First Priority Tax Solutions, Inc (FPTA) financial statements (2020 and earlier)

Company profile

Business Address 120 HIGH ROAD, EAST FINCHLEY
LONDON, N2 9ED
State of Incorp. DE
Fiscal Year End June 30
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  31797
Cash and cash equivalents  31797
Receivables   30 
Prepaid expense   0  
Deferred rent asset   2117 
Total current assets:  341277
Noncurrent Assets
Property, plant and equipment   697173
Total noncurrent assets:   697173
TOTAL ASSETS:  31109880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:151221384267
Accrued liabilities   384267
Other undisclosed accounts payable and accrued liabilities151221   
Due to related parties635213   
Other undisclosed current liabilities   958585
Total current liabilities:786434133127152
Noncurrent Liabilities
Long-term debt and lease obligation   858585
Long-term debt, excluding current maturities   858585
Liabilities, other than long-term debt   10  
Due to related parties   10  
Other undisclosed noncurrent liabilities   (91)(71)(85)
Total noncurrent liabilities:   515 
Total liabilities:786434138142152
Stockholders' equity
Stockholders' equity attributable to parent, including:(78)(64)(31)(28)(44)(71)
Common stock000000
Additional paid in capital757575606053
Accumulated deficit(262)(248)(232)(88)(104)(125)
Other undisclosed stockholders' equity attributable to parent110110126   
Total stockholders' equity:(78)(64)(31)(28)(44)(71)
TOTAL LIABILITIES AND EQUITY:  31109880

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

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues  678299
Other income   35
Cost of revenue  (4)(13)(4)(2)
Cost of goods and services sold    (4)(2)
Other undisclosed gross profit    (0) 
Gross profit:  265257
Operating expenses(32)(31)(57)(48)(55)(113)
Other undisclosed operating income  2 0 
Operating income (loss):(32)(31)(53)17(31)(107)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
   (0)1(2)
Interest and debt expense  (1)(3)(3)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(32)(31)(54)13(33)(112)
Other undisclosed income from continuing operations before income taxes   333
Income (loss) from continuing operations before income taxes:(32)(31)(54)17(29)(109)
Other undisclosed income from continuing operations2828    
Income (loss) from continuing operations:(4)(2)(54)17(29)(109)
Income (loss) from discontinued operations(0)(2)35   
Net income (loss):(4)(5)(19)17(29)(109)
Other undisclosed net income (loss) attributable to parent(28)(28)1   
Net income (loss) available to common stockholders, diluted:(33)(33)(18)17(29)(109)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(4)(5)(19)17(29)(109)
Comprehensive income (loss), net of tax, attributable to parent:(4)(5)(19)17(29)(109)

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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