Freeze Tag, Inc. (FRZT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7534922553091672042
Cash and cash equivalents7534922553091672042
Receivables   5785
Prepaid expense121318273955
Other undisclosed current assets131110    
Total current assets:7785162823412143352
Noncurrent Assets
Operating lease, right-of-use asset  62
Property, plant and equipment3244101313  
Intangible assets, net (including goodwill)67158250341433  
Intangible assets, net (excluding goodwill)67158250341433  
Other noncurrent assets133315  
Other undisclosed noncurrent assets20732     
Total noncurrent assets:307237324357460  
TOTAL ASSETS:1,0857536066986753352
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6296196216296071,4861,263
Accounts payable140139162176155133124
Accrued liabilities489480458453451495492
Employee-related liabilities     495492
Interest and dividends payable     362155
Debt55145380  2971,627
Derivative instruments and hedges, liabilities     1,935842
Due to related parties380380 380 354209
Other liabilities 3250    
Other undisclosed current liabilities88(372)1271272,792928
Total current liabilities:1,0721,1846781,1367346,8644,870
Noncurrent Liabilities
Long-term debt and lease obligation    400  
Long-term debt, excluding current maturities    400  
Liabilities, other than long-term debt317242412    
Due to related parties303222380    
Other liabilities152032    
Total noncurrent liabilities:317242412 400  
Total liabilities:1,3891,4271,0901,1361,1346,8644,870
Stockholders' equity
Stockholders' equity attributable to parent, including:(304)(674)(484)(437)(460)(6,831)(4,818)
Common stock1111163
Common stock, value, subscriptions    (5)  
Additional paid in capital9,2539,1739,0938,9978,9204,2604,147
Accumulated deficit (9,865)(9,595)(9,452)(9,392)(11,114)(8,985)
Other undisclosed stockholders' equity attributable to parent(9,557)171717171717
Total stockholders' equity:(304)(674)(484)(437)(460)(6,831)(4,818)
TOTAL LIABILITIES AND EQUITY:1,0857536066986753352

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,1361,7802,0832,1132,21813944
Revenue, net2,21813944
Cost of revenue(276)(248)(287)(283)(9,707)(235)(369)
Cost of goods and services sold   (283)(309)(235)(369)
Gross profit:1,8601,5311,7961,831(7,489)(96)(325)
Operating expenses(1,970)(2,030)(4,085)(1,826)(2,027)(555)(551)
Other undisclosed operating income2762482,186    
Operating income (loss):166(251)(103)5(9,516)(651)(876)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
126(19)1(57)(47)(1,476)(994)
Interest and debt expense174(45)40(57)(5)(860)(887)
Other undisclosed income from continuing operations before equity method investments, income taxes 45     
Income (loss) from continuing operations before equity method investments, income taxes:466(270)(61)(110)(9,568)(2,987)(2,758)
Other undisclosed income (loss) from continuing operations before income taxes(174)  575860887
Income (loss) from continuing operations before income taxes:292(270)(61)(53)(9,563)(2,127)(1,870)
Income tax expense(1) (1)(8)(29)(2)(0)
Income (loss) before gain (loss) on sale of properties:290(270)(62)(60)(9,592)(2,129)(1,871)
Other undisclosed net loss  (81)    
Net income (loss):290(270)(143)(60)(9,592)(2,129)(1,871)
Net loss attributable to noncontrolling interest   (6)   
Other undisclosed net income attributable to parent   6   
Net income (loss) available to common stockholders, diluted:290(270)(143)(60)(9,592)(2,129)(1,871)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):290(270)(143)(60)(9,592)(2,129)(1,871)
Comprehensive income (loss):290(270)(143)(60)(9,592)(2,129)(1,871)
Comprehensive loss, net of tax, attributable to noncontrolling interest   (6)   
Comprehensive income (loss), net of tax, attributable to parent:290(270)(143)(66)(9,592)(2,129)(1,871)

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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