GelTech Solutions, Inc. (GLTC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1460 PARK LANE SOUTH
JUPITER, FL 33458
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 282 - Plastics Materials And Synthetic Resins, Synthetic (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 70441511276690
Cash and cash equivalents 70441511276690
Receivables 113781092373537
Inventory, net of allowances, customer advances and progress billings 6611,4341,6621,107844589
Inventory 6611,4341,6621,107844589
Prepaid expense      67
Other undisclosed current assets 2071331104889 
Total current assets: 1,0511,6892,0321,5191,034783
Noncurrent Assets
Inventory, Noncurrent 1,298479    
Property, plant and equipment 122185253159176158
Deposits noncurrent assets 181616163027
Other undisclosed noncurrent assets 29     
Total noncurrent assets: 1,468681269175206185
TOTAL ASSETS: 2,5192,3702,3011,6941,240968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 453768664560418442
Accounts payable 176133142350228265
Accrued liabilities 276635522210190177
Debt      (86)
Estimated litigation liability   2757505 
Deferred revenue and credits 7  7
Contract with customer, liability1
Other undisclosed current liabilities 63635245914976
Total current liabilities: 5178317491,0769371,339
Noncurrent Liabilities
Long-term debt and lease obligation    4,1682,2021,899
Long-term debt, excluding current maturities    4,1682,2021,899
Liabilities, other than long-term debt 9799692,956   
Due to related parties 9799692,956   
Other undisclosed noncurrent liabilities 3,1525,3294,960   
Total noncurrent liabilities: 4,1326,2987,9164,1682,2021,899
Total liabilities: 4,6497,1298,6655,2443,1383,238
Equity
Equity, attributable to parent (2,129)(4,759)(6,364)(3,551)(1,898)(2,270)
Common stock 1047554484033
Additional paid in capital 53,90147,28641,54137,04933,19525,718
Accumulated deficit (56,134)(52,120)(47,958)(40,647)(35,134)(28,022)
Total equity: (2,129)(4,759)(6,364)(3,551)(1,898)(2,270)
TOTAL LIABILITIES AND EQUITY: 2,5192,3702,3011,6941,240968

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
Revenues 1,4511,1511,201800815526
Revenue, net    526
Other operating income      1,299
Cost of revenue
(Cost of Goods and Services Sold)
 (509)(386)(384)(439)(446)(232)
Other undisclosed gross profit    935352
Gross profit: 942765817454421346
Operating expenses (4,271)(4,109)(4,444)(5,026)(6,875)(6,283)
Operating loss: (3,329)(3,344)(3,627)(4,572)(6,454)(5,937)
Nonoperating income (expense) (685)(818)(1,045)(941)(658)715
Interest and debt expense 130(818)(719)(992)(463)(499)
Loss from continuing operations: (3,884)(4,980)(5,391)(6,505)(7,575)(5,721)
Loss before gain (loss) on sale of properties: (3,884)(4,980)(5,391)(6,505)(7,575)(5,721)
Net loss: (3,884)(4,980)(5,391)(6,505)(7,575)(5,721)
Other undisclosed net income (loss) attributable to parent (130)818719992463499
Net loss available to common stockholders, diluted: (4,014)(4,162)(4,672)(5,514)(7,112)(5,222)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
Net loss: (3,884)(4,980)(5,391)(6,505)(7,575)(5,721)
Comprehensive loss, net of tax, attributable to parent: (3,884)(4,980)(5,391)(6,505)(7,575)(5,721)

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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