Boomerang Systems Inc (BMER) financial statements (2022 and earlier)

Company profile

Business Address 30 B VREELAND ROAD
FLORHAM PARK, NJ 07932
State of Incorp. DE
Fiscal Year End September 30
SIC 351 - Engines And Turbines (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2014
9/30/2013
9/30/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9596372,079
Cash and cash equivalents9596372,079
Restricted cash and investments  82
Receivables863771
Inventory, net of allowances, customer advances and progress billings691516308
Inventory691516308
Prepaid expense and other current assets59
Costs in excess of billings 381476
Other undisclosed current assets389118 
Total current assets:2,9011,6593,074
Noncurrent Assets
Property, plant and equipment2,1802,4832,705
Long-term investments and receivables  230
Long-term investments  230
Other undisclosed noncurrent assets212121
Total noncurrent assets:2,2002,5032,956
TOTAL ASSETS:5,1024,1636,030
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,7522,1801,889
Accounts payable1,959  
Accrued liabilities172  
Employee-related liabilities677333 
Interest and dividends payable944  
Other undisclosed accounts payable and accrued liabilities 1,8471,889
Debt9011588
Provision for loss on contracts33784503
Due to related parties530  
Billings in excess of cost3,688 5
Other undisclosed current liabilities155418301
Total current liabilities:8,5512,7962,786
Noncurrent Liabilities
Long-term debt and lease obligation10,8696,3993,097
Long-term debt, excluding current maturities10,8696,3993,097
Liabilities, other than long-term debt8,18416,93715,402
Due to related parties7,5255,1702,332
Derivative instruments and hedges, liabilities65911,76813,070
Total noncurrent liabilities:19,05423,33718,498
Total liabilities:27,60526,13321,285
Stockholders' equity
Stockholders' equity attributable to parent(22,503)(21,970)(15,255)
Common stock987
Additional paid in capital61,61759,48154,972
Accumulated deficit(84,129)(81,459)(70,235)
Total stockholders' equity:(22,503)(21,970)(15,255)
TOTAL LIABILITIES AND EQUITY:5,1024,1636,030

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

9/30/2014
9/30/2013
9/30/2012
Revenues
(Revenue, Net)
5,4472,7181,145
Cost of revenue
(Cost of Goods and Services Sold)
(8,444)(2,613)(2,818)
Gross profit:(2,997)105(1,673)
Operating expenses(4,752)(7,827)(10,566)
Operating loss:(7,749)(7,722)(12,239)
Nonoperating income (expense)5,087(3,496)(5,181)
Interest and debt expense(2,071)(1,343)(756)
Loss from continuing operations before equity method investments, income taxes:(4,733)(12,561)(18,176)
Loss from equity method investments (404)(156)
Other undisclosed income from continuing operations before income taxes2,0711,747912
Loss from continuing operations before income taxes:(2,662)(11,218)(17,420)
Income tax expense(7)(7)(2)
Net loss available to common stockholders, diluted:(2,669)(11,225)(17,422)

Comprehensive Income ($ in thousands)

9/30/2014
9/30/2013
9/30/2012
Net loss:(2,669)(11,225)(17,422)
Comprehensive loss, net of tax, attributable to parent:(2,669)(11,225)(17,422)

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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