Flexpoint Sensor Systems Inc (FLXT) Financial Statements (2024 and earlier)

Company Profile

Business Address 5718 WEST DANNON WAY
WEST JORDAN, UT 84081
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  0 1701813
Cash and cash equivalents  0 1701813
Receivables2098261647
Other undisclosed current assets9115271210
Total current assets:2910232234670
Noncurrent Assets
Operating lease, right-of-use asset255   
Property, plant and equipment   1469
Intangible assets, net (including goodwill)4,8974,8974,8974,8974,9134,945
Goodwill4,8974,8974,8974,8974,8974,897
Intangible assets, net (excluding goodwill)     1648
Deposits noncurrent assets14140777
Total noncurrent assets:5,1654,9114,8984,9074,9264,960
TOTAL ASSETS:5,1944,9204,9215,1304,9725,031
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6822,4302,0791,7951,7241,186
Accounts payable265226233178354228
Accrued liabilities2,4172,2041,8461,6171,370959
Debt954965759301,103807
Derivative instruments and hedges, liabilities     285364
Due to related parties263239224219420
Other undisclosed current liabilities58 510   
Total current liabilities:3,9573,6342,8882,7273,3072,377
Noncurrent Liabilities
Long-term debt and lease obligation 104 60   
Long-term debt, excluding current maturities 104 60   
Liabilities, other than long-term debt      
Operating lease, liability    
Other undisclosed noncurrent liabilities 94  219  
Total noncurrent liabilities:198 60219  
Other undisclosed liabilities      81
Total liabilities:4,1553,6342,9472,9453,3072,459
Equity
Equity, attributable to parent, including:1,0391,2861,9742,1851,6662,572
Common stock1261141001009393
Additional paid in capital31,80131,25430,88330,87329,78629,786
Accumulated deficit(30,887)(30,082)(29,395)(28,788)(28,213)(27,306)
Other undisclosed equity, attributable to parent   386   
Total equity:1,0391,2861,9742,1851,6662,572
TOTAL LIABILITIES AND EQUITY:5,1944,9204,9215,1304,9725,031

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues15121099833268341
Cost of revenue  (35)(63)(37)(41)
Provision for loan, lease, and other losses   9  
Gross profit:15121064770231299
Operating expenses(880)(924)(895)(890)(1,028)(1,146)
Other undisclosed operating income  3563  
Operating loss:(729)(713)(796)(57)(798)(847)
Nonoperating income (expense)(76)26189(518)(146)(278)
Investment income, nonoperating 10400200
Interest and debt expense(77)119444148(317)115
Loss from continuing operations:(882)(569)(163)(427)(1,260)(1,010)
Loss before gain (loss) on sale of properties:(569)(163)(427)(1,260)(1,010)
Net loss:(882)(569)(163)(427)(1,260)(1,010)
Other undisclosed net income (loss) attributable to parent77(119)(444)(148)354(74)
Net loss available to common stockholders, diluted:(805)(688)(607)(575)(906)(1,084)

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(882)(569)(163)(427)(1,260)(1,010)
Comprehensive loss, net of tax, attributable to parent:(882)(569)(163)(427)(1,260)(1,010)

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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