Trans-Pacific Aerospace Company, Inc. (TPAC) financial statements (2020 and earlier)

Company profile

Business Address 2975 HUNTINGTON DRIVE, SUITE 107
SAN MARINO, CA 91108
State of Incorp. NV
Fiscal Year End October 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2016
10/31/2015
10/31/2014
10/31/2013
10/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments77502718
Cash and cash equivalents77502718
Prepaid expense 222
Prepaid expense and other current assets1
Total current assets:78522919
Noncurrent Assets
Property, plant and equipment3 564
Other noncurrent assets 568
Prepaid expense and other noncurrent assets5
Other undisclosed noncurrent assets2 (5)(6)(4)
Total noncurrent assets:45685
TOTAL ASSETS:1114583724
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7136010818692
Accounts payable 5969  
Employee-related liabilities2020202020
Taxes payable22222
Interest and dividends payable 16  
Other undisclosed accounts payable and accrued liabilities691(22)1216370
Debt 82348 
Derivative instruments and hedges, liabilities  208  
Due to related parties61    
Other undisclosed current liabilities282342357323287
Total current liabilities:1,057410907517379
Noncurrent Liabilities
Total liabilities:1,057410907517379
Stockholders' equity
Stockholders' equity attributable to parent, including:(497)243(359)(480)(355)
Preferred stock00   
Common stock4,2003,82917910173
Common stock, value, subscriptions848664
Additional paid in capital20,58517,14315,46212,1579,920
Accumulated deficit(25,383)(20,815)(16,064)  
Other undisclosed stockholders' equity attributable to parent18  (12,738)(10,348)
Stockholders' equity attributable to noncontrolling interest(760)(640)(489)(117) 
Other undisclosed stockholders' equity   117 
Total stockholders' equity:(1,257)(397)(848)(480)(355)
Other undisclosed liabilities and equity211    
TOTAL LIABILITIES AND EQUITY:1114583724

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

10/31/2016
10/31/2015
10/31/2014
10/31/2013
10/31/2012
Revenues
(Revenue, Net)
109    
Cost of revenue
(Cost of Goods and Services Sold)
 (328)(721) (26)
Gross profit:109(328)(721) (26)
Operating expenses(4,540)(4,493)(5,736)(3,470)(2,791)
Other undisclosed operating income1093283,1231,6881,339
Operating loss:(4,322)(4,493)(3,334)(1,782)(1,479)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
  8338 
Interest and debt expense(134)(347)(190)(26)(18)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (521) 
Loss from continuing operations before equity method investments, income taxes:(4,456)(4,839)(3,442)(2,292)(1,497)
Other undisclosed loss from continuing operations before income taxes(233)(62)(235)(45) 
Loss from continuing operations before income taxes:(4,689)(4,901)(3,677)(2,337)(1,497)
Income tax expense  (1)(1)(4)
Loss before gain (loss) on sale of properties:(4,689)(4,901)(3,678)(2,337)(1,501)
Other undisclosed net loss    (31)
Net loss:(4,689)(4,901)(3,678)(2,337)(1,533)
Other undisclosed net income (loss) attributable to parent  37346(4)
Net loss attributable to parent:(4,689)(4,901)(3,305)(2,292)(1,537)
Other undisclosed net income available to common stockholders, basic121150   
Net loss available to common stockholders, diluted:(4,568)(4,751)(3,305)(2,292)(1,537)

Comprehensive Income ($ in thousands)

10/31/2016
10/31/2015
10/31/2014
10/31/2013
10/31/2012
Net loss:(4,689)(4,901)(3,678)(2,337)(1,533)
Comprehensive loss, net of tax, attributable to parent:(4,689)(4,901)(3,678)(2,337)(1,533)

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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