Eco-shift Power Corp (IFLI) financial statements (2022 and earlier)
Company profile
| Business Address |
1090 FOUNTAIN STREET NORTH CAMBRIDGE, ON N3H 4R7 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 72 - Personal Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 206 | 108 | 2 | ||
| Cash and cash equivalents | 206 | 108 | 2 | ||
| Receivables | 4,508 | ||||
| Inventory, net of allowances, customer advances and progress billings | 143 | ✕ | |||
| Inventory | 143 | ||||
| Prepaid expense | 55 | ✕ | |||
| Costs in excess of billings | 531 | ||||
| Other undisclosed current assets | (3,180) | 393 | 12 | ||
| Total current assets: | 2,064 | 698 | 14 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 68 | 12 | 15 | ||
| Intangible assets, net (including goodwill) | 4,606 | ✕ | 201 | ||
| Goodwill | 2,225 | ||||
| Intangible assets, net (excluding goodwill) | 2,381 | 201 | |||
| Other undisclosed noncurrent assets | (201) | ||||
| Total noncurrent assets: | 4,674 | 12 | 15 | ||
| TOTAL ASSETS: | 6,738 | 710 | 29 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 2,352 | 418 | 73 | ||
| Other undisclosed accounts payable and accrued liabilities | 2,352 | 418 | 73 | ||
| Debt | 736 | 604 | 36 | ||
| Derivative instruments and hedges, liabilities | 851 | ||||
| Estimated litigation liability | 23 | ||||
| Due to related parties | 309 | 119 | |||
| Billings in excess of cost | 448 | ||||
| Customer advances and deposits | 216 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 2,459 | ||||
| Total current liabilities: | 7,371 | 1,141 | 133 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 67 | ||||
| Long-term debt, excluding current maturities | 67 | ||||
| Liabilities, other than long-term debt | 152 | ||||
| Derivative instruments and hedges, liabilities | 152 | ||||
| Other undisclosed noncurrent liabilities | (67) | ||||
| Total noncurrent liabilities: | 152 | ||||
| Other undisclosed liabilities | 759 | 459 | |||
| Total liabilities: | 7,522 | 1,900 | 591 | ||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | (784) | (1,190) | (563) | ||
| Preferred stock | 0 | 0 | |||
| Common stock | 634 | 549 | |||
| Additional paid in capital | 5,500 | 2,896 | 1,910 | ||
| Accumulated other comprehensive income | 227 | 82 | |||
| Accumulated deficit | (7,255) | (4,717) | (3,352) | ||
| Warrants and rights outstanding | 13,299 | ||||
| Other undisclosed stockholders' equity attributable to parent | (13,189) | 880 | |||
| Total stockholders' equity: | (784) | (1,190) | (563) | ||
| TOTAL LIABILITIES AND EQUITY: | 6,738 | 710 | 29 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues | 1,271 | 1,370 | 120 | |
| Revenue, net | 120 | |||
| Cost of revenue (Cost of Goods and Services Sold) | (1,275) | (804) | (105) | |
| Other undisclosed gross profit | 268 | 37 | ||
| Gross profit: | 264 | 566 | 51 | |
| Operating expenses | (2,803) | (3,559) | (2,371) | |
| Other operating expense, net | (201) | |||
| Operating loss: | (2,539) | (2,993) | (2,521) | |
| Nonoperating income (Other Nonoperating income) | 26 | |||
| Interest and debt expense | (20) | (548) | (1) | |
| Net loss: | (2,559) | (3,541) | (2,496) | |
| Other undisclosed net income (loss) attributable to parent | 20 | 548 | (25) | |
| Net loss available to common stockholders, diluted: | (2,539) | (2,993) | (2,521) | |
Comprehensive Income ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (2,559) | (3,541) | (2,496) | |
| Other comprehensive loss | (2,395) | (2,884) | ||
| Comprehensive loss, net of tax, attributable to parent: | (4,953) | (6,425) | (2,496) | |
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.