iFresh Inc. (IFMK) financial statements (2020 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 millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 113
Cash and cash equivalents 113
Receivables34517
Inventory, net of allowances, customer advances and progress billings9101110
Inventory9101110
Prepaid expense 421
Total current assets:12191830
Noncurrent Assets
Operating lease, right-of-use asset60
Property, plant and equipment2020189
Long-term investments and receivables 510 
Due from related parties 510 
Intangible assets, net (including goodwill)1111
Intangible assets, net (excluding goodwill)1111
Other undisclosed noncurrent assets 121
Total noncurrent assets:80283112
Other undisclosed assets11   
TOTAL ASSETS:103474942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 161815
Accounts payable 141612
Accrued liabilities 111
Taxes payable  22
Debt20 32
Deferred revenue and credits00
Other undisclosed current liabilities 25  
Total current liabilities:20412117
Noncurrent Liabilities
Long-term debt and lease obligation6111613
Long-term debt, excluding current maturities 01613
Capital lease obligations000
Operating lease, liability61
Liabilities, other than long-term debt 765
Deferred revenue and credits65
Deferred rent credit 7
Other undisclosed noncurrent liabilities 000
Total noncurrent liabilities:6172219
Total liabilities:81484336
Stockholders' equity
Stockholders' equity attributable to parent(1)(1)56
Common stock 000
Additional paid in capital 1599
Accumulated deficit (16)(4)(3)
Other undisclosed stockholders' equity attributable to parent(1)   
Total stockholders' equity:(1)(1)56
TOTAL LIABILITIES AND EQUITY:80474942

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
Revenues97121137131
Revenue, net137131
Cost of revenue(74)(96)(100)(96)
Cost of goods and services sold(72)(92)(108)(103)
Other undisclosed gross profit(5)(5)(8)(7)
Gross profit:17202928
Operating expenses(27)(32)(31)24
Other undisclosed operating loss   (50)
Operating income (loss):(10)(12)(2)2
Interest and debt expense(2)(1)(1)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes212 
Income (loss) from continuing operations before income taxes:(10)(11)(1)2
Income tax expense (benefit)(0)(1)0(2)
Net income (loss):(10)(12)(1)0
Other undisclosed net income attributable to parent   1
Net income (loss) available to common stockholders, diluted:(10)(12)(1)2

Comprehensive Income ($ in millions)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
Net income (loss):(10)(12)(1)0
Comprehensive income (loss), net of tax, attributable to parent:(10)(12)(1)0

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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