Igen Networks Corp (IGEN) Financial Statements (2024 and earlier)

Company Profile

Business Address 28375 ROSTRATA AVE
LAKE ELSINORE, CA 92532
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7363 - Help Supply Services (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  6427 5729
Cash and cash equivalents  6427 5729
Restricted cash and investments      25
Receivables (16)3935182554
Inventory, net of allowances, customer advances and progress billings3071204372
Inventory3071204372
Prepaid expense    42822
Other undisclosed current assets 38     
Total current assets:521748226146132
Noncurrent Assets
Operating lease, right-of-use asset 5376  
Property, plant and equipment      3
Intangible assets, net (including goodwill) 506506506506506506
Goodwill 506506506506506506
Other undisclosed noncurrent assets 66    
Total noncurrent assets: 564587506506506508
TOTAL ASSETS:616762588532652641
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:360678847983814859
Interest and dividends payable619191917
Taxes payable    80
Employee-related liabilities1532857284
Accounts payable 174540686745613623
Accrued liabilities 50619442050
Other undisclosed accounts payable and accrued liabilities1361119090904
Deferred revenue816697208
Debt597114621 15
Derivative instruments and hedges, liabilities11113719092  
Deferred revenue and credits634
Other undisclosed current liabilities 378915 546340
Total current liabilities:1,1861,0841,1541,3041,3601,847
Noncurrent Liabilities
Long-term debt and lease obligation1615556   
Long-term debt, excluding current maturities161 56   
Liabilities, other than long-term debt10923220755 184
Deferred revenue and credits184
Deferred revenue8280 55
Due to related parties 152207   
Operating lease, liability 2755  
Other undisclosed noncurrent liabilities   42 175 
Total noncurrent liabilities:26928730555175184
Total liabilities:1,4561,3711,4591,3591,5352,031
Temporary equity, carrying amount 138     
Equity
Equity, attributable to parent, including:(978)(694)(923)(859)(883)(1,390)
Common stock1,89051,192746739
Additional paid in capital17,29816,90113,06910,69710,4268,854
Accumulated other comprehensive loss      (61)
Accumulated deficit(20,170)(19,077)(15,185)(11,631)(11,376)(10,223)
Other undisclosed equity, attributable to parent41,4771   
Other undisclosed equity 845232  
Total equity:(978)(610)(871)(827)(883)(1,390)
TOTAL LIABILITIES AND EQUITY:616762588532652641

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
Revenues3182693687241,1991,347
Revenue, net1,347
Net investment income  (473)    
Cost of revenue(323)(124)(271)(428)(646)(864)
Cost of goods and services sold(323) (1,000) (646)(864)
Other undisclosed gross profit      
Gross profit:(5)14597296552483
Operating expenses(968)(3,491)(1,071)(1,102)(1,693)(1,610)
Operating loss:(972)(3,346)(974)(806)(1,140)(1,126)
Nonoperating income (expense)66(82)(1,665)327(3)(91)
Other nonoperating income (expense)66     
Interest and debt expense301(28)(209)(23)(22)39
Loss from continuing operations before equity method investments, income taxes:(605)(3,456)(2,848)(502)(1,165)(1,178)
Other undisclosed income (loss) from continuing operations before income taxes(301)28  22(39)
Loss from continuing operations before income taxes:(907)(3,428)(2,848)(502)(1,143)(1,218)
Income tax expense (1)(1)  (10)(80)
Other undisclosed loss from continuing operations      
Loss from continuing operations:(908)(3,429)(2,848)(502)(1,153)(1,298)
Loss before gain (loss) on sale of properties:(3,429)(2,848)(502)(1,153)(1,298)
Other undisclosed net income1,815     
Net income (loss):908(3,429)(2,848)(502)(1,153)(1,298)
Net income (loss) attributable to noncontrolling interest  3,8013,555(479)  
Other undisclosed net income (loss) attributable to parent(1,815)(3,801)(3,346)502  
Net loss attributable to parent:(908)(3,429)(2,639)(479)(1,153)(1,298)
Preferred stock dividends and other adjustments(252)  47  
Other undisclosed net income available to common stockholders, basic      
Net loss available to common stockholders, basic:(1,159)(3,429)(2,639)(432)(1,153)(1,298)
Interest on convertible debt      
Net loss available to common stockholders, diluted:(1,159)(3,429)(2,639)(432)(1,153)(1,298)

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 income (loss):908(3,429)(2,848)(502)(1,153)(1,298)
Other comprehensive loss    (581)  
Comprehensive income (loss):908(3,429)(2,848)(1,084)(1,153)(1,298)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  3,8013,555(479)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    1,08461(29)
Comprehensive income (loss), net of tax, attributable to parent:908372706(479)(1,092)(1,326)

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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