BioSig Technologies, Inc. (BSGM) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
55 GREENS FARMS ROAD WESTPORT, CT 06880 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 400 | 11,700 | 28,268 | 12,109 | 4,450 | 1,548 | 1,056 | ||
| Cash and cash equivalents | 400 | 11,700 | 28,268 | 12,109 | 4,450 | 1,548 | 1,056 | ||
| Receivables | 9 | ||||||||
| Inventory, net of allowances, customer advances and progress billings | 336 | 1,881 | 768 | 578 | |||||
| Inventory | 336 | 1,881 | 768 | 578 | |||||
| Prepaid expense | 325 | 354 | 301 | 141 | 178 | 117 | 134 | ||
| Other current assets | 301 | ||||||||
| Other undisclosed current assets | 58 | (41) | (301) | ||||||
| Total current assets: | 1,128 | 13,894 | 29,337 | 12,827 | 4,629 | 1,665 | 1,190 | ||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 1,141 | ||||||||
| Operating lease, right-of-use asset | 705 | 604 | 306 | 714 | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 665 | 652 | 289 | 180 | 44 | 19 | 24 | ||
| Intangible assets, net (including goodwill) | 308 | 327 | 347 | 366 | 270 | ||||
| Intangible assets, net (excluding goodwill) | 308 | 327 | 347 | 366 | 270 | ||||
| Prepaid expense | 5 | 27 | |||||||
| Deposits noncurrent assets | 42 | 102 | 102 | 54 | 17 | 28 | |||
| Other noncurrent assets | 44 | ||||||||
| Other undisclosed noncurrent assets | 119 | 0 | |||||||
| Total noncurrent assets: | 2,982 | 1,625 | 1,049 | 1,390 | 368 | 36 | 52 | ||
| TOTAL ASSETS: | 4,110 | 15,519 | 30,386 | 14,217 | 4,997 | 1,700 | 1,242 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,852 | 2,179 | 955 | 473 | 373 | ||||
| Settlement liabilities | ✕ | 613 | 13 | 13 | 13 | ||||
| Interest and dividends payable | ✕ | 82 | 243 | ||||||
| Employee-related liabilities | ✕ | 552 | 395 | ||||||
| Accounts payable | 120 | ||||||||
| Accrued liabilities | 1,519 | 243 | 63 | 94 | 123 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,213 | 689 | 241 | 366 | 236 | ||||
| Deferred revenue | 5 | 32 | ✕ | ✕ | ✕ | ||||
| Derivative instruments and hedges, liabilities | 2,358 | 1,937 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 3 | |||
| Due to related parties | 86 | 317 | 40 | 32 | 27 | 16 | |||
| Other liabilities | 120 | ||||||||
| Other undisclosed current liabilities | 284 | 279 | 4,791 | 1,990 | 211 | 1,106 | 630 | ||
| Total current liabilities: | 3,261 | 2,576 | 5,108 | 2,030 | 1,198 | 3,965 | 2,959 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 373 | 1 | 311 | ||||||
| Liabilities, other than long-term debt | 452 | 5 | |||||||
| Deferred revenue | 5 | ✕ | ✕ | ✕ | |||||
| Operating lease, liability | 452 | 373 | 1 | 311 | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 5,108 | 2,030 | |||||||
| Total noncurrent liabilities: | 452 | 378 | 5,109 | 2,341 | |||||
| Other undisclosed liabilities | (5,108) | (2,030) | |||||||
| Total liabilities: | 3,713 | 2,954 | 5,109 | 2,341 | 1,198 | 3,965 | 2,959 | ||
| Commitments and contingencies | 30 | ||||||||
| Temporary equity, carrying amount | 105 | 105 | 105 | 215 | 475 | 985 | 1,070 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | 313 | 12,241 | 24,370 | 11,147 | 3,324 | (3,250) | (2,787) | ||
| Common stock | 55 | 36 | 31 | 23 | 17 | 29 | 23 | ||
| Common stock, share subscribed but unissued, subscriptions receivable | (30) | ||||||||
| Additional paid in capital | 216,232 | 201,127 | 181,344 | 115,910 | 74,039 | 53,216 | 41,019 | ||
| Accumulated deficit | (215,974) | (188,922) | (157,005) | (104,787) | (70,732) | (56,525) | (43,829) | ||
| Other undisclosed equity, attributable to parent | 30 | 30 | |||||||
| Equity, attributable to noncontrolling interest | (21) | 219 | 802 | 515 | |||||
| Other undisclosed equity | (0) | ||||||||
| Total equity: | 292 | 12,460 | 25,172 | 11,661 | 3,324 | (3,250) | (2,787) | ||
| Other undisclosed liabilities and equity | (30) | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 4,110 | 15,519 | 30,386 | 14,217 | 4,997 | 1,700 | 1,242 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 286 | 441 | ||||||
| Sales-type lease, revenue | 254 | ✕ | ✕ | ✕ | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (57) | (199) | ||||||
| Gross profit: | 229 | 242 | ||||||
| Operating expenses | (27,494) | (33,653) | (59,184) | (34,604) | (17,262) | (12,906) | (11,164) | |
| Other undisclosed operating loss | (0) | |||||||
| Operating loss: | (27,265) | (33,411) | (59,184) | (34,604) | (17,262) | (12,906) | (11,164) | |
| Nonoperating expense | (423) | |||||||
| Interest and debt expense | 553 | |||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 44 | 133 | 11 | 211 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (27,265) | (32,858) | (59,140) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Other undisclosed income from continuing operations before income taxes | 3 | 2 | ||||||
| Loss from continuing operations before income taxes: | (27,262) | (32,856) | (59,140) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Other undisclosed loss from continuing operations | (44) | |||||||
| Loss from continuing operations: | (27,262) | (32,856) | (59,184) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Loss before gain (loss) on sale of properties: | ✕ | (32,856) | (59,184) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Other undisclosed net income | 44 | |||||||
| Net loss: | (27,262) | (32,856) | (59,140) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Net income (loss) attributable to noncontrolling interest | 210 | 939 | 6,922 | (416) | ||||
| Other undisclosed net income attributable to parent | 0 | 807 | ||||||
| Net loss attributable to parent: | (27,052) | (31,917) | (52,218) | (34,080) | (17,251) | (12,696) | (11,587) | |
| Preferred stock dividends and other adjustments | (210) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (9) | (9) | (14) | (416) | (885) | (120) | (110) | |
| Net loss available to common stockholders, basic: | (27,271) | (31,926) | (52,232) | (34,496) | (18,136) | (12,816) | (11,697) | |
| Convertible preferred dividends | 117 | |||||||
| Net loss available to common stockholders, diluted: | (27,271) | (31,926) | (52,232) | (34,496) | (18,136) | (12,699) | (11,697) | |
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (27,262) | (32,856) | (59,140) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Comprehensive loss: | (27,262) | (32,856) | (59,140) | (34,471) | (17,251) | (12,696) | (11,587) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 210 | 939 | 6,922 | (416) | ||||
| Comprehensive loss, net of tax, attributable to parent: | (27,052) | (31,917) | (52,218) | (34,887) | (17,251) | (12,696) | (11,587) | |
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.