SHARING SERVICES GLOBAL Corp (SHRG) financial statements (2022 and earlier)

Company profile

Business Address 1700 COIT RD.
PLANO, TX 75075
State of Incorp. NV
Fiscal Year End March 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,78111,7433,91276822
Cash and cash equivalents19,78111,7433,91276822
Receivables2,1314,1958,2781,556  
Inventory, net of allowances, customer advances and progress billings4,8184,8022,883236  
Inventory4,8184,8022,883236  
Prepaid expense   14210
Other current assets1,7641,035373146  
Other undisclosed current assets   133  
Total current assets:28,49421,77515,4462,98232
Noncurrent Assets
Operating lease, right-of-use asset259800
Property, plant and equipment9,7922983081184 
Long-term investments and receivables  208   
Long-term investments  208   
Intangible assets, net (including goodwill)724     
Intangible assets, net (excluding goodwill)724     
Deferred costs2,261     
Deferred income tax assets 1,649
Other noncurrent assets20855    
Other undisclosed noncurrent assets3,923 432,778  
Total noncurrent assets:17,1672,8035582,8974 
TOTAL ASSETS:45,66024,57716,0045,87872
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,2109,67510,89352562
Accounts payable6587711,108 6 
Accrued liabilities4,5357,9847,731252  
Employee-related liabilities367     
Taxes payable1,3089201,914   
Interest and dividends payable  14035  
Settlement liabilities342     
Other undisclosed accounts payable and accrued liabilities   238 2
Deferred revenue 3,496
Debt142902,1233527 
Derivative instruments and hedges, liabilities   30,489  
Due to related parties   55 
Customer advances and deposits23  
Contract with customer, liability3,209
Other undisclosed current liabilities3,0657,6861,0823,809  
Total current liabilities:10,41820,94617,30734,886382
Noncurrent Liabilities
Long-term debt and lease obligation7,393370166  
Long-term debt, excluding current maturities7,39126166  
Operating lease, liability2344
Liabilities, other than long-term debt4,278    4
Deferred income tax liabilities4,278 
Due to related parties     4
Other undisclosed noncurrent liabilities374(344)    
Total noncurrent liabilities:12,045370166 4
Total liabilities:22,46321,31617,32234,891386
Stockholders' equity
Stockholders' equity attributable to parent, including:23,1983,262(1,318)(29,013)(31)(4)
Common stock24  6553
Treasury stock, value (1,532)    
Common stock, share subscribed but unissued, subscriptions receivable (114)(114)11435 
Additional paid in capital77,23938,87131,87025,42432(29)
Accumulated other comprehensive loss(95)     
Accumulated deficit(53,983)(33,993)(33,112)(54,535)(103)(28)
Other undisclosed stockholders' equity attributable to parent133038(21)  
Total stockholders' equity:23,1983,262(1,318)(29,013)(31)(4)
TOTAL LIABILITIES AND EQUITY:45,66024,57716,0045,87872

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

12/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues42,498131,39085,9238,392  
Revenue, net8,392  
Cost of revenue
(Cost of Goods and Services Sold)
(13,352)(37,876)(28,797)  (1)
Other undisclosed gross profit   (4,000)  
Gross profit:29,14793,51457,1264,392 (1)
Operating expenses(39,191)(83,819)(58,226)(10,408)(75)(25)
Other operating income, net
(Other Expenses)
   29,7700 
Other undisclosed operating loss   (29,770)  
Operating income (loss):(10,044)9,695(1,100)(6,016)(75)(26)
Nonoperating income (expense)(3,245)(6,422)22,524   
Investment income, nonoperating3,316     
Other nonoperating income (expense)(300) 22,524   
Interest and debt expense(5,223)14(1,724)568(0) 
Income (loss) from continuing operations before equity method investments, income taxes:(18,512)3,28819,699(5,448)(75)(26)
Other undisclosed income (loss) from continuing operations before income taxes5,223(14)1,724   
Income (loss) from continuing operations before income taxes:(13,289)3,27421,423(5,448)(75)(26)
Income tax expense(1,355)(485)    
Net income (loss):(14,644)2,78921,423(5,448)(75)(26)
Other undisclosed net income (loss) attributable to parent   (30,338)(0)1
Net income (loss) available to common stockholders, diluted:(14,644)2,78921,423(35,785)(76)(25)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net income (loss):(14,644)2,78921,423(5,448)(75)(26)
Other comprehensive loss(95)     
Comprehensive income (loss), net of tax, attributable to parent:(14,739)2,78921,423(5,448)(75)(26)

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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