XFIT BRANDS INC (XFTB) financial statements (2021 and earlier)

Company profile

Business Address 25731 COMMERCENTRE DRIVE
LAKE FOREST, CA 92630
State of Incorp. NV
Fiscal Year End June 30
SIC 3949 - Sporting and Athletic Goods, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments751
Cash and cash equivalents751
Receivables18093
Inventory, net of allowances, customer advances and progress billings288169
Inventory288169
Prepaid expense114334
Advance royalties 75
Total current assets:589722
Noncurrent Assets
Property, plant and equipment3842
Intangible assets, net (including goodwill)1452
Intangible assets, net (excluding goodwill)1452
Deposits noncurrent assets2327
Total noncurrent assets:75122
TOTAL ASSETS:663844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities896660
Accounts payable730446
Accrued liabilities165214
Debt108 
Due to related parties9696
Customer advances and deposits129158
Other undisclosed current liabilities35 
Total current liabilities:1,264914
Noncurrent Liabilities
Long-term debt and lease obligation2,4791,620
Long-term debt, excluding current maturities2,4791,620
Total noncurrent liabilities:2,4791,620
Total liabilities:3,7422,535
Stockholders' equity
Stockholders' equity attributable to parent(3,079)(1,691)
Common stock20
Additional paid in capital4,7124,319
Accumulated deficit(7,793)(6,010)
Total stockholders' equity:(3,079)(1,691)
TOTAL LIABILITIES AND EQUITY:663844

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

6/30/2016
6/30/2015
Revenues2,3582,039
Revenue, net2,3582,039
Cost of revenue(1,326)(1,418)
Gross profit:1,032621
Operating expenses(2,245)(1,847)
Operating loss:(1,214)(1,227)
Interest and debt expense(569)(382)
Other undisclosed income from continuing operations before equity method investments, income taxes3,5683,202
Net income:1,7861,594
Other undisclosed net loss attributable to parent(3,568)(3,188)
Net loss available to common stockholders, diluted:(1,783)(1,594)

Comprehensive Income ($ in thousands)

6/30/2016
6/30/2015
Net income:1,7861,594
Comprehensive income, net of tax, attributable to parent:1,7861,594

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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