Falconstor Software Inc (FALC) Financial Statements (2023 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1813,4753,7422,0211,9218711,514
Cash and cash equivalents3,1813,4753,7422,0211,9218711,514
Receivables2,8552,2852,1632,9542,8373,4771,857
Inventory, net of allowances, customer advances and progress billings8151515151515
Inventory8151515151515
Contract with customer, asset210170354380254420424
Other undisclosed current assets1,0751,5371,5132,0631,8381,9311,893
Total current assets:7,3297,4827,7877,4336,8656,7145,702
Noncurrent Assets
Operating lease, right-of-use asset1121401952025368551,155
Property, plant and equipment154193186197197236278
Intangible assets, net (including goodwill)4,2024,2154,2294,2344,2504,2514,242
Goodwill4,1504,1504,1504,1504,1504,1504,150
Intangible assets, net (excluding goodwill)5164798410010091
Contract with customer, asset, net693192206188344225254
Deferred costs2,9802,9502,9502,9502,9502,9502,950
Deferred income tax assets30311314312331259259
Other noncurrent assets106115125863864927923
Other undisclosed noncurrent assets(2,937)(2,936)(2,934)(2,932)(2,931)(2,929)(2,928)
Total noncurrent assets:5,3405,1805,2716,0146,5416,7747,134
TOTAL ASSETS:12,66912,66313,05813,44713,40613,48812,837
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,3961,3542,3573,2922,7482,8113,006
Accounts payable297335579918454764696
Accrued liabilities1,0991,0191,7782,3752,2942,0462,310
Deferred revenue4,557   4,603  
Debt   3,3973,3213,9691,812
Other undisclosed current liabilities773,7964,2224,3876655,0844,364
Total current liabilities:6,0315,1506,58011,07611,33711,8649,183
Noncurrent Liabilities
Long-term debt and lease obligation2,1902,2042,218 75423,145
Long-term debt, excluding current maturities2,1542,1512,147 754 3,113
Operating lease, liability355371  232
Liabilities, other than long-term debt3,0301,2711,2671,3322,9831,2171,238
Deferred revenue1,579   1,766  
Deferred income tax liabilities500526520521513427432
Liability for uncertainty in income taxes 108108113 110117
Other liabilities951637638698704680688
Other undisclosed noncurrent liabilities 1,4621,7572,191 1,9332,326
Total noncurrent liabilities:5,2204,9365,2423,5233,7373,1526,708
Total liabilities:11,25010,08711,82114,59915,07415,01615,891
Commitments and contingencies    (406)  
Temporary equity, carrying amount14,38414,07513,77313,41513,34712,48312,042
Stockholders' equity
Stockholders' equity attributable to parent(12,966)(11,500)(12,536)(14,566)(14,608)(14,011)(15,096)
Common stock7776666
Additional paid in capital112,350112,672112,021109,637110,107110,560110,998
Accumulated other comprehensive loss(1,860)(1,895)(1,906)(1,902)(1,988)(1,939)(1,915)
Accumulated deficit(123,463)(122,283)(122,658)(122,308)(122,733)(122,639)(124,185)
Total stockholders' equity:(12,966)(11,500)(12,536)(14,566)(14,608)(14,011)(15,096)
TOTAL LIABILITIES AND EQUITY:12,66912,66313,05813,44713,40613,48812,837

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues3,8103,2833,2593,8283,6524,4363,500
Cost of revenue
(Cost of Goods and Services Sold)
(420)(442)(441)(649)(468)(416)(396)
Gross profit:3,3902,8412,8183,1793,1854,0203,103
Operating expenses(3,005)(2,392)(3,001)(3,197)(3,231)(2,303)(2,553)
Operating income (loss):385449(183)(17)(47)1,717550
Nonoperating expense
(Other Nonoperating expense)
(169)(58)(164)(267)(107)(160)(180)
Interest and debt expense   754   
Income (loss) from continuing operations before income taxes:216391(347)470(153)1,557370
Income tax expense (benefit)(463)(17)(3)(45)59(11)37
Net income (loss) attributable to parent:(247)374(350)425(94)1,546407
Preferred stock dividends and other adjustments(309)(302)(358)(474)(458)(441)(426)
Net income (loss) available to common stockholders, diluted:(556)72(708)(49)(552)1,105(19)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(247)374(350)425(94)1,546407
Other undisclosed comprehensive income (loss)128   (95)  
Comprehensive income (loss):(119)374(350)425(189)1,546407
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(93)11(5)86(1,093)(24)(8)
Comprehensive income (loss), net of tax, attributable to parent:(212)386(354)512(1,282)1,522398

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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