INNOVEREN SCIENTIFIC, INC. (HCYT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2202 N. WEST SHORE BLVD TAMPA, FL 33607 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3841 - Surgical and Medical Instruments and Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 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 | 4 | 95 | 1,641 | 1,424 | 47 | 245 | |||
| Cash and cash equivalents | 4 | 95 | 1,641 | 1,424 | 47 | 245 | |||
| Receivables | 29 | 14 | 22 | 41 | 146 | 150 | |||
| Inventory, net of allowances, customer advances and progress billings | 131 | 295 | |||||||
| Inventory | 131 | 295 | |||||||
| Prepaid expense | 54 | 45 | 94 | 810 | 46 | 205 | |||
| Other undisclosed current assets | (4) | 44 | 244 | ||||||
| Total current assets: | 84 | 197 | 1,757 | 2,276 | 371 | 1,138 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 279 | 738 | ✕ | ✕ | |||||
| Property, plant and equipment | 20 | 38 | 139 | 220 | 30 | 87 | |||
| Long-term investments and receivables | 14 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 14 | ||||||||
| Intangible assets, net (including goodwill) | (736) | ||||||||
| Intangible assets, net (excluding goodwill) | (736) | ||||||||
| Deposits noncurrent assets | 3 | 3 | |||||||
| Other noncurrent assets | 19 | 18 | 29 | 37 | |||||
| Other undisclosed noncurrent assets | 67 | 736 | |||||||
| Total noncurrent assets: | 54 | 124 | 447 | 995 | 33 | 90 | |||
| TOTAL ASSETS: | 137 | 321 | 2,204 | 3,271 | 404 | 1,228 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,390 | 825 | 1,290 | 1,972 | 1,575 | 329 | |||
| Interest and dividends payable | ✕ | ✕ | 75 | 7 | 162 | 162 | 69 | ||
| Employee-related liabilities | ✕ | ✕ | 451 | ||||||
| Accounts payable | 971 | 585 | 1,007 | 1,486 | 751 | 196 | |||
| Accrued liabilities | 1,418 | 165 | 276 | 325 | 211 | 64 | |||
| Deferred revenue | 414 | 634 | 1,046 | ✕ | ✕ | ||||
| Debt | 535 | 1,492 | 674 | 945 | 697 | 132 | |||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | ||
| Due to related parties | ✕ | 3,325 | 1,969 | 1,635 | 91 | 12 | |||
| Other liabilities | 139 | 28 | 155 | 175 | |||||
| Other undisclosed current liabilities | 1,088 | 193 | 139 | 37 | |||||
| Total current liabilities: | 7,477 | 4,921 | 2,893 | 5,774 | 2,400 | 475 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 63 | 359 | 314 | 39 | |||||
| Long-term debt, excluding current maturities | 202 | 12 | 39 | ||||||
| Operating lease, liability | 63 | 157 | 302 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 2,018 | (63) | (157) | 583 | 0 | 1 | |||
| Total noncurrent liabilities: | 2,018 | 63 | 359 | 897 | 0 | 40 | |||
| Total liabilities: | 9,495 | 4,984 | 3,252 | 6,671 | 2,401 | 515 | |||
| Temporary equity, carrying amount | 6,060 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (9,357) | (4,662) | (1,216) | (9,091) | (1,997) | 713 | |||
| Preferred stock | 439 | 502 | 0 | ||||||
| Common stock | 1 | 164 | 127 | 100 | 25 | 21 | |||
| Additional paid in capital | 49,531 | 43,700 | 42,516 | 28,172 | 35,812 | 33,510 | |||
| Accumulated deficit | (59,328) | (49,028) | (43,859) | (37,363) | (37,834) | (32,817) | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Equity, attributable to noncontrolling interest | (370) | (370) | |||||||
| Other undisclosed equity | 538 | 0 | |||||||
| Total equity: | (9,357) | (4,662) | (1,048) | (9,461) | (1,997) | 713 | |||
| TOTAL LIABILITIES AND EQUITY: | 137 | 321 | 2,204 | 3,271 | 404 | 1,228 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 453 | 1,612 | 2,151 | 8,347 | 818 | 207 | ||
| Cost of revenue | (118) | (705) | (767) | (2,053) | (503) | (163) | ||
| Cost of goods and services sold | (118) | (705) | (767) | (2,053) | (163) | |||
| Other undisclosed gross profit | (0) | |||||||
| Gross profit: | 336 | 907 | 1,384 | 6,294 | 315 | 45 | ||
| Operating expenses | (5,442) | (6,192) | (8,476) | (36,852) | (5,042) | (6,105) | ||
| Operating loss: | (5,106) | (5,286) | (7,092) | (30,558) | (4,727) | (6,061) | ||
| Nonoperating income (expense) | (5,194) | 486 | 633 | 751 | ||||
| Interest and debt expense | (2,196) | (177) | 1,300 | (299) | (162) | (395) | ||
| Loss from continuing operations: | (12,496) | (4,976) | (5,159) | (30,107) | (4,889) | (6,456) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (4,976) | (5,159) | (30,107) | (4,889) | (6,457) | |
| Loss from discontinued operations | (1) | |||||||
| Other undisclosed net income | 177 | |||||||
| Net loss: | (12,496) | (4,799) | (5,159) | (30,107) | (4,889) | (6,457) | ||
| Other undisclosed net income (loss) attributable to parent | 2,196 | (1,300) | 299 | (20) | 1 | |||
| Net loss attributable to parent: | (10,300) | (4,799) | (6,459) | (29,808) | (4,909) | (6,456) | ||
| Preferred stock dividends and other adjustments | (44) | (85) | (58) | |||||
| Other undisclosed net loss available to common stockholders, basic | (278) | (3,303) | (511) | |||||
| Net loss available to common stockholders, diluted: | (10,300) | (4,799) | (6,781) | (33,196) | (5,478) | (6,456) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (12,496) | (4,799) | (5,159) | (30,107) | (4,889) | (6,457) | ||
| Comprehensive loss, net of tax, attributable to parent: | (12,496) | (4,799) | (5,159) | (30,107) | (4,889) | (6,457) | ||
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.