Splash Beverage Group, Inc. Financial Statements — SBEV

Income Statement	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	- -	1	1	1	1	1	1	2	11	18	19
+ Sales & Services Revenue	- -	1	1	1	1	1	1	2	11	18	19
- Cost of Revenue	- -	- -	- -	- -	- -	1	1	2	7	12	13
+ Cost of Goods & Services	- -	- -	- -	- -	- -	1	1	2	7	12	13
Gross Profit	- -	- -	- -	1	- -	1	1	- -	4	6	6
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	1	1	1	1	18	33	27	21
+ Selling, General & Admin	- -	- -	- -	1	1	1	1	12	31	26	19
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	6	2	2	1
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	-18	-29	-21	-15
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	6
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	6
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	6
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Income	- -	- -	- -	- -	- -	- -	- -	-20	-29	-22	-21
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	- -	- -	- -	- -	- -	- -	- -	-20	-29	-22	-21
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	-9	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	18	-1	- -	- -
Income (Loss) Incl. MI	- -	- -	- -	- -	- -	- -	- -	-29	-29	-22	-21
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	- -	- -	- -	- -	- -	- -	- -	-29	-29	-22	-21
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	- -	- -	- -	- -	- -	- -	- -	-29	-29	-22	-21
Basic Weighted Avg Shares	4	4	4	4	4	4	4	37	29	37	42
Basic EPS, GAAP	- -	-0.01	0.01	-0.01	-0.04	0.02	-0.12	-0.77	-1.01	-0.58	-0.49
Basic EPS from Cont Ops	- -	-0.01	0.01	-0.01	-0.04	0.02	-0.12	-0.53	-1.02	-0.58	-0.49
Diluted Weighted Avg Shares	4	4	4	4	4	4	4	37	29	37	42
Diluted EPS, GAAP	- -	-0.01	0.01	-0.01	-0.04	0.02	-0.12	-0.77	-1.01	-0.58	-0.49
Diluted EPS from Cont Ops	- -	-0.01	0.01	-0.01	-0.04	0.02	-0.12	-0.53	-1.02	-0.58	-0.49
EBITDA	- -	- -	- -	- -	- -	- -	- -	-18	-29	-20	-15
EBITDA Margin (%)	0.53	-0.25	4.8	-0.01	-11.1	9.34	-40.05	-762.94	-256.02	-113.11	-78.2
EBITA	- -	- -	- -	- -	- -	- -	- -	-18	-29	-21	-15
EBIT	- -	- -	- -	- -	- -	- -	- -	-18	-29	-21	-15
Gross Margin (%)	50.29	57.74	52.42	52.1	50.81	53.77	50	15.81	34.62	32.72	29.54
Operating Margin (%)	0.13	-4.6	2.11	-4.94	-17.56	5.09	-46.22	-767.86	-257.01	-118.28	-81.1
Profit Margin (%)	-0.68	-4.97	2.13	-4.83	-16.48	5.21	-46.89	-1,246.65	-256.72	-119.92	-111.42
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1

Balance Sheet	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	2	8	11	4
+ Cash, Cash Equivalents & STI	- -	- -	- -	- -	- -	- -	- -	- -	4	4	- -
+ Cash & Cash Equivalents	- -	- -	- -	- -	- -	- -	- -	- -	4	4	- -
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	1	1	2	1
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	1	2	1
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	1	2	4	2
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	1	2	4	2
+ Other ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	7	8	7	6
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -	1	2	1	1
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	- -	2	3	3	3
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	- -	1	2	2	2
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -	6	6	5	5
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	6	6	5	5
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	6	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	6	5	4
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Assets	- -	- -	- -	- -	- -	- -	- -	9	16	17	10
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	2	2	4	6
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	2	2	3	4
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	2
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	2	4	1	9
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	2	4	1	8
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	1	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	1	5	6	5	15
+ LT Debt	- -	- -	- -	- -	- -	- -	- -	2	1	3	1
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -	2	- -	3	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	1	- -	- -
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -	2	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	4	1	3	1
Total Liabilities	- -	- -	- -	- -	- -	- -	1	9	8	8	16
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	- -	- -	- -	1	61	100	122	128
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	9	- -	- -	- -
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	52	99	122	128
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	- -	- -	- -	- -	- -	- -	-1	-62	-91	-112	-133
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	9	9	-6
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	- -	- -	- -	- -	- -	- -	- -	- -	9	9	-6
Total Liabilities & Equity	- -	- -	- -	- -	- -	- -	- -	9	16	17	10
Shares Outstanding	4	4	4	4	4	4	4	21	34	41	44
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1
Net Debt	- -	- -	- -	- -	- -	- -	- -	4	- -	-1	8
Net Debt to Equity	-187.18	-441.75	-6,645.05	113.28	-95.74	-2,743.14	-113.77	-3,882.02	-1.92	-8.74	-149.97
Tangible Common Equity Ratio

Splash Beverage Group, Inc.

Income Statement

Balance Sheet