Life Clips, Inc. (LCLP) financial statements (2021 and earlier)

Company profile

Business Address 18851 NE 29TH AVE.,
AVENTURA, FL 33180
State of Incorp. WY
Fiscal Year End June 30
SIC 3861 - Photographic Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments151234892 14
Cash and cash equivalents151234892 14
Receivables    3  
Deposits current assets     240 
Other undisclosed current assets    (3)  
Total current assets:15123489224014
Noncurrent Assets
Property, plant and equipment     6471
Other noncurrent assets      28
Other undisclosed noncurrent assets    3 0
Total noncurrent assets:    364729
TOTAL ASSETS:15123489588742
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9331,7371,3601,156627163 
Accounts payable366357352515358163 
Accrued liabilities1,5681,3801,007641250  
Employee-related liabilities    19  
Debt530530530530(1,108)(109) 
Derivative instruments and hedges, liabilities9,16613,2503,2319,284 1,518 
Due to related parties913763463    
Customer advances and deposits 85  
Other undisclosed current liabilities2,4332,4292,4062,2943,313  
Total current liabilities:14,97618,7097,99013,2642,9171,572 
Noncurrent Liabilities
Long-term debt and lease obligation     334 
Long-term debt, excluding current maturities     334 
Liabilities, other than long-term debt    2,960  
Derivative instruments and hedges, liabilities    2,960  
Total noncurrent liabilities:    2,960334 
Total liabilities:14,97618,7097,99013,2645,8771,906 
Stockholders' equity
Stockholders' equity attributable to parent, including:(14,960)(18,696)(7,956)(13,256)(5,782)(20,096)42
Preferred stock11111  
Common stock1,2601,2601,2601,260188  
Common stock, share subscribed but unissued, subscriptions receivable    7  
Additional paid in capital9,2199,2199,2199,2199,897 136
Accumulated deficit(25,565)(29,301)(18,561)(23,825)(15,875)(20,454)(104)
Other undisclosed stockholders' equity attributable to parent12512512589 35811
Total stockholders' equity:(14,960)(18,696)(7,956)(13,256)(5,782)(20,096)42
TOTAL LIABILITIES AND EQUITY:151234895(18,190)42

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues   853382
Revenue, net   82
Cost of revenue
(Cost of Goods and Services Sold)
    (109)  
Other undisclosed gross profit     (74)(18)
Gross profit:   85(106)(71)64
Operating expenses(362)(327)(385)(404)(1,493)(2,183)(38)
Other undisclosed operating income (loss)    0 (67)
Operating loss:(362)(327)(385)(318)(1,599)(2,254)(41)
Nonoperating income (expense)7,660(10,414)5,470(7,632)6,178 0
Other nonoperating income (expense)6,443 5,470(7,632)6,178  
Interest and debt expense(377)(395)(479)(560)(73)46 
Income (loss) from continuing operations before equity method investments, income taxes:6,921(11,135)4,606(8,510)4,506(2,208)(41)
Other undisclosed income from continuing operations before income taxes37739565956073  
Net income (loss):7,298(10,740)5,265(7,950)4,579(2,208)(41)
Other undisclosed net loss attributable to parent     (17,506) 
Net income (loss) available to common stockholders, diluted:7,298(10,740)5,265(7,950)4,579(19,714)(41)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss):7,298(10,740)5,265(7,950)4,579(2,208)(41)
Comprehensive income (loss), net of tax, attributable to parent:7,298(10,740)5,265(7,950)4,579(2,208)(41)

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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