Forza Innovations Inc (FORZ) financial statements (2022 and earlier)

Company profile

Business Address 406 9TH AVENUE
SAN DIEGO, CA 92101
State of Incorp. WY
Fiscal Year End June 30
SIC 3442 - Metal Doors, Sash, Frames, Molding, and Trim Manufacturing (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23141751701821
Cash and cash equivalents23141751701821
Receivables  8653114 
Inventory, net of allowances, customer advances and progress billings    8 
Inventory    8 
Total current assets:231426122314021
Noncurrent Assets
Property, plant and equipment96109227239118 
Intangible assets, net (including goodwill)1215   1
Intangible assets, net (excluding goodwill)1215   1
Other undisclosed noncurrent assets  360163267 
Total noncurrent assets:1081245874023861
TOTAL ASSETS:13113884862552621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:192936425521
Accounts payable3835    
Employee-related liabilities80 747 
Interest and dividends payable7558    
Other undisclosed accounts payable and accrued liabilities  5721461
Debt175273222 225 
Derivative instruments and hedges, liabilities329     
Due to related parties5455123102676
Other undisclosed current liabilities  18114186 
Total current liabilities:7504214272415307
Noncurrent Liabilities
Long-term debt and lease obligation  361   
Long-term debt, excluding current maturities  361   
Other undisclosed noncurrent liabilities   286  
Total noncurrent liabilities:  361286  
Total liabilities:7504217885275307
Stockholders' equity
Stockholders' equity attributable to parent(619)(283)6098(4)14
Preferred stock101010101010
Common stock2922818181818
Additional paid in capital3,9193,17438410110144
Accumulated deficit(4,843)(3,495)(352)(31)(133)(57)
Other undisclosed stockholders' equity attributable to parent3     
Total stockholders' equity:(619)(283)6098(4)14
TOTAL LIABILITIES AND EQUITY:13113884862552621

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Revenues131 6057692371
Gain on disposition of assets for financial service operations131   
Cost of revenue  (398)(458)(84)(1)
Gross profit:131 2073111521
Operating expenses(1,192)(60)(232)(148)(221)(48)
Other operating expense, net
(Other Expenses)
   (21)(8) 
Other undisclosed operating income (loss)(131)  218 
Operating income (loss):(1,192)(60)(25)162(68)(47)
Nonoperating expense
(Other Nonoperating expense)
(209)     
Interest and debt expense(299) (44)(21)(8) 
Other undisclosed income from continuing operations before equity method investments, income taxes150     
Income (loss) from continuing operations before equity method investments, income taxes:(1,549)(60)(69)141(76)(47)
Other undisclosed loss from continuing operations before income taxes(3,106)(3,108)(253)   
Income (loss) from continuing operations before income taxes:(4,655)(3,169)(321)141(76)(47)
Income tax expense (benefit)   38(16)(3)
Other undisclosed income from continuing operations299     
Income (loss) from continuing operations:(4,356)(3,169)(321)180(92)(50)
Income from discontinued operations925    
Net income (loss):(4,347)(3,143)(321)180(92)(50)
Other undisclosed net income (loss) attributable to parent   (77)163
Net income (loss) attributable to parent:(4,347)(3,143)(321)103(76)(47)
Other undisclosed net income available to common stockholders, basic2,0436,312    
Net income (loss) available to common stockholders, diluted:(2,305)3,169(321)103(76)(47)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
Net income (loss):(4,347)(3,143)(321)180(92)(50)
Comprehensive income (loss), net of tax, attributable to parent:(4,347)(3,143)(321)180(92)(50)

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: