Fastfunds Financial Corp (FFFC) financial statements (2021 and earlier)

Company profile

Business Address 11100 WAYZATA BLVD
MINNETONKA, MN 55305
State of Incorp. NV
Fiscal Year End December 31
SIC 6141 - Personal Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9320
Cash and cash equivalents9320
Receivables1062325247
Prepaid expense 38 
Other current assets00 
Other undisclosed current assets119611
Total current assets:1262825958
Noncurrent Assets
Long-term investments and receivables90909090
Long-term investments90909090
Intangible assets, net (including goodwill)9898
Intangible assets, net (excluding goodwill)9898  
Other noncurrent assets282 
Prepaid expense and other noncurrent assets00
Other undisclosed noncurrent assets1565  
Total noncurrent assets:3721949090
TOTAL ASSETS:499476149148
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,5147,1003,4823,021
Accounts payable725881724716
Accrued liabilities4,3043,734 3,021
Settlement liabilities2,4852,485
Other undisclosed accounts payable and accrued liabilities  2,757(716)
Debt1,05066333375
Derivative instruments and hedges, liabilities   (9)
Estimated litigation liability2,4852,4852,4852,485
Due to related parties757575333
Other undisclosed current liabilities1,4561,0833,7933,648
Total current liabilities:12,57911,40610,1689,554
Noncurrent Liabilities
Liabilities, other than long-term debt2715 2,091
Due to related parties2715 2,091
Other undisclosed noncurrent liabilities211,150  
Total noncurrent liabilities:2911,165 2,091
Total liabilities:12,60822,57010,16811,645
Commitments and contingencies (11,123)  
Stockholders' equity
Stockholders' equity attributable to parent, including:(12,081)(10,929)(10,019)(9,406)
Preferred stock331 
Common stock2,825141,192132
Additional paid in capital14,87716,30513,34013,590
Retained earnings (accumulated deficit)(29,814)(27,293)10,10923,186
Warrants and rights outstanding0   
Other undisclosed stockholders' equity attributable to parent2941(34,661)(46,314)
Stockholders' equity attributable to noncontrolling interest 4158 
Other undisclosed stockholders' equity(29)(83)  
Total stockholders' equity:(12,110)(10,970)(9,961)(9,406)
Other undisclosed liabilities and equity  (58)(2,091)
TOTAL LIABILITIES AND EQUITY:499476149148

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues8225633137
Cost of revenue
(Cost of Goods and Services Sold)
(575)(440)  
Other undisclosed gross profit(25)(25)(27)(32)
Gross profit:2229855
Operating expenses (465)(27)(32)
Other operating expense, net(2,145)(2)(2)(4)
Other expenses(2,145)(2,056)(1,196)(153)
Other undisclosed operating loss   (618)
Operating loss:(1,923)(370)(23)(648)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(820)(387)5617
Interest and debt expense(1,289)(1,669)1,140(27)
Income (loss) from continuing operations before equity method investments, income taxes:(4,031)(2,425)1,173(659)
Loss from equity method investments(15)   
Income (loss) from continuing operations before income taxes:(4,046)(2,425)1,173(659)
Income tax expense (1,603) (302)
Net income (loss):(4,046)(4,028)1,173(961)
Net income attributable to noncontrolling interest12   
Other undisclosed net income (loss) attributable to parent1,4841,347(2,598)448
Net loss attributable to parent:(2,550)(2,681)(1,426)(512)
Other undisclosed net income available to common stockholders, basic12   
Net loss available to common stockholders, diluted:(2,537)(2,681)(1,426)(512)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(4,046)(4,028)1,173(961)
Comprehensive income (loss):(4,046)(4,028)1,173(961)
Comprehensive income, net of tax, attributable to noncontrolling interest12   
Comprehensive income (loss), net of tax, attributable to parent:(4,034)(4,028)1,173(961)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: