First Priority Tax Solutions, Inc (FPTA) financial statements (2021 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)

12/31/2020
TTM
6/30/2020
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:14311221384267
Accrued liabilities 13  384267
Taxes payable 25,000     
Interest and dividends payable29      
Other undisclosed accounts payable and accrued liabilities(15)(24,982)1221   
Debt10584     
Due to related parties  5213   
Other undisclosed current liabilities    958585
Total current liabilities:1191156434133127152
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 
Other undisclosed liabilities29      
Total liabilities:1471156434138142152
Stockholders' equity
Stockholders' equity attributable to parent, including:(147)(115)(64)(31)(28)(44)(71)
Common stock0 00000
Additional paid in capital25,1901587575606053
Accumulated deficit(25,447)(25,383)(248)(232)(88)(104)(125)
Other undisclosed stockholders' equity attributable to parent11025,110110126   
Total stockholders' equity:(147)(115)(64)(31)(28)(44)(71)
TOTAL LIABILITIES AND EQUITY:   31109880

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

12/31/2020
TTM
6/30/2020
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(25,037)(25,038)(31)(57)(48)(55)(113)
Other undisclosed operating income   2 0 
Operating income (loss):(25,037)(25,038)(31)(53)17(31)(107)
Nonoperating income (expense)(70)(97)  (0)1(2)
Other nonoperating income (expense)(42)(97)  (0)1(2)
Interest and debt expense(208)(97) (1)(3)(3)(3)
Income (loss) from continuing operations before equity method investments, income taxes:(25,315)(25,231)(31)(54)13(33)(112)
Other undisclosed income from continuing operations before income taxes    333
Income (loss) from continuing operations before income taxes:(25,315)(25,231)(31)(54)17(29)(109)
Other undisclosed income from continuing operations  28    
Income (loss) from continuing operations:(25,315)(25,231)(2)(54)17(29)(109)
Income (loss) from discontinued operations  (2)35   
Income (loss) before gain (loss) on sale of properties:(25,315)(25,231)(5)(19)17(29)(109)
Other undisclosed net income15      
Net income (loss):(25,299)(25,231)(5)(19)17(29)(109)
Other undisclosed net income (loss) attributable to parent19297(28)1   
Net income (loss) available to common stockholders, diluted:(25,107)(25,135)(33)(18)17(29)(109)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):(25,299)(25,231)(5)(19)17(29)(109)
Comprehensive income (loss), net of tax, attributable to parent:(25,299)(25,231)(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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