DALRADA FINANCIAL CORP (DFCO) financial statements (2022 and earlier)

Company profile

Business Address 600 LA TERRAZA BOULEVARD
ESCONDIDO, CA 92025
State of Incorp. WY
Fiscal Year End June 30
SIC 7363 - Help Supply Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments181110751
Cash and cash equivalents181110751
Receivables6,30640340528
Inventory, net of allowances, customer advances and progress billings1,37784265019
Inventory1,37784265019
Other undisclosed current assets255285121 
Total current assets:8,1191,6411,25248
Noncurrent Assets
Operating lease, right-of-use asset4565321,118
Property, plant and equipment7754902416
Intangible assets, net (including goodwill)1,5301,401143 
Goodwill795736143 
Intangible assets, net (excluding goodwill)735664  
Other undisclosed noncurrent assets56063930 
Total noncurrent assets:3,3213,0631,5326
TOTAL ASSETS:11,4404,7032,78453
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,6403,50511,04974
Accounts payable1,296911298 
Accrued liabilities1,342641232 
Employee-related liabilities2,0031,95310,51910,980
Other undisclosed accounts payable and accrued liabilities   (10,907)
Deferred revenue657220176
Debt403416931,875
Due to related parties4,66010,9233,610760
Other undisclosed current liabilities3282,2012,101 
Total current liabilities:10,68717,26417,0292,709
Noncurrent Liabilities
Long-term debt and lease obligation 366893 
Operating lease, liability 366893
Liabilities, other than long-term debt9,881   
Due to related parties9,881   
Other undisclosed noncurrent liabilities688113(893) 
Total noncurrent liabilities:10,569846893 
Other undisclosed liabilities   10,980
Total liabilities:21,25618,11017,92213,689
Stockholders' equity
Stockholders' equity attributable to parent, including:(10,621)(13,971)(15,138)(13,636)
Preferred stock 00 
Common stock351369342241
Additional paid in capital101,51592,96691,90591,086
Accumulated other comprehensive income (loss)7232(8) 
Accumulated deficit(112,989)(107,338)(107,430)(104,963)
Other undisclosed stockholders' equity attributable to parent430 52 
Stockholders' equity attributable to noncontrolling interest805(38)  
Other undisclosed stockholders' equity 602  
Total stockholders' equity:(9,816)(13,407)(15,138)(13,636)
TOTAL LIABILITIES AND EQUITY:11,4404,7032,78453

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
Revenues11,6413,4071,17872
Cost of revenue(5,040)(2,472)(626)(75)
Cost of goods and services sold(5,040)(2,472)(626) 
Gross profit:6,601935552(3)
Operating expenses(16,044)(9,505)(3,241)(772)
Operating loss:(9,443)(8,570)(2,689)(775)
Nonoperating income8,5348,571212 
Interest and debt expense10378(1,042)(853)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(284) 1,042 
Income (loss) from continuing operations before equity method investments, income taxes:(1,090)80(2,478)(1,628)
Other undisclosed income (loss) from continuing operations before income taxes180(78) 853
Income (loss) from continuing operations before income taxes:(909)1(2,478)(775)
Income tax expense (2,054)(667) 
Other undisclosed income from continuing operations 2,054667 
Net income (loss):(909)1(2,478)(775)
Net income (loss) attributable to noncontrolling interest(2,536)9011 
Other undisclosed net income attributable to parent   1,141
Net income (loss) attributable to parent:(3,445)91(2,466)366
Other undisclosed net income available to common stockholders, basic1,289   
Net income (loss) available to common stockholders, diluted:(2,156)91(2,466)366

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(909)1(2,478)(775)
Comprehensive income (loss):(909)1(2,478)(775)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2,575)9011 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,631(50)(19) 
Comprehensive income (loss), net of tax, attributable to parent:(854)41(2,485)(775)

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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