Merion, Inc. (EWLU) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
100 N. BARRANCA ST. WEST COVINA, CA 91791 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6 | 1 | 1 | 6 | 6 | 10 | |||
| Cash and cash equivalents | 6 | 1 | 1 | 6 | 6 | 10 | |||
| Receivables | 25 | 25 | 8 | 75 | 75 | ||||
| Inventory, net of allowances, customer advances and progress billings | 18 | 22 | 67 | 65 | 143 | 81 | |||
| Inventory | 18 | 22 | 67 | 65 | 143 | 81 | |||
| Prepaid expense | 70 | 77 | 39 | 84 | 38 | 190 | |||
| Other undisclosed current assets | |||||||||
| Total current assets: | 120 | 125 | 116 | 155 | 263 | 356 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 343 | 398 | 453 | 506 | 560 | 612 | |||
| Property, plant and equipment | 81 | 86 | 91 | 96 | 385 | 401 | |||
| Long-term investments and receivables | |||||||||
| Accounts and financing receivable, after allowance for credit loss | |||||||||
| Intangible assets, net (including goodwill) | (178) | (181) | |||||||
| Intangible assets, net (excluding goodwill) | (178) | (181) | |||||||
| Other undisclosed noncurrent assets | 15 | 15 | 15 | 15 | 193 | 197 | |||
| Total noncurrent assets: | 439 | 500 | 559 | 618 | 960 | 1,028 | |||
| TOTAL ASSETS: | 559 | 625 | 675 | 773 | 1,223 | 1,384 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 254 | 218 | 80 | 34 | 92 | 113 | |||
| Other undisclosed accounts payable and accrued liabilities | 254 | 218 | 80 | 34 | 92 | 113 | |||
| Deferred revenue | 876 | 750 | 714 | 608 | 515 | 503 | |||
| Debt | 18 | 17 | 17 | 17 | 232 | 237 | |||
| Due to related parties | 152 | 135 | 49 | 41 | 42 | 56 | |||
| Other undisclosed current liabilities | 334 | 292 | 381 | 372 | 142 | 2 | |||
| Total current liabilities: | 1,634 | 1,412 | 1,241 | 1,073 | 1,024 | 912 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 290 | 244 | 307 | 369 | 356 | 412 | |||
| Long-term debt, excluding current maturities | 157 | 61 | 65 | 69 | |||||
| Liabilities, other than long-term debt | |||||||||
| Due to related parties | |||||||||
| Operating lease, liability | 132 | 183 | 242 | 299 | 356 | 412 | |||
| Other undisclosed noncurrent liabilities | (76) | 154 | (87) | (149) | 225 | 229 | |||
| Total noncurrent liabilities: | 346 | 398 | 461 | 519 | 581 | 641 | |||
| Total liabilities: | 1,980 | 1,810 | 1,702 | 1,591 | 1,605 | 1,553 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (1,421) | (1,185) | (1,027) | (818) | (382) | (169) | |||
| Common stock | 62 | 62 | 62 | 62 | 185 | 185 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (1,736) | ||||||||
| Common stock, value, subscriptions | (1,736) | (1,736) | |||||||
| Additional paid in capital | 26,439 | 26,439 | 26,440 | 26,440 | 26,317 | 26,317 | |||
| Accumulated deficit | (25,951) | (25,793) | (25,572) | (25,052) | (24,754) | ||||
| Stockholders' equity note, subscriptions receivable | |||||||||
| Other undisclosed equity, attributable to parent | (27,922) | (1,736) | (1,736) | (1,747) | (96) | 1,556 | |||
| Total equity: | (1,421) | (1,185) | (1,027) | (818) | (382) | (169) | |||
| TOTAL LIABILITIES AND EQUITY: | 559 | 625 | 675 | 773 | 1,223 | 1,384 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 146 | 115 | 170 | 761 | 435 | 302 | ||
| Cost of revenue | (62) | (105) | (61) | (632) | (238) | (277) | ||
| Cost of goods and services sold | (5) | (4) | (62) | |||||
| Gross profit: | 84 | 10 | 109 | 129 | 198 | 25 | ||
| Operating expenses | (321) | (303) | (328) | (675) | (497) | (444) | ||
| Other operating expense, net | (26) | (1) | ||||||
| Other undisclosed operating income | 26 | 1 | ||||||
| Operating loss: | (237) | (293) | (220) | (546) | (299) | (419) | ||
| Nonoperating income (Other Nonoperating income) | 103 | |||||||
| Interest and debt expense | 108 | |||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1 | 136 | (1) | 25 | 1 | (108) | ||
| Loss from continuing operations before income taxes: | (235) | (157) | (220) | (520) | (298) | (316) | ||
| Other undisclosed loss from continuing operations | (1) | (1) | ||||||
| Loss from continuing operations: | (235) | (158) | (220) | (520) | (298) | (317) | ||
| Loss before gain (loss) on sale of properties: | (235) | (158) | (220) | (520) | (298) | (317) | ||
| Other undisclosed net income | 471 | |||||||
| Net income (loss): | 235 | (158) | (220) | (520) | (298) | (317) | ||
| Other undisclosed net loss attributable to parent | (471) | |||||||
| Net loss available to common stockholders, diluted: | (235) | (158) | (220) | (520) | (298) | (317) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | 6/30/2021 Q2 | 3/31/2021 Q1 | 12/31/2020 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 235 | (158) | (220) | (520) | (298) | (317) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 235 | (158) | (220) | (520) | (298) | (317) | ||
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.