Zero Gravity Solutions, Inc. (ZGSI) financial statements (2021 and earlier)

Company profile

Business Address 190 NW SPANISH RIVER BLVD., SUITE 101
BOCA RATON, FL 33431
State of Incorp. NV
Fiscal Year End December 31
SIC 07 - Agricultural Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44142322,851
Cash and cash equivalents44142322,851
Receivables0112245
Inventory, net of allowances, customer advances and progress billings103693322
Inventory103693322
Prepaid expense315216282198
Other undisclosed current assets   97
Total current assets:4623006703,214
Noncurrent Assets
Property, plant and equipment8610511952
Deposits noncurrent assets   7
Advance royalties   193
Other noncurrent assets5336286 
Total noncurrent assets:90440405252
TOTAL ASSETS:5527401,0753,465
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:54569648167
Accounts payable  481 
Interest and dividends payable21   
Other undisclosed accounts payable and accrued liabilities523696 67
Deferred revenue250
Debt200204195143
Deferred compensation liability13131313
Due to related parties1,186612575467
Other undisclosed current liabilities960   
Total current liabilities:3,1531,5251,264690
Noncurrent Liabilities
Long-term debt and lease obligation453182  
Long-term debt, excluding current maturities453182  
Liabilities, other than long-term debt9441,002  
Due to related parties9441,002  
Other undisclosed noncurrent liabilities1,099   
Total noncurrent liabilities:2,4951,184  
Total liabilities:5,6482,7091,264690
Stockholders' equity
Stockholders' equity attributable to parent(5,096)(1,969)(189)2,776
Common stock41413937
Additional paid in capital24,28421,97016,12612,130
Accumulated deficit(29,421)(23,980)(16,354)(9,391)
Total stockholders' equity:(5,096)(1,969)(189)2,776
TOTAL LIABILITIES AND EQUITY:5527401,0753,465

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues4566218137
Revenue, net 218137
Cost of revenue(40)(12)(52)(21)
Cost of goods and services sold(38)(10)(41)(13)
Gross profit:553167116
Operating expenses(4,715)(7,582)(6,960)(4,895)
Operating loss:(4,710)(7,528)(6,793)(4,779)
Nonoperating expense(731)(98)(169)(126)
Interest and debt expense(380)(82)(49)(21)
Net loss:(5,820)(7,709)(7,012)(4,926)
Other undisclosed net income attributable to parent380824921
Net loss available to common stockholders, diluted:(5,440)(7,627)(6,962)(4,906)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(5,820)(7,709)(7,012)(4,926)
Comprehensive loss, net of tax, attributable to parent:(5,820)(7,709)(7,012)(4,926)

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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