ToughBuilt Industries, Inc. (TBLT) Financial Statements (2024 and earlier)

Company Profile

Business Address 8669 RESEARCH DRIVE
IRVINE, CA 92618
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2072,3572,5641,5882,143937
Cash and cash equivalents2,2072,3572,5641,5882,143937
Receivables7,82112,47416,81123,40415,03815,059
Inventory, net of allowances, customer advances and progress billings31,41132,66440,36540,00640,15641,343
Inventory31,41132,66440,36540,00640,15641,343
Prepaid expense   3702,8622,5651,075
Other undisclosed current assets48921    
Total current assets:41,48748,41660,11067,85959,90258,414
Noncurrent Assets
Operating lease, right-of-use asset4,3864,1514,4164,6784,8991,953
Property, plant and equipment19,61918,55717,50018,67916,54815,699
Other noncurrent assets2,0592,7861,8911,6831,5181,399
Total noncurrent assets:26,06425,49423,80725,04022,96519,051
TOTAL ASSETS:67,55173,91083,91792,90082,86777,465
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,29838,28632,68231,84233,74823,952
Accounts payable36,86434,97529,67129,09631,40121,953
Accrued liabilities3,4333,3113,0112,7462,3461,999
Debt1,2141,2419741,391  
Derivative instruments and hedges, liabilities4,9858,63116,1165,1792,9613,832
Other undisclosed current liabilities1,1829799609531,039496
Total current liabilities:47,67949,13750,73239,36537,74828,280
Noncurrent Liabilities
Long-term debt and lease obligation:    3,7243,7971,448
Liabilities, other than long-term debt3,3843,2253,477   
Operating lease, liability3,3843,2253,4773,7243,7971,448
Other undisclosed noncurrent liabilities    (3,724)(3,797)(1,448)
Total noncurrent liabilities:3,3843,2253,4773,7243,7971,448
Total liabilities:51,06352,36254,20943,08941,54529,728
Equity
Equity, attributable to parent16,48821,54829,70849,81141,32247,737
Common stock311110
Additional paid in capital175,439174,775174,660171,701163,752158,031
Accumulated deficit(158,954)(153,228)(144,953)(121,891)(122,431)(110,295)
Total equity:16,48821,54829,70849,81141,32247,737
TOTAL LIABILITIES AND EQUITY:67,55173,91083,91792,90082,86777,465

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues18,88020,21329,90030,24517,88817,221
Cost of revenue
(Cost of Goods and Services Sold)
(13,039)(16,655)(20,558)(22,328)(12,939)(14,218)
Gross profit:5,8413,5579,3437,9174,9483,003
Operating expenses(17,881)(18,618)(24,329)(17,458)(17,251)(18,448)
Other undisclosed operating income      
Operating loss:(12,040)(15,060)(14,987)(9,541)(12,303)(15,445)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
6,3146,785(8,075)17,5471673,341
Interest and debt expense(576)(700)(1,274)(548)(92) 
Income (loss) from continuing operations:(6,302)(8,975)(24,335)7,458(12,228)(12,104)
Income (loss) before gain (loss) on sale of properties:7,458(12,228)(12,104)
Net income (loss):(6,302)(8,975)(24,335)7,458(12,228)(12,104)
Other undisclosed net income attributable to parent5767001,27454892 
Net income (loss) attributable to parent:(5,725)(8,275)(23,062)8,006(12,136)(12,104)
Other undisclosed net income (loss) available to common stockholders, basic    (7,467)1,535 
Net income (loss) available to common stockholders, diluted:(5,725)(8,275)(23,062)539(10,601)(12,104)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(6,302)(8,975)(24,335)7,458(12,228)(12,104)
Comprehensive income (loss), net of tax, attributable to parent:(6,302)(8,975)(24,335)7,458(12,228)(12,104)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: