Forcefield Energy Inc (FNRG) financial statements (2020 and earlier)

Company profile

Business Address 245 PARK AVENUE
NEW YORK, NY 10167
State of Incorp. NV
Fiscal Year End December 31
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
TTM
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 25058994
Cash and cash equivalents 25058994
Receivables  2774,470
Inventory, net of allowances, customer advances and progress billings  29323
Inventory  29323
Disposal group, including discontinued operation  2,964 
Prepaid expense and other current assets449
Deferred tax assets   90
Other current assets  17
Other undisclosed current assets  3,746 
Total current assets: 2507,0906,326
Noncurrent Assets
Property, plant and equipment 16877,547
Long-term investments and receivables   413
Due from related parties   413
Intangible assets, net (including goodwill) 20,3652,0106,205
Goodwill 12,388 1,343
Intangible assets, net (excluding goodwill) 7,9772,0104,862
Deferred tax assets, net  (418)(409)
Other undisclosed noncurrent assets  11,680431
Total noncurrent assets: 20,53313,27914,187
TOTAL ASSETS: 20,78320,36920,513
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:  8554,368
Accounts payable  3803,689
Accrued liabilities  473679
Taxes payable  21,239
Other undisclosed accounts payable and accrued liabilities   (1,239)
Debt 50100 
Due to related parties   5,489
Other undisclosed current liabilities  11,4271,403
Total current liabilities: 5012,38111,260
Noncurrent Liabilities
Long-term debt and lease obligation 3,0001,786150
Long-term debt, excluding current maturities 3,0001,786150
Liabilities, other than long-term debt, including: 1,998418409
Deferred tax liabilities, net  418409
Other liabilities 493  
Other undisclosed liabilities, other than long-term debt 1,506  
Other undisclosed noncurrent liabilities  1,270 
Total noncurrent liabilities: 4,9983,474559
Total liabilities: 5,04815,85511,819
Stockholders' equity
Stockholders' equity attributable to parent  4,5136,426
Common stock  1716
Additional paid in capital  16,76313,015
Accumulated other comprehensive income  417317
Accumulated deficit  (12,683)(6,922)
Stockholders' equity attributable to noncontrolling interest  02,268
Other undisclosed stockholders' equity 9,330  
Total stockholders' equity: 9,3304,5138,694
TOTAL LIABILITIES AND EQUITY: 14,37820,36920,513

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

9/30/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 7,5203442,129
Cost of revenue
(Cost of Goods and Services Sold)
 (5,146)(273)(2,073)
Gross profit: 2,3747156
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 339198334
Other undisclosed loss from continuing operations  (5,747) 
Loss from continuing operations: (2,638)(1,451)(3,642)
Loss from discontinued operations  (4,310) 
Loss before gain (loss) on sale of properties: (2,638)(5,761)(3,642)
Other undisclosed net loss  (2,268) 
Net loss: (2,638)(8,028)(3,642)
Net income attributable to noncontrolling interest  2,268727
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  2,268727
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  2,3674,369
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 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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