Sow Good Inc. (SOWG) financial statements (2022 and earlier)

Company profile

Business Address 1440 N. UNION BOWER
IRVING, TX 75061
State of Incorp. NV
Fiscal Year End December 31
SIC 20 - Food And Kindred Products (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
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3461,9131091,5041,47766
Cash and cash equivalents3,3461,9131091,5041,47766
Receivables12 1021
Inventory, net of allowances, customer advances and progress billings1,452141    
Inventory1,452141    
Prepaid expense815647546987
Other undisclosed current assets 280  19 
Total current assets:4,8912,3911561,5571,566154
Noncurrent Assets
Operating lease, right-of-use asset1,3291,394 
Property, plant and equipment2,6812,135611128
Long-term investments and receivables     53
Long-term investments     53
Intangible assets, net (including goodwill)5,1926,411    
Goodwill4,8876,411    
Intangible assets, net (excluding goodwill)304     
Deposits noncurrent assets1010    
Assets held-in-trust    138,980 
Other undisclosed noncurrent assets  6,982141,307  
Total noncurrent assets:9,2129,9506,989141,309138,99181
TOTAL ASSETS:14,10312,3417,145142,866140,557235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3575325065918737
Accounts payable279274361809122
Accrued liabilities782581461015
Taxes payable   47386 
Deferred compensation liability  1,396   
Due to related parties 51    
Deferred tax liabilities0  
Other undisclosed current liabilities4640    
Total current liabilities:4036231,44665918737
Noncurrent Liabilities
Long-term debt and lease obligation1,3541,663    
Long-term debt, excluding current maturities 263    
Operating lease, liability1,3541,400 
Liabilities, other than long-term debt1,376     
Due to related parties1,376     
Other undisclosed noncurrent liabilities150(1,400)    
Total noncurrent liabilities:2,8801,663    
Total liabilities:3,2832,2861,44665918737
Temporary equity, carrying amount   140,739138,870 
Stockholders' equity
Stockholders' equity attributable to parent, including:10,82010,0555,6991,4681,501199
Common stock53248048048
Additional paid in capital54,34244,74937,05536,47636,16534,902
Deferred compensation equity    (130) 
Accumulated deficit(43,552)(36,678)(31,357)(35,488)(35,144)(34,751)
Other undisclosed stockholders' equity attributable to parent261,982  130 
Total stockholders' equity:10,82010,0555,6991,4681,501199
TOTAL LIABILITIES AND EQUITY:14,10312,3417,145142,866140,557235

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues88546721,0001,049
Revenue, net1,0001,049
Other income 502  
Cost of revenue
(Cost of Goods and Services Sold)
(81)     
Gross profit:7546721,0001,049
Operating expenses(7,115)(3,009)(3,063)(2,580)(2,452)(2,527)
Other undisclosed operating loss (5) (2)  
Operating loss:(7,108)(3,009)(2,596)(2,580)(1,452)(1,478)
Nonoperating income (expense)234(2,312)15,4814,6801,30741,621
Investment income, nonoperating134(1,925)15,4812,474355 
Interest and debt expense114(386)  (9)(1,697)
Other undisclosed income from continuing operations before equity method investments, income taxes 386  91,697
Income (loss) from continuing operations before income taxes:(6,760)(5,321)12,8842,101(145)40,143
Income tax expense   (576)(67) 
Income (loss) from continuing operations:(6,760)(5,321)12,8841,525(212)40,143
Loss from discontinued operations  (7,421)  (10,197)
Net income (loss):(6,760)(5,321)5,4631,525(212)29,946
Net loss attributable to noncontrolling interest  (1,333)(1,869)  
Other undisclosed net loss attributable to parent(114)   (180) 
Net income (loss) available to common stockholders, diluted:(6,874)(5,321)4,131(344)(393)29,946

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(6,760)(5,321)5,4631,525(212)29,946
Other comprehensive loss  (4,968)   
Comprehensive income (loss):(6,760)(5,321)4951,525(212)29,946
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1,333)(1,869)  
Comprehensive income (loss), net of tax, attributable to parent:(6,760)(5,321)(838)(344)(212)29,946

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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