Ironclad Performance Wear Corp (ICPW) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1920 HUTTON COURT FARMERS BRANCH, TX 75234 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 509 - Miscellaneous Durable Goods (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 300 | 277 | 314 | 722 | ||
| Cash and cash equivalents | 300 | 277 | 314 | 722 | ||
| Receivables | 7,969 | 8,858 | 6,782 | 6,424 | ||
| Inventory, net of allowances, customer advances and progress billings | 8,733 | 6,682 | 4,570 | (619) | ||
| Inventory | 8,733 | 6,682 | 4,570 | (619) | ||
| Advances on inventory purchases | 109 | 172 | 869 | 716 | ||
| Deferred tax assets | 404 | 274 | 858 | |||
| Other undisclosed current assets | 575 | 610 | 408 | 7,125 | ||
| Total current assets: | 17,686 | 17,002 | 13,217 | 15,225 | ||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 338 | 191 | 256 | |||
| Intangible assets, net (including goodwill) | 236 | 193 | 138 | 132 | ||
| Intangible assets, net (excluding goodwill) | 236 | 193 | 138 | 132 | ||
| Deposits noncurrent assets | 452 | 21 | 10 | 10 | ||
| Other undisclosed noncurrent assets | 1,023 | 607 | (256) | |||
| Total noncurrent assets: | 687 | 1,575 | 946 | 142 | ||
| Other undisclosed assets | 421 | 338 | 191 | 256 | ||
| TOTAL ASSETS: | 18,794 | 18,916 | 14,354 | 15,623 | ||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 4,674 | 3,359 | 2,130 | 4,933 | ||
| Accounts payable | 3,006 | 575 | 538 | |||
| Accrued liabilities | 540 | 159 | ||||
| Other undisclosed accounts payable and accrued liabilities | 1,128 | 2,625 | 1,592 | 4,933 | ||
| Other undisclosed current liabilities | 4,248 | 3,225 | 2,169 | 1,484 | ||
| Total current liabilities: | 8,922 | 6,584 | 4,299 | 6,417 | ||
| Noncurrent Liabilities | ||||||
| Total liabilities: | 8,922 | 6,584 | 4,299 | 6,417 | ||
| Equity | ||||||
| Equity, attributable to parent, including: | 9,872 | 12,332 | 10,055 | 9,207 | ||
| Common stock | 85 | 83 | 77 | 76 | ||
| Additional paid in capital | 21,283 | 20,776 | 18,921 | |||
| Accumulated deficit | (11,495) | (8,527) | (9,230) | (9,791) | ||
| Warrants and rights outstanding | 43 | |||||
| Other undisclosed equity, attributable to parent | (43) | 19,208 | ||||
| Total equity: | 9,872 | 12,332 | 10,055 | 9,207 | ||
| TOTAL LIABILITIES AND EQUITY: | 18,794 | 18,916 | 14,354 | 15,623 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 24,987 | 23,582 | 24,531 | 26,180 | |
| Cost of revenue (Cost of Goods and Services Sold) | (16,077) | (15,304) | (16,415) | (17,401) | |
| Other undisclosed gross profit | 1,271 | ||||
| Gross profit: | 8,910 | 8,278 | 8,115 | 10,051 | |
| Operating expenses | (9,872) | (8,424) | (7,872) | (7,589) | |
| Operating income (loss): | (962) | (146) | 243 | 2,462 | |
| Nonoperating income (expense) | (175) | (91) | (73) | 27 | |
| Investment income, nonoperating | 0 | 21 | |||
| Other nonoperating income (expense) | (175) | (91) | (73) | 55 | |
| Interest and debt expense | (175) | (91) | (74) | (50) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 50 | ||||
| Income (loss) from continuing operations before income taxes: | (1,312) | (329) | 96 | 2,488 | |
| Income tax benefit | 1,831 | 6 | 184 | 591 | |
| Income (loss) from continuing operations: | 519 | (323) | 280 | 3,079 | |
| Income (loss) before gain (loss) on sale of properties: | 519 | (323) | 280 | 3,079 | |
| Net income (loss): | 519 | (323) | 280 | 3,079 | |
| Other undisclosed net income (loss) attributable to parent | (3,488) | 91 | 280 | ||
| Net income (loss) available to common stockholders, diluted: | (2,968) | (231) | 561 | 3,079 | |
Comprehensive Income ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | 519 | (323) | 280 | 3,079 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 519 | (323) | 280 | 3,079 | |
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.