Forcefield Energy Inc (FNRG) financial statements (2022 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)

Current Assets
Cash, cash equivalents, and short-term investments25058994
Cash and cash equivalents25058994
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 equipment16877,547
Long-term investments and receivables  413
Due from related parties  413
Intangible assets, net (including goodwill)20,3652,0106,205
Goodwill12,388 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
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)
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 obligation3,0001,786150
Long-term debt, excluding current maturities3,0001,786150
Liabilities, other than long-term debt, including:1,998418409
Deferred tax liabilities, net 418409
Other liabilities493  
Other undisclosed liabilities, other than long-term debt1,506  
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' equity9,330  
Total stockholders' equity:9,3304,5138,694

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

(Revenue, Net)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:2,3747156
Operating expenses(5,436)4,027(4,032)
Other operating expense, net
(Other Expenses)
Other undisclosed operating income85  
Operating income (loss):(3,062)4,098(3,975)
Nonoperating income
(Other Nonoperating income)
Interest and debt expense460  
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 benefit339198334
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)

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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