Brain Scientific, Inc. (BRSF) financial statements (2021 and earlier)

Company profile

Business Address 125 WILBUR PLACE, SUITE 170
BOHEMIA, NY 11716
State of Incorp. NV
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7668282612227
Cash and cash equivalents7668282612227
Receivables577676
Inventory, net of allowances, customer advances and progress billings400  1
Inventory400  1
Prepaid expense1111  
Other undisclosed current assets971010222220
Total current assets:18285462895254
Noncurrent Assets
Property, plant and equipment111222
Total noncurrent assets:111222
TOTAL ASSETS:18386472915456
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:835671495299264203
Other undisclosed accounts payable and accrued liabilities835671495299264203
Debt918700481499374219
Derivative instruments and hedges, liabilities2,4681,993572   
Due to related parties323325323323297265
Other liabilities   676
Other undisclosed current liabilities47179591818
Total current liabilities:4,5903,7061,8801,187960712
Noncurrent Liabilities
Long-term debt and lease obligation42     
Operating lease, liability42     
Liabilities, other than long-term debt    13
Other liabilities    13
Other undisclosed noncurrent liabilities(42)     
Total noncurrent liabilities:42   13
Total liabilities:4,6323,7061,8801,187961716
Stockholders' equity
Stockholders' equity attributable to parent(4,450)(3,620)(1,832)(896)(907)(660)
Common stock191919191919
Additional paid in capital2,9162,8012,7732,7572,6082,605
Accumulated other comprehensive income (loss)(0)(0)(1)0(0)0
Accumulated deficit(7,385)(6,440)(4,624)(3,672)(3,535)(3,285)
Total stockholders' equity:(4,450)(3,620)(1,832)(896)(907)(660)
TOTAL LIABILITIES AND EQUITY:18386472915456

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues1458713425215975
Cost of revenue
(Cost of Goods and Services Sold)
(119)(63)(105)(212)(128)(47)
Gross profit:262429413128
Operating expenses(491)(378)(481)(178)(266)(224)
Other undisclosed operating income 0    
Operating loss:(464)(354)(452)(137)(235)(196)
Nonoperating income (expense)(481)(1,462)(500)2(14)(11)
Interest and debt expense(176)(1,183)(454)(0)(14)(11)
Other undisclosed income from continuing operations before equity method investments, income taxes1761,18345401411
Loss from continuing operations before income taxes:(945)(1,816)(952)(135)(250)(206)
Other undisclosed loss from continuing operations   (2)  
Net loss:(945)(1,816)(952)(137)(250)(206)
Other undisclosed net income attributable to parent 0    
Net loss available to common stockholders, diluted:(945)(1,816)(952)(137)(250)(206)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net loss:(945)(1,816)(952)(137)(250)(206)
Other undisclosed comprehensive income     0
Comprehensive loss:(945)(1,816)(952)(137)(250)(206)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(351)(1)0(0) 
Comprehensive loss, net of tax, attributable to parent:(945)(2,167)(953)(137)(250)(206)

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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