Spirits Time International, Inc. (SRSG) Financial Statements (2024 and earlier)

Company Profile

Business Address 1661 LAKEVIEW CIRCLE
OGDEN, UT 84403
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments707186342163121,739534
Cash and cash equivalents707186342163121,739534
Inventory, net of allowances, customer advances and progress billings  80,40480,40480,40480,470 
Inventory  80,40480,40480,40480,470 
Prepaid expense     69,530 
Total current assets:70780,59080,74680,567271,739534
Noncurrent Assets
Intangible assets, net (including goodwill)275,000275,000275,000275,000  
Intangible assets, net (excluding goodwill)275,000275,000275,000275,000  
Other undisclosed noncurrent assets     275,000 
Total noncurrent assets:275,000275,000275,000275,000275,000 
TOTAL ASSETS:275,707355,590355,746355,567546,739534
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities468,562347,378245,140147,239  
Accounts payable178,409141,444129,066112,600  
Accrued liabilities290,153205,934116,07434,639  
Debt75,00055,00045,000(40,000)153,228112,803
Due to related parties 215,925180,963145,413  
Other liabilities55,00055,000 55,000  
Other undisclosed current liabilities663,559402,593423,881422,532730,331121,815
Total current liabilities:1,262,1211,075,896894,984730,184883,559234,618
Noncurrent Liabilities
Total liabilities:1,262,1211,075,896894,984730,184883,559234,618
Equity
Equity, attributable to parent, including:(986,414)(720,306)(539,238)(374,617)(336,820)(234,084)
Preferred stock  555  
Common stock7,3617,361 7,3617,2813,181
Additional paid in capital962,120942,050942,050942,050684,537342,343
Accumulated deficit(1,956,350)(1,669,722)(1,488,654)(1,324,033)(1,028,638)(579,608)
Other undisclosed equity, attributable to parent455 7,361   
Total equity:(986,414)(720,306)(539,238)(374,617)(336,820)(234,084)
TOTAL LIABILITIES AND EQUITY:275,707355,590355,746355,567546,739534

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Gross profit:    (69,530)  
Operating expenses(88,414)(60,996)(56,836)(137,853)(345,884)(30,830)
Other operating expense, net     (103,146)(193,557)
Other undisclosed operating income    69,530  
Operating loss:(88,414)(60,996)(56,836)(137,853)(449,030)(224,387)
Nonoperating expense(198,214)(120,072)(107,785)(157,542)  
Other nonoperating expense    (69,530)  
Interest and debt expense(117,810)(120,072)(107,785)(88,012)103,146(136,031)
Loss from continuing operations before equity method investments, income taxes:(404,438)(301,140)(272,406)(383,407)(345,884)(360,418)
Other undisclosed income from continuing operations before income taxes117,810120,072107,78588,012  
Loss from continuing operations:(286,628)(181,068)(164,621)(295,395)(345,884)(360,418)
Loss before gain (loss) on sale of properties:(181,068)(164,621)(295,395)(345,884)(360,418)
Other undisclosed net income (loss)     (103,146)136,031
Net loss available to common stockholders, diluted:(286,628)(181,068)(164,621)(295,395)(449,030)(224,387)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(286,628)(181,068)(164,621)(295,395)(449,030)(224,387)
Comprehensive loss, net of tax, attributable to parent:(286,628)(181,068)(164,621)(295,395)(449,030)(224,387)

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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