ToughBuilt Industries, Inc. (TBLT) financial statements (2021 and earlier)

Company profile

Business Address 655 NORTH CENTRAL AVE
GLENDALE, CA 91203
State of Incorp. NV
Fiscal Year End December 31
SIC 342 - Cutlery, Handtools, And General Hardware (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments255,460
Cash and cash equivalents255,460
Receivables2,2492,529
Inventory, net of allowances, customer advances and progress billings2,215380
Inventory2,215380
Prepaid expense254222
Other undisclosed current assets4,480 
Total current assets:9,2248,590
Noncurrent Assets
Property, plant and equipment1,030224
Other noncurrent assets216 
Other undisclosed noncurrent assets 36
Total noncurrent assets:1,246260
TOTAL ASSETS:10,4708,851
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9012,831
Accounts payable2,5371,963
Accrued liabilities364717
Employee-related liabilities 151
Debt4,3421,305
Derivative instruments and hedges, liabilities 23,507
Other liabilities 167
Total current liabilities:7,24327,810
Noncurrent Liabilities
Total liabilities:7,24327,810
Stockholders' equity
Stockholders' equity attributable to parent, including:3,226(18,959)
Common stock31
Additional paid in capital41,82020,152
Accumulated deficit(43,413)(39,112)
Other undisclosed stockholders' equity attributable to parent4,816 
Total stockholders' equity:3,226(18,959)
TOTAL LIABILITIES AND EQUITY:10,4708,851

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

12/31/2019
12/31/2018
Revenues19,09015,289
Cost of revenue
(Cost of Goods and Services Sold)
(13,476)(11,794)
Gross profit:5,6143,495
Operating expenses(14,195)(9,947)
Operating loss:(8,581)(6,451)
Nonoperating income (expense)4,280(6,864)
Investment income, nonoperating 14,336
Other nonoperating income (expense)4,280(21,200)
Interest and debt expense(972)(8)
Loss from continuing operations before equity method investments, income taxes:(5,273)(13,322)
Other undisclosed income (loss) from continuing operations before income taxes972(14,329)
Net loss attributable to parent:(4,301)(27,651)
Other undisclosed net loss available to common stockholders, basic (4,648)
Net loss available to common stockholders, diluted:(4,301)(32,299)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
Net loss:(4,301)(27,651)
Comprehensive loss, net of tax, attributable to parent:(4,301)(27,651)

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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