Greenkraft Inc (GKIT) financial statements (2021 and earlier)

Company profile

Business Address 2530 S. BIRCH STREET
SANTA ANA, CA 92797
State of Incorp. NV
Fiscal Year End December 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (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 investments20924183792,2622,114583
Cash and cash equivalents20924183792,2622,114583
Restricted cash and investments    1,5061,502 
Receivables4   324200 
Inventory, net of allowances, customer advances and progress billings1,7721,8061,4961,3551,4522,6262,216
Inventory1,7721,8061,4961,3551,4522,6262,216
Deferred costs     19 
Deferred rent asset  1    
Deposits current assets      219
Other undisclosed current assets 451248   
Total current assets:1,9851,8342,0271,7825,5446,4613,018
Noncurrent Assets
Inventory, Noncurrent   1622  
Operating lease, right-of-use asset219
Property, plant and equipment1461546374829388
Other undisclosed noncurrent assets(0)  539   
Total noncurrent assets:365154636137049388
TOTAL ASSETS:2,3501,9882,0902,3956,2486,5533,105
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities141115  1,349207454
Accounts payable253  1,249123394
Accrued liabilities116112  1008559
Deferred revenue470
Debt35524624881,9992,0001,606
Deferred rent credit 1
Due to related parties1002501301,9021,9021,9021,917
Other liabilities8375  7575 
Other undisclosed current liabilities3404766832,9332,6453,4251,151
Total current liabilities:1,4901,1621,0614,8437,9707,6085,127
Noncurrent Liabilities
Long-term debt and lease obligation6117041,902    
Long-term debt, excluding current maturities5047041,902    
Operating lease, liability107
Liabilities, other than long-term debt 8 8   
Deferred revenue and credits 8   
Deferred rent credit 8
Other undisclosed noncurrent liabilities2,7182,7181,748    
Total noncurrent liabilities:3,3303,4303,6508   
Total liabilities:4,8194,5934,7114,8517,9707,6085,127
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,470)(2,605)(2,621)(2,456)(1,722)(1,055)(2,022)
Common stock10310510396898985
Additional paid in capital4,8104,8134,1063,2453,1943,1221,050
Accumulated deficit(7,382)(7,523)(6,830)(5,798)(5,005)(4,266) 
Other undisclosed stockholders' equity attributable to parent      (3,157)
Total stockholders' equity:(2,470)(2,605)(2,621)(2,456)(1,722)(1,055)(2,022)
TOTAL LIABILITIES AND EQUITY:2,3501,9882,0902,3956,2486,5533,105

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
Revenues1,0144341,15384712,3402,4962,182
Revenue, net  12,3402,4962,182
Cost of revenue(557)(397)(765)(688)(12,029)(2,464)(1,416)
Cost of goods and services sold (3)    (1,416)
Gross profit:4563738815931232766
Operating expenses31(224) (936)(943)(1,054)(3,349)
Other undisclosed operating income (loss)(537)(325)(1,420)  111,416
Operating loss:(50)(511)(1,032)(777)(631)(1,011)(1,167)
Nonoperating income (expense) (182)(0)(16)52 
Investment income, nonoperating  0152 
Interest and debt expense (182)016(112)(100)(58)
Other undisclosed loss from continuing operations before equity method investments, income taxes(364)      
Loss before gain (loss) on sale of properties:(414)(875)(1,032)(777)(739)(1,109)(1,225)
Other undisclosed net loss   (16)   
Net loss:(414)(875)(1,032)(793)(739)(1,109)(1,225)
Other undisclosed net income (loss) attributable to parent182182(0)   0
Net loss available to common stockholders, diluted:(232)(693)(1,032)(793)(739)(1,109)(1,225)

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:(414)(875)(1,032)(793)(739)(1,109)(1,225)
Comprehensive loss, net of tax, attributable to parent:(414)(875)(1,032)(793)(739)(1,109)(1,225)

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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