Driven Deliveries, Inc. (DRVD) financial statements (2022 and earlier)

Company profile

Business Address 134 PENN STREET
EL SEGUNDO, CA 90245
State of Incorp. DE
Fiscal Year End December 31
SIC 8742 - Management Consulting Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2675 11
Cash and cash equivalents2675 11
Receivables47400 
Inventory, net of allowances, customer advances and progress billings150   
Inventory150   
Other undisclosed current assets207  11
Total current assets:1,0986022
Noncurrent Assets
Operating lease, right-of-use asset116
Property, plant and equipment822412
Intangible assets, net (including goodwill)4,622   
Intangible assets, net (excluding goodwill)4,622   
Deposits noncurrent assets614  
Other undisclosed noncurrent assets1,272   
Total noncurrent assets:6,1532812
Other undisclosed assets  (0) 
TOTAL ASSETS:7,25134124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,701219316
Taxes payable784 00
Interest and dividends payable  2 
Settlement liabilities352   
Other undisclosed accounts payable and accrued liabilities564219 16
Debt1,057   
Deferred rent credit 5
Derivative instruments and hedges, liabilities27   
Due to related parties 12 26
Business combination, contingent consideration, liability908   
Other undisclosed current liabilities1,416150250
Total current liabilities:5,1093862843
Noncurrent Liabilities
Long-term debt and lease obligation76   
Operating lease, liability76
Liabilities, other than long-term debt443   
Business combination, contingent consideration, liability443   
Total noncurrent liabilities:519   
Total liabilities:5,6283862843
Stockholders' equity
Stockholders' equity attributable to parent2,150(352)(27)(19)
Common stock4400
Additional paid in capital17,3882,4255837
Accumulated deficit(15,242)(2,681)(85)(56)
Stockholders' equity note, subscriptions receivable (100)  
Stockholders' equity attributable to noncontrolling interest(528)   
Total stockholders' equity:1,622(352)(27)(19)
TOTAL LIABILITIES AND EQUITY:7,25134124

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2,823(65)55168
Revenue, net55168
Cost of revenue(1,851)(3)(8)(31)
Cost of goods and services sold(1,851) (19)(75)
Other undisclosed gross profit  (14)(44)
Gross profit:972(68)3393
Operating expenses(13,474)(2,553)(59)(128)
Operating loss:(12,502)(2,621)(27)(35)
Nonoperating expense
(Other Nonoperating expense)
(344)   
Interest and debt expense268(2) 
Loss from continuing operations before equity method investments, income taxes:(12,821)(2,614)(29)(35)
Other undisclosed loss from continuing operations before income taxes(26)(15)  
Loss from continuing operations before income taxes:(12,847)(2,629)(29)(35)
Income tax expense(241)   
Other undisclosed income from continuing operations12,561   
Loss before gain (loss) on sale of properties:(528)(2,629)(29)(35)
Other undisclosed net loss(12,561)   
Net loss:(13,088)(2,629)(29)(35)
Net income attributable to noncontrolling interest12,561   
Other undisclosed net loss attributable to parent(12,561)   
Net loss available to common stockholders, diluted:(13,088)(2,629)(29)(35)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(13,088)(2,629)(29)(35)
Comprehensive loss:(13,088)(2,629)(29)(35)
Comprehensive income, net of tax, attributable to noncontrolling interest12,561   
Comprehensive loss, net of tax, attributable to parent:(528)(2,629)(29)(35)

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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