Igen Networks Corp (IGEN) Financial Statements (2025 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 | 64 | 27 | 57 | 29 | |||||
| Cash and cash equivalents | 64 | 27 | 57 | 29 | |||||
| Restricted cash and investments | 25 | ||||||||
| Receivables | (16) | 39 | 35 | 18 | 25 | 54 | |||
| Inventory, net of allowances, customer advances and progress billings | 30 | 71 | 20 | 4 | 37 | 2 | |||
| Inventory | 30 | 71 | 20 | 4 | 37 | 2 | |||
| Prepaid expense | 4 | 28 | 22 | ||||||
| Other undisclosed current assets | 38 | ||||||||
| Total current assets: | 52 | 174 | 82 | 26 | 146 | 132 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 53 | 76 | ✕ | ✕ | |||||
| Property, plant and equipment | 3 | ||||||||
| Intangible assets, net (including goodwill) | 506 | 506 | 506 | 506 | 506 | 506 | |||
| Goodwill | 506 | 506 | 506 | 506 | 506 | 506 | |||
| Other undisclosed noncurrent assets | 6 | 6 | |||||||
| Total noncurrent assets: | 564 | 587 | 506 | 506 | 506 | 508 | |||
| TOTAL ASSETS: | 616 | 762 | 588 | 532 | 652 | 641 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 360 | 678 | 847 | 983 | 814 | 859 | |||
| Interest and dividends payable | ✕ | ✕ | 6 | 19 | 19 | 19 | 17 | ||
| Taxes payable | ✕ | ✕ | 80 | ||||||
| Employee-related liabilities | ✕ | ✕ | 15 | 32 | 85 | 72 | 84 | ||
| Accounts payable | 174 | 540 | 686 | 745 | 613 | 623 | |||
| Accrued liabilities | 50 | 6 | 19 | 44 | 20 | 50 | |||
| Other undisclosed accounts payable and accrued liabilities | 136 | 111 | 90 | 90 | 90 | 4 | |||
| Deferred revenue | 81 | 66 | 97 | 208 | ✕ | ✕ | |||
| Debt | 597 | 114 | 6 | 21 | 15 | ||||
| Derivative instruments and hedges, liabilities | 111 | 137 | 190 | 92 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 634 | ||
| Other undisclosed current liabilities | 37 | 89 | 15 | 546 | 340 | ||||
| Total current liabilities: | 1,186 | 1,084 | 1,154 | 1,304 | 1,360 | 1,847 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 161 | 55 | 56 | ||||||
| Long-term debt, excluding current maturities | 161 | 56 | |||||||
| Liabilities, other than long-term debt | 109 | 232 | 207 | 55 | 184 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 184 | ||
| Deferred revenue | 82 | 80 | 55 | ✕ | ✕ | ||||
| Due to related parties | ✕ | 152 | 207 | ||||||
| Operating lease, liability | 27 | 55 | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | 42 | 175 | |||||||
| Total noncurrent liabilities: | 269 | 287 | 305 | 55 | 175 | 184 | |||
| Total liabilities: | 1,456 | 1,371 | 1,459 | 1,359 | 1,535 | 2,031 | |||
| Temporary equity, carrying amount | 138 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (978) | (694) | (923) | (859) | (883) | (1,390) | |||
| Common stock | 1,890 | 5 | 1,192 | 74 | 67 | 39 | |||
| Additional paid in capital | 17,298 | 16,901 | 13,069 | 10,697 | 10,426 | 8,854 | |||
| Accumulated other comprehensive loss | (61) | ||||||||
| Accumulated deficit | (20,170) | (19,077) | (15,185) | (11,631) | (11,376) | (10,223) | |||
| Other undisclosed equity, attributable to parent | 4 | 1,477 | 1 | ||||||
| Other undisclosed equity | 84 | 52 | 32 | ||||||
| Total equity: | (978) | (610) | (871) | (827) | (883) | (1,390) | |||
| TOTAL LIABILITIES AND EQUITY: | 616 | 762 | 588 | 532 | 652 | 641 | |||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 318 | 269 | 368 | 724 | 1,199 | 1,347 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,347 | |
| 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) | 145 | 97 | 296 | 552 | 483 | ||
| 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 expense | 301 | (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 income | 1,815 | |||||||
| Net income (loss): | 908 | (3,429) | (2,848) | (502) | (1,153) | (1,298) | ||
| Net income (loss) attributable to noncontrolling interest | 3,801 | 3,555 | (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 | 3,801 | 3,555 | (479) | |||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,084 | 61 | (29) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 908 | 372 | 706 | (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.