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)

9/30/2020
TTM
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 17  639
Cash and cash equivalents 17  639
Inventory, net of allowances, customer advances and progress billings 588724  510
Inventory 588724  510
Prepaid expense     14
Disposal group, including discontinued operation  2   
Total current assets: 589733  1,162
Noncurrent Assets
Property, plant and equipment 316  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 liabilities 1023  20
Accounts payable 1023  20
Debt 1,9001,870   
Due to related parties 1,1651,247  452
Disposal group, including discontinued operation  163   
Other liabilities 2770   
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 stock 88  3
Additional paid in capital 13,6079,278  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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 14328  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 taxes 55535  (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 operations 238(315)   
Net loss available to common stockholders, diluted: (3,075)(2,620)  (2,694)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
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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