SinglePoint Inc. (SING) financial statements (2022 and earlier)

Company profile

Business Address 2999 NORTH 44TH STREET
PHOENIX, AZ 85018
State of Incorp. NV
Fiscal Year End December 31
SIC 596 - Nonstore Retailers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19119811069
Cash and cash equivalents19119811069
Receivables913496
Inventory, net of allowances, customer advances and progress billings7063750
Inventory7063750
Prepaid expense415249
Other undisclosed current assets124   
Total current assets:51727025884
Noncurrent Assets
Property, plant and equipment5479137 
Long-term investments and receivables  6060
Long-term investments  6060
Intangible assets, net (including goodwill)1,73749  
Goodwill1,702   
Intangible assets, net (excluding goodwill)3449  
Other undisclosed noncurrent assets602,5171,966 
Total noncurrent assets:1,8512,6462,16360
TOTAL ASSETS:2,3682,9162,422144
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5121,9071,0111,492
Accounts payable 245168147
Accrued liabilities5121,6618431,346
Debt8532,8062,071157
Derivative instruments and hedges, liabilities  2,8132,215
Due to related parties4151,152879646
Other undisclosed current liabilities4525159 
Total current liabilities:2,2325,9166,8324,510
Noncurrent Liabilities
Long-term debt and lease obligation767150 500
Long-term debt, excluding current maturities767150 500
Liabilities, other than long-term debt602   
Due to related parties602   
Other undisclosed noncurrent liabilities54899 
Total noncurrent liabilities:1,37519899500
Total liabilities:3,6076,1146,9315,010
Stockholders' equity
Stockholders' equity attributable to parent, including:(294)(3,198)(4,510)(4,777)
Common stock6248170124
Additional paid in capital85,85377,88872,21063,941
Deferred compensation equity(60)   
Accumulated deficit(86,159)(80,786)(76,752)(68,846)
Other undisclosed stockholders' equity attributable to parent66(548)(138)5
Stockholders' equity attributable to noncontrolling interest(945) (143)(89)
Other undisclosed stockholders' equity 554286 
Total stockholders' equity:(1,239)(2,644)(4,367)(4,866)
Other undisclosed liabilities and equity (554)(143) 
TOTAL LIABILITIES AND EQUITY:2,3682,9162,422144

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues8092,8783,3441,155
Cost of revenue(737)(2,204)(2,353)(887)
Gross profit:72674991268
Operating expenses(5,687)(3,973)(6,455)(6,031)
Other operating expense, net  (2,604) 
Other undisclosed operating income  2,604 
Operating loss:(5,615)(3,299)(5,464)(5,763)
Nonoperating expense(132)(1,145)(56)(346)
Investment income, nonoperating17 (56)(346)
Other nonoperating expense(149)(1,145)  
Interest and debt expense361(482)394(141)
Loss from continuing operations before equity method investments, income taxes:(5,386)(4,927)(5,127)(6,250)
Other undisclosed income (loss) from continuing operations before income taxes(378)482(2,942)(1,856)
Loss from continuing operations before income taxes:(5,764)(4,445)(8,069)(8,106)
Other undisclosed income from continuing operations 4,034  
Loss before gain (loss) on sale of properties:(5,764)(411)(8,069)(8,106)
Other undisclosed net income11,137   
Net income (loss):5,373(411)(8,069)(8,106)
Other undisclosed net loss attributable to parent(11,137)(4,034)  
Net loss attributable to parent:(5,764)(4,445)(8,069)(8,106)
Preferred stock dividends and other adjustments(0)(4)(14) 
Net loss available to common stockholders, diluted:(5,764)(4,449)(8,082)(8,106)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):5,373(411)(8,069)(8,106)
Comprehensive income (loss), net of tax, attributable to parent:5,373(411)(8,069)(8,106)

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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