Sow Good Inc. (SOWG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1440 N. UNION BOWER
IRVING, TX 75061
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 20 - Food And Kindred Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4102763,3461,9131091,504
Cash and cash equivalents2,4102763,3461,9131091,504
Receivables2,57819112 10
Inventory, net of allowances, customer advances and progress billings4,1231,9731,452141  
Inventory4,1231,9731,452141  
Prepaid expense56313881564754
Other undisclosed current assets563  280  
Total current assets:10,2382,5784,8912,3911561,557
Noncurrent Assets
Operating lease, right-of-use asset4,0621,2621,3291,394 
Property, plant and equipment6,8425,0352,6812,13561
Intangible assets, net (including goodwill)   5,1926,411  
Goodwill   4,8876,411  
Intangible assets, net (excluding goodwill)   304   
Deposits noncurrent assets347241010  
Other undisclosed noncurrent assets    6,982141,307
Total noncurrent assets:11,2516,3219,2129,9506,989141,309
TOTAL ASSETS:21,4898,89914,10312,3417,145142,866
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,50283835753250659
Taxes payable   473
Accounts payable85445327927436180
Accrued liabilities64938578258146
Deferred compensation liability     1,396 
Deferred tax liabilities0
Due to related parties  51  
Other undisclosed current liabilities4,269534640  
Total current liabilities:5,7718904036231,446659
Noncurrent Liabilities
Long-term debt and lease obligation  3941,3541,663  
Long-term debt, excluding current maturities  394 263  
Liabilities, other than long-term debt3,6721,3011,376   
Due to related parties 1,376   
Operating lease, liability3,6721,3011,3541,400 
Other undisclosed noncurrent liabilities4,7653,502150(1,400)  
Total noncurrent liabilities:8,4375,1982,8801,663  
Total liabilities:14,2086,0883,2832,2861,446659
Temporary equity, carrying amount      140,739
Equity
Equity, attributable to parent, including:7,2802,81110,82010,0555,6991,468
Common stock65532480
Additional paid in capital66,01458,48654,34244,74937,05536,476
Accumulated deficit(58,740)(55,680)(43,552)(36,678)(31,357)(35,488)
Other undisclosed equity, attributable to parent   261,982  
Total equity:7,2802,81110,82010,0555,6991,468
TOTAL LIABILITIES AND EQUITY:21,4898,89914,10312,3417,145142,866

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues16,0714288854672
Other income    502
Cost of revenue
(Cost of Goods and Services Sold)
(11,189)(308)(81)   
Gross profit:4,882120754672
Operating expenses(6,102)(11,005)(7,115)(3,009)(3,063)(2,580)
Other undisclosed operating loss    (5) (2)
Operating income (loss):(1,221)(10,885)(7,108)(3,009)(2,596)(2,580)
Nonoperating income (expense)(1,840)(1,242)234(2,312)15,4814,680
Investment income, nonoperating   134(1,925)15,4812,474
Interest and debt expense(1,840)(1,278)114(386)  
Other undisclosed income from continuing operations before equity method investments, income taxes    386  
Income (loss) from continuing operations before equity method investments, income taxes:(4,900)(13,405)(6,760)(5,321)12,8842,101
Other undisclosed income from continuing operations before income taxes1,840     
Income (loss) from continuing operations before income taxes:(3,060)(13,405)(6,760)(5,321)12,8842,101
Income tax expense      (576)
Income (loss) from continuing operations:(3,060)(13,405)(6,760)(5,321)12,8841,525
Income (loss) before gain (loss) on sale of properties:(6,760)(5,321)5,4631,525
Loss from discontinued operations     (7,421) 
Net income (loss):(3,060)(13,405)(6,760)(5,321)5,4631,525
Net loss attributable to noncontrolling interest     (1,333)(1,869)
Other undisclosed net income (loss) attributable to parent 1,278(114)   
Net income (loss) available to common stockholders, diluted:(3,060)(12,127)(6,874)(5,321)4,131(344)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(3,060)(13,405)(6,760)(5,321)5,4631,525
Other comprehensive loss     (4,968) 
Comprehensive income (loss):(3,060)(13,405)(6,760)(5,321)4951,525
Comprehensive loss, net of tax, attributable to noncontrolling interest     (1,333)(1,869)
Comprehensive loss, net of tax, attributable to parent:(3,060)(13,405)(6,760)(5,321)(838)(344)

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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