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)

12/31/2019
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 investments25530916720421540
Cash and cash equivalents25530916720421540
Receivables 57851618
Prepaid expense18273955137
Other undisclosed current assets10    (5)1
Total current assets:28234121433523966
Noncurrent Assets
Operating lease, right-of-use asset62
Property, plant and equipment101313   1
Intangible assets, net (including goodwill)250341433   
Intangible assets, net (excluding goodwill)250341433    
Other noncurrent assets3315   12
Total noncurrent assets:324357460   13
TOTAL ASSETS:60669867533523978
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6216296071,4861,2631,107181
Accounts payable162176155133124116107
Accrued liabilities4584534514954924951
Employee-related liabilities   49549249573
Interest and dividends payable   362155  
Debt380  2971,6271,8001,144
Derivative instruments and hedges, liabilities   1,935842438 
Due to related parties 380 35420968 
Other liabilities50      
Other undisclosed current liabilities(372)1271272,792928(182)630
Total current liabilities:6781,1367346,8644,8703,2311,955
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 debt412      
Due to related parties380      
Other liabilities32      
Other undisclosed noncurrent liabilities      (1,144)
Total noncurrent liabilities:412 400  (344) 
Total liabilities:1,0901,1361,1346,8644,8702,8871,955
Stockholders' equity
Stockholders' equity attributable to parent, including:(484)(437)(460)(6,831)(4,818)(3,192)(1,877)
Common stock11163185100
Common stock, value, subscriptions  (5)   
Additional paid in capital9,0938,9978,9204,2604,1473,7213,735
Accumulated deficit(9,595)(9,452)(9,392)(11,114)(8,985)(7,114)(5,759)
Other undisclosed stockholders' equity attributable to parent17171717171748
Total stockholders' equity:(484)(437)(460)(6,831)(4,818)(3,192)(1,877)
Other undisclosed liabilities and equity     344 
TOTAL LIABILITIES AND EQUITY:60669867533523978

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,0832,1132,2181394454146
Revenue, net2,2181394454146
Cost of revenue(287)(283)(9,707)(235)(369)(1,070)(876)
Cost of goods and services sold (283)(309)(235)(369)(166)(876)
Financial services costs   (904) 
Gross profit:1,7961,831(7,489)(96)(325)(1,016)(730)
Operating expenses(4,085)(1,826)(2,027)(555)(551)(579)(2,025)
Other undisclosed operating income2,186    9041,182
Operating income (loss):(103)5(9,516)(651)(876)(691)(1,573)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1(57)(47)(1,476)(994)(663) 
Interest and debt expense40(57)(5)(860)(887)(904)(1,972)
Loss from continuing operations before equity method investments, income taxes:(61)(110)(9,568)(2,987)(2,758)(2,257)(3,545)
Other undisclosed income from continuing operations before income taxes 575860887904 
Loss from continuing operations before income taxes:(61)(53)(9,563)(2,127)(1,870)(1,353)(3,545)
Income tax expense(1)(8)(29)(2)(0) (1)
Loss before gain (loss) on sale of properties:(62)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Other undisclosed net loss(81)      
Net loss:(143)(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 parent 6   (2) 
Net loss available to common stockholders, diluted:(143)(60)(9,592)(2,129)(1,871)(1,355)(3,547)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(143)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Comprehensive loss:(143)(60)(9,592)(2,129)(1,871)(1,353)(3,547)
Comprehensive loss, net of tax, attributable to noncontrolling interest (6)     
Comprehensive loss, net of tax, attributable to parent:(143)(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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