Freeze Tag, Inc. (FRZT)
Freeze Tag, Inc. develops and publishes location-based mobile social games for consumers and businesses worldwide. The company offers Munzee, a social platform that blends gamification and geolocation into an experience, which rewards players for going places in the physical world; WallaBee, an addictive collecting game with digital cards; and Eventzee, a solution that allows businesses to create private scavenger hunts in physical places such as malls, tradeshows, company events, and campuses to create immersive brand experiences. It also offers technology and services to third party businesses. In addition, the company markets, sells, and distributes its games through direct-to-consumer digital storefronts, such as Apple’s App Store and the Google Play Store; and sells to players directly through its websites, such as freezetag.com and store.freezetag.com. Further, it publishes titles on other platforms, such as the Facebook App Store and Mac App Store, as well as on PC download portals, such as Big Fish Games and others. The company was founded in 2005 and is headquartered in Tustin, California.
Sector: Services-Prepackaged Software
Industry: Electronic Gaming & Multimedia
Freeze Tag, Inc.
OTC:FRZTTechnology · Electronic Gaming & Multimedia
Mkt Cap$8K
Float7.88M
O/S75.06M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.98M
Net Income-$493K
Total Assets$594K
Free Cash Flow-$267K
Debt & Equity
Total Debt$643K
Total Equity-$687K
Preferred Stock$69
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:100Reverse splitOct 5, 2017100 shares → 1
Balance Sheet Details
Assets$594K
Liabilities$1.28M
Accounts Receivable$24K
Accounts Payable$142K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$338K
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Revenue | $1.98M | $2.12M | $2.1M | $2.14M | $1.78M | $2.08M | $2.11M | $2.22M | $139K | $44K | $54K | $146K | $449K | $733K | $644K | $865K | $580K |
| YoY Growth | -6.5% | 0.8% | -1.7% | 20.0% | -14.6% | -1.4% | -4.7% | 1498.9% | 215.5% | -18.1% | -63.2% | -67.5% | -38.7% | 13.8% | -25.6% | 49.2% | - |
| Cost of Revenue | $606K | $429K | $367K | $276K | $248K | $287K | $283K | $309K | $235K | $369K | $166K | $1.22M | $440K | $373K | $458K | $743K | $330K |
| Gross Profit | $1.37M | $1.69M | $1.73M | $1.86M | $1.53M | $1.8M | $1.83M | $1.91M | -$96K | -$325K | -$112K | -$1.07M | $9K | $360K | $186K | $123K | $250K |
| Gross Margin | 69.4% | 79.7% | 82.5% | 87.1% | 86.0% | 86.2% | 86.6% | 86.0% | -69.5% | -739.4% | -208.8% | -736.3% | 2.1% | 49.1% | 28.8% | 14.2% | 43.1% |
| Research and Development | $92K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $321K | $400K | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.81M | $1.84M | $1.66M | $1.69M | $1.78M | $1.9M | $1.83M | $1.9M | $1.4M | $551K | $566K | $474K | $842K | $518K | $336K | $322K | $330K |
| Other | -$92K | $0 | $0 | $0 | $0 | $1K | $0 | $9.52M | $0 | $0 | $12K | $0 | $0 | $0 | $0 | $3K | $10K |
| Total Operating Expenses | $1.81M | $1.84M | $1.66M | $1.69M | $1.78M | $1.9M | $1.83M | $11.42M | $555K | $551K | $579K | $474K | $1.04M | $518K | $336K | $325K | $340K |
| Operating Income (EBIT) | -$444K | -$158K | $73K | $166K | -$251K | -$103K | $5K | -$9.52M | $27K | -$876K | -$691K | -$1.57M | -$926K | -$209K | -$151K | -$203K | -$90K |
| Operating Margin | -22.4% | -7.5% | 3.5% | 7.8% | -14.1% | -4.9% | 0.2% | -429.0% | 19.3% | -1993.0% | -1287.0% | -1078.4% | -206.2% | -28.5% | -23.4% | -23.4% | -15.5% |
| Interest Expense | $47K | $45K | $47K | $49K | $45K | $40K | $57K | $5K | $2K | $887K | $904K | $95K | $58K | $19K | $10K | $30K | -$40K |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$48K | -$45K | $129K | $126K | -$19K | -$39K | -$57K | -$47K | -$2K | -$994K | -$663K | -$1.97M | -$93K | -$19K | -$10K | -$30K | -$40K |
| Income Before Tax (EBT) | -$492K | -$203K | $202K | $292K | -$270K | -$142K | -$53K | -$9.56M | $24K | -$1.87M | -$1.35M | -$3.55M | -$1.02M | -$227K | -$161K | -$233K | -$130K |
| Income Tax Expense | $800 | $2K | $2K | $1K | $0 | $800 | $8K | $29K | $2K | $400 | $2K | $1K | $1K | $3K | $1K | $1K | -$80K |
| Net Income | -$493K | -$205K | $201K | $290K | -$270K | -$143K | -$60K | -$9.59M | $17K | -$1.87M | -$1.36M | -$3.55M | -$1.02M | -$230K | -$162K | -$234K | -$130K |
| Net Income Margin | -24.9% | -9.7% | 9.6% | 13.6% | -15.1% | -6.8% | -2.8% | -432.5% | 12.3% | -4254.6% | -2524.4% | -2430.8% | -227.2% | -31.4% | -25.2% | -27.0% | -22.4% |
| Supplementary Data | |||||||||||||||||
| EPS | -0.01 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.51 | 0.00 | -0.78 | -1.17 | -4.23 | -1.99 | -0.59 | -0.43 | -0.84 | -0.33 |
| Diluted EPS | -0.01 | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | -0.00 | -0.51 | 0.00 | -0.78 | -1.17 | -4.23 | -1.99 | -0.59 | -0.43 | -0.84 | -0.33 |
| Weighted Average OS | 75.06M | 75.06M | 75.06M | 75.06M | 75.06M | 75.06M | 73.05M | 18.66M | 6.72M | 2.39M | 1.16M | 838,569 | 512,049 | 390,820 | 373,693 | 277,563 | 390,000 |
| EBITDA | -$344K | -$118K | $328K | $443K | -$122K | -$6K | $99K | -$9.52M | $49K | $618.83B | -$678K | -$1.23M | -$522K | -$195K | -$150K | -$33K | -$80K |
| EBITDA Margin | -17.4% | -5.6% | 15.6% | 20.8% | -6.9% | -0.3% | 4.7% | -429.2% | 35.3% | 1407464801.0% | -1263.8% | -840.8% | -116.4% | -26.6% | -23.4% | -3.8% | -13.8% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Assets | |||||||||||||||||
| Current Assets | |||||||||||||||||
| Cash and Cash Equivalents | $217K | $383K | $741K | $753K | $492K | $255K | $309K | $167K | $20K | $42K | $15K | $40K | $33K | $27K | $107K | $29K | $10K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $217K | $383K | $741K | $753K | $492K | $255K | $309K | $167K | $194K | $42K | $15K | $40K | $33K | $27K | $107K | $29K | $10K |
| Accounts Receivable | $24K | $20K | $17K | $13K | $11K | $10K | $5K | $7K | $0 | $5K | $16K | $18K | $41K | $92K | $133K | $90K | $90K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38K | $0 |
| Other Current Assets | $14K | $20K | $13K | $12K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $333K | $171K | $215K | $193K | $290K |
| Total Current Assets | $255K | $424K | $772K | $778K | $516K | $282K | $341K | $214K | $239K | $52K | $39K | $66K | $415K | $306K | $479K | $351K | $390K |
| Long-Term Assets | |||||||||||||||||
| Property, Plant & Equipment Net | $0 | $11K | $20K | $32K | $44K | $10K | $13K | $13K | $106K | $0 | $0 | $828 | $3K | $5K | $296K | $176K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $338K | $522K | $371K | $67K | $158K | $250K | $341K | $433K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $130K |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $2K | $853 | $853 | $208K | $35K | $65K | $3K | $15K | $0 | $0 | $0 | $12K | $537K | $673K | $320 | $320 | $0 |
| Total Long-Term Assets | $339K | $534K | $392K | $307K | $237K | $324K | $357K | $460K | $106K | $0 | $0 | $13K | $540K | $678K | $296K | $176K | $130K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$106K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $594K | $958K | $1.16M | $1.09M | $753K | $606K | $698K | $675K | $33K | $52K | $39K | $78K | $955K | $984K | $775K | $527K | $520K |
| Liabilities | |||||||||||||||||
| Current Liabilities | |||||||||||||||||
| Accounts Payable | $142K | $144K | $165K | $140K | $139K | $162K | $176K | $155K | $31K | $124K | $116K | $107K | $108K | $72K | $94K | $116K | $30K |
| Short-Term Debt | $493K | $390K | $390K | $435K | $525K | $0 | $380K | $0 | $72K | $2.85M | $1.87M | $1.14M | $745K | $70K | $93K | $108K | $450K |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $8K | $8K | $8K | $8K | $8K | $8K | $127K | $127K | $0 | $195K | $202K | $212K | $270K | $276K | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $20K | $0 | $0 | $0 | $1.63M | $438K | $18K | $449K | $0 | $0 | $403K | $470K |
| Total Current Liabilities | $1.13M | $1.03M | $1.06M | $1.07M | $1.18M | $678K | $1.14M | $734K | $121K | $4.87M | $3.23M | $1.96M | $1.74M | $1.09M | $845K | $724K | $950K |
| Long-Term Liabilities | |||||||||||||||||
| Long-Term Debt | $150K | $153K | $163K | $303K | $222K | $380K | $0 | $380K | $24K | $0 | $0 | $0 | $0 | $0 | $50K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $6K | $9K | $15K | $20K | $0 | $0 | $21K | $0 | $0 | $0 | $0 | $0 | $7K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $150K | $158K | $172K | $317K | $242K | $412K | $0 | $400K | $24K | $0 | $0 | $0 | $0 | $7K | $50K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$24K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.28M | $1.19M | $1.23M | $1.39M | $1.43M | $1.09M | $1.14M | $1.13M | $6.86M | $4.87M | $3.23M | $1.96M | $1.74M | $1.1M | $895K | $724K | $950K |
| Stockholders' Equity | |||||||||||||||||
| Preferred Stock | $69 | $69 | $69 | $69 | $69 | $69 | $69 | $70 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $751 | $751 | $751 | $751 | $751 | $751 | $751 | $698 | $67 | $3K | $2K | $100K | $70K | $39K | $39K | $32K | $30K |
| Retained Earnings | -$10.07M | -$9.58M | -$9.37M | -$9.57M | -$9.86M | -$9.6M | -$9.45M | -$9.39M | $200K | -$8.98M | -$7.11M | -$5.76M | -$2.24M | -$1.22M | -$992K | -$830K | -$600K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | -$5K | -$2K | $0 | $17K | $0 | $0 | -$7K | $0 | -$4K | -$3K | $0 |
| Other Stockholders' Equity | $9.38M | $9.35M | $9.31M | $9.27M | $9.19M | $9.11M | $9.01M | $8.93M | $109 | $4.16M | $3.92M | $3.78M | $1.39M | $1.07M | $833K | $601K | $140K |
| Total Equity | -$687K | -$232K | -$65K | -$304K | -$674K | -$484K | -$437K | -$460K | $200K | -$4.82M | -$3.19M | -$1.88M | -$785K | -$116K | -$120K | -$196K | -$430K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $594K | $958K | $1.16M | $1.09M | $753K | $606K | $698K | $675K | $7.06M | $52K | $39K | $78K | $955K | $984K | $775K | $527K | $520K |
| Supplementary Data | |||||||||||||||||
| Total Debt | $643K | $543K | $553K | $738K | $780K | $442K | $380K | $380K | $96K | $2.85M | $1.87M | $1.14M | $745K | $70K | $143K | $108K | $450K |
| Net Debt | $427K | $160K | -$188K | -$15K | $288K | $125K | $71K | $212K | $3K | $2.81M | $1.85M | $1.1M | $17K | $43K | $36K | $79K | $440K |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 |
| Operating Activities | |||||||||||||||||
| Net Income | -$493K | -$205K | $201K | $290K | -$270K | -$143K | -$60K | -$9.59M | -$2.13M | -$1.87M | -$1.36M | -$3.55M | -$1.02M | -$230K | -$162K | -$234K | -$130K |
| Depreciation & Amortization | $101K | $40K | $79K | $103K | $103K | $95K | $95K | $39K | $22K | $618.84B | $12K | $347K | $403K | $14K | $284 | $170K | $90K |
| Deferred Income Tax | $0 | $0 | $0 | -$174K | $870 | $0 | $0 | $0 | $0 | $0 | $0 | $2.71M | $0 | $314K | -$40K | -$100K | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $42K | $42K | $58K | $23K | $20K | $0 | $0 | $0 | $31K | $144K | $16K | $40K | $100K | $0 |
| Changes in Working Capital: | |||||||||||||||||
| Accounts Receivable | -$4K | -$3K | -$4K | -$2K | -$2K | -$5K | $2K | -$1K | -$3K | $12K | $2K | $23K | $51K | $41K | -$43K | $2K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $35K | $5K | -$15K | $362K | $267K | $191K | $385K | $89K | $106K | $173K | $208K | $0 |
| Accounts Payable | -$2K | -$21K | $24K | $2K | -$24K | -$14K | $21K | $6K | $9K | $8K | $9K | -$510 | $46K | -$22K | -$22K | $88K | $0 |
| Other Working Capital | -$2K | -$14K | $4K | $2K | $27K | -$120K | $0 | -$15K | -$68K | -$7K | -$9K | -$380K | -$497K | -$526K | -$341K | -$272K | $60K |
| Total Working Capital Change | -$8K | -$38K | $24K | $2K | $2K | -$103K | $28K | -$26K | $300K | $280K | $192K | $27K | -$311K | -$400K | -$233K | $25K | $60K |
| Other Non-Cash Items | $132K | $38K | -$138K | $38K | $38K | $38K | $55K | $9.57M | $1.86M | -$618.83B | $475K | $54K | $194K | $48K | $271K | $100K | $50K |
| Net Cash from Operating | -$267K | -$165K | $165K | $300K | -$85K | -$54K | $140K | $8K | $50K | -$866K | -$675K | -$379K | -$589K | -$238K | -$124K | $61K | $70K |
| Investing Activities | |||||||||||||||||
| Capital Expenditures | $0 | -$182K | -$167K | -$204K | -$47K | $0 | -$4K | -$14K | -$27K | $0 | $0 | $0 | $0 | -$13K | -$2K | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $600 | $0 | $0 | $29K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $600 | $0 | $0 | $47K | $0 | $0 | $0 | $0 | -$8K | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | -$182K | -$167K | -$204K | -$46K | $0 | -$4K | $62K | -$27K | $0 | $0 | $0 | -$8K | -$13K | -$2K | $0 | $0 |
| Financing Activities | |||||||||||||||||
| Debt Repaid | -$100K | $10K | $10K | -$165K | -$368K | - | - | $96K | -$46K | - | - | -$265K | -$603K | $18K | $95K | $39K | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $344K | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $5K | $0 | $0 | $254K | $0 | $122K | $0 | -$6K | -$146K | $0 | -$80K |
| Net Cash from Financing | $100K | -$10K | -$10K | $165K | $368K | $0 | $5K | -$96K | $46K | $893K | $650K | $386K | $603K | $141K | $234K | -$39K | -$80K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$167K | -$358K | -$12K | $261K | $237K | -$54K | $142K | -$26K | $70K | $27K | -$25K | $7K | $6K | -$110K | $107K | $22K | -$10K |
| Supplementary Data | |||||||||||||||||
| Operating Cash Flow | -$267K | -$165K | $165K | $300K | -$85K | -$54K | $140K | $8K | -$719K | -$866K | -$675K | -$379K | -$589K | -$238K | -$124K | $61K | $70K |
| Capital Expenditure | $0 | -$182K | -$167K | -$204K | -$47K | $0 | -$4K | -$14K | -$27K | $0 | $0 | $0 | -$8K | -$13K | -$2K | $0 | $0 |
| Free Cash Flow | -$267K | -$348K | -$2K | $96K | -$131K | -$54K | $137K | -$7K | -$746K | -$866K | -$675K | -$379K | -$597K | -$251K | -$126K | $61K | $70K |
| Cash at Beginning | $383K | $741K | $753K | $492K | $255K | $309K | $167K | $194K | $42K | $15K | $40K | $33K | $27K | $136K | $29K | $7K | $0 |
| Cash at End | $217K | $383K | $741K | $753K | $492K | $255K | $309K | $167K | $20K | $42K | $15K | $40K | $33K | $27K | $136K | $29K | -$10K |