STAFFING GROUP, LTD. (TSGL) financial statements (2021 and earlier)

Company profile

Business Address 717 GREEN VALLEY ROAD
GREENSBORO, NC 27408
State of Incorp. NV
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2098411 25
Cash and cash equivalents 2098411 25
Receivables 1,06065415 1,571
Disposal group, including discontinued operation    1,091 
Intangible current assets407     
Other undisclosed current assets433167711 40
Total current assets:8401,285815371,0911,636
Noncurrent Assets
Property, plant and equipment111  16
Intangible assets, net (including goodwill)7052,5462,606   
Goodwill7051,4661,466   
Intangible assets, net (excluding goodwill) 1,0801,140   
Deposits noncurrent assets     28
Disposal group, including discontinued operation, noncurrent assets    36 
Other undisclosed noncurrent assets407     
Total noncurrent assets:1,1132,5472,607 3644
TOTAL ASSETS:1,9533,8333,423371,1271,679
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4371549466 281
Accounts payable396674   
Accrued liabilities41879166  
Employee-related liabilities     198
Other undisclosed accounts payable and accrued liabilities     84
Debt     1,420
Due to related parties5381199877163493
Disposal group, including discontinued operation    1,307 
Other undisclosed current liabilities3,3714,7772,626311(1,124)332
Total current liabilities:4,3465,0502,8184533462,527
Noncurrent Liabilities
Liabilities, other than long-term debt     146
Deferred compensation liability, classified     146
Other undisclosed noncurrent liabilities591563533   
Total noncurrent liabilities:591563533  146
Total liabilities:4,9375,6123,3514533462,673
Stockholders' equity
Stockholders' equity attributable to parent(2,996)(1,792)59(429)(346)(994)
Common stock1111137
Additional paid in capital3,6363,6303,6232,4352,4351,634
Accumulated deficit(6,633)(5,424)(3,566)(2,864)(2,781)(2,665)
Stockholders' equity attributable to noncontrolling interest12131212  
Total stockholders' equity:(2,984)(1,780)71(416)(346)(994)
TOTAL LIABILITIES AND EQUITY:1,9533,8333,42337 1,679

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

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Revenues    (10,833)3,393
Cost of revenue
(Cost of Goods and Services Sold)
(898)(896)(1,097)(17) (2,778)
Other undisclosed gross profit1,2261,4331,59722  
Gross profit:3285375005 615
Operating expenses(1,829)(336)(492)(118)1,631(588)
Other undisclosed operating loss    (1,977) 
Operating income (loss):(1,500)2018(113)(346)27
Nonoperating income (expense)291(2,059)(709)2922(63)
Other nonoperating expense    (20)(19)
Interest and debt expense   (20)27 
Loss from continuing operations before equity method investments, income taxes:(1,210)(1,858)(702)(104)(297)(36)
Other undisclosed income (loss) from continuing operations before income taxes   20(27) 
Loss from continuing operations:(1,210)(1,858)(702)(84)(324)(36)
Other undisclosed income before gain (loss) on sale of properties    207 
Net loss:(1,210)(1,858)(702)(84)(117)(36)
Net income (loss) attributable to noncontrolling interest1(0)(0)2  
Other undisclosed net loss attributable to parent(2)  (2)  
Net loss available to common stockholders, diluted:(1,211)(1,858)(702)(84)(117)(36)

Comprehensive Income ($ in thousands)

12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
Net loss:(1,210)(1,858)(702)(84)(117)(36)
Comprehensive loss:(1,210)(1,858)(702)(84)(117)(36)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1(0)(0)2  
Comprehensive loss, net of tax, attributable to parent:(1,209)(1,858)(702)(83)(117)(36)

Statements sources

The financial statements are based on the company's filings with the 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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