Vegalab, Inc. (VEGL) financial statements (2021 and earlier)

Company profile

Business Address 636 U.S. HIGHWAY 1, STE. 110,
NORTH PALM BEACH,, FL 33408
State of Incorp. NV
Fiscal Year End December 31
SIC 287 - Agricultural Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3430783400
Cash and cash equivalents3430783400
Receivables1,675671 2  
Inventory, net of allowances, customer advances and progress billings1,5951,889  
Inventory1,5951,889    
Prepaid expense339211  
Prepaid expense and other current assets21
Total current assets:3,9522,581803622
Noncurrent Assets
Property, plant and equipment821     
Deposits noncurrent assets1515    
Total noncurrent assets:83615    
TOTAL ASSETS:4,7872,596803622
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities409852722  
Accounts payable40968322  
Taxes payable 17    
Interest and dividends payable  24   
Debt6 122  57
Due to related parties1,5741,90387   
Other undisclosed current liabilities228 8913
Total current liabilities:1,9911,990244228970
Noncurrent Liabilities
Long-term debt and lease obligation447     
Long-term debt, excluding current maturities429     
Capital lease obligations18     
Liabilities, other than long-term debt   122  
Due to related parties   122  
Total noncurrent liabilities:447  122  
Other undisclosed liabilities   106  
Total liabilities:2,4381,9902442508970
Stockholders' equity
Stockholders' equity attributable to parent2,349606(165)(214)(87)(68)
Common stock23207777
Additional paid in capital4,7911,377503403402402
Accumulated deficit(2,465)(792)(675)(624)(496)(478)
Total stockholders' equity:2,349606(165)(214)(87)(68)
TOTAL LIABILITIES AND EQUITY:4,7872,596803622

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2,4912,115    
Revenue, net2,491     
Cost of revenue
(Cost of Goods and Services Sold)
(2,058)(1,617)    
Gross profit:434498    
Operating expenses(2,116)(593)(38)(120)(14)(13)
Operating loss:(1,683)(95)(38)(120)(14)(13)
Nonoperating expense
(Other Nonoperating expense)
 (4)    
Interest and debt expense(8)(4)(14)5  
Loss from continuing operations before income taxes:(1,691)(103)(51)(115)(14)(13)
Income tax expense (benefit)17(17)    
Loss from continuing operations:(1,674)(120)(51)(115)(14)(13)
Income from discontinued operations   128  
Income (loss) before gain (loss) on sale of properties:(1,674)(120)(51)13(14)(13)
Other undisclosed net loss   (141)(4)(3)
Net loss:(1,674)(120)(51)(128)(18)(16)
Other undisclosed net income attributable to parent 4    
Net loss available to common stockholders, diluted:(1,674)(116)(51)(128)(18)(16)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(1,674)(120)(51)(128)(18)(16)
Comprehensive loss, net of tax, attributable to parent:(1,674)(120)(51)(128)(18)(16)

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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