Falconstor Software Inc (FALC) Financial Statements (2024 and earlier)

Company Profile

Business Address 125 BAYLIS ROAD
MELVILLE, NY 11747
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0111,6661,8083,382 3,475
Cash and cash equivalents2,0111,6661,8083,382 3,475
Receivables2,2792,2881,553826 2,285
Inventory, net of allowances, customer advances and progress billings      15
Inventory      15
Contract with customer, asset, after allowance for credit loss182274402426 170
Other undisclosed current assets8978861,0741,264 1,537
Total current assets:5,3695,1144,8365,898 7,482
Noncurrent Assets
Operating lease, right-of-use asset34507091 140
Property, plant and equipment8696110128 193
Intangible assets, net (including goodwill)4,1704,1784,1864,191 4,215
Goodwill4,1504,1504,1504,150 4,150
Intangible assets, net (excluding goodwill)20273541 64
Contract with customer, asset, after allowance for credit loss358445450463 192
Deferred costs3,0153,0153,0152,980 2,950
Deferred income tax assets  262829 311
Other noncurrent assets999799100 115
Other undisclosed noncurrent assets(2,962)(2,955)(2,948)(2,939) (2,936)
Total noncurrent assets:4,8014,9525,0105,044 5,180
TOTAL ASSETS:10,17010,0669,84610,941 12,663
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8151,8061,5761,440 1,354
Accounts payable387450468639 335
Accrued liabilities1,4281,3561,107802 1,019
Deferred revenue3,685     
Debt177     
Other undisclosed current liabilities343,5553,6474,124 3,796
Total current liabilities:5,7125,3615,2225,564 5,150
Noncurrent Liabilities
Long-term debt and lease obligation2,1632,1642,1602,173 2,204
Long-term debt, excluding current maturities2,1632,1642,1602,156 2,151
Liabilities, other than long-term debt2,7751,5691,5711,582 1,271
Deferred revenue1,281     
Deferred income tax liabilities538500500500 526
Liability for uncertainty in income taxes  114113124 108
Other liabilities956954957958 637
Operating lease, liability    17 53
Other undisclosed noncurrent liabilities  1,1671,3431,271 1,462
Total noncurrent liabilities:4,9384,9005,0755,026 4,936
Total liabilities:10,65010,26110,29710,591 10,087
Temporary equity, carrying amount15,92815,50515,07414,700 14,075
Equity
Equity, attributable to parent(16,407)(15,700)(15,525)(14,349) (11,500)
Common stock7777 7
Additional paid in capital110,845111,264111,687112,042 112,672
Accumulated other comprehensive loss(1,752)(1,690)(1,716)(1,827) (1,895)
Accumulated deficit(125,507)(125,282)(125,503)(124,572) (122,283)
Total equity:(16,407)(15,700)(15,525)(14,349) (11,500)
TOTAL LIABILITIES AND EQUITY:10,17010,0669,84610,941 12,663

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

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues2,5503,0592,3942,049(10,371)3,283
Cost of revenue
(Cost of Goods and Services Sold)
(371)(380)(398)(415) (442)
Gross profit:2,1792,6791,9961,634 2,841
Operating expenses(2,198)(2,296)(2,504)(2,747) (2,392)
Operating income (loss):(19)383(508)(1,113) 449
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
100(111)(201)(118) (58)
Income (loss) from continuing operations before income taxes:80271(709)(1,231) 391
Income tax expense (benefit)(60)(50)(222)121 (17)
Income (loss) from continuing operations:20221(931)(1,109) 374
Income (loss) before gain (loss) on sale of properties:221(931)(1,109)374
Net income (loss) attributable to parent:20221(931)(1,109) 374
Preferred stock dividends and other adjustments(423)(431)(374)(316) (302)
Other undisclosed net income available to common stockholders, basic  419    
Net income (loss) available to common stockholders, diluted:(403)210(1,305)(1,425) 72

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income (loss):20221(931)(1,109) 374
Comprehensive income (loss):20221(931)(1,109) 374
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(62)2611134 11
Comprehensive income (loss), net of tax, attributable to parent:(42)247(820)(1,076) 386

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: