iFresh Inc (IFMK) financial statements (2022 and earlier)

Company profile

Business Address 2-39 54TH AVE
LONG ISLAND CITY, NY 11101
State of Incorp. DE
Fiscal Year End March 31
SIC 5411 - Grocery Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7521,0486412,508
Cash and cash equivalents7521,0486412,508
Receivables3,4054,0284,90317,124
Inventory, net of allowances, customer advances and progress billings6,18510,41110,9059,797
Inventory6,18510,41110,9059,797
Prepaid expense3,6923,7211,926981
Total current assets:14,03419,20918,37630,410
Noncurrent Assets
Finance lease, right-of-use asset57,588
Property, plant and equipment19,76920,28717,8199,291
Long-term investments and receivables5,0605,22110,020 
Due from related parties5,0605,22110,020 
Intangible assets, net (including goodwill)9001,0331,1671,300
Intangible assets, net (excluding goodwill)9001,0331,1671,300
Other undisclosed noncurrent assets1,9071,3521,561999
Total noncurrent assets:85,22527,89330,56611,590
TOTAL ASSETS:99,25947,10148,94242,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,98215,57218,04214,864
Accounts payable10,67414,17815,56212,364
Accrued liabilities1,3071,394874730
Taxes payable  1,6071,769
Deferred revenue1,311
Debt20,141 2,6671,960
Deferred revenue and credits326207
Other undisclosed current liabilities9,23825,261  
Total current liabilities:42,67240,83321,03617,030
Noncurrent Liabilities
Long-term debt and lease obligation59,05454316,04313,219
Long-term debt, excluding current maturities58,77713015,97213,159
Finance lease, liability277
Capital lease obligations4137160
Liabilities, other than long-term debt 6,6596,3195,424
Deferred revenue and credits6,3195,424
Deferred rent credit 6,659
Other undisclosed noncurrent liabilities83987935
Total noncurrent liabilities:59,1377,30122,44018,678
Total liabilities:101,80948,13343,47635,708
Stockholders' equity
Stockholders' equity attributable to parent(2,550)(1,032)5,4656,292
Preferred stock3,500   
Common stock2211
Additional paid in capital18,20214,9349,4289,075
Accumulated deficit(24,254)(15,967)(3,964)(2,785)
Total stockholders' equity:(2,550)(1,032)5,4656,292
TOTAL LIABILITIES AND EQUITY:99,25947,10148,94242,000

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

3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues87,503121,281136,689130,877
Revenue, net136,689130,877
Cost of revenue(65,958)(95,890)(100,119)(95,773)
Cost of goods and services sold(1,581)(92,216)(107,695)(102,993)
Other cost of operating revenue(64,377)   
Other undisclosed gross profit(4,711)(4,999)(7,575)(7,220)
Gross profit:16,83520,39328,99427,884
Operating expenses(25,043)(31,899)(30,738)23,928
Other undisclosed operating loss   (49,662)
Operating income (loss):(8,209)(11,507)(1,745)2,150
Interest and debt expense(1,825)(1,314)(817)(304)
Other undisclosed income from continuing operations before equity method investments, income taxes1,5601,3851,668 
Income (loss) from continuing operations before income taxes:(8,473)(11,436)(893)1,846
Income tax expense (benefit)186(568)102(1,656)
Net income (loss):(8,287)(12,003)(791)190
Other undisclosed net income attributable to parent   1,361
Net income (loss) available to common stockholders, diluted:(8,287)(12,003)(791)1,550

Comprehensive Income ($ in thousands)

3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income (loss):(8,287)(12,003)(791)190
Comprehensive income (loss), net of tax, attributable to parent:(8,287)(12,003)(791)190

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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