Drone Aviation Holding Corp (DRNE) financial statements (2021 and earlier)

Company profile

Business Address 11651 CENTRAL PARKWAY #118
JACKSONVILLE, FL 32224
State of Incorp. NV
Fiscal Year End December 31
SIC 3721 - Aircraft (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6256762,7602,282179430939
Cash and cash equivalents1,6256762,7602,282179430939
Receivables1,6311,373251866 44
Inventory, net of allowances, customer advances and progress billings8271,4606053081,762926647
Inventory8271,4606053081,762926647
Prepaid expense38719425990   
Other undisclosed current assets    1006691
Total current assets:4,4703,7023,6492,6982,1061,4211,721
Noncurrent Assets
Property, plant and equipment1221307553626878
Intangible assets, net (including goodwill)5866597328058789511,024
Goodwill100100100100100100100
Intangible assets, net (excluding goodwill)487560633706779852925
Other undisclosed noncurrent assets123147170    
Total noncurrent assets:8319369788599401,0191,102
TOTAL ASSETS:5,3014,6384,6273,5573,0462,4402,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:487397442485653121109
Other undisclosed accounts payable and accrued liabilities487397442485653121109
Debt2,0862,0972,0002,0001,9001,5001,250
Due to related parties    2,0841,6741,423
Other undisclosed current liabilities23 96 10  
Total current liabilities:2,5952,4942,5382,4854,6473,2952,782
Noncurrent Liabilities
Long-term debt and lease obligation3850     
Operating lease, liability3850 
Liabilities, other than long-term debt    3,0003,0003,000
Due to related parties    3,0003,0003,000
Other undisclosed noncurrent liabilities  75    
Total noncurrent liabilities:385075 3,0003,0003,000
Total liabilities:2,6332,5442,6132,4857,6476,2955,782
Stockholders' equity
Stockholders' equity attributable to parent2,6682,0942,0141,072(4,601)(3,854)(2,959)
Common stock3332111
Treasury stock, value(50)      
Additional paid in capital41,66341,61341,58739,54129,34028,89628,716
Accumulated deficit(38,947)(39,521)(39,575)(38,472)(33,941)(32,751)(31,675)
Total stockholders' equity:2,6682,0942,0141,072(4,601)(3,854)(2,959)
TOTAL LIABILITIES AND EQUITY:5,3014,6384,6273,5573,0462,4402,823

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues2,7401,37371,7278542869
Cost of revenue(1,365)(401)(4)(1,677)(52)(12)(474)
Gross profit:1,3769724503330395
Operating expenses(773)(885)(1,075) (1,127)(1,028) 
Other undisclosed operating loss   (4,481)  (2,003)
Operating income (loss):60387(1,071)(4,431)(1,094)(998)(1,608)
Nonoperating expense(29)(33)(32)(100)(96)(78)(70)
Interest and debt expense(29)(33)(33)(100)(96)(78)(70)
Income (loss) before gain (loss) on sale of properties:54621(1,136)(4,631)(1,286)(1,154)(1,749)
Other undisclosed net income29      
Net income (loss):57421(1,136)(4,631)(1,286)(1,154)(1,749)
Other undisclosed net income attributable to parent 3333100967870
Net income (loss) available to common stockholders, basic:57454(1,103)(4,531)(1,190)(1,076)(1,678)
Dilutive securities, effect on basic earnings per share5,3496,620     
Net income (loss) available to common stockholders, diluted:5,9236,674(1,103)(4,531)(1,190)(1,076)(1,678)

Comprehensive Income ($ in thousands)

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss):57421(1,136)(4,631)(1,286)(1,154)(1,749)
Comprehensive income (loss), net of tax, attributable to parent:57421(1,136)(4,631)(1,286)(1,154)(1,749)

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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