ScripsAmerica Inc (SCRCQ) financial statements (2022 and earlier)

Company profile

Business Address 1094 MAIN AVENUE, SUITE A
State of Incorp. DE
Fiscal Year End December 31
SIC 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments4544714
Cash and cash equivalents4544714
Receivables114 291
Inventory, net of allowances, customer advances and progress billings736
Prepaid expense7527
Deferred costs301  
Other current assets19 
Other undisclosed current assets2,8261,4151,778
Total current assets:4,5241,4902,082
Noncurrent Assets
Property, plant and equipment101 70
Long-term investments and receivables161  
Accounts and financing receivable, after allowance for credit loss161  
Intangible assets, net (including goodwill)538
Intangible assets, net (excluding goodwill)538  
Other undisclosed noncurrent assets218292130
Total noncurrent assets:1,018292200
Other undisclosed assets101 70
TOTAL ASSETS:5,6441,7812,352
Current Liabilities
Accounts payable and accrued liabilities, including:4,873227102
Accounts payable676  
Accrued liabilities6  
Interest and dividends payable271  
Other undisclosed accounts payable and accrued liabilities3,920227102
Derivative instruments and hedges, liabilities  94
Due to related parties134  
Other undisclosed current liabilities1,2412,450982
Total current liabilities:6,7593,1881,290
Noncurrent Liabilities
Long-term debt and lease obligation560230353
Long-term debt, excluding current maturities560230353
Liabilities, other than long-term debt96  
Due to related parties96  
Other undisclosed noncurrent liabilities709937849
Total noncurrent liabilities:1,3651,1681,202
Total liabilities:8,1244,3562,492
Stockholders' equity
Stockholders' equity attributable to parent, including:(3,523)(3,617)(1,183)
Preferred stock 1,0431,043
Common stock1379256
Additional paid in capital15,04110,0461,091
Accumulated deficit(18,424)(13,609)(2,331)
Other undisclosed stockholders' equity attributable to parent(277)(1,190)(1,043)
Stockholders' equity attributable to noncontrolling interest (147) 
Other undisclosed stockholders' equity2772931,043
Total stockholders' equity:(3,246)(3,471)(140)
Other undisclosed liabilities and equity766896 

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

Revenue, net30,8555563,915
Cost of revenue(2,765)(211)(3,384)
Cost of goods and services sold(3,270)(496)(3,384)
Other undisclosed gross profit(493)(355) 
Gross profit:27,59760531
Operating expenses(31,404)(10,985)(4,116)
Other undisclosed operating income 3,632 
Operating loss:(3,807)(7,294)(3,585)
Nonoperating expense(940)(3,920)(7)
Investment income, nonoperating  (7)
Interest and debt expense174304(225)
Other undisclosed income from continuing operations before equity method investments, income taxes  2,271
Loss from continuing operations before equity method investments, income taxes:(4,574)(10,910)(1,546)
Income from equity method investments 2 
Other undisclosed loss from continuing operations before income taxes(174)  
Loss from continuing operations before income taxes:(4,747)(10,908)(1,546)
Income tax expense  (43)
Loss before gain (loss) on sale of properties:(4,747)(10,908)(1,589)
Other undisclosed net loss (306)(230)
Net loss:(4,747)(11,213)(1,819)
Net income attributable to noncontrolling interest16  
Other undisclosed net loss attributable to parent  (43)
Net loss attributable to parent:(4,731)(11,213)(1,862)
Other undisclosed net loss available to common stockholders, basic(83)(65)(83)
Net loss available to common stockholders, diluted:(4,814)(11,279)(1,945)

Comprehensive Income ($ in thousands)

Net loss:(4,747)(11,213)(1,819)
Comprehensive loss:(4,747)(11,213)(1,819)
Comprehensive income, net of tax, attributable to noncontrolling interest16  
Comprehensive loss, net of tax, attributable to parent:(4,731)(11,213)(1,819)

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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