Freeze Tag, Inc. (FRZT) financial statements (2020 and earlier)

Company profile

Business Address 18062 IRVINE BLVD, SUITE 103
TUSTIN, CA 92780
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21530916720421540
Cash and cash equivalents21530916720421540
Receivables 57851618
Prepaid expense23273955137
Other undisclosed current assets3    (5)1
Total current assets:24134121433523966
Noncurrent Assets
Operating lease, right-of-use asset69
Property, plant and equipment101313   1
Intangible assets, net (including goodwill)273341433   
Intangible assets, net (excluding goodwill)273341433    
Other noncurrent assets 315   12
Other undisclosed noncurrent assets3      
Total noncurrent assets:354357460   13
TOTAL ASSETS:59569867533523978
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6426296071,4861,2631,107181
Accounts payable182176155133124116107
Accrued liabilities4604534514954924951
Employee-related liabilities   49549249573
Interest and dividends payable   362155  
Debt   2971,6271,8001,144
Derivative instruments and hedges, liabilities   1,935842438 
Due to related parties380380 35420968 
Other liabilities29      
Other undisclosed current liabilities81271272,792928(182)630
Total current liabilities:1,0581,1367346,8644,8703,2311,955
Noncurrent Liabilities
Long-term debt and lease obligation  400  (344)1,144
Long-term debt, excluding current maturities  400  (344)1,144
Liabilities, other than long-term debt40      
Other liabilities40      
Other undisclosed noncurrent liabilities      (1,144)
Total noncurrent liabilities:40 400  (344) 
Total liabilities:1,0981,1361,1346,8644,8702,8871,955
Stockholders' equity
Stockholders' equity attributable to parent, including:(503)(437)(460)(6,831)(4,818)(3,192)(1,877)
Common stock11163185100
Common stock, value, subscriptions  (5)   
Additional paid in capital9,0388,9978,9204,2604,1473,7213,735
Accumulated deficit(9,559)(9,452)(9,392)(11,114)(8,985)(7,114)(5,759)
Other undisclosed stockholders' equity attributable to parent17171717171748
Total stockholders' equity:(503)(437)(460)(6,831)(4,818)(3,192)(1,877)
Other undisclosed liabilities and equity     344 
TOTAL LIABILITIES AND EQUITY:59569867533523978

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,1342,1132,2181394454146
Revenue, net2,2181394454146
Cost of revenue(307)(283)(9,707)(235)(369)(1,070)(876)
Cost of goods and services sold(233)(283)(309)(235)(369)(166)(876)
Financial services costs   (904) 
Gross profit:1,8281,831(7,489)(96)(325)(1,016)(730)
Operating expenses(2,990)(1,826)(2,027)(555)(551)(579)(2,025)
Other undisclosed operating income1,102    9041,182
Operating income (loss):(61)5(9,516)(651)(876)(691)(1,573)
Nonoperating expense
(Other Nonoperating expense)
(21)(57)(47)(1,476)(994)(663) 
Interest and debt expense(11)(57)(5)(860)(887)(904)(1,972)
Loss from continuing operations before equity method investments, income taxes:(92)(110)(9,568)(2,987)(2,758)(2,257)(3,545)
Other undisclosed income from continuing operations before income taxes11575860887904 
Loss from continuing operations before income taxes:(81)(53)(9,563)(2,127)(1,870)(1,353)(3,545)
Income tax expense (8)(29)(2)(0) (1)
Other undisclosed loss from continuing operations(8)      
Loss before gain (loss) on sale of properties:(89)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Other undisclosed net loss(30)      
Net loss:(119)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Net loss attributable to noncontrolling interest (6)     
Other undisclosed net income (loss) attributable to parent106   (2) 
Net loss available to common stockholders, diluted:(109)(60)(9,592)(2,129)(1,871)(1,355)(3,547)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(119)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Comprehensive loss:(119)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Comprehensive loss, net of tax, attributable to noncontrolling interest (6)     
Other undisclosed comprehensive loss, net of tax, attributable to parent(6)      
Comprehensive loss, net of tax, attributable to parent:(125)(66)(9,592)(2,129)(1,871)(1,353)(3,547)

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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