CFN Enterprises Inc. (CNFN) Financial Statements (2024 and earlier)

Company Profile

Business Address 600 E. 8TH STREET
WHITEFISH, MT 59937
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments791221716010827
Cash and cash equivalents791217016010827
Short-term investments   47   
Restricted cash and investments20202020 50
Receivables942281429732,082
Inventory, net of allowances, customer advances and progress billings1,796 15839  
Inventory1,796 15839  
Other undisclosed current assets   115154255
Total current assets:2,838616522431852,414
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   664  
Property, plant and equipment156545,1368352
Intangible assets, net (including goodwill)      (4,725)
Intangible assets, net (excluding goodwill)      (4,725)
Other noncurrent assets      108
Other undisclosed noncurrent assets5,303817242200 4,725
Total noncurrent assets:5,4598716,0422083160
TOTAL ASSETS:8,2979316,6934501882,574
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,8474,7011,9979472623,018
Accounts payable3,0192,358    
Accrued liabilities3,8282,3441,675   
Other undisclosed accounts payable and accrued liabilities   3229472623,018
Deferred revenue48411 2616
Debt8,2723,0882,220188 3,399
Disposal group, including discontinued operation80808080100 
Due to related parties 495   
Contract with customer, liability444
Other undisclosed current liabilities1,5319832,504   
Total current liabilities:17,2148,8647,2961,2413776,861
Noncurrent Liabilities
Long-term debt and lease obligation1289784757154848,162
Long-term debt, excluding current maturities128978 7154848,162
Liabilities, other than long-term debt1,547201   1,024
Due to related parties    387
Other liabilities      638
Operating lease, liability1,547201475  
Other undisclosed noncurrent liabilities   842   
Total noncurrent liabilities:1,6761,1791,7937154849,186
Total liabilities:18,89010,0439,0891,95686116,047
Equity
Equity, attributable to parent, including:(13,431)(9,172)(2,396)(1,505)(674)(13,473)
Common stock82383210510066
Additional paid in capital60,91049,78646,39934,28234,03129,498
Accumulated other comprehensive income (loss)    84(83)(77)
Accumulated deficit(74,423)(58,996)(48,834)(36,384)(34,721)(42,960)
Other undisclosed equity, attributable to parent   74090 
Other undisclosed equity00    
Total equity:(13,431)(9,172)(2,396)(1,505)(674)(13,473)
TOTAL LIABILITIES AND EQUITY:5,4598716,6934501882,574

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,5384,3173,15850686521,730
Cost of revenue(3,023)(6,512)(3,540)(537)(865)(9,076)
Gross profit:515(2,195)(382)(30)012,654
Operating expenses(14,307)(6,158)(12,047)(1,199)(6,012)(21,491)
Other undisclosed operating loss  (100)    
Operating loss:(13,793)(8,452)(12,429)(1,230)(6,012)(8,837)
Nonoperating income (expense)(1,394)(1,470)225(113)(14)(2,580)
Interest and debt expense48(694)(173)(71)(14)(943)
Loss from continuing operations before equity method investments, income taxes:(15,139)(10,617)(12,377)(1,414)(6,040)(12,361)
Other undisclosed income from continuing operations before income taxes   1737114 
Loss from continuing operations:(15,139)(10,617)(12,204)(1,343)(6,026)(12,361)
Loss before gain (loss) on sale of properties:(12,204)(1,423)(6,105)(12,361)
Loss from discontinued operations    (80)(80) 
Other undisclosed net income (loss)(48)694    
Net loss:(15,187)(9,922)(12,204)(1,423)(6,105)(12,361)
Net income attributable to noncontrolling interest  20    
Other undisclosed net income (loss) attributable to parent (27)(246) 14,471943
Net income (loss) attributable to parent:(15,187)(9,929)(12,450)(1,423)8,366(11,417)
Preferred stock dividends and other adjustments(240)(240)(240)(240)(127) 
Other undisclosed net income available to common stockholders, basic240247240   
Net income (loss) available to common stockholders, diluted:(15,187)(9,922)(12,450)(1,663)8,239(11,417)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(15,187)(9,922)(12,204)(1,423)(6,105)(12,361)
Comprehensive loss:(15,187)(9,922)(12,204)(1,423)(6,105)(12,361)
Comprehensive income, net of tax, attributable to noncontrolling interest  20    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (246)(0)14,465908
Comprehensive income (loss), net of tax, attributable to parent:(15,187)(9,902)(12,450)(1,424)8,359(11,453)

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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