Fresh Promise Foods, Inc. (FPFI) financial statements (2020 and earlier)

Company profile

Business Address 3416 SHADYBROOK DRIVE
MIDWEST CITY, OK 73110
State of Incorp. NV
Fiscal Year End December 31
SIC 204 - Grain Mill Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments0  2330
Cash and cash equivalents0  2330
Inventory, net of allowances, customer advances and progress billings   21
Inventory   21  
Other current assets   1 
Total current assets:0  23330
Noncurrent Assets
Property, plant and equipment   9111
Intangible assets, net (including goodwill)   5
Intangible assets, net (excluding goodwill)   5  
Other undisclosed noncurrent assets    (1)2
Total noncurrent assets:   95 3
TOTAL ASSETS:0  118333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities819450421698237259
Accounts payable165165165299237259
Accrued liabilities653284255   
Employee-related liabilities   330  
Interest and dividends payable   69  
Debt1,498  397229108
Derivative instruments and hedges, liabilities   585157 
Due to related parties4442447 
Disposal group, including discontinued operation 1,2821,223   
Other liabilities    10 
Other undisclosed current liabilities1,8992,5301,960 258298
Total current liabilities:4,2194,2663,6071,703937665
Noncurrent Liabilities
Long-term debt and lease obligation   425  
Long-term debt, excluding current maturities   389  
Capital lease obligations   36  
Liabilities, other than long-term debt     (23)
Deferred compensation liability, classified     (23)
Other undisclosed noncurrent liabilities   (389) 23
Total noncurrent liabilities:   36  
Total liabilities:4,2194,2663,6071,739937665
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,219)(4,266)(3,607)(1,621)(903)(662)
Preferred stock000   
Common stock887380133
Treasury stock, value   (0) 0
Additional paid in capital8,8317,9477,4187,1356,7056,296
Accumulated deficit(13,138)(12,286)(11,033)(8,756)(7,609)(6,969)
Other undisclosed stockholders' equity attributable to parent   00(22)
Total stockholders' equity:(4,219)(4,266)(3,607)(1,621)(903)(662)
TOTAL LIABILITIES AND EQUITY:0  118333

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

12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
Revenues   1017
Cost of revenue
(Cost of Goods and Services Sold)
    (8)(36)
Other undisclosed gross profit   (11)6 
Gross profit:   (10)(2)(19)
Operating expenses(946)(503) (893)(477)(3,934)
Other operating income, net
(Other Expenses)
   0  
Other undisclosed operating loss   (0)  
Operating loss:(946)(503) (903)(479)(3,953)
Nonoperating expense   (151)(160)(1,431)
Investment income, nonoperating   93  
Other nonoperating expense   (244)(160)(1,431)
Interest and debt expense98882340(576)(87)(329)
Other undisclosed income from continuing operations before equity method investments, income taxes     329
Income (loss) from continuing operations before equity method investments, income taxes:43(421)340(1,630)(726)(5,385)
Other undisclosed income from continuing operations before income taxes   48387 
Income (loss) from continuing operations before income taxes:43(421)340(1,148)(639)(5,385)
Income tax expense   (3,354) (1,831)
Income (loss) from continuing operations:43(421)340(4,502)(639)(7,216)
Income (loss) from discontinued operations1,282(59)(163)   
Net income (loss):1,324(480)177(4,502)(639)(7,216)
Other undisclosed net income (loss) attributable to parent(2,177)(773)(598)3,354 1,831
Net loss attributable to parent:(852)(1,253)(421)(1,148)(639)(5,385)
Preferred stock dividends and other adjustments(9)     
Net loss available to common stockholders, diluted:(861)(1,253)(421)(1,148)(639)(5,385)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2014
12/31/2013
12/31/2012
Net income (loss):1,324(480)177(4,502)(639)(7,216)
Comprehensive income (loss), net of tax, attributable to parent:1,324(480)177(4,502)(639)(7,216)

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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