iFresh Inc. (IFMK) financial statements (2021 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)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments51113
Cash and cash equivalents51113
Receivables734517
Inventory, net of allowances, customer advances and progress billings136101110
Inventory136101110
Prepaid expense44421
Other undisclosed current assets3    
Total current assets:3214191830
Noncurrent Assets
Finance lease, right-of-use asset5858
Property, plant and equipment242020189
Long-term investments and receivables75510 
Due from related parties75510 
Intangible assets, net (including goodwill)91111
Goodwill4    
Intangible assets, net (excluding goodwill)51111
Other undisclosed noncurrent assets12121
Total noncurrent assets:9985283112
TOTAL ASSETS:13299474942
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1112161815
Accounts payable911141612
Accrued liabilities21111
Taxes payable0  22
Deferred revenue51
Debt2120 32
Deferred revenue and credits00
Other undisclosed current liabilities12925  
Total current liabilities:5043412117
Noncurrent Liabilities
Long-term debt and lease obligation595911613
Long-term debt, excluding current maturities595901613
Finance lease, liability00
Capital lease obligations000
Liabilities, other than long-term debt  765
Deferred revenue and credits65
Deferred rent credit  7
Other undisclosed noncurrent liabilities10000
Total noncurrent liabilities:605972219
Total liabilities:110102484336
Stockholders' equity
Stockholders' equity attributable to parent21(3)(1)56
Preferred stock 4   
Common stock00000
Additional paid in capital31181599
Accumulated other comprehensive income1    
Accumulated deficit(22)(24)(16)(4)(3)
Other undisclosed stockholders' equity attributable to parent10    
Stockholders' equity attributable to noncontrolling interest1    
Total stockholders' equity:21(3)(1)56
TOTAL LIABILITIES AND EQUITY:13299474942

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues6988121137131
Revenue, net137131
Cost of revenue(48)(66)(96)(100)(96)
Cost of goods and services sold(1)(2)(92)(108)(103)
Other cost of operating revenue(49)(64)   
Other undisclosed gross profit(4)(5)(5)(8)(7)
Gross profit:1717202928
Operating expenses(19)(25)(32)(31)24
Other undisclosed operating loss    (50)
Operating income (loss):(2)(8)(12)(2)2
Interest and debt expense(2)(2)(1)(1)(0)
Other undisclosed income from continuing operations before equity method investments, income taxes3212 
Income (loss) from continuing operations before income taxes:(1)(8)(11)(1)2
Income tax expense (benefit)30(1)0(2)
Net income (loss):2(8)(12)(1)0
Net income attributable to noncontrolling interest0    
Other undisclosed net income (loss) attributable to parent(0)   1
Net income (loss) attributable to parent:2(8)(12)(1)2
Other undisclosed net income available to common stockholders, basic0    
Net income (loss) available to common stockholders, diluted:2(8)(12)(1)2

Comprehensive Income ($ in millions)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income (loss):2(8)(12)(1)0
Other undisclosed comprehensive income0    
Comprehensive income (loss):3(8)(12)(1)0
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)    
Other undisclosed comprehensive income, net of tax, attributable to parent0    
Comprehensive income (loss), net of tax, attributable to parent:3(8)(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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