Teardroppers, Inc.
Industrials · Services-Advertising · NV · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $15,825 | $71,850 | $53,100 | $40,000 | $0 |
| Operating income | −$332,625 | −$408,080 | −$387,254 | −$352,134 | −$343,056 | −$215,759 |
| Net income | −$425,880 | −$458,648 | −$452,898 | −$401,965 | −$379,210 | −$270,677 |
| Total assets | $912,383 | $239,724 | $373,819 | $398,010 | $295,463 | $269,169 |
| Total liabilities | $2.5M | $2.3M | $2.0M | $1.6M | $1.1M | $1.2M |
| Equity | −$1.6M | −$2.1M | −$1.6M | −$1.2M | −$767,612 | −$937,602 |
| EPS (diluted) | $-2.32 | $-2.50 | — | — | — | — |
| Shares out. | 45.9M | 45.9M | 45.9M | 45.9M | 41.5M | 37.8M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2022- Operating margin
- —
- Net margin
- —
- Return on equity
- 26.7%
- Return on assets
- −46.7%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 274.8%
- Debt / equity
- —
- Book value / share
- $-0.03
- Revenue growth (YoY)
- −100.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2022- Altman Z″ (distress)
- -26.87distress
- Accruals / assets
- −63.3%clean
- Piotroski F-Score
- 6/8mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 2 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Strong return on equity (>15%)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗May 15, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Qmissed a reporting deadline ↗May 16, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 29, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 30, 2021
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Unregistered equity sale · Modified shareholder rights · Change in control · Director / officer changeJan 26, 2023
- Modified shareholder rights · Amended charter or bylaws · Shareholder voteJul 6, 2022
- Changed auditorSep 20, 2019
- Changed auditorJan 18, 2018
- Prior financials not reliable (restatement)Mar 29, 2016
- Changed auditorNov 13, 2015
- Changed auditorMay 14, 2015
- Changed auditorApr 29, 2015
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-15DFORM 15Jun 2, 2023
- 10-QANNUAL REPORTMay 22, 2023
- NT 10-QEXTENSIONMay 15, 2023
- 10-KFORM 10-KApr 17, 2023
- NT 10-KMar 31, 2023
- 8-KCURRENT REPORTJan 26, 2023
- 10-QFORM 10-QNov 17, 2022
- NT 10-Q10-Q EXTENSIONNov 14, 2022
- 10-QFORM 10-QAug 15, 2022
- 8-KFORM 8-KJul 6, 2022
- 10-QFORM 10-QMay 18, 2022
- NT 10-QMay 16, 2022
- 10-KFORM 10-KApr 15, 2022
- NT 10-KFORM 12B-25Mar 29, 2022
- 10-QFORM 10-QNov 8, 2021
Event-driven situations (1)
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