VERITAS FARMS, INC. (SSWH) financial statements (2020 and earlier)

Company profile

Business Address 1512 E. BROWARD BLVD
FORT LAUDERDALE, FL 33301
State of Incorp. NV
Fiscal Year End December 31
SIC 01 - Agricultural Production Crops (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
1/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1642813
Cash and cash equivalents 1642813
Receivables 24480 
Inventory, net of allowances, customer advances and progress billings 2,5091,429 
Inventory 2,5091,429 
Prepaid expense 11642 
Total current assets: 3,0341,57913
Noncurrent Assets
Property, plant and equipment 3,932  
Deposits noncurrent assets 4823 
Total noncurrent assets: 3,98023 
Other undisclosed assets  3,609 
TOTAL ASSETS: 7,0145,21113
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3734212
Accounts payable 1892452
Accrued liabilities 166160 
Interest and dividends payable 1816 
Debt 50551 
Deferred rent credit 7
Due to related parties 2631,03063
Other undisclosed current liabilities 45  
Total current liabilities: 7382,00265
Noncurrent Liabilities
Long-term debt and lease obligation 196100 
Long-term debt, excluding current maturities 196100 
Total noncurrent liabilities: 196100 
Total liabilities: 9352,10265
Stockholders' equity
Stockholders' equity attributable to parent 6,0793,108(52)
Common stock 112609
Additional paid in capital 13,8957,13945
Accumulated deficit (7,927)(4,091)(106)
Total stockholders' equity: 6,0793,108(52)
TOTAL LIABILITIES AND EQUITY: 7,0145,21113

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

9/30/2019
TTM
12/31/2018
12/31/2017
1/31/2017
Revenues 2,0801,115 
Revenue, net1,115 
Cost of revenue (1,204)(923) 
Cost of goods and services sold  (720) 
Gross profit: 876191 
Operating expenses (5,283)(1,524)(44)
Operating loss: (4,406)(1,333)(44)
Nonoperating income (expense) 570(1,121) 
Interest and debt expense (6)(26) 
Loss from continuing operations before equity method investments, income taxes: (3,842)(2,480)(44)
Other undisclosed income from continuing operations before income taxes 626 
Net loss available to common stockholders, diluted: (3,836)(2,454)(44)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
1/31/2017
Net loss: (3,836)(2,454)(44)
Comprehensive loss, net of tax, attributable to parent: (3,836)(2,454)(44)

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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