Axion Power International Inc (AXPW) Financial Statements (2024 and earlier)

Company Profile

Business Address 3601 CLOVER LANE
NEW CASTLE, PA 16105
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0073,4361,1692,004
Cash and cash equivalents1,0073,4361,1692,004
Restricted cash and investments 7,150   
Receivables1310563771
Inventory, net of allowances, customer advances and progress billings2801,1372,2512,839
Inventory2801,1372,2512,839
Other current assets378194281
Prepaid expense and other current assets173
Other undisclosed current assets  3,78022
Total current assets:8,8284,7778,0445,810
Noncurrent Assets
Property, plant and equipment1,7722,0736,6997,963
Other undisclosed noncurrent assets   2941
Total noncurrent assets:1,7722,0736,7288,004
TOTAL ASSETS:10,5996,85014,77113,814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities361336420582
Accounts payable361336420582
Debt371105105114
Deferred compensation liability  52  
Derivative instruments and hedges, liabilities    
Other liabilities790293353306
Other undisclosed current liabilities7,245292,683 
Total current liabilities:8,7678153,5601,001
Noncurrent Liabilities
Long-term debt and lease obligation  105220331
Long-term debt, excluding current maturities  105220331
Liabilities, other than long-term debt 2,1542,9869221,264
Deferred revenue and credits  569221,262
Derivative instruments and hedges, liabilities 2,1542,930 1
Other undisclosed noncurrent liabilities   518 
Total noncurrent liabilities: 2,1543,0911,6611,595
Total liabilities:10,9213,9065,2212,596
Equity
Equity, attributable to parent, including:(321)2,9449,55011,218
Common stock20361811
Additional paid in capital122,556118,416106,30296,013
Accumulated other comprehensive loss    
Accumulated deficit(122,646)(115,256)(96,518) 
Other undisclosed equity, attributable to parent (252)(252)(252)(84,807)
Total equity:(321)2,9449,55011,218
TOTAL LIABILITIES AND EQUITY:10,5996,85014,77113,814

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
6004,64810,1879,780
Cost of revenue
(Cost of Goods and Services Sold)
    (9,044)
Other undisclosed gross profit(2,834)(6,980)(11,978) 
Gross profit:(2,233)(2,332)(1,791)735
Operating expenses(3,961)(9,124)(7,364)(9,287)
Other undisclosed operating income (loss)40259924 
Operating loss:(5,792)(11,396)(8,231)(8,552)
Nonoperating income (expense)
(Debt Instrument, Convertible, Beneficial Conversion Feature)
 01,512 
Interest and debt expense(119)(80)(1,977)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,478)(7,262)(3,267)16
Loss from continuing operations before income taxes:(7,390)(18,738)(11,963)(8,553)
Income tax benefit3,0044,690 3,520
Loss from continuing operations:(4,386)(14,048)(11,963)(5,033)
Loss before gain (loss) on sale of properties:(4,386)(14,048)(11,963)(5,033)
Net loss:(4,386)(14,048)(11,963)(5,033)
Other undisclosed net loss attributable to parent(3,004)(4,690)  
Net loss attributable to parent:(7,390)(18,738)(11,963)(5,033)
Other undisclosed net loss available to common stockholders, basic    (3,520)
Net loss available to common stockholders, diluted:(7,390)(18,738)(11,963)(8,553)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(4,386)(14,048)(11,963)(5,033)
Other comprehensive loss  (18,738)(11,963)(8,553)
Comprehensive loss:(4,386)(32,787)(23,926)(13,587)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3,004)14,04811,963 
Comprehensive loss, net of tax, attributable to parent:(7,390)(18,738)(11,963)(13,587)

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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