A Business at a Glance
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Throughout this Annual Report on Form 10-K, Accredited Solutions, Inc. is referred to as “we,” “our,” “us,” the “ Company,” or “ Accredited Solutions.” The Company was formed as a Nevada corporation on November 26, 2007. The Company was involved in exploration and development of mining properties until September 30, 2013, when it discontinued operations. In June 2017, the Company’s creditors filed a petition in the District Court of Harris County, Texas for the appointment of a receiver. In August of 2017, the court appointed a receiver (who was subsequently appointed as an officer and director of the Company), and in February 2018, the receiver appointed William Alessi as a director of the Company and then resigned as a director and officer of the Company. On February 6, 2019, the Company acquired trademarks and intellectual property, which includes all rights and trade secrets to the hemp-derived CBD-infused line of consumer beverages sold under the “ Good Hemp” brand.
| Metric | TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 599K | - | 483K | - | - | - |
| Net Income | 2.6M | -1.5M | -32K | -4.8M | -1.5M | -1.7M |
| EPS | $0.00 | $-0.00 | $-0.00 | $-0.01 | $-0.08 | $-1.00 |
| Free Cash Flow | 0 | -81K | -234K | -775K | -122K | -475K |
| ROIC | -167.1% | -51.2% | -20.0% | -298.0% | -51.7% | -36.7% |
| Gross Margin | 16.6% | - | 19.7% | - | - | - |
| Debt/Equity | 0.00 | -0.01 | -0.02 | -0.00 | -0.09 | -0.06 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -526K | -149K | -206K | -2.3M | -1.3M | -154K |
| Operating Margin | -87.9% | - | -42.7% | - | - | - |
| ROE | 0.0% | - | - | - | - | - |
| Shares Outstanding | 2,653M | 1,375M | 1,375M | 679M | 18M | 22M |
| Metric | 2011 | 2012 | 2019 | 2020 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 0 | 0 | N/A | N/A | N/A | 483K | N/A | 599K |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 19.7% | N/A | 16.6% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 487K | 972K | N/A | 424K | 601K | 275K | 261K | 614K |
| EBIT | -1.5M | -3.7M | -154K | -1.3M | -2.3M | -206K | -149K | -526K |
| Op. Margin | N/A | N/A | N/A | N/A | N/A | -42.7% | N/A | -87.9% |
| Net Income | -1.7M | -3.7M | -1.7M | -1.5M | -4.8M | -32K | -1.5M | 2.6M |
| Net Margin | N/A | N/A | N/A | N/A | N/A | -6.6% | N/A | 434.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 302K | 0 |
| Returns on Capital | ||||||||
| ROIC | N/M | N/M | -36.7% | -51.7% | N/M | -20.0% | -51.2% | -167.1% |
| ROE | -757.1% | -6552.2% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| ROA | -575.0% | -1455.9% | -512.0% | -72.7% | -800.4% | -3.9% | -285.0% | 1046.7% |
| Cash Flow | ||||||||
| Op. Cash Flow | -525K | -1.5M | -463K | -122K | -728K | -234K | -81K | -317K |
| Free Cash Flow | -574K | -1.5M | -475K | -122K | -775K | -234K | -81K | 0 |
| Owner Earnings | -1.1M | -3.1M | -463K | -1.2M | -2.5M | -271K | -107K | -328K |
| CapEx | 49K | 49K | 12K | 0 | 47K | 0 | 0 | 0 |
| Maint. CapEx | 3K | 11K | 0 | 0 | 1.8M | 26K | 26K | 12K |
| Growth CapEx | 46K | 38K | N/A | N/A | 0 | N/A | N/A | 0 |
| D&A | 3K | 11K | 0 | 0 | 1.8M | 26K | 26K | 12K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.0% | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 600K | 1.6M | 0 | 1.1M | 26K | 11K | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 11K | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | -216K | 50K | 29K | -4K | -41K | 21K | 36K | 226K |
| Cash & Equiv. | 216K | 0 | 48K | 21K | 60K | 36K | 0 | 12K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 238K |
| Debt/Equity | 0.00 | -0.49 | -0.06 | -0.09 | -0.00 | -0.02 | -0.01 | 0.00 |
| Interest Coverage | N/A | -13472.2 | -0.5 | -19.4 | -8.3 | -0.3 | -0.4 | -0.4 |
| Equity | 215K | -102K | -2.1M | -405K | -4.5M | -3.9M | -5.1M | -1.1M |
| Total Assets | 289K | 218K | 332K | 2.0M | 599K | 815K | 230K | 249K |
| Total Liabilities | 74K | 302K | 2.4M | 2.4M | 5.1M | 4.7M | 5.3M | 1.3M |
| Intangibles | N/A | N/A | 12K | 12K | 0 | 105K | 100K | 100K |
| Retained Earnings | N/A | N/A | -6.9M | -8.4M | -13M | -6.4M | -7.9M | -5.8M |
| Working Capital | 144K | -320K | -2.1M | -2.2M | -5.1M | -4.4M | -5.2M | -1.2M |
| Current Assets | 218K | 0 | 320K | 199K | 61K | 321K | 69K | 97K |
| Current Liabilities | 74K | 320K | 2.4M | 2.4M | 5.1M | 4.7M | 5.3M | 1.3M |
| Per Share Data | ||||||||
| EPS | -1.00 | -2.00 | -1.00 | -0.08 | -0.01 | -0.00 | -0.00 | 0.00 |
| Owner EPS | -0.66 | -3.41 | -0.02 | -0.06 | -0.00 | -0.00 | -0.00 | -0.00 |
| Book Value | 0.13 | -0.11 | -0.09 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 |
| Cash Flow/Share | -0.31 | -1.62 | -0.02 | -0.01 | -0.00 | -0.00 | -0.00 | 0.00 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 1.7M | 0.9M | 22.4M | 18.3M | 678.8M | 1.4B | 1.4B | 2.7B |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.3 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 333.0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | 85.1 | N/A | 0.4 |
| FCF Yield | -0.8% | -46.7% | -4.6% | -0.5% | -0.6% | -11.0% | -9.9% | N/A |
| Market Cap | 72M | 3.2M | 10M | 23M | 136M | 2.1M | 825K | 265K |
| Avg. Price | 42.19 | 19.55 | 0.66 | 0.72 | 0.90 | 0.03 | 0.00 | 0.00 |
| Year-End Price | 71.00 | 3.20 | 0.46 | 0.82 | 0.20 | 0.00 | 0.00 | 0.00 |
Accredited Solutions, Inc. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 19.7%.
Accredited Solutions, Inc. (ASII) has a 5-year average return on invested capital (ROIC) of -39.9%. This is below average and may indicate limited pricing power.
Accredited Solutions, Inc. (ASII) has a market capitalization of $265K. It is classified as a small-cap stock.
Accredited Solutions, Inc. (ASII) does not currently pay a regular dividend.
Accredited Solutions, Inc. (ASII) operates in the Beverages industry, within the Consumer Defensive sector.
Accredited Solutions, Inc. (ASII) generated $-81 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Accredited Solutions, Inc. (ASII) reported earnings per share (EPS) of $-0.00 in its most recent fiscal year.
Accredited Solutions, Inc. (ASII) has a 5-year average gross margin of 19.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for Accredited Solutions, Inc. (ASII), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Accredited Solutions, Inc. (ASII) has a book value per share of $-0.00, based on its most recent annual SEC filing.
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