Life Clips, Inc. (LCLP) financial statements (2022 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)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2,017 | 231 | 12 | 34 | 8 | 92 | |||
| Cash and cash equivalents | 2,017 | 231 | 12 | 34 | 8 | 92 | |||
| Receivables | 1,148 | 3 | |||||||
| Deposits current assets | 240 | ||||||||
| Other current assets | 350 | ||||||||
| Other undisclosed current assets | 34 | (3) | |||||||
| Total current assets: | 3,515 | 265 | 12 | 34 | 8 | 92 | 240 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 183 | ✕ | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 1,091 | 647 | |||||||
| Intangible assets, net (including goodwill) | 46,063 | ||||||||
| Intangible assets, net (excluding goodwill) | 46,063 | ||||||||
| Other undisclosed noncurrent assets | 6 | 38 | 3 | ||||||
| Total noncurrent assets: | 47,342 | 38 | 3 | 647 | |||||
| TOTAL ASSETS: | 50,858 | 303 | 12 | 34 | 8 | 95 | 887 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,556 | 921 | 1,737 | 1,360 | 1,156 | 627 | 163 | ||
| Accounts payable | 2,388 | 400 | 357 | 352 | 515 | 358 | 163 | ||
| Accrued liabilities | 168 | 522 | 1,380 | 1,007 | 641 | 250 | |||
| Employee-related liabilities | 19 | ||||||||
| Debt | 250 | 530 | 530 | 530 | (1,108) | (109) | |||
| Derivative instruments and hedges, liabilities | 1,577 | 13,250 | 3,231 | 9,284 | 1,518 | ||||
| Due to related parties | 4,247 | 1,156 | 763 | 463 | |||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 85 | ||||
| Other undisclosed current liabilities | 3,968 | 2,429 | 2,406 | 2,294 | 3,313 | ||||
| Total current liabilities: | 11,021 | 3,654 | 18,709 | 7,990 | 13,264 | 2,917 | 1,572 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 85 | 334 | |||||||
| Long-term debt, excluding current maturities | 334 | ||||||||
| Operating lease, liability | 85 | ✕ | ✕ | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 2,960 | ||||||||
| Derivative instruments and hedges, liabilities | 2,960 | ||||||||
| Other undisclosed noncurrent liabilities | 18,938 | ||||||||
| Total noncurrent liabilities: | 19,108 | 2,960 | 334 | ||||||
| Other undisclosed liabilities | 4,174 | ||||||||
| Total liabilities: | 30,129 | 7,828 | 18,709 | 7,990 | 13,264 | 5,877 | 1,906 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 20,729 | (7,524) | (18,696) | (7,956) | (13,256) | (5,782) | (20,096) | ||
| Preferred stock | 1 | 1 | 1 | 1 | |||||
| Common stock | 1,743 | 1,323 | 1,260 | 1,260 | 1,260 | 188 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | 7 | ||||||||
| Additional paid in capital | 55,770 | 23,866 | 9,219 | 9,219 | 9,219 | 9,897 | |||
| Accumulated other comprehensive loss | (114) | (68) | |||||||
| Accumulated deficit | (36,737) | (32,780) | (29,301) | (18,561) | (23,825) | (15,875) | (20,454) | ||
| Other undisclosed stockholders' equity attributable to parent | 67 | 135 | 125 | 125 | 89 | 358 | |||
| Total stockholders' equity: | 20,729 | (7,524) | (18,696) | (7,956) | (13,256) | (5,782) | (20,096) | ||
| TOTAL LIABILITIES AND EQUITY: | 50,858 | 303 | 12 | 34 | 8 | 95 | (18,190) | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,331 | 50 | 85 | 3 | 3 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (679) | (109) | ||||||
| Other undisclosed gross profit | (74) | |||||||
| Gross profit: | 1,602 | 50 | 85 | (106) | (71) | |||
| Operating expenses | (2,563) | (600) | (327) | (385) | (404) | (1,493) | (2,183) | |
| Other undisclosed operating income | 50 | 0 | ||||||
| Operating loss: | (912) | (550) | (327) | (385) | (318) | (1,599) | (2,254) | |
| Nonoperating income (expense) | (10,260) | (2,929) | (10,414) | 5,470 | (7,632) | 6,178 | ||
| Investment income, nonoperating | 469 | |||||||
| Other nonoperating income (expense) | 15 | 5,470 | (7,632) | 6,178 | ||||
| Interest and debt expense | 58 | (68) | (395) | (479) | (560) | (73) | 46 | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (11,114) | (3,547) | (11,135) | 4,606 | (8,510) | 4,506 | (2,208) | |
| Other undisclosed income (loss) from continuing operations before income taxes | (58) | 68 | 395 | 659 | 560 | 73 | ||
| Net income (loss): | (11,171) | (3,479) | (10,740) | 5,265 | (7,950) | 4,579 | (2,208) | |
| Other undisclosed net loss attributable to parent | (17,506) | |||||||
| Net income (loss) available to common stockholders, diluted: | (11,171) | (3,479) | (10,740) | 5,265 | (7,950) | 4,579 | (19,714) | |
Comprehensive Income ($ in thousands)
| 12/31/2021 TTM | 6/30/2021 | 6/30/2020 | 6/30/2019 | 6/30/2018 | 6/30/2017 | 6/30/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (11,171) | (3,479) | (10,740) | 5,265 | (7,950) | 4,579 | (2,208) | |
| Other comprehensive income (loss) | (38) | 3,547 | ||||||
| Other undisclosed comprehensive income | 3,547 | |||||||
| Comprehensive income (loss): | (7,663) | 68 | (10,740) | 5,265 | (7,950) | 4,579 | (2,208) | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (8) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (7,671) | 68 | (10,740) | 5,265 | (7,950) | 4,579 | (2,208) | |
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.