Reeds, Inc. (REED) financial statements (2022 and earlier)

Company profile

Business Address 201 MERRITT 7 CORPORATE PARK,
NORWALK, CT 06851
State of Incorp. DE
Fiscal Year End December 31
SIC 2086 - Bottled and Canned Soft Drinks and Carbonated Waters (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 59591362412,1274511,816
Cash and cash equivalents 59591362412,1274511,816
Receivables 5,4002,4552,8032,6912,4852,894
Inventory, net of allowances, customer advances and progress billings 11,11910,5087,3805,9316,8857,927
Inventory 11,11910,5087,3805,9316,8857,927
Prepaid expense    4029447
Other current assets   7,511   
Other undisclosed current assets 1,341420(7,380)159206769
Total current assets: 18,45514,29610,93820,94810,32113,453
Noncurrent Assets
Property, plant and equipment 9201,0538963537,7265,369
Long-term investments and receivables    571  
Long-term investments    571  
Intangible assets, net (including goodwill) 6155765768058051,029
Intangible assets, net (excluding goodwill) 6155765768058051,029
Other undisclosed noncurrent assets 6767821,799  
Total noncurrent assets: 1,6021,6961,5543,5288,5316,398
TOTAL ASSETS: 20,05715,99212,49224,47618,85219,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 7,6416,1857,2047,7006,1747,626
Accounts payable 6,7465,5395,7217,4805,9597,458
Accrued liabilities 8956461,483220215168
Debt 7293,2267,031420373313
Due to related parties 557  277  
Other undisclosed current liabilities    10,2485,3374,784
Total current liabilities: 8,9279,41114,23518,64511,88412,723
Noncurrent Liabilities
Long-term debt and lease obligation, including: 7265,4264,9622,1862,3772,538
Long-term debt, excluding current maturities 1714,6894,1611,2501,3631,443
Finance lease, liability 555737
Capital lease obligations801236438490
Other undisclosed long-term debt and lease obligation    700576605
Liabilities, other than long-term debt    111130 
Other liabilities    111130 
Other undisclosed noncurrent liabilities  8383,0266,1183,805
Total noncurrent liabilities: 7265,4345,0005,3238,6256,343
Total liabilities: 9,65314,84519,23523,96820,50919,066
Stockholders' equity
Stockholders' equity attributable to parent 10,4041,147(6,743)508(1,657)785
Preferred stock 949494949494
Common stock 953211
Common stock, share subscribed but unissued, subscriptions receivable    680  
Additional paid in capital 97,03177,59653,59149,83329,97127,399
Accumulated deficit (86,730)(76,548)(60,431)(50,101)(31,723)(26,709)
Total stockholders' equity: 10,4041,147(6,743)508(1,657)785
TOTAL LIABILITIES AND EQUITY: 20,05715,99212,49224,47618,85219,851

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 41,61533,82038,10237,71442,47245,948
Revenue, net37,71442,47245,948
Cost of revenue
(Cost of Goods and Services Sold)
 (28,849)(25,944)(27,424)(30,821)(33,490)(34,343)
Gross profit: 12,7667,87610,6786,8938,98211,605
Operating expenses (21,382)(22,732)(18,800)(18,642)(12,035)(14,335)
Operating loss: (8,616)(14,856)(8,122)(11,749)(3,053)(2,730)
Interest and debt expense (1,569)(1,286)(2,201)(3,491)(1,724)(1,231)
Net loss: (10,185)(16,142)(10,323)(15,240)(4,777)(3,961)
Other undisclosed net income (loss) attributable to parent 830(2)(3,133)(232) 
Net loss attributable to parent: (10,177)(16,112)(10,325)(18,373)(5,009)(3,961)
Preferred stock dividends and other adjustments (5)(5)(5)(5)(5)(5)
Net loss available to common stockholders, basic: (10,182)(16,117)(10,330)(18,378)(5,014)(3,966)
Interest on convertible debt    (290)  
Convertible preferred dividends   5   
Net loss available to common stockholders, diluted: (10,182)(16,117)(10,325)(18,668)(5,014)(3,966)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (10,185)(16,142)(10,323)(15,240)(4,777)(3,961)
Comprehensive loss, net of tax, attributable to parent: (10,185)(16,142)(10,323)(15,240)(4,777)(3,961)

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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