First Colombia Development Corp. (FCOL) financial statements (2021 and earlier)

Company profile

Business Address 866 NAVAJO ST
DENVER, CO 80204
State of Incorp. NV
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments3303,474207000
Cash and cash equivalents3303,474207000
Receivables540     
Inventory, net of allowances, customer advances and progress billings 34010   
Inventory 34010   
Prepaid expense6011228   
Disposal group, including discontinued operation 7    
Assets held-for-sale, not part of disposal group6,868     
Total current assets:7,7983,933246000
Noncurrent Assets
Operating lease, right-of-use asset 1,244
Property, plant and equipment 2,153457   
Intangible assets, net (including goodwill)2,8868,725    
Goodwill 5,856    
Intangible assets, net (excluding goodwill)2,8862,869    
Deposits noncurrent assets 16    
Other undisclosed noncurrent assets(2,886)     
Total noncurrent assets: 12,137457   
TOTAL ASSETS:7,79816,070704000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,248755491237568
Accounts payable     68
Taxes payable125    
Other undisclosed accounts payable and accrued liabilities2,2477304912375 
Debt413472    
Due to related parties 307855458
Other undisclosed current liabilities1,46525    
Total current liabilities:4,1261,5595717712076
Noncurrent Liabilities
Long-term debt and lease obligation 772    
Operating lease, liability 772
Liabilities, other than long-term debt15     
Deferred income tax liabilities15 
Other undisclosed noncurrent liabilities525    
Total noncurrent liabilities:67777    
Total liabilities:4,1932,3365717712076
Stockholders' equity
Stockholders' equity attributable to parent, including:3,60512,440647(177)(120)(76)
Common stock9710676353535
Additional paid in capital19,13916,2471,426201201201
Accumulated other comprehensive loss  (15)   
Accumulated deficit(15,729)(3,913)(841)(413)(356)(312)
Other undisclosed stockholders' equity attributable to parent99     
Stockholders' equity attributable to noncontrolling interest 1,295    
Total stockholders' equity:3,60513,734647(177)(120)(76)
TOTAL LIABILITIES AND EQUITY:7,79816,070704000

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues7813,479    
Cost of revenue
(Cost of Goods and Services Sold)
(744)(2,436)    
Gross profit:371,043    
Operating expenses(6,572)(4,064)(338)(52)(46)(22)
Operating loss:(6,535)(3,021)(338)(52)(46)(22)
Nonoperating income (expense)(326)(10)1(5)27
Foreign currency transaction gain (loss), before tax(89)(0)1(5)27
Interest and debt expense (13)(39)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 13(51)000
Loss from continuing operations before income taxes:(6,860)(3,031)(427)(57)(44)(15)
Income tax expense(10)(5)    
Loss from continuing operations:(6,871)(3,035)(427)(57)(44)(15)
Loss from discontinued operations(4,945)(22)   (78)
Loss before gain (loss) on sale of properties:(11,816)(3,058)(427)(57)(44)(94)
Other undisclosed net income4,945     
Net loss:(6,871)(3,058)(427)(57)(44)(94)
Other undisclosed net loss attributable to parent(4,945)     
Net loss available to common stockholders, diluted:(11,816)(3,058)(427)(57)(44)(94)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(6,871)(3,058)(427)(57)(44)(94)
Other comprehensive income (loss)  (15)  15
Comprehensive loss:(6,871)(3,058)(443)(57)(44)(79)
Other undisclosed comprehensive loss, net of tax, attributable to parent(4,945)(5)    
Comprehensive loss, net of tax, attributable to parent:(11,816)(3,063)(443)(57)(44)(79)

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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