Radiant Creations Group Inc (NVMN) financial statements (2020 and earlier)

Company profile

Business Address 3246 GREY HAWK CT.
CARLSBAD, CA 92010
State of Incorp. NV
Fiscal Year End December 31
SIC 2844 - Perfumes, Cosmetics, and Other Toilet Preparations (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
2/28/2015
2/28/2014
2/28/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1151219
Cash and cash equivalents1151219
Receivables24 51 
Inventory, net of allowances, customer advances and progress billings1484065
Inventory1484065 
Other undisclosed current assets59181 
Total current assets:1781463179
Noncurrent Assets
Operating lease, right-of-use asset96
Property, plant and equipment2699 
Total noncurrent assets:12299 
TOTAL ASSETS:3001553269
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1317119
Accrued liabilities   7
Interest and dividends payable 172 112
Other undisclosed accounts payable and accrued liabilities (159)17 
Debt6313595720
Derivative instruments and hedges, liabilities 130  
Due to related parties497124  
Other undisclosed current liabilities67276865440
Total current liabilities:1,2331,171765879
Noncurrent Liabilities
Long-term debt and lease obligation3840730 
Long-term debt, excluding current maturities 40730 
Operating lease, liability38
Other undisclosed noncurrent liabilities 192  
Total noncurrent liabilities:38232730 
Total liabilities:1,2711,4031,496879
Stockholders' equity
Stockholders' equity attributable to parent, including:(971)(1,281)(1,170)(871)
Preferred stock 0  
Common stock0110
Additional paid in capital1,1497,8123,651133
Accumulated deficit(2,120)(9,094) (1,004)
Other undisclosed stockholders' equity attributable to parent  (4,821) 
Stockholders' equity attributable to noncontrolling interest 32  
Total stockholders' equity:(971)(1,249)(1,170)(871)
TOTAL LIABILITIES AND EQUITY:3001553269

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

12/31/2019
2/28/2015
2/28/2014
2/28/2013
Revenues2,832527649 
Cost of revenue(455)(68)(144) 
Cost of goods and services sold (68)(144) 
Other undisclosed gross profit 431 
Gross profit:2,378462536 
Operating expenses(4,069)(4,153)(2,795)(385)
Other undisclosed operating loss  (536) 
Operating loss:(1,691)(3,691)(2,795)(385)
Nonoperating expense (549)(1,558) 
Interest and debt expense (628)(1,277)81
Loss from continuing operations before equity method investments, income taxes:(1,691)(4,869)(5,631)(304)
Other undisclosed income from continuing operations before income taxes 628  
Loss from continuing operations before income taxes:(1,691)(4,241)(5,631)(304)
Income tax expense(1)   
Loss before gain (loss) on sale of properties:(1,692)(4,241)(5,631)(304)
Other undisclosed net loss   (162)
Net loss:(1,692)(4,241)(5,631)(466)
Net loss attributable to noncontrolling interest (32)  
Other undisclosed net income attributable to parent  1,814 
Net loss available to common stockholders, diluted:(1,692)(4,273)(3,817)(466)

Comprehensive Income ($ in thousands)

12/31/2019
2/28/2015
2/28/2014
2/28/2013
Net loss:(1,692)(4,241)(5,631)(466)
Comprehensive loss:(1,692)(4,241)(5,631)(466)
Comprehensive loss, net of tax, attributable to noncontrolling interest (32)  
Comprehensive loss, net of tax, attributable to parent:(1,692)(4,273)(5,631)(466)

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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