I-ON Digital Corp. (IONI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1244 N. STONE ST.
CHICAGO, IL 60610
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2082 - Malt Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4,4225,2922,0542,451 
Cash and cash equivalents 3,7064,5211,3381,709 
Short-term investments  716771716741 
Restricted cash and investments     1,699 
Receivables  5,4263,1443,0732,718525
Inventory, net of allowances, customer advances and progress billings      291
Inventory      291
Prepaid expense     26
Deposits current assets      47
Deferred tax assets66 
Other undisclosed current assets  2,5923,1202,929857 
Total current assets: 12,44111,5578,0567,791888
Noncurrent Assets
Property, plant and equipment  1051182041641,597
Long-term investments and receivables   102105103 
Long-term investments   102105103 
Intangible assets, net (including goodwill) 439232193136 
Intangible assets, net (excluding goodwill) 439232193136 
Derivative instruments and hedges    106  
Deposits noncurrent assets  738396354358 
Other noncurrent assets      215
Deferred tax assets, net1,212 
Other undisclosed noncurrent assets  684756774109 
Total noncurrent assets: 1,9661,6041,7362,0821,812
TOTAL ASSETS: 14,40613,1609,7939,8732,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,1482,7281,8701,295504
Taxes payable282265116129 
Employee-related liabilities    55
Accounts payable  32062749375388
Accrued liabilities 2,5461,8351,70579161
Debt  337712669716332
Deferred revenue and credits14
Due to related parties     2,223
Customer advances and deposits97
Other undisclosed current liabilities 30424  20
Total current liabilities: 3,5163,8642,5402,0103,191
Noncurrent Liabilities
Long-term debt and lease obligation    194402 
Long-term debt, excluding current maturities    194402 
Liabilities, other than long-term debt      12
Deferred tax liabilities, net 12
Other undisclosed noncurrent liabilities     25 
Total noncurrent liabilities:    19442712
Total liabilities: 3,5163,8642,7342,4383,202
Equity
Equity, attributable to parent 9,9638,8156,5787,435(502)
Preferred stock      0
Common stock244440
Treasury stock, value  (709)(709)(709)(709) 
Additional paid in capital2,6893,7133,7133,6473,5833,511
Accumulated other comprehensive income (loss)  (727)290(260)(52) 
Retained earnings (accumulated deficit)(2,691)7,6825,5183,8974,610(4,014)
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest     0 
Other undisclosed equity  928481480  
Total equity: 10,8909,2967,0597,435(502)
TOTAL LIABILITIES AND EQUITY: 14,40613,1609,7939,8732,700

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues 16,20010,4727,9547,0922,337
Revenue, net2,337
Cost of revenue (10,835)(6,078)(5,520)(5,259)(2,350)
Other undisclosed gross profit      (0)
Gross profit: 5,3654,3932,4341,832(13)
Operating expenses (3,559)(2,697)(2,710)(2,264)(1,370)
Operating income (loss): 1,8061,697(276)(432)(1,383)
Nonoperating income (expense) (8,146)(121)11(155)124(63)
Investment income, nonoperating (8,146)464552  
Gain (loss), foreign currency transaction, before tax  (28)(2)15  
Other nonoperating income (expense)  (139)(25)35147(63)
Interest and debt expense    (216)(23)(63)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   2162363
Income (loss) from continuing operations before equity method investments, income taxes:(8,146)1,6851,707(431)(308)(1,446)
Loss from equity method investments     (34) 
Other undisclosed income from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(8,146)1,6851,707(431)(341)(1,446)
Income tax expense (benefit)  307(87)(276)423(6)
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(8,146)1,9921,621(707)82(1,452)
Income (loss) before gain (loss) on sale of properties:1,9921,621(707)82(1,452)
Income from discontinued operations28     
Other undisclosed net income7,817     
Net income (loss):(301)1,9921,621(707)82(1,452)
Net income (loss) attributable to noncontrolling interest  172(0)(5)0 
Other undisclosed net income (loss) attributable to parent     30
Net income (loss) available to common stockholders, diluted:(301)2,1641,620(712)82(1,422)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(301)1,9921,621(707)82(1,452)
Other undisclosed comprehensive income (loss) (1,691)(1,016)550(213)(326) 
Comprehensive income (loss):(1,992)9762,171(920)(244)(1,452)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  172(0)(5)0 
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:(1,992)1,1472,170(925)(244)(1,452)

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.

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