Fision Corp (FSSN) financial statements (2021 and earlier)

Company profile

Business Address 1650 WEST END BOULEVARD
MINNEAPOLIS, MN 55416
State of Incorp.
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6  1531
Cash and cash equivalents6  1531
Receivables613310431
Prepaid expense 885331,038
Total current assets:6710115571,500
Noncurrent Assets
Property, plant and equipment12234
Intangible assets, net (including goodwill)1414141414
Goodwill1414141414
Other undisclosed noncurrent assets3664666871
Total noncurrent assets:5079828589
TOTAL ASSETS:11889936431,589
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9342,3752,2862,1550
Accrued liabilities897765530
Other undisclosed accounts payable and accrued liabilities8452,2982,2212,102 
Debt8989 1,0291,125
Derivative instruments and hedges, liabilities1,3332,5332,4864,157 
Due to related parties175582411229150
Other undisclosed current liabilities2,4601,127740633,444
Total current liabilities:4,9926,7065,9247,6324,720
Noncurrent Liabilities
Long-term debt and lease obligation299103748701392
Long-term debt, excluding current maturities299103748701392
Other undisclosed noncurrent liabilities8989   
Total noncurrent liabilities:388192748701392
Other undisclosed liabilities   (0) 
Total liabilities:5,3796,8986,6728,3335,112
Stockholders' equity
Stockholders' equity attributable to parent(5,262)(6,808)(6,580)(7,690)(3,523)
Common stock3529251412
Additional paid in capital25,64525,23225,12924,10823,986
Accumulated deficit(30,941)(32,069)(31,733)(31,812)(27,522)
Total stockholders' equity:(5,262)(6,808)(6,580)(7,690)(3,523)
TOTAL LIABILITIES AND EQUITY:11889936431,589

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Revenues8476104186108
Net investment income  513  
Cost of revenue(22)(23)(29)(22)(5)
Cost of goods and services sold    (5)
Gross profit:625375164103
Operating expenses(172)(209)(921)(785)(903)
Operating loss:(110)(155)(846)(621)(800)
Nonoperating income (expense)12(180)924(2,544)(695)
Debt instrument, convertible, beneficial conversion feature  (274)  
Other nonoperating income (expense)1,238   (641)
Interest and debt expense(145)(71)(391)(56)172
Loss before gain (loss) on sale of properties:(243)(406)(312)(3,221)(1,322)
Other undisclosed net income (loss)1,370 391 (119)
Net income (loss):1,127(406)79(3,221)(1,441)
Other undisclosed net income (loss) attributable to parent 71 (1,069) 
Net income (loss) available to common stockholders, basic:1,127(335)79(4,290)(1,441)
Interest on convertible debt   (15) 
Net income (loss) available to common stockholders, diluted:1,127(335)79(4,305)(1,441)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
Net income (loss):1,127(406)79(3,221)(1,441)
Comprehensive income (loss), net of tax, attributable to parent:1,127(406)79(3,221)(1,441)

Statements sources

The financial statements are based on the company's filings with the 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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