Southern Concepts Restaurant Group, Inc. (RIBS) financial statements (2021 and earlier)

Company profile

Business Address 2 N. CASCADE AVE., SUITE 1400
COLORADO SPRINGS, CO 80903
State of Incorp. CO
Fiscal Year End December 31
SIC 581 - Eating And Drinking Places (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1071,18214962
Cash and cash equivalents1,1071,18214962
Inventory, net of allowances, customer advances and progress billings916432
Inventory916432 
Prepaid expense117665
Prepaid expense and other current assets243
Total current assets:1,3161,312511,205
Noncurrent Assets
Property, plant and equipment4,2792,9862,4441,452
Long-term investments and receivables2626  
Due from related parties2626  
Intangible assets, net (including goodwill)364146300
Intangible assets, net (excluding goodwill)364146300
Deposits noncurrent assets121811818
Deferred costs 28  
Total noncurrent assets:4,4613,1612,5071,770
TOTAL ASSETS:5,7774,4742,5582,975
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities529321160527
Accounts payable2569281454
Accrued liabilities2722307974
Debt(914)46621256
Due to related parties784117  
Other undisclosed current liabilities1,043(117)2659
Total current liabilities:1,442787636592
Noncurrent Liabilities
Long-term debt and lease obligation1,1101,965533954
Long-term debt, excluding current maturities1,1101,965533954
Liabilities, other than long-term debt310823235233
Deferred revenue and credits310303235233
Due to related parties 520  
Other undisclosed noncurrent liabilities483(1,243)  
Total noncurrent liabilities:1,9031,5467681,187
Total liabilities:3,3452,3331,4041,779
Stockholders' equity
Stockholders' equity attributable to parent, including:1,8302,075715664
Preferred stock249249  
Common stock9,7997,9174,9262,725
Additional paid in capital3,8742,6021,087674
Accumulated deficit(12,092)(8,693)(5,298) 
Warrants and rights outstanding 73244 
Other undisclosed stockholders' equity attributable to parent (732)(44)(2,735)
Stockholders' equity attributable to noncontrolling interest60265439532
Total stockholders' equity:2,4322,1411,1541,196
TOTAL LIABILITIES AND EQUITY:5,7774,4742,5582,975

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues6,5795,1442,099150
Revenue, net150 150150
Cost of revenue
(Cost of Goods and Services Sold)
(6,754)(5,490)(2,773)(113)
Gross profit:(175)(346)(674)37
Operating expenses(9,739)(8,776)(4,465)(1,809)
Other undisclosed operating income (loss)6,7545,4902,773(37)
Operating loss:(3,159)(3,632)(2,366)(1,809)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
1091,041284284
Interest and debt expense(730)(137)(516)(776)
Loss from continuing operations before income taxes:(3,780)(2,729)(2,598)(2,302)
Income tax expense   (632)
Net loss:(3,780)(2,729)(2,598)(2,933)
Other undisclosed net income (loss) attributable to parent(109)(1,041)(284)348
Net loss available to common stockholders, diluted:(3,889)(3,769)(2,881)(2,585)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(3,780)(2,729)(2,598)(2,933)
Comprehensive loss, net of tax, attributable to parent:(3,780)(2,729)(2,598)(2,933)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: