DarkPulse, Inc. (DPLS) Financial Statements (2024 and earlier)

Company Profile

Business Address 815 WALKER STREET
HOUSTON, TX 77002
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0603,65901722
Cash and cash equivalents2,0603,65901722
Receivables2,9524,224    
Inventory, net of allowances, customer advances and progress billings24865    
Inventory24865    
Prepaid expense    11 
Contract with customer, asset, after allowance for credit loss 1,440    
Other current assets  181    
Other undisclosed current assets499498    
Total current assets:6,9759,42702732
Noncurrent Assets
Operating lease, right-of-use asset2,7242,038  
Property, plant and equipment1,9342,371    
Long-term investments and receivables 47     
Long-term investments 47     
Intangible assets, net (including goodwill)6,85220,975394445487317
Goodwill 6,46217,089    
Intangible assets, net (excluding goodwill)3903,887394445487317
Other noncurrent assets6902839111671 
Other undisclosed noncurrent assets2,817343    
Total noncurrent assets:15,06426,010485562558317
Other undisclosed assets (0)     
TOTAL ASSETS:22,03935,436486563631319
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  1,090821403714
Interest and dividends payable    3
Accounts payable  52032459167
Accrued liabilities  570497344544
Deferred revenue 2,2153,217 42
Debt2,9872,3789311,033601 
Derivative instruments and hedges, liabilities3065341,2211,276654 
Due to related parties   44 38
Other liabilities4722,024  42 
Other undisclosed current liabilities12,55611,395  44 
Total current liabilities:18,53819,5483,2423,2161,744752
Noncurrent Liabilities
Long-term debt and lease obligation1,2833,6471,1761,1551,102 
Long-term debt, excluding current maturities1,2831,1721,1761,1551,102 
Liabilities, other than long-term debt2,548676    
Other liabilities  676    
Operating lease, liability2,5482,475  
Total noncurrent liabilities:3,8314,3231,1761,1551,102 
Other undisclosed liabilities      
Total liabilities:22,36823,8714,4184,3712,846752
Equity
Equity, attributable to parent, including:(329)9,207(3,932)(3,808)(2,215)(432)
Preferred stock  1111 
Common stock64352040913,920897613
Treasury stock, value(1)(1)(1)(1)(1)(1)
Additional paid in capital44,60220,2491,806(11,878)85918,389
Accumulated other comprehensive income (loss)(1,138)(284)316337390 
Accumulated deficit(46,555)(11,276)(6,450)(6,174)(4,349)(19,439)
Other undisclosed equity, attributable to parent 2,120 (12)(12)(12)5
Equity, attributable to noncontrolling interest  2,358    
Other undisclosed equity      
Total equity:(329)11,566(3,932)(3,808)(2,215)(432)
TOTAL LIABILITIES AND EQUITY:22,03935,436486563631319

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues9,1007,783    
Cost of revenue(14,544)(6,685)    
Gross profit:(5,443)1,098    
Operating expenses(29,621)(9,946)(259)(546)(2,539)(461)
Other undisclosed operating income      
Operating loss:(35,064)(8,848)(259)(546)(2,539)(461)
Nonoperating income (expense)(454)4,022(17)(1,279)(779) 
Interest and debt expense(36)(53)(49)(53)(532)238
Loss from continuing operations before equity method investments, income taxes:(35,554)(4,879)(325)(1,878)(3,850)(223)
Other undisclosed loss from continuing operations before income taxes      (1)
Loss from continuing operations before income taxes:(35,554)(4,879)(325)(1,878)(3,850)(224)
Income tax expense      (39)
Loss from continuing operations:(35,554)(4,879)(325)(1,878)(3,850)(263)
Loss before gain (loss) on sale of properties:(4,879)(325)(1,878)(3,850)(263)
Other undisclosed net income36534953532 
Net loss:(35,518)(4,826)(276)(1,825)(3,318)(263)
Net income attributable to noncontrolling interest239134    
Other undisclosed net income (loss) attributable to parent     77
Net loss attributable to parent:(35,279)(4,693)(276)(1,825)(3,318)(185)
Other undisclosed net loss available to common stockholders, basic      
Net loss available to common stockholders, diluted:(35,279)(4,693)(276)(1,825)(3,318)(185)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(35,518)(4,826)(276)(1,825)(3,318)(263)
Other comprehensive loss   (297)(1,754)(3,227) 
Comprehensive loss:(35,518)(4,826)(573)(3,580)(6,545)(263)
Comprehensive income, net of tax, attributable to noncontrolling interest239134    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1,092)27    
Comprehensive loss, net of tax, attributable to parent:(36,371)(4,666)(573)(3,580)(6,545)(263)

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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