Erf Wireless Inc (ERFB) Financial Statements (2024 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)

9/30/2014
MRQ
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 42118
Cash and cash equivalents 42118
Receivables 1,001828
Inventory, net of allowances, customer advances and progress billings 264377
Inventory 264377
Other current assets 37
Prepaid expense and other current assets37
Other undisclosed current assets 738565
Total current assets: 2,0821,925
Noncurrent Assets
Property, plant and equipment 2,7774,133
Intangible assets, net (including goodwill) 176176
Goodwill 176176
Other undisclosed noncurrent assets 3737
Total noncurrent assets: 2,9904,346
TOTAL ASSETS: 5,0726,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 2,4572,346
Accounts payable 1,2991,226
Accrued liabilities 1,1581,120
Debt 3,4352,589
Derivative instruments and hedges, liabilities 677492
Deferred revenue and credits 1320
Other undisclosed current liabilities  (1,062)
Total current liabilities: 6,5824,385
Noncurrent Liabilities
Long-term debt and lease obligation, including: 174214
Long-term debt, excluding current maturities 1,0241,419
Capital lease obligations 174214
Other undisclosed long-term debt and lease obligation (1,024)(1,419)
Other undisclosed noncurrent liabilities 5,3054,587
Total noncurrent liabilities: 5,4794,801
Total liabilities: 12,0619,186
Equity
Equity, attributable to parent (7,121)(3,043)
Preferred stock 108
Common stock  6
Additional paid in capital 56,17752,987
Accumulated other comprehensive loss (32)(32)
Accumulated deficit (63,276)(56,012)
Equity, attributable to noncontrolling interest 132128
Total equity: (6,989)(2,915)
TOTAL LIABILITIES AND EQUITY: 5,0726,271

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

9/30/2014
TTM
12/31/2013
12/31/2012
Revenues 7,2237,328
Revenue, net 7,1567,328
Cost of revenue
(Cost of Goods and Services Sold)
 (1,571)(1,846)
Other undisclosed gross profit (2,655)(2,129)
Gross profit: 2,9973,353
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 from continuing operations: (10,784)(7,660)
Loss before gain (loss) on sale of properties: (10,784)(7,660)
Other undisclosed net income 3,5242,867
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)

9/30/2014
TTM
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 421
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.

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