ASII Accredited Solutions, Inc.

Overview and Growth

Fiscal 2023 results for Accredited Solutions, Inc. combined $688.88K of revenue with net loss of $1.49M and an operating cash outflow of $81.46K. Revenue of $688.88K sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $483.04K in fiscal 2022, revenue recorded a 42.6% year-over-year increase. Total assets stood at $229.50K, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 3.0x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $138.08K, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 20.0%, so that share of each revenue unit remained after the cost of revenue reported for the period. The company recorded an operating loss of $148.77K after the reported operating expense base. Relative to revenue, the operating deficit measured 21.6%, showing the shortfall after operating costs. The bottom-line result was a net loss of $1.49M after operating, financing, tax, and other recognized items. Net margin was -216.1%, reflecting a loss equal to 216.1% of reported revenue. Negative EBITDA totaled $122.90K, confirming that the earnings deficit remained before depreciation and amortization. Income tax expense totaled $0.00, providing the reported tax component that separates pretax and after-tax earnings. The loss-to-assets relationship was 648.6%, placing the bottom-line deficit against the company’s resource base. The net loss widened to $1.49M from $31.69K in fiscal 2022.

Liquidity and Capital Structure

The company held $229.50K of assets against $5.30M of liabilities and -$5.07M of equity, revealing how the asset base was financed. With total equity at -$5.07M, the company carried a negative book-capital position, increasing its reliance on liabilities and future earnings. At period end, current assets of $68.93K compared with current liabilities of $5.30M, defining the company’s short-term resource position. Current assets covered only 0.01x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $919.00, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 0.0%, excluding receivables and other current assets. Cash and equivalents equaled 0.4% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 71.8% from $814.98K in fiscal 2022, leaving current total assets lower year over year. Cash and equivalents were 97.4% lower than fiscal 2022 cash of $35.97K, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $81.46K, rather than cash generation from operations. Cash absorbed by operations decreased from $233.53K in fiscal 2022 to $81.46K.

Based on the annual report for the fiscal year ending Dec 31, 2023. Analysis generated Sep 24, 2026.