Erf Wireless Inc (ERFB) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
2911 SOUTH SHORE BLVD LEAGUE CITY, TX 77573 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 42 | 118 | ||
| Cash and cash equivalents | 42 | 118 | ||
| Receivables | 1,001 | 828 | ||
| Inventory, net of allowances, customer advances and progress billings | 264 | 377 | ||
| Inventory | 264 | 377 | ||
| Prepaid expense and other current assets | ✕ | 37 | ||
| Other current assets | 37 | ✕ | ||
| Other undisclosed current assets | 738 | 565 | ||
| Total current assets: | 2,082 | 1,925 | ||
| Noncurrent Assets | ||||
| Property, plant and equipment | 2,777 | 4,133 | ||
| Intangible assets, net (including goodwill) | 176 | 176 | ||
| Goodwill | 176 | 176 | ||
| Other undisclosed noncurrent assets | 37 | 37 | ||
| Total noncurrent assets: | 2,990 | 4,346 | ||
| TOTAL ASSETS: | 5,072 | 6,271 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 2,457 | 2,346 | ||
| Accounts payable | 1,299 | 1,226 | ||
| Accrued liabilities | 1,158 | 1,120 | ||
| Debt | 3,435 | 2,589 | ||
| Derivative instruments and hedges, liabilities | 677 | 492 | ||
| Deferred revenue and credits | 13 | 20 | ||
| Other undisclosed current liabilities | (1,062) | |||
| Total current liabilities: | 6,582 | 4,385 | ||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation, including: | 174 | 214 | ||
| Long-term debt, excluding current maturities | 1,024 | 1,419 | ||
| Capital lease obligations | 174 | 214 | ||
| Other undisclosed long-term debt and lease obligation | (1,024) | (1,419) | ||
| Other undisclosed noncurrent liabilities | 5,305 | 4,587 | ||
| Total noncurrent liabilities: | 5,479 | 4,801 | ||
| Total liabilities: | 12,061 | 9,186 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | (7,121) | (3,043) | ||
| Preferred stock | 10 | 8 | ||
| Common stock | 6 | |||
| Additional paid in capital | 56,177 | 52,987 | ||
| Accumulated other comprehensive loss | (32) | (32) | ||
| Accumulated deficit | (63,276) | (56,012) | ||
| Stockholders' equity attributable to noncontrolling interest | 132 | 128 | ||
| Total stockholders' equity: | (6,989) | (2,915) | ||
| TOTAL LIABILITIES AND EQUITY: | 5,072 | 6,271 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|
| Revenues | 7,223 | 7,328 | |
| Revenue, net | 7,156 | 7,328 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,571) | (1,846) | |
| Other undisclosed gross profit | (2,655) | (2,129) | |
| Gross profit: | 2,997 | 3,353 | |
| Operating expenses | (7,515) | (6,957) | |
| Operating loss: | (4,518) | (3,604) | |
| Nonoperating expense (Other Nonoperating expense) | (2,742) | (1,189) | |
| Interest and debt expense | (3,524) | (1,237) | |
| Loss from continuing operations before income taxes: | (10,784) | (6,030) | |
| Income tax expense | (1,630) | ||
| Loss before gain (loss) on sale of properties: | (10,784) | (7,660) | |
| Other undisclosed net income | 3,524 | 2,867 | |
| Net loss: | (7,260) | (4,793) | |
| Net loss attributable to noncontrolling interest | (4) | (21) | |
| Net loss available to common stockholders, basic: | (7,264) | (4,814) | |
| Other undisclosed net income available to common stockholders, diluted | 21 | ||
| Net loss available to common stockholders, diluted: | (7,264) | (4,793) | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|
| Net loss: | (7,260) | (4,793) | |
| Comprehensive loss: | (7,260) | (4,793) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 4 | 21 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (8) | (49) | |
| Comprehensive loss, net of tax, attributable to parent: | (7,264) | (4,821) | |
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.