Rotate Black Inc (ROBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 932 SPRING STREET
PETOSKEY, MI 49770
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 7011 - Hotels and Motels (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2015
MRQ
6/30/2014
6/30/2013
6/30/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  46
Cash and cash equivalents  46
Prepaid expense 8,616108,023
Total current assets: 8,616108,069
Noncurrent Assets
Property, plant and equipment (31,779)872
Deposits noncurrent assets 109,422437,688
Deferred rent receivables, net 3,165,468 
Deferred costs 12,5003,831,327
Other undisclosed noncurrent assets 3,494,5912,305,756
Total noncurrent assets: 6,750,2026,575,643
TOTAL ASSETS: 6,758,8186,683,712
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4,563,2005,371,847
Employee-related liabilities 1,781,636 
Accrued liabilities 3,165,468 
Other undisclosed accounts payable and accrued liabilities (383,904)5,371,847
Debt 600,000600,000
Due to related parties  320,250
Other undisclosed current liabilities 12,584,4629,067,932
Total current liabilities: 17,747,66215,360,029
Noncurrent Liabilities
Long-term debt and lease obligation 779,890328,015
Long-term debt, excluding current maturities 779,890328,015
Liabilities, other than long-term debt  98,814
Derivative instruments and hedges, liabilities  98,814
Other undisclosed noncurrent liabilities (325,226)44,602
Total noncurrent liabilities: 454,664471,431
Total liabilities: 18,202,32615,831,460
Equity
Equity, attributable to parent, including: (11,443,508)(9,147,748)
Preferred stock  1,750,000
Common stock 53,16745,700
Additional paid in capital 23,458,73922,906,551
Accumulated deficit (33,930,034)(31,514,166)
Other undisclosed equity, attributable to parent (1,025,380)(2,335,833)
Equity, attributable to noncontrolling interest  (3,060,833)
Other undisclosed equity 7,943,1283,060,833
Total equity: (3,500,380)(9,147,748)
Other undisclosed liabilities and equity (7,943,128) 
TOTAL LIABILITIES AND EQUITY: 6,758,8186,683,712

Income Statement (P&L) (USD)

3/31/2015
TTM
6/30/2014
6/30/2013
6/30/2012
Operating expenses (2,855,415)(3,906,346)
Operating loss: (2,855,415)(3,906,346)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
 1,396,435 
Interest and debt expense (1,625,310)(1,248,455)
Loss from continuing operations before income taxes: (3,084,290)(5,154,801)
Other undisclosed income from continuing operations 228,875 
Loss from continuing operations: (2,855,415)(5,154,801)
Loss before gain (loss) on sale of properties: (2,855,415)(5,154,801)
Other undisclosed net income  1,248,455
Net loss: (2,855,415)(3,906,346)
Net income attributable to noncontrolling interest 439,547 
Other undisclosed net income attributable to parent  5,449,029
Net income (loss) attributable to parent: (2,415,868)1,542,683
Other undisclosed net loss available to common stockholders, basic  (3,906,346)
Net loss available to common stockholders, diluted: (2,415,868)(2,363,663)

Comprehensive Income (USD)

3/31/2015
TTM
6/30/2014
6/30/2013
6/30/2012
Net loss: (2,855,415)(3,906,346)
Comprehensive loss: (2,855,415)(3,906,346)
Comprehensive income, net of tax, attributable to noncontrolling interest 439,547 
Comprehensive loss, net of tax, attributable to parent: (2,415,868)(3,906,346)

Statements Sources

The financial statements are based on the Company's filings with 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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