LiquidValue Development Inc. (LVDW) Financial Statements (2024 and earlier)

Company Profile

Business Address 4800 MONTGOMERY LANE
BETHESDA, MD 20814
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 65 - Real Estate (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0357,4568,1045,403716358
Cash and cash equivalents1,0357,4568,1045,403716358
Receivables 47    
Prepaid expense      
Total current assets:1,0357,5038,1045,403716358
Noncurrent Assets
Operating lease, right-of-use asset109192 87
Inventory, real estate  8,069    
Nontrade receivables 144     
Property, plant and equipment56,60442822
Long-term investments and receivables  24,941    
Long-term investments  24,941    
Total noncurrent assets:25739,806489822
Other undisclosed assets51,41287221,11225,29347,87757,786
TOTAL ASSETS:52,70348,18029,22030,78548,60158,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:   5647841,7491,131
Other undisclosed accounts payable and accrued liabilities   5647841,7491,131
Total current liabilities:   5647841,7491,131
Noncurrent Liabilities
Long-term debt and lease obligation:  199    
Liabilities, other than long-term debt 2219,918    
Due to related parties 19,918    
Operating lease, liability 22199  
Total noncurrent liabilities: 2220,118    
Other undisclosed liabilities30,2673,1612,1273,28211,98423,430
Total liabilities:30,29023,2792,6914,06513,73324,561
Equity
Equity, attributable to parent22,33924,85024,61424,44531,98031,350
Common stock704704704704704704
Additional paid in capital32,54332,54332,54332,54332,54332,739
Accumulated deficit(10,907)(8,397)(8,633)(8,802)(1,266)(2,093)
Equity, attributable to noncontrolling interest74521,9152,2752,8872,255
Total equity:22,41424,90126,52926,72034,86833,605
TOTAL LIABILITIES AND EQUITY:52,70348,18029,22030,78548,60158,167

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues66514,21315,65722,85517,6756,957
Revenue, net6,869
Cost of revenue  (11,551)(14,326)(20,364)(15,641) 
Gross profit:6652,6621,3312,4912,0346,957
Operating expenses(1,872)(1,498)(15,512)(27,147)(16,390)(7,336)
Other undisclosed operating income   14,32620,36415,641 
Operating income (loss):(1,207)1,164145(4,291)1,285(379)
Nonoperating income (expense)(913)(150)85   
Other nonoperating income (expense)(913)(150)85   
Interest and debt expense69   (3,928)(10,865)
Income (loss) from continuing operations before equity method investments, income taxes:(2,051)1,014230(4,291)(2,643)(11,244)
Other undisclosed income (loss) from continuing operations before income taxes(69)  483,96510,994
Income (loss) from continuing operations before income taxes:(2,120)1,014230(4,243)1,322(250)
Income tax expense  (92)(10)(431)  
Other undisclosed income (loss) from continuing operations (686)(51)(457)(496)23
Income (loss) from continuing operations:(2,120)236169(5,131)826(227)
Income (loss) before gain (loss) on sale of properties:236169(5,131)826(227)
Loss from discontinued operations(368)     
Other undisclosed net income (loss)  51457496(23)
Net income (loss):(2,488)236220(4,674)1,322(250)
Net income (loss) attributable to noncontrolling interest(23)(686)(51)(457)(496)23
Other undisclosed net income (loss) attributable to parent 1,37351457496(23)
Net income (loss) available to common stockholders, diluted:(2,510)922220(4,674)1,322(250)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(2,488)236220(4,674)1,322(250)
Comprehensive income (loss):(2,488)236220(4,674)1,322(250)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(23)(686)(51)(457)(496)23
Comprehensive income (loss), net of tax, attributable to parent:(2,510)(451)169(5,131)826(227)

Statements Sources

The financial statements are based on the Company's filings with 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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