Reign Sapphire Corp (RGNP) financial statements (2021 and earlier)

Company profile

Business Address 9190 W OLYMPIC BLVD # 263
BEVERLY HILLS, CA 90212
State of Incorp. DE
Fiscal Year End December 31
SIC 5944 - Jewelry Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17  639
Cash and cash equivalents17  639
Inventory, net of allowances, customer advances and progress billings588724  510
Inventory588724  510
Prepaid expense    14
Disposal group, including discontinued operation 2   
Total current assets:589733  1,162
Noncurrent Assets
Property, plant and equipment316  5
Intangible assets, net (including goodwill)50(347)  260
Goodwill (461)   
Intangible assets, net (excluding goodwill)50113  260
Other undisclosed noncurrent assets 461   
Total noncurrent assets:54129  265
TOTAL ASSETS:642862  1,427
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1023  20
Accounts payable1023  20
Debt1,9001,870   
Due to related parties1,1651,247  452
Disposal group, including discontinued operation 163   
Other liabilities2770   
Other undisclosed current liabilities 1,205  1,024
Total current liabilities:3,1034,577  1,496
Noncurrent Liabilities
Long-term debt and lease obligation    13
Long-term debt, excluding current maturities    13
Total noncurrent liabilities:    13
Total liabilities:3,1034,577  1,509
Stockholders' equity
Stockholders' equity attributable to parent(2,461)(3,715)  (82)
Common stock88  3
Additional paid in capital13,6079,278  3,241
Accumulated deficit(16,076)(13,001)  (3,327)
Total stockholders' equity:(2,461)(3,715)  (82)
TOTAL LIABILITIES AND EQUITY:642862  1,427

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues14328  29
Revenue, net  29
Cost of revenue(36)(10)  (10)
Cost of goods and services sold    (10)
Gross profit:10819  19
Operating expenses(626)(1,023)  (2,272)
Operating loss:(518)(1,005)  (2,253)
Nonoperating income (expense)(2,795)(1,300)  441
Interest and debt expense(55)(535)  441
Loss from continuing operations before equity method investments, income taxes:(3,368)(2,840)  (1,371)
Other undisclosed income (loss) from continuing operations before income taxes55535  (1,324)
Loss from continuing operations before income taxes:(3,313)(2,304)  (2,694)
Income tax expense (1)   
Loss from continuing operations:(3,313)(2,305)  (2,694)
Income (loss) from discontinued operations238(315)   
Net loss available to common stockholders, diluted:(3,075)(2,620)  (2,694)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(3,075)(2,620)  (2,694)
Comprehensive loss, net of tax, attributable to parent:(3,075)(2,620)  (2,694)

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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