Abakan Inc (ABKI) financial statements (2020 and earlier)

Company profile

Business Address 2665 S. BAYSHORE DRIVE
MIAMI, FL 33133
State of Incorp. NV
Fiscal Year End May 31
SIC 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

5/31/2015
Q4
2/28/2015
Q3
11/30/2014
Q2
8/31/2014
Q1
5/31/2014
Q4
2/28/2014
Q3
11/30/2013
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments232711,548104316091
Cash and cash equivalents232711,548104316091
Receivables6714079100119114145
Inventory, net of allowances, customer advances and progress billings353535   
Inventory353535    
Prepaid expense365814719118619056
Deferred costs1612141414148
Other undisclosed current assets(16)(12)(14)(14)(14)  
Total current assets:1615031,809395336378301
Noncurrent Assets
Property, plant and equipment5,1405,2715,3705,5285,5405,5765,671
Intangible assets, net (including goodwill)571364364364364364364
Goodwill364364364364364364364
Intangible assets, net (excluding goodwill)206      
Other undisclosed noncurrent assets8,3498,5358,4408,4108,4448,5568,632
Total noncurrent assets:14,06014,17114,17514,30214,34814,49714,668
TOTAL ASSETS:14,22114,67415,98414,69714,68414,87514,968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1851,9651,7602,2342,2052,9742,298
Accounts payable1,6041,0351,0831,5651,5521,7731,463
Accrued liabilities1,5819306776696521,201834
Debt6,7755,1805,4395,5414,8524,4474,395
Deferred revenue and credits 150    293
Other undisclosed current liabilities1,4041,2541,1631,3651,206828648
Total current liabilities:11,3658,5508,3629,1418,2638,2507,634
Noncurrent Liabilities
Long-term debt and lease obligation479701,0291,0641,1101,5401,191
Long-term debt, excluding current maturities 9219781,0121,0561,4831,131
Capital lease obligations47495052545859
Total noncurrent liabilities:479701,0291,0641,1101,5401,191
Total liabilities:11,4119,5199,39110,2059,3749,7908,825
Stockholders' equity
Stockholders' equity attributable to parent2,79129,10528,85624,87724,53722,19321,793
Common stock8887766
Additional paid in capital29,73929,09728,84824,87024,53022,18721,787
Accumulated other comprehensive income (loss)(1)1     
Accumulated deficit(26,954)      
Stockholders' equity attributable to noncontrolling interest13911612442981,1301,454
Other undisclosed stockholders' equity5(24,042)(22,424)(20,628)(19,525)(18,239)(17,103)
Total stockholders' equity:2,8105,1556,5934,4935,3105,0846,144
TOTAL LIABILITIES AND EQUITY:14,22114,67415,98414,69714,68414,87514,968

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

5/31/2015
Q4
2/28/2015
Q3
11/30/2014
Q2
8/31/2014
Q1
5/31/2014
Q4
2/28/2014
Q3
11/30/2013
Q2
Revenues267295151327408164194
Revenue, net267295151327408164194
Other operating income  (109)(157)   
Cost of revenue(140)(211)(105)(107)(33)(78)(107)
Gross profit:12784462203758687
Operating expenses(2,167)(1,738)(1,596)(1,468)(1,611)(1,646)(1,775)
Operating loss:(2,040)(1,654)(1,550)(1,247)(1,236)(1,560)(1,688)
Nonoperating income (expense)
(Investment Income, Nonoperating)
(1,268)(78)0 (73)(153)(139)
Interest and debt expense411391281331317960
Loss from continuing operations before equity method investments, income taxes:(3,268)(1,593)(1,422)(1,114)(1,178)(1,633)(1,766)
Other undisclosed income (loss) from continuing operations before income taxes268(139)(237)(290)(131)(79)(60)
Loss before gain (loss) on sale of properties:(2,999)(1,732)(1,658)(1,404)(1,309)(1,713)(1,827)
Other undisclosed net income (loss)   782(4,613)  
Net loss:(2,999)(1,732)(1,658)(622)(5,923)(1,713)(1,827)
Net loss attributable to noncontrolling interest(92)(84)(97)(68)(287)(341)(403)
Other undisclosed net income (loss) attributable to parent184168194(646)5,187682826
Net loss available to common stockholders, diluted:(2,907)(1,648)(1,561)(1,336)(1,022)(1,372)(1,404)

Comprehensive Income ($ in thousands)

5/31/2015
Q4
2/28/2015
Q3
11/30/2014
Q2
8/31/2014
Q1
5/31/2014
Q4
2/28/2014
Q3
11/30/2013
Q2
Net loss:(2,999)(1,732)(1,658)(622)(5,923)(1,713)(1,827)
Other undisclosed comprehensive income7,792      
Comprehensive income (loss):4,793(1,732)(1,658)(622)(5,923)(1,713)(1,827)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(591)849768287341403
Comprehensive income (loss), net of tax, attributable to parent:4,202(1,648)(1,561)(554)(5,636)(1,372)(1,424)

Statements sources

The financial statements are based on the company's filings with the 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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