Freeze Tag, Inc. (FRZT) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments492255309167204215
Cash and cash equivalents492255309167204215
Receivables  578516
Prepaid expense131827395513
Other undisclosed current assets1110    (5)
Total current assets:516282341214335239
Noncurrent Assets
Operating lease, right-of-use asset 62
Property, plant and equipment44101313   
Intangible assets, net (including goodwill)158250341433   
Intangible assets, net (excluding goodwill)158250341433   
Other noncurrent assets33315   
Other undisclosed noncurrent assets32      
Total noncurrent assets:237324357460   
TOTAL ASSETS:753606698675335239
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6196216296071,4861,2631,107
Accounts payable139162176155133124116
Accrued liabilities480458453451495492495
Employee-related liabilities    495492495
Interest and dividends payable    362155 
Debt145380  2971,6271,800
Derivative instruments and hedges, liabilities    1,935842438
Due to related parties380 380 35420968
Other liabilities3250     
Other undisclosed current liabilities8(372)1271272,792928(182)
Total current liabilities:1,1846781,1367346,8644,8703,231
Noncurrent Liabilities
Long-term debt and lease obligation   400  (344)
Long-term debt, excluding current maturities   400  (344)
Liabilities, other than long-term debt242412     
Due to related parties222380     
Other liabilities2032     
Total noncurrent liabilities:242412 400  (344)
Total liabilities:1,4271,0901,1361,1346,8644,8702,887
Stockholders' equity
Stockholders' equity attributable to parent, including:(674)(484)(437)(460)(6,831)(4,818)(3,192)
Common stock111163185
Common stock, value, subscriptions   (5)   
Additional paid in capital9,1739,0938,9978,9204,2604,1473,721
Accumulated deficit(9,865)(9,595)(9,452)(9,392)(11,114)(8,985)(7,114)
Other undisclosed stockholders' equity attributable to parent17171717171717
Total stockholders' equity:(674)(484)(437)(460)(6,831)(4,818)(3,192)
Other undisclosed liabilities and equity      344
TOTAL LIABILITIES AND EQUITY:753606698675335239

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,7802,0832,1132,2181394454
Revenue, net2,2181394454
Cost of revenue(248)(287)(283)(9,707)(235)(369)(1,070)
Cost of goods and services sold  (283)(309)(235)(369)(166)
Financial services costs   (904)
Gross profit:1,5311,7961,831(7,489)(96)(325)(1,016)
Operating expenses(2,030)(4,085)(1,826)(2,027)(555)(551)(579)
Other undisclosed operating income2482,186    904
Operating income (loss):(251)(103)5(9,516)(651)(876)(691)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(19)1(57)(47)(1,476)(994)(663)
Interest and debt expense(45)40(57)(5)(860)(887)(904)
Other undisclosed income from continuing operations before equity method investments, income taxes45      
Loss from continuing operations before equity method investments, income taxes:(270)(61)(110)(9,568)(2,987)(2,758)(2,257)
Other undisclosed income from continuing operations before income taxes  575860887904
Loss from continuing operations before income taxes:(270)(61)(53)(9,563)(2,127)(1,870)(1,353)
Income tax expense (1)(8)(29)(2)(0) 
Loss before gain (loss) on sale of properties:(270)(62)(60)(9,592)(2,129)(1,871)(1,353)
Other undisclosed net loss (81)     
Net loss:(270)(143)(60)(9,592)(2,129)(1,871)(1,353)
Net loss attributable to noncontrolling interest  (6)    
Other undisclosed net income (loss) attributable to parent  6   (2)
Net loss available to common stockholders, diluted:(270)(143)(60)(9,592)(2,129)(1,871)(1,355)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(270)(143)(60)(9,592)(2,129)(1,871)(1,353)
Comprehensive loss:(270)(143)(60)(9,592)(2,129)(1,871)(1,353)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (6)    
Comprehensive loss, net of tax, attributable to parent:(270)(143)(66)(9,592)(2,129)(1,871)(1,353)

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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