SORRENTO TECH, INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
20 INDEPENDENCE BOULEVARD WARREN, NJ 07059 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3826 - Laboratory Analytical Instruments (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 24,833 | 32,250 | 43,734 | |||
| Cash and cash equivalent | 8,832 | 3,441 | 7,503 | |||
| Short-term investments | 16,001 | 28,809 | 36,231 | |||
| Receivables | 930 | 649 | 670 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,739 | 3,939 | 4,930 | |||
| Inventory | 3,739 | 3,939 | 4,930 | |||
| Other undisclosed current assets | 5,614 | 5,271 | 2,115 | |||
| Total current assets: | 35,116 | 42,109 | 51,449 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 7,805 | 9,822 | 12,186 | |||
| Long-term investments and receivables | 13,366 | |||||
| Long-term investments | 13,366 | |||||
| Intangible assets, net (including goodwill) | 18,651 | 22,408 | 26,516 | |||
| Goodwill | 360 | |||||
| Intangible assets, net (excluding goodwill) | 18,651 | 22,408 | 26,156 | |||
| Other noncurrent assets | 264 | 264 | 308 | |||
| Total noncurrent assets: | 26,720 | 32,494 | 52,376 | |||
| TOTAL ASSETS: | 61,836 | 74,603 | 103,825 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities | 7,172 | 7,442 | 4,375 | |||
| Employee-related liabilities | 1,116 | |||||
| Accounts payable | 1,325 | 675 | 1,134 | |||
| Accrued liabilities | 5,847 | 6,767 | 2,125 | |||
| Debt | 4,000 | 4,000 | ||||
| Other liabilities | 1,922 | 1,343 | 695 | |||
| Other undisclosed current liabilities | 1,973 | 5,851 | 8,840 | |||
| Total current liabilities: | 15,067 | 18,636 | 13,910 | |||
| Noncurrent Liabilities | ||||||
| Liabilities, other than long-term debt | 9,620 | 10,737 | 10,506 | |||
| Deferred tax liabilities, net | 49 | |||||
| Other liabilities | 9,620 | 10,737 | 10,457 | |||
| Other undisclosed noncurrent liabilities | 267 | 317 | 334 | |||
| Total noncurrent liabilities: | 9,887 | 11,054 | 10,840 | |||
| Total liabilities: | 24,954 | 29,690 | 24,750 | |||
| Equity | ||||||
| Equity, attributable to parent | 36,882 | 44,913 | 79,075 | |||
| Common stock | 5 | 18 | 18 | |||
| Treasury stock, value | (84) | (79) | (8) | |||
| Additional paid in capital | 245,100 | 214,578 | 212,069 | |||
| Accumulated deficit | (208,139) | (169,604) | (133,004) | |||
| Total equity: | 36,882 | 44,913 | 79,075 | |||
| TOTAL LIABILITIES AND EQUITY: | 61,836 | 74,603 | 103,825 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 7,242 | 5,985 | 5,057 | ||
| Cost of revenue (Cost of Product and Service Sold) | (7,974) | (7,704) | (7,847) | ||
| Gross profit: | (732) | (1,719) | (2,790) | ||
| Operating expenses | (36,724) | (41,279) | (36,649) | ||
| Other undisclosed operating income | 7,974 | 7,704 | 7,847 | ||
| Operating loss: | (29,482) | (35,294) | (31,592) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (1,550) | (2,006) | (2,590) | ||
| Loss from continuing operations before income taxes: | (31,032) | (37,300) | (34,182) | ||
| Income tax benefit | 245 | 700 | 1,952 | ||
| Loss from continuing operations: | (30,787) | (36,600) | (32,230) | ||
| Loss before gain (loss) on sale of properties: | (30,787) | (36,600) | (32,230) | ||
| Net loss attributable to parent: | (30,787) | (36,600) | (32,230) | ||
| Preferred stock dividends and other adjustments | (7,748) | ||||
| Net loss available to common stockholders, diluted: | (38,535) | (36,600) | (32,230) | ||
Comprehensive Income ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|
| Net loss: | (30,787) | (36,600) | (32,230) | ||
| Comprehensive loss, net of tax, attributable to parent: | (30,787) | (36,600) | (32,230) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.