Forevergreen Worldwide Corp (FVRG) financial statements (2022 and earlier)

Company profile

Business Address 632 N 2000 W
LINDON, UT 84042
State of Incorp. NV
Fiscal Year End December 31
SIC 209 - Miscellaneous Food Preparations And Kindred (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments81108187495581285
Cash and cash equivalents81108187495581285
Restricted cash and investments275715262589 
Receivables97215320732531395
Inventory, net of allowances, customer advances and progress billings4277191,4812,0282,0171,071
Inventory4277191,4812,0282,0171,071
Prepaid expense  154512644174
Other undisclosed current assets51127 166382 
Total current assets:6841,2272,2943,9954,7431,925
Noncurrent Assets
Property, plant and equipment1,6352,6803,4253,4932,565461
Intangible assets, net (including goodwill) (942)6 192
Intangible assets, net (excluding goodwill) (942)6 192 
Other noncurrent assets   293401313
Other undisclosed noncurrent assets 942  (192) 
Total noncurrent assets:1,6352,6803,4303,7872,966774
TOTAL ASSETS:2,3193,9065,7257,7817,7102,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1664,6096,4755,8067,4326,140
Accounts payable1,8132,1792,7513,0491,442448
Accrued liabilities2,3532,4293,7242,7584,8793,361
Employee-related liabilities    185115
Taxes payable    9262,216
Deferred revenue231
Debt2,591(1,847)(1,601)(1,543)(1,406)77
Due to related parties133   245 
Deferred revenue and credits148287172406
Other undisclosed current liabilities3,0793,6933,3833,3371,643(2,331)
Total current liabilities:10,1996,4708,3397,6888,0864,292
Noncurrent Liabilities
Long-term debt and lease obligation4585,7931,240  842
Long-term debt, excluding current maturities4585,7931,240  842
Other undisclosed noncurrent liabilities1,000 3,7951,501 1,167
Total noncurrent liabilities:1,4585,7935,0351,501 2,009
Total liabilities:11,65712,26213,3749,1898,0866,301
Stockholders' equity
Stockholders' equity attributable to parent(9,338)(8,356)(7,650)(1,407)(377)(3,602)
Common stock312727252419
Treasury stock, value (1,000)(1,000)   
Additional paid in capital37,10637,11836,38435,89834,26331,668
Accumulated other comprehensive income (loss)1,104401(313)(491)(444)(40)
Accumulated deficit(47,579)(44,902)(42,746)(36,839)(34,219)(35,248)
Total stockholders' equity:(9,338)(8,356)(7,650)(1,407)(377)(3,602)
TOTAL LIABILITIES AND EQUITY:2,3193,9065,7257,7817,7102,700

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues10,15918,49340,27967,12758,34117,757
Revenue, net18,49340,27967,12758,34117,757
Cost of revenue(3,303)(4,572)(11,493)(17,653)(12,470)(4,749)
Cost of goods and services sold(1,947)     
Gross profit:6,85613,92128,78649,47445,87113,008
Operating expenses(8,484)(15,363)(32,860)(51,590)(44,189)(12,625)
Operating income (loss):(1,628)(1,442)(4,073)(2,115)1,682383
Nonoperating expense(1,049)(714)(1,845)(447)(566)(266)
Other nonoperating income (expense)75137(481)(179)(98)(93)
Interest and debt expense25(851)(422)24 235
Income (loss) from continuing operations before income taxes:(2,652)(3,007)(6,340)(2,538)1,116352
Income tax expense (benefit)  11(58)(87) 
Net income (loss):(2,652)(3,007)(6,329)(2,596)1,029352
Other undisclosed net income (loss) attributable to parent(25)851422(24) (235)
Net income (loss) available to common stockholders, diluted:(2,676)(2,156)(5,907)(2,620)1,029117

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(2,652)(3,007)(6,329)(2,596)1,029352
Other comprehensive income     4
Comprehensive income (loss):(2,652)(3,007)(6,329)(2,596)1,029356
Other undisclosed comprehensive income (loss), net of tax, attributable to parent6781,566600(70)(475)(235)
Comprehensive income (loss), net of tax, attributable to parent:(1,974)(1,441)(5,730)(2,667)554121

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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