Independence Bancshares Inc (IEBS) Financial Statements (2025 and earlier)

Company Profile

Business Address 500 E. WASHINGTON STREET
GREENVILLE, SC 29602
State of Incorp. SC
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 13,27524,58826,52014,42222,639
Cash and cash equivalents 10,77513,90010,90414,42222,639
Short-term investments 2,50010,68815,616  
Total current assets: 13,27524,58826,52014,42222,639
Noncurrent Assets
Property, plant and equipment 2,0262,1992,3842,5132,190
Total noncurrent assets: 2,0262,1992,3842,5132,190
Other undisclosed assets 75,14970,68171,80887,334100,056
TOTAL ASSETS: 90,44997,467100,712104,269124,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 114113154  
Total current liabilities: 114113154  
Noncurrent Liabilities
Other undisclosed liabilities 80,39184,71091,14889,962104,325
Total liabilities: 80,50584,82391,30189,962104,325
Equity
Equity, attributable to parent, including: 9,94412,6449,41114,30720,560
Additional paid in capital 43,05443,04335,12434,73933,746
Accumulated other comprehensive income (loss) (8)1141(1,217)8
Accumulated deficit (33,306)(30,718)(25,920)(19,419)(13,392)
Other undisclosed equity, attributable to parent 205205205205197
Total equity: 9,94412,6449,41114,30720,560
TOTAL LIABILITIES AND EQUITY: 90,44997,467100,712104,269124,884

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

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 3,8963,4123,753  
Net investment income 3,2723,1943,388  
Financial services revenue 624218365  
Cost of revenue
(Financial Services Costs)
 (407)(150) (105) 
Gross profit: 3,4893,2623,753(105) 
Operating expenses (4,969)(7,503)(9,633)(5,538)(2,299)
Operating loss: (1,480)(4,241)(5,879)(5,643)(2,299)
Nonoperating expense (512)(457)(631)(1,590)(43)
Losses on sales of other real estate (512)(457)(651)(1,590)(43)
Interest and debt expense (326)(331)(312)(490)(967)
Loss from continuing operations before equity method investments, income taxes: (2,319)(5,030)(6,822)(7,723)(3,309)
Other undisclosed income (loss) from continuing operations before income taxes (269)2363221,6962,696
Loss from continuing operations before income taxes: (2,588)(4,793)(6,500)(6,028)(613)
Income tax expense (benefit) 945(5)2,339 266
Loss from continuing operations: (1,643)(4,799)(4,162)(6,028)(347)
Loss before gain (loss) on sale of properties: (1,643)(4,799)(4,162)(6,028)(347)
Net loss: (1,643)(4,799)(4,162)(6,028)(347)
Other undisclosed net loss attributable to parent (945) (2,339) (266)
Net loss available to common stockholders, diluted: (2,588)(4,799)(6,500)(6,028)(613)

Comprehensive Income ($ in thousands)

9/30/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss: (1,643)(4,799)(4,162)(6,028)(347)
Other comprehensive income (loss) (122)113   
Comprehensive loss: (1,765)(4,686)(4,162)(6,028)(347)
Other undisclosed comprehensive loss, net of tax, attributable to parent (945) (1,121)(1,225)(343)
Comprehensive loss, net of tax, attributable to parent: (2,710)(4,686)(5,282)(7,253)(689)

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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