Panache Beverage Inc (WDKA) Financial Statements (2024 and earlier)

Company Profile

Business Address 150 5TH AVE 3RD FL
NEW YORK, NY 10011
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 50714
Cash and cash equivalents 50714
Inventory, net of allowances, customer advances and progress billings95
Inventory  95
Prepaid expense and other current assets100
Other undisclosed current assets 3,6801,984
Total current assets: 3,7302,893
Noncurrent Assets
Property, plant and equipment 3,45111
Total noncurrent assets: 3,45111
TOTAL ASSETS: 7,1802,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,2191,055
Accounts payable 1,2191,055
Debt 33 
Due to related parties 498 
Other liabilities 620569
Other undisclosed current liabilities 4661,977
Total current liabilities: 2,8363,601
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 11,2112,100
Total noncurrent liabilities: 11,2112,100
Total liabilities: 14,0475,701
Equity
Equity, attributable to parent, including: (6,867)(2,796)
Common stock 2727
Additional paid in capital 4,1923,213
Accumulated deficit (10,366)(5,783)
Other additional capital 483234
Other undisclosed equity, attributable to parent (1,203)(486)
Equity, attributable to noncontrolling interest (1,203)(486)
Other undisclosed equity 1,2033,769
Total equity: (6,867)486
Other undisclosed liabilities and equity  (3,283)
TOTAL LIABILITIES AND EQUITY: 7,1802,904

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

6/30/2014
TTM
12/31/2013
12/31/2012
Revenues 3,6943,291
Cost of revenue
(Cost of Goods and Services Sold)
 (2,537)(2,129)
Gross profit: 1,1571,162
Operating expenses (6,214)(4,889)
Other operating expense, net
(Other Expenses)
  (160)
Operating loss: (5,057)(3,888)
Nonoperating expense
(Other Nonoperating expense)
 (242) 
Interest and debt expense (567)133
Loss from continuing operations before equity method investments, income taxes: (5,866)(3,755)
Other undisclosed income (loss) from continuing operations before income taxes 567(133)
Loss from continuing operations before income taxes: (5,299)(3,888)
Other undisclosed income from continuing operations 6,0154,508
Income from continuing operations: 716621
Income before gain (loss) on sale of properties: 716621
Other undisclosed net loss (6,015) 
Net income (loss): (5,299)621
Other undisclosed net income (loss) attributable to parent 716(3,888)
Net loss available to common stockholders, diluted: (4,583)(3,267)

Comprehensive Income ($ in thousands)

6/30/2014
TTM
12/31/2013
12/31/2012
Net income (loss): (5,299)621
Comprehensive income (loss): (5,299)621
Comprehensive loss, net of tax, attributable to noncontrolling interest (716) 
Comprehensive income (loss), net of tax, attributable to parent: (6,015)621

Statements Sources

The financial statements are based on the Company's filings with 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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