Company research
First Foods Group, Inc.
CIK 1648903Updated Sep 26, 2026
SecurityFIFG · OTC · equity
Name history
Litera Group Inc · through Jan 6, 2017
FIFG price & chart
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Recent filings
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Financials
FY 2022 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 53,956Source | 512,057Source | 848,195Source | 998,078Source |
| Property, Plant and Equipment, NetUSD | 0Source | 139,103Source | 242,438Source | 0Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | 50,386Source | 24,353Source |
| Accounts ReceivableUSD | — | — | 424Source | — |
| Inventory, NetUSD | 106Source | 56,936Source | 46,240Source | 10,556Source |
| Assets, CurrentUSD | 29,896Source | 195,892Source | 366,510Source | — |
| Prepaid Expense and Other Assets, CurrentUSD | 23,365Source | 89,888Source | 148,144Source | 56,935Source |
| Operating Lease, Right-of-Use AssetUSD | 0Source | 177,062Source | 239,247Source | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,219,279Source | 3,992,352Source | 3,406,570Source | 2,213,971Source |
| Commitments and ContingenciesUSD | — | — | 0Source | — |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 27,058Source | 26,998Source | 22,367Source | 20,314Source |
| Additional Paid in CapitalUSD | 11,916,116Source | 12,062,341Source | 10,515,601Source | 9,116,998Source |
| Retained Earnings (Accumulated Deficit)USD | -16,768,055Source | -15,335,458Source | -12,954,696Source | -10,293,260Source |
| Stockholders' Equity Attributable to ParentUSD | -4,823,866Source | -3,480,295Source | -2,558,375Source | -1,215,893Source |
| Liabilities and EquityUSD | 53,956Source | 512,057Source | 848,195Source | 998,078Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,039,896Source | 3,732,377Source | 2,927,493Source | 1,730,731Source |
| Operating Lease, Liability, CurrentUSD | — | 29,421Source | — | — |
| Operating Lease, Liability, NoncurrentUSD | 29,383Source | 109,975Source | 179,053Source | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -341,457Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 92,149Source | 68,149Source | — | — |
| Deferred Revenue, CurrentUSD | 61,133Source | 81,953Source | 105,058Source | 193,163Source |
| Long-term DebtUSD | 1,518,505Source | 1,438,586Source | 1,266,179Source | — |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | 483,240Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,538,863Source | — | — | -2,725,691Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 55,333Source | 236,836Source | 170,644Source | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | -27,469Source |
| Increase (Decrease) in InventoriesUSD | 4,076Source | 10,696Source | -5,870Source | -10,556Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 421,052Source | -333,692Source | -163,541Source | -1,013,873Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 0Source | -877Source | -199,328Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 0Source | — | — | — |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 415,590Source | 295,710Source | 388,902Source | 1,007,800Source |
| Dividends paid | — | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -5,102Source | — | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 6,425Source | 11,527Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 12,025Source | 111,351Source | 137,519Source | — |
| Income Taxes Paid, NetUSD | 0Source | 0Source | 0Source | — |
| Additional Financial Items | ||||
| Gain (Loss) on Extinguishment of DebtUSD | 0Source | -412,509Source | — | — |
| General and Administrative ExpenseUSD | 969,263Source | 1,702,035Source | 1,993,427Source | 2,642,684Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -1,696,027Source | -2,718,692Source | -2,661,436Source | -2,667,781Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 106,266Source | 92,411Source | 81,702Source | 69,460Source |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | -1,538,863Source | -2,473,173Source | -2,743,138Source | -2,725,691Source |
| Operating ExpensesUSD | 1,316,225Source | 1,862,366Source | 2,231,935Source | 2,823,701Source |
| Operating Lease, ExpenseUSD | 87,642Source | 87,642Source | 43,821Source | — |
| Proceeds from Issuance of Common StockUSD | 0Source | 0Source | 100,000Source | — |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| Total RevenueUSD | 84,795Source | 362,757Source | 208,167Source | 326,285Source |
| Cost of RevenueUSD | — | 233,247Source | 35,077Source | 21,003Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -1,276,272Source | -1,499,609Source | -2,023,768Source | -2,497,416Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,538,863Source | — | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | — |
| Net Income (Loss) Attributable to ParentUSD | -1,538,863Source | -2,473,173Source | -2,743,138Source | -2,725,691Source |
| Earnings Per Share, BasicUSD per share | — | -0.11Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 24,717,458Source | — | — |
| Additional Financial Items | ||||
| Depreciation, Depletion and Amortization, NonproductionUSD | 57,707Source | 57,844Source | 37,077Source | — |
| General and Administrative ExpenseUSD | 969,263Source | 1,702,035Source | 1,993,427Source | 2,642,684Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -1,696,027Source | -2,718,692Source | -2,661,436Source | -2,667,781Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 106,266Source | 92,411Source | 81,702Source | 69,460Source |
| Interest ExpenseUSD | 300,728Source | 671,055Source | 720,370Source | -230,775Source |
| Interest Expense, DebtUSD | — | — | 383,338Source | — |
| Marketing and Advertising ExpenseUSD | 46,000Source | 112,000Source | 35,000Source | 115,150Source |
| Operating ExpensesUSD | 1,316,225Source | 1,862,366Source | 2,231,935Source | 2,823,701Source |
| Operating Lease, ExpenseUSD | 87,642Source | 87,642Source | 43,821Source | — |
| Other IncomeUSD | 38,137Source | 110,000Source | 1,000Source | 2,500Source |
| Preferred Stock Dividends and Other AdjustmentsUSD | — | — | 0Source | -11,550Source |
| Research and Development ExpenseUSD | 66,000Source | 89,000Source | 87,000Source | 85,000Source |