ANDOVER NATIONAL CORP Financial Statements (2025 and earlier)
Company Profile
| Business Address |
333 AVENUE OF THE AMERICAS MIAMI, FL 33131 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 14,303 | 11,408 | 369 | |||
| Cash and cash equivalents | 14,303 | 11,408 | 369 | |||
| Receivables | 491 | 161 | ||||
| Inventory, net of allowances, customer advances and progress billings | ||||||
| Inventory | ||||||
| Contract with customer, asset, after allowance for credit loss | ||||||
| Other undisclosed current assets | 50 | 32 | ||||
| Total current assets: | 14,843 | 11,600 | 369 | |||
| Noncurrent Assets | ||||||
| Operating lease, right-of-use asset | 259 | 220 | ✕ | |||
| Property, plant and equipment | 2,148 | 246 | ||||
| Intangible assets, net (including goodwill) | 11,881 | 6,191 | ||||
| Goodwill | 7,913 | 4,310 | ||||
| Intangible assets, net (excluding goodwill) | 3,968 | 1,881 | ||||
| Total noncurrent assets: | 14,287 | 6,657 | ||||
| TOTAL ASSETS: | 29,130 | 18,258 | 369 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 685 | 588 | 281 | |||
| Taxes payable | 78 | 200 | ||||
| Employee-related liabilities | 26 | 14 | ||||
| Accounts payable | 317 | 139 | 281 | |||
| Accrued liabilities | 198 | 235 | ||||
| Other undisclosed accounts payable and accrued liabilities | 67 | |||||
| Deferred revenue | ✕ | |||||
| Debt | 386 | 43 | ||||
| Due to related parties | ||||||
| Other undisclosed current liabilities | 1,658 | 200 | ||||
| Total current liabilities: | 2,729 | 831 | 281 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 753 | |||||
| Long-term debt, excluding current maturities | 753 | |||||
| Liabilities, other than long-term debt | ||||||
| Due to related parties | ||||||
| Other undisclosed noncurrent liabilities | 523 | 477 | ||||
| Total noncurrent liabilities: | 1,277 | 477 | ||||
| Total liabilities: | 4,006 | 1,308 | 281 | |||
| Temporary equity, carrying amount | 3,266 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | 19,148 | 14,222 | 88 | |||
| Additional paid in capital | 25,704 | 17,555 | 1,040 | |||
| Accumulated deficit | (6,559) | (3,334) | (956) | |||
| Other undisclosed equity, attributable to parent | 2 | 2 | 4 | |||
| Equity, attributable to noncontrolling interest | 2,711 | 2,727 | ||||
| Total equity: | 21,859 | 16,950 | 88 | |||
| TOTAL LIABILITIES AND EQUITY: | 29,130 | 18,258 | 369 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|
| Revenues | 7,703 | 19 | |||
| Cost of revenue | (25) | (18) | |||
| Cost of goods and services sold | (18) | ||||
| Provision for loan, lease, and other losses | (25) | ||||
| Gross profit: | 7,678 | 0 | |||
| Operating expenses | (11,048) | (537) | |||
| Other undisclosed operating income | 25 | 18 | |||
| Operating loss: | (3,345) | (518) | |||
| Nonoperating income | 226 | ||||
| Investment income, nonoperating | 35 | ||||
| Other nonoperating income | 191 | ||||
| Interest and debt expense | (7) | (18) | |||
| Loss from continuing operations: | (3,126) | (536) | |||
| Loss before gain (loss) on sale of properties: | (3,126) | (536) | |||
| Other undisclosed net income | 6 | ||||
| Net loss: | (3,120) | (536) | |||
| Net income (loss) attributable to noncontrolling interest | (105) | ||||
| Net loss available to common stockholders, diluted: | (3,225) | (536) | |||
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|
| Net loss: | (3,120) | (536) | |||
| Comprehensive loss: | (3,120) | (536) | |||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (105) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (3,225) | (536) | |||
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.