MakingORG, Inc. (CQCQ) financial statements (2022 and earlier)

Company profile

Business Address 618 BREA CANYON RD. STE A
WALNUT, CA 91789
State of Incorp. NV
Fiscal Year End December 31
SIC 3751 - Motorcycles, Bicycles, and Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 31945738165 
Cash and cash equivalents 31945738165 
Receivables 12  51  
Inventory, net of allowances, customer advances and progress billings  442232  
Inventory  442232  
Prepaid expense     12 
Other undisclosed current assets 5134517  
Total current assets: 9417284138178 
Noncurrent Assets
Operating lease, right-of-use asset 996
Intangible assets, net (including goodwill)    1  
Intangible assets, net (excluding goodwill)    1  
Other undisclosed noncurrent assets   2   
Total noncurrent assets: 99621  
TOTAL ASSETS: 19317886138178 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 10995584487
Accounts payable    1  
Accrued liabilities 515244  
Interest and dividends payable 1048056   
Other undisclosed accounts payable and accrued liabilities     87
Debt 71170173187  
Due to related parties 3402862311267538
Other undisclosed current liabilities  7    
Total current liabilities: 5205574623578346
Noncurrent Liabilities
Long-term debt and lease obligation 213   168 
Long-term debt, excluding current maturities 213   168 
Liabilities, other than long-term debt   1   
Deferred rent credit   1
Total noncurrent liabilities: 213 1 168 
Total liabilities: 73255746235725046
Stockholders' equity
Stockholders' equity attributable to parent (540)(379)(376)(219)(73)(46)
Common stock 363635353535
Additional paid in capital 584584682828(11)
Accumulated other comprehensive income (loss) 2(3)(1)1  
Accumulated deficit (1,162)(996)(479)(283)(136)(70)
Total stockholders' equity: (540)(379)(376)(219)(73)(46)
TOTAL LIABILITIES AND EQUITY: 19317886138178 

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 239375 55  
Revenue, net55  
Cost of revenue (145)(200)(11)(34)  
Cost of goods and services sold (9)8(11)(34)  
Gross profit: 93175(11)21  
Operating expenses (190)(609)(123)(119)(51)(28)
Other undisclosed operating income   11   
Operating loss: (97)(434)(123)(98)(51)(28)
Nonoperating expense (65)(77)(72)(43)(14) 
Other nonoperating income (expense)  0  (14) 
Interest and debt expense (60)(69)(1) (14) 
Loss from continuing operations before equity method investments, income taxes: (223)(580)(196)(141)(80)(28)
Other undisclosed income from continuing operations before income taxes  691 14 
Loss from continuing operations before income taxes: (223)(511)(195)(141)(66)(28)
Income tax expense (3)(6)(1)(6)  
Net loss: (226)(517)(196)(147)(66)(28)
Other undisclosed net income attributable to parent 60     
Net loss available to common stockholders, diluted: (166)(517)(196)(147)(66)(28)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (226)(517)(196)(147)(66)(28)
Other comprehensive loss   (198)(146)  
Comprehensive loss: (226)(517)(394)(293)(66)(28)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 66(2)    
Comprehensive loss, net of tax, attributable to parent: (160)(519)(394)(293)(66)(28)

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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