Phoenix Rising Companies (PRCX) financial statements (2022 and earlier)

Company profile

Business Address 641 10TH STREET
CEDARTOWN, GA 30125
State of Incorp. NV
Fiscal Year End December 31
SIC 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1021862782574553227
Cash and cash equivalents1021862782574553227
Receivables9,318 54838,32024,42469,81325,052
Inventory, net of allowances, customer advances and progress billings7,7345,3107,2251,246   
Inventory7,7345,3107,2251,246   
Prepaid expense     211,678
Other current assets15123     
Other undisclosed current assets 4,6108844246  
Total current assets:17,30510,1298,93539,86624,51569,88626,957
Noncurrent Assets
Property, plant and equipment  46655211102219
Long-term investments and receivables      1,907
Long-term investments      1,907
Intangible assets, net (including goodwill)1,9801,9803,2003,2001,9801,9801,980
Goodwill1,9801,9803,2003,2001,9801,9801,980
Total noncurrent assets:1,9801,9803,6663,7511,9902,0824,106
TOTAL ASSETS:19,28512,10912,60143,61726,50671,96831,063
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1311198632,8681,2291,0475,700
Accounts payable8,4902,2821,46232,5941,1291,0035,689
Accrued liabilities   4524  
Employee-related liabilities    03 
Taxes payable2 1642306911
Interest and dividends payable126546    
Other undisclosed accounts payable and accrued liabilities(8,487)(2,218)(1,545) 6932 
Debt1,46257540 795 3,080
Derivative instruments and hedges, liabilities2,76816,614356    
Due to related parties241082541,11617,745 242
Other liabilities    46141
Other undisclosed current liabilities9,5762,8301,60610727364,607 
Total current liabilities:13,96220,2452,34134,09120,08965,6689,023
Noncurrent Liabilities
Long-term debt and lease obligation217182156    
Long-term debt, excluding current maturities217182156    
Liabilities, other than long-term debt   40   
Deferred tax liabilities, net40   
Other undisclosed noncurrent liabilities  18    
Total noncurrent liabilities:21718217440   
Other undisclosed liabilities      13,497
Total liabilities:14,17920,4272,51534,13120,08965,66822,520
Stockholders' equity
Stockholders' equity attributable to parent, including:5,106(8,318)10,0869,4866,4173,2155,251
Common stock1712152777
Additional paid in capital45,31742,4348,9368,8858,2668,1557,320
Accumulated other comprehensive income (loss)89(97)(506)(443)67(130)0
Retained earnings (accumulated deficit)(15,795)(26,146)1,655992(5,143)(4,817)(2,764)
Stockholders' equity note, subscriptions receivable(24,522)24,522    
Other undisclosed stockholders' equity attributable to parent0(49,044)  3,219 687
Stockholders' equity attributable to noncontrolling interest    3,2193,0853,292
Other undisclosed stockholders' equity    (3,219)  
Total stockholders' equity:5,106(8,318)10,0869,4866,4176,3008,544
TOTAL LIABILITIES AND EQUITY:19,28512,10912,60143,61726,50671,96831,063

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
1/31/2018
1/31/2017
1/31/2016
Revenues13,43114,35529,78737,07139,61394,804 
Revenue, net39,61394,804 
Revenue from related parties  29,27432,274
Cost of revenue
(Cost of Goods and Services Sold)
(13,363)(14,281)(28,270)(35,219)(39,350)(94,247) 
Gross profit:68741,5171,852263557 
Operating expenses(799)(3,087)(859)(724)(576)(750)(183)
Operating income (loss):(731)(3,013)6581,128(313)(193)(183)
Nonoperating income (expense)11,097(22,768)30985(64)(2,012)(4,098)
Investment income, nonoperating  (29)(34)   
Other nonoperating income (expense)  566207(1)(4) 
Interest and debt expense(1,111)(798)(26)(88)(63)(100) 
Income (loss) from continuing operations before equity method investments, income taxes:9,255(26,579)9411,125(441)(2,305)(4,281)
Other undisclosed income from continuing operations before income taxes1,111798268863178 
Income (loss) from continuing operations before income taxes:10,366(25,781)9671,213(377)(2,127)(4,281)
Income tax expense(15)(21)(304)(237)(6)(5) 
Income (loss) from continuing operations:10,351(25,801)663976(383)(2,132)(4,281)
Income from discontinued operations   458   
Income (loss) before gain (loss) on sale of properties:10,351(25,801)6631,434(383)(2,132)(4,281)
Other undisclosed net loss(0)      
Net income (loss):10,351(25,801)6631,434(383)(2,132)(4,281)
Net income attributable to noncontrolling interest   2262801,608
Other undisclosed net income attributable to parent0      
Net income (loss) attributable to parent:10,351(25,801)6631,456(321)(2,053)(2,672)
Preferred stock dividends and other adjustments (1,999)     
Net income (loss) available to common stockholders, diluted:10,351(27,801)6631,456(321)(2,053)(2,672)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
1/31/2018
1/31/2017
1/31/2016
Net income (loss):10,351(25,801)6631,434(383)(2,132)(4,281)
Other comprehensive income (loss)  (63)(399)394(2,391)1
Other undisclosed comprehensive income (loss)186(1,591) (1,047)(145)4,731 
Comprehensive income (loss):10,537(27,392)600(13)(134)208(4,280)
Comprehensive income, net of tax, attributable to noncontrolling interest   2262801,608
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   988(52)(2,471) 
Comprehensive income (loss), net of tax, attributable to parent:10,537(27,392)600998(123)(2,183)(2,672)

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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