Eco-shift Power Corp (IFLI) Financial Statements (2024 and earlier)

Company Profile

Business Address 1090 FOUNTAIN STREET NORTH
CAMBRIDGE, ON N3H 4R7
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 72 - Personal Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2015
MRQ
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2061082
Cash and cash equivalents 2061082
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)39312
Total current assets: 2,06469814
Noncurrent Assets
Property, plant and equipment 681215
Intangible assets, net (including goodwill) 4,606201
Goodwill 2,225  
Intangible assets, net (excluding goodwill) 2,381 201
Other undisclosed noncurrent assets   (201)
Total noncurrent assets: 4,6741215
TOTAL ASSETS: 6,73871029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,35241873
Other undisclosed accounts payable and accrued liabilities 2,35241873
Debt 73660436
Derivative instruments and hedges, liabilities 851  
Estimated litigation liability   23
Billings in excess of cost 448  
Due to related parties 309119 
Customer advances and deposits 216
Other undisclosed current liabilities 2,459  
Total current liabilities: 7,3711,141133
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  759459
Total liabilities: 7,5221,900591
Equity
Equity, attributable to parent, including: (784)(1,190)(563)
Preferred stock 00 
Common stock 634549 
Additional paid in capital 5,5002,8961,910
Accumulated other comprehensive income 22782 
Accumulated deficit (7,255)(4,717)(3,352)
Warrants and rights outstanding 13,299  
Other undisclosed equity, attributable to parent (13,189) 880
Total equity: (784)(1,190)(563)
TOTAL LIABILITIES AND EQUITY: 6,73871029

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

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues 1,2711,370120
Revenue, net   120
Cost of revenue
(Cost of Goods and Services Sold)
 (1,275)(804)(105)
Other undisclosed gross profit 268 37
Gross profit: 26456651
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)
Loss from continuing operations: (2,559)(3,541)(2,496)
Loss before gain (loss) on sale of properties: (2,559)(3,541)(2,496)
Net loss: (2,559)(3,541)(2,496)
Other undisclosed net income (loss) attributable to parent 20548(25)
Net loss available to common stockholders, diluted: (2,539)(2,993)(2,521)

Comprehensive Income ($ in thousands)

3/31/2015
TTM
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 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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