Crumbs Bake Shop Inc (CRMB) Financial Statements (2023 and Earlier)

Company Profile

Business Address 110 WEST 40TH STREET, SUITE 2100
NEW YORK, NY 10018
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 205 - Bakery Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

Current Assets
Cash, cash equivalents, and short-term investments8936,270
Cash and cash equivalents8936,270
Inventory, net of allowances, customer advances and progress billings419559
Prepaid expense and other current assets1,010
Other current assets424
Total current assets:2,0568,098
Noncurrent Assets
Property, plant and equipment14,59813,209
Intangible assets, net (including goodwill)846367
Intangible assets, net (excluding goodwill)846367
Regulated entity, other noncurrent assets837 
Deposits noncurrent assets239289
Restricted cash and investments673673
Prepaid expense and other noncurrent assets477
Other undisclosed noncurrent assets7544,774
Total noncurrent assets:17,94819,789
TOTAL ASSETS:20,00427,887
Current Liabilities
Accounts payable and accrued liabilities, including:3,7852,079
Employee-related liabilities365357
Taxes payable182110
Other undisclosed accounts payable and accrued liabilities3,2391,612
Deferred revenue and credits17 
Other undisclosed current liabilities804701
Total current liabilities:4,6072,781
Noncurrent Liabilities
Long-term debt and lease obligation10,000 
Long-term debt, excluding current maturities10,000 
Liabilities, other than long-term debt4,3936,560
Deferred revenue and credits4,0663,791
Due to related parties 2,387
Derivative instruments and hedges, liabilities327382
Total noncurrent liabilities:14,3936,560
Total liabilities:19,0009,340
Stockholders' equity
Stockholders' equity attributable to parent(1,145)13,429
Preferred stock00
Common stock11
Treasury stock, value(15,914)(15,914)
Additional paid in capital39,80439,117
Accumulated deficit(25,037)(9,776)
Stockholders' equity attributable to noncontrolling interest2,1495,118
Total stockholders' equity:1,00418,546

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

Cost of revenue(21,707)(19,059)
Gross profit:25,49623,970
Operating expenses(40,892)(34,507)
Operating loss:(15,396)(10,537)
Nonoperating income (expense)(447)184
Investment income, nonoperating92295
Interest and debt expense(403) 
Loss from continuing operations before equity method investments, income taxes:(16,245)(10,353)
Other undisclosed income from continuing operations before income taxes403 
Loss from continuing operations before income taxes:(15,843)(10,353)
Income tax expense (benefit)(2,387)7
Net loss:(18,229)(10,346)
Net income attributable to noncontrolling interest2,9682,651
Net loss available to common stockholders, diluted:(15,261)(7,695)

Comprehensive Income ($ in thousands)

Net loss:(18,229)(10,346)
Comprehensive loss:(18,229)(10,346)
Comprehensive loss, net of tax, attributable to noncontrolling interest(2,968)(2,651)
Comprehensive loss, net of tax, attributable to parent:(21,198)(12,997)

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.

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