Edison Nation, Inc. (EDNT) financial statements (2020 and earlier)

Company profile

Business Address 909 NEW BRUNSWICK AVENUE
PHILLIPSBURG, NJ 08865
State of Incorp. NV
Fiscal Year End December 31
SIC 3944 - Games, Toys, and Children's Vehicles, Except Dolls and Bicycles (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 investments1,2141,4257192,0532,0613,9311,148
Cash and cash equivalents1,2141,4257192,0532,0613,9311,148
Receivables1,9213,1242,7361,8774,6403,4052,841
Inventory, net of allowances, customer advances and progress billings1,1061,2601,361924200228224
Inventory1,1061,2601,361924200228224
Prepaid expense    66126 
Advances on inventory purchases    45  
Other undisclosed current assets9978901,4086121,0041,03359
Total current assets:5,2396,7006,2255,4658,0168,7244,271
Noncurrent Assets
Operating lease, right-of-use asset810  
Property, plant and equipment9751,0111,034999970915944
Intangible assets, net (including goodwill)21,61021,88522,16022,42412,840  
Goodwill9,7379,7379,7379,73712,786  
Intangible assets, net (excluding goodwill)11,87312,14912,42412,68854  
Other undisclosed noncurrent assets 802873   206
Total noncurrent assets:23,39523,69924,06823,42313,8099151,149
TOTAL ASSETS:28,63330,39830,29228,88921,8259,6395,420
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9336,7106,3606,4791,3231,2841,794
Accounts payable6,9336,7106,3605,5191,3231,2841,794
Accrued liabilities   396   
Employee-related liabilities   175   
Taxes payable   389   
Deferred revenue176  
Debt745748744   471
Due to related parties237598141285265240
Contract with customer, liability35   
Other undisclosed current liabilities4,1594,8883,5752,224936386242
Total current liabilities:12,03512,42210,7778,8792,5441,9352,746
Noncurrent Liabilities
Long-term debt and lease obligation2,6801,061535774  
Long-term debt, excluding current maturities2,1461,061535774  
Operating lease, liability535  
Liabilities, other than long-term debt03,4243,4373,46510,9702,6872,763
Deferred tax liabilities, net000343434
Deferred income tax liabilities0  
Due to related parties 3,4233,4373,4643,5212,6532,729
Derivative instruments and hedges, liabilities    7,415  
Other undisclosed noncurrent liabilities2,8621171,153549   
Total noncurrent liabilities:5,5434,6024,6434,07011,0442,6872,763
Total liabilities:17,57817,02315,42012,94913,5884,6225,509
Stockholders' equity
Stockholders' equity attributable to parent10,13612,40613,86414,9888,2375,017(89)
Common stock6666543
Additional paid in capital21,44821,13720,85920,54812,4517,5521,721
Accumulated deficit(11,319)(8,736)(7,001)(5,566)(4,219)(2,540)(1,813)
Stockholders' equity attributable to noncontrolling interest9209691,008952   
Total stockholders' equity:11,05513,37514,87215,9408,2375,017(89)
TOTAL LIABILITIES AND EQUITY:28,63330,39830,29228,88921,8259,6395,420

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
Revenues3,5335,9685,7393,7434,9404,3873,431
Cost of revenue(2,544)(3,924)(3,946)(2,335)(3,637)(3,124)(2,329)
Gross profit:9892,0441,7931,4081,3031,2631,102
Operating expenses(3,296)(3,393)(3,049)(3,441)(2,066)(1,658)(2,553)
Operating loss:(2,308)(1,349)(1,256)(2,033)(762)(395)(1,450)
Nonoperating income (expense)(323)(375)(99)664(749)(252)(62)
Investment income, nonoperating262626758(707)2626
Interest and debt expense(349)(401)(125)(234)  (97)
Loss from continuing operations before equity method investments, income taxes:(2,980)(2,125)(1,480)(1,603)(1,511)(647)(1,610)
Other undisclosed income from continuing operations before income taxes349401125234  97
Loss from continuing operations before income taxes:(2,631)(1,724)(1,355)(1,369)(1,511)(647)(1,512)
Income tax expense (benefit) (51)(23)8(168)(79)(65)
Net loss:(2,631)(1,775)(1,378)(1,361)(1,679)(727)(1,577)
Net income (loss) attributable to noncontrolling interest4940(57)    
Other undisclosed net income attributable to parent   14   
Net loss available to common stockholders, diluted:(2,582)(1,735)(1,435)(1,347)(1,679)(727)(1,577)

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 loss:(2,631)(1,775)(1,378)(1,361)(1,679)(727)(1,577)
Comprehensive loss:(2,631)(1,775)(1,378)(1,361)(1,679)(727)(1,577)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4940(57)    
Other undisclosed comprehensive income, net of tax, attributable to parent   14   
Comprehensive loss, net of tax, attributable to parent:(2,582)(1,735)(1,435)(1,347)(1,679)(727)(1,577)

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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