Forcefield Energy Inc (FNRG) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
245 PARK AVENUE NEW YORK, NY 10167 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 250 | 58 | 994 | |||
| Cash and cash equivalents | 250 | 58 | 994 | |||
| Receivables | 277 | 4,470 | ||||
| Inventory, net of allowances, customer advances and progress billings | 29 | 323 | ||||
| Inventory | 29 | 323 | ||||
| Disposal group, including discontinued operation | 2,964 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 449 | ||
| Deferred tax assets | 90 | |||||
| Other current assets | 17 | ✕ | ||||
| Other undisclosed current assets | 3,746 | |||||
| Total current assets: | 250 | 7,090 | 6,326 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 168 | 7 | 7,547 | |||
| Long-term investments and receivables | 413 | |||||
| Due from related parties | 413 | |||||
| Intangible assets, net (including goodwill) | 20,365 | 2,010 | 6,205 | |||
| Goodwill | 12,388 | 1,343 | ||||
| Intangible assets, net (excluding goodwill) | 7,977 | 2,010 | 4,862 | |||
| Deferred tax assets, net | (418) | (409) | ||||
| Other undisclosed noncurrent assets | 11,680 | 431 | ||||
| Total noncurrent assets: | 20,533 | 13,279 | 14,187 | |||
| TOTAL ASSETS: | 20,783 | 20,369 | 20,513 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 855 | 4,368 | ||||
| Taxes payable | 2 | 1,239 | ||||
| Accounts payable | 380 | 3,689 | ||||
| Accrued liabilities | 473 | 679 | ||||
| Other undisclosed accounts payable and accrued liabilities | (1,239) | |||||
| Debt | 50 | 100 | ||||
| Due to related parties | 5,489 | |||||
| Other undisclosed current liabilities | 11,427 | 1,403 | ||||
| Total current liabilities: | 50 | 12,381 | 11,260 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 3,000 | 1,786 | 150 | |||
| Long-term debt, excluding current maturities | 3,000 | 1,786 | 150 | |||
| Liabilities, other than long-term debt, including: | 1,998 | 418 | 409 | |||
| Deferred tax liabilities, net | 418 | 409 | ||||
| Other liabilities | 493 | |||||
| Other undisclosed liabilities, other than long-term debt | 1,506 | |||||
| Other undisclosed noncurrent liabilities | 1,270 | |||||
| Total noncurrent liabilities: | 4,998 | 3,474 | 559 | |||
| Total liabilities: | 5,048 | 15,855 | 11,819 | |||
| Equity | ||||||
| Equity, attributable to parent | 4,513 | 6,426 | ||||
| Common stock | 17 | 16 | ||||
| Additional paid in capital | 16,763 | 13,015 | ||||
| Accumulated other comprehensive income | 417 | 317 | ||||
| Accumulated deficit | (12,683) | (6,922) | ||||
| Equity, attributable to noncontrolling interest | 0 | 2,268 | ||||
| Other undisclosed equity | 9,330 | |||||
| Total equity: | 9,330 | 4,513 | 8,694 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,378 | 20,369 | 20,513 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 7,520 | 344 | 2,129 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (5,146) | (273) | (2,073) | ||
| Gross profit: | 2,374 | 71 | 56 | ||
| Operating expenses | (5,436) | 4,027 | (4,032) | ||
| Other operating expense, net (Other Expenses) | (85) | ||||
| Other undisclosed operating income | 85 | ||||
| Operating income (loss): | (3,062) | 4,098 | (3,975) | ||
| Nonoperating income (Other Nonoperating income) | 545 | ||||
| Interest and debt expense | 460 | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (920) | ||||
| Income (loss) from continuing operations before income taxes: | (2,977) | 4,098 | (3,975) | ||
| Income tax benefit | 339 | 198 | 334 | ||
| Other undisclosed loss from continuing operations | (5,747) | ||||
| Loss from continuing operations: | (2,638) | (1,451) | (3,642) | ||
| Loss before gain (loss) on sale of properties: | (2,638) | (5,761) | (3,642) | ||
| Loss from discontinued operations | (4,310) | ||||
| Other undisclosed net loss | (2,268) | ||||
| Net loss: | (2,638) | (8,028) | (3,642) | ||
| Net income attributable to noncontrolling interest | 2,268 | 727 | |||
| Other undisclosed net loss attributable to parent | (2,268) | (1,034) | |||
| Net loss attributable to parent: | (2,638) | (8,028) | (3,948) | ||
| Other undisclosed net income available to common stockholders, basic | 2,268 | 727 | |||
| Net loss available to common stockholders, diluted: | (2,638) | (5,761) | (3,221) | ||
Comprehensive Income ($ in thousands)
| 9/30/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (2,638) | (8,028) | (3,642) | ||
| Other comprehensive loss | (3,911) | ||||
| Other undisclosed comprehensive income | 2,367 | 4,369 | |||
| Comprehensive loss: | (2,638) | (5,662) | (3,183) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (2,268) | (727) | |||
| Comprehensive loss, net of tax, attributable to parent: | (2,638) | (7,929) | (3,911) | ||
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.