STAFFING GROUP, LTD. (TSGL) financial statements (2020 and earlier)

Company profile

Business Address 717 GREEN VALLEY ROAD
GREENSBORO, NC 27408
State of Incorp. NV
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  4 
Cash and cash equivalents  4 
Receivables  1,622 
Prepaid expense   2
Disposal group, including discontinued operation 1,091  
Intangible current assets407  
Other undisclosed current assets433 159 
Total current assets:8401,0911,7852
Noncurrent Assets
Property, plant and equipment1 22 
Intangible assets, net (including goodwill)705  
Goodwill705   
Deposits noncurrent assets  29 
Disposal group, including discontinued operation, noncurrent assets 36 
Other undisclosed noncurrent assets407   
Total noncurrent assets:1,1133651 
TOTAL ASSETS:1,9531,1271,8362
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:437 259 
Accounts payable396   
Accrued liabilities41   
Employee-related liabilities  198 
Other undisclosed accounts payable and accrued liabilities  61 
Debt  1,4720
Due to related parties538163 8
Disposal group, including discontinued operation 1,307  
Other undisclosed current liabilities3,371(1,124)198 
Total current liabilities:4,3463461,9288
Noncurrent Liabilities
Liabilities, other than long-term debt  746 
Deferred compensation liability, classified  274 
Due to related parties  472 
Other undisclosed noncurrent liabilities591   
Total noncurrent liabilities:591 746 
Total liabilities:4,9373462,6748
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,996)(346)(838)(6)
Common stock113734
Additional paid in capital3,6362,4351,634490
Accumulated deficit(6,633)(2,781)(2,509) 
Other undisclosed stockholders' equity attributable to parent   (530)
Stockholders' equity attributable to noncontrolling interest12   
Total stockholders' equity:(2,984)(346)(838)(6)
TOTAL LIABILITIES AND EQUITY:1,953 1,8362

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

12/31/2016
12/31/2015
12/31/2014
9/30/2013
Revenues  20,7012
Cost of revenue
(Cost of Goods and Services Sold)
(2,908) (17,564) 
Other undisclosed gross profit4,278   
Gross profit:1,370 3,1362
Operating expenses(2,775)(327)(3,365)(531)
Other operating income, net   0
Other undisclosed operating loss  (41)(0)
Operating loss:(1,405)(327)(270)(529)
Nonoperating income (expense)(2,449)(153)(209)0
Foreign currency transaction gain, before tax   0
Other nonoperating expense (50)(11) 
Interest and debt expense (4)(39) 
Loss from continuing operations before equity method investments, income taxes:(3,854)(484)(519)(529)
Other undisclosed income (loss) from continuing operations before income taxes 439(0)
Loss from continuing operations before income taxes:(3,854)(480)(479)(529)
Income tax expense  (32) 
Loss from continuing operations:(3,854)(480)(511)(529)
Income from discontinued operations 207  
Net loss:(3,854)(272)(511)(529)
Net income attributable to noncontrolling interest2   
Other undisclosed net loss attributable to parent(2)   
Net loss available to common stockholders, diluted:(3,854)(272)(511)(529)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
9/30/2013
Net loss:(3,854)(272)(511)(529)
Comprehensive loss:(3,854)(272)(511)(529)
Comprehensive income, net of tax, attributable to noncontrolling interest2   
Comprehensive loss, net of tax, attributable to parent:(3,852)(272)(511)(529)

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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