9285,7345,4523,9719,175
TOTAL LIABILITIES AND EQUITY:5,19116,62317,49319,43520,01120,366

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

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Revenues6,1877,3656,3379,4695,2059,190
Cost of revenue
(Cost of Goods and Services Sold)
(2,499)(2,490)(1,608)(2,540)(3,974)(2,945)
Other undisclosed gross profit   0   
Gross profit:3,6884,8744,7296,9291,2316,245
Operating expenses(14,536)(4,511)(4,024)(5,105)(7,118)(5,605)
Other undisclosed operating loss   (0)   
Operating income (loss):(10,848)3637051,823(5,887)640
Nonoperating income99313347362285420
Gain (loss), foreign currency transaction, before tax114(101)    
Other nonoperating income   347362285420
Interest and debt expense778(212)(35)(38)(268)(288)
Income (loss) from continuing operations before equity method investments, income taxes:(9,971)4641,0172,147(5,871)771
Other undisclosed loss from continuing operations before income taxes(975)(414)(658)(685)(301)(552)
Income (loss) from continuing operations before income taxes:(10,947)503591,461(6,172)219
Income tax expense (benefit)10957(40)6505126
Income (loss) from continuing operations:(10,838)1083181,467(5,667)346
Income (loss) before gain (loss) on sale of properties:(10,838)1083181,467(5,667)346
Net income (loss):(10,838)1083181,467(5,667)346
Other undisclosed net loss attributable to parent (263)     
Net income (loss) available to common stockholders, diluted:(11,101)1083181,467(5,667)346

Comprehensive Income ($ in thousands)

3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
Net income (loss):(10,838)1083181,467(5,667)346
Comprehensive income (loss):(10,838)1083181,467(5,667)346
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(332)47(75)(71)171(18)
Comprehensive income (loss), net of tax, attributable to parent:(11,170)1552431,396(5,496)328

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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