Wings & Things, Inc. (WGTG) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
153 WEST BURTON AVE SALT LAKE CITY, UT 84115 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 22 - Textile Mill Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2018 MRQ | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 65 | 0 | 0 | 1 | 3 | 0 | |||
| Cash and cash equivalent | 65 | 0 | 0 | 1 | 3 | 0 | |||
| Receivables | 491 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 7,342 | ✕ | ✕ | ||||||
| Inventory | 7,342 | ||||||||
| Other current assets | 210 | ✕ | |||||||
| Total current assets: | 8,108 | 0 | 0 | 1 | 3 | 0 | |||
| Noncurrent Assets | |||||||||
| Inventory, real estate | 110 | ✕ | ✕ | ||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 488 | ||||||||
| Other undisclosed noncurrent assets | 4 | ||||||||
| Total noncurrent assets: | 602 | ||||||||
| TOTAL ASSETS: | 8,710 | 0 | 0 | 1 | 3 | 0 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 251 | 57 | 46 | 34 | 15 | ||||
| Interest and dividends payable | 29 | 23 | 17 | ||||||
| Taxes payable | 1,611 | ||||||||
| Accounts payable | 1 | ||||||||
| Accrued liabilities | 184 | 29 | 23 | 17 | 15 | ||||
| Other undisclosed accounts payable and accrued liabilities | (1,545) | ||||||||
| Debt | 2,309 | 80 | 72 | 66 | |||||
| Due to related parties | 1,281 | 144 | 137 | 129 | |||||
| Other undisclosed current liabilities | 2,969 | 14 | 10 | 6 | 192 | 166 | |||
| Total current liabilities: | 6,810 | 296 | 265 | 235 | 207 | 166 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 6,810 | 296 | 265 | 235 | 207 | 166 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,900 | (295) | (265) | (234) | (203) | (166) | |||
| Common stock | 18 | 18 | 18 | 18 | 18 | 18 | |||
| Additional paid in capital | 2,762 | 9 | 9 | 9 | 9 | 9 | |||
| Accumulated other comprehensive income | 21 | ||||||||
| Accumulated deficit | (984) | (322) | (292) | (261) | |||||
| Other undisclosed equity, attributable to parent | 82 | (230) | (193) | ||||||
| Total equity: | 1,900 | (295) | (265) | (234) | (203) | (166) | |||
| TOTAL LIABILITIES AND EQUITY: | 8,710 | 0 | 0 | 1 | 3 | 0 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 12,698 | |||||||
| Cost of revenue | (10,737) | |||||||
| Gross profit: | 1,962 | |||||||
| Operating expenses | (1,549) | (14) | (16) | (30) | (27) | (30) | ||
| Other undisclosed operating income | 13 | |||||||
| Operating income (loss): | 413 | (14) | (16) | (17) | (27) | (30) | ||
| Interest and debt expense | (241) | (6) | (6) | (5) | 5 | (9) | ||
| Income (loss) from continuing operations before income taxes: | 172 | (20) | (21) | (22) | (22) | (38) | ||
| Income tax expense | (43) | (13) | (13) | |||||
| Income (loss) from continuing operations: | 129 | (20) | (21) | (22) | (35) | (51) | ||
| Income (loss) before gain (loss) on sale of properties: | 129 | (20) | (21) | (22) | (35) | (51) | ||
| Net income (loss): | 129 | (20) | (21) | (22) | (35) | (51) | ||
| Other undisclosed net income (loss) attributable to parent | 0 | (10) | (9) | (8) | (3) | 13 | ||
| Net income (loss) available to common stockholders, diluted: | 129 | (31) | (31) | (30) | (38) | (38) | ||
Comprehensive Income ($ in thousands)
| 9/30/2018 TTM | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 129 | (20) | (21) | (22) | (35) | (51) | ||
| Comprehensive income (loss): | 129 | (20) | (21) | (22) | (35) | (51) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 133 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 262 | (20) | (21) | (22) | (35) | (51) | ||
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.