FIRST RATE STAFFING CORP (FRSI) financial statements (2020 and earlier)

Company profile

Business Address 2775 WEST THOMAS ROAD
PHOENIX, AZ 85018
State of Incorp. DE
Fiscal Year End December 31
SIC 7363 - Help Supply Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2016
TTM
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 565
Cash and cash equivalents 565
Receivables 733
Total current assets: 1,298
Noncurrent Assets
Property, plant and equipment 53
Long-term investments and receivables 99
Due from related parties 99
Intangible assets, net (including goodwill) 273
Intangible assets, net (excluding goodwill) 273
Deposits noncurrent assets 8
Total noncurrent assets: 432
TOTAL ASSETS: 1,730
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,136
Accounts payable 355
Accrued liabilities 781
Debt 112
Total current liabilities: 1,249
Noncurrent Liabilities
Long-term debt and lease obligation 162
Long-term debt, excluding current maturities 162
Total noncurrent liabilities: 162
Total liabilities: 1,410
Stockholders' equity
Stockholders' equity attributable to parent 320
Common stock 1
Additional paid in capital 1,090
Accumulated deficit (770)
Total stockholders' equity: 320
TOTAL LIABILITIES AND EQUITY: 1,730

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

9/30/2016
TTM
12/31/2015
Revenues 32,875
Cost of revenue (29,936)
Gross profit: 2,938
Operating expenses (3,273)
Operating loss: (334)
Interest and debt expense (274)
Loss from continuing operations before equity method investments, income taxes: (608)
Other undisclosed income from continuing operations before income taxes 80
Loss from continuing operations before income taxes: (528)
Income tax expense (111)
Net loss available to common stockholders, diluted: (639)

Comprehensive Income ($ in thousands)

9/30/2016
TTM
12/31/2015
Net loss: (639)
Comprehensive loss, net of tax, attributable to parent: (639)

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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