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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    845335
Cash and cash equivalents    845335
Receivables   (16)   
Inventory, net of allowances, customer advances and progress billings34343048137189
Inventory34343048137189
Other undisclosed current assets 0138106230
Total current assets:343452142252254
Noncurrent Assets
Operating lease, right-of-use asset  4753596571
Intangible assets, net (including goodwill)  506506506506506
Goodwill  506506506506506
Other undisclosed noncurrent assets  66666
Total noncurrent assets:  558564570576582
TOTAL ASSETS:34593616712828836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:330360360378438663
Accounts payable   174   
Accrued liabilities   50   
Other undisclosed accounts payable and accrued liabilities330360136378438663
Deferred revenue727781817967
Debt674635597423357208
Derivative instruments and hedges, liabilities5688111103113105
Other undisclosed current liabilities 3837373737114
Total current liabilities:1,1701,1981,1861,0231,0251,157
Noncurrent Liabilities
Long-term debt and lease obligation164162161300306 
Long-term debt, excluding current maturities164162161266264 
Liabilities, other than long-term debt51851098688312
Deferred revenue516682868875
Due to related parties   237
Operating lease, liability  19273542 
Other undisclosed noncurrent liabilities (1)    49
Total noncurrent liabilities:213248269386394361
Total liabilities:1,3821,4461,4561,4101,4181,518
Temporary equity, carrying amount 64103138160  
Equity
Equity, attributable to parent, including:(1,413)(956)(978)(857)(747)(794)
Preferred stock     55
Common stock2,3192,0341,8901,6871,5711,537
Additional paid in capital17,28117,34817,29817,19417,05617,023
Accumulated deficit(21,016)(20,342)(20,170)(19,742)(19,378)(19,359)
Other undisclosed equity, attributable to parent4444  
Other undisclosed equity    157112
Total equity:(1,413)(956)(978)(857)(590)(682)
TOTAL LIABILITIES AND EQUITY:34593616712828836

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues3647491329246
Net investment income      (113)
Cost of revenue(27)(27)(55)(161)(92)(14)
Cost of goods and services sold(27)(27)(55)(161)(92) 
Other undisclosed gross profit   (1)   
Gross profit:920(7)(30)(0)32
Operating expenses(607)(135)(199)(325)(228)(216)
Operating loss:(597)(115)(205)(355)(228)(184)
Nonoperating income (expense)(52)(2)(165)(6)239(2)
Other nonoperating income (expense)(52)(2)(165)(6)239 
Interest and debt expense(40)(47)64471272(16)
Income (loss) from continuing operations before equity method investments, income taxes:(689)(163)274(291)283(202)
Other undisclosed income (loss) from continuing operations before income taxes  47(301)  16
Income (loss) from continuing operations before income taxes:(689)(117)(28)(291)283(186)
Other undisclosed loss from continuing operations   (1)   
Income (loss) from continuing operations:(689)(117)(28)(291)283(186)
Income (loss) before gain (loss) on sale of properties:(291)283(186)
Other undisclosed net income   399  372
Net income (loss):(689)(117)371(291)283186
Net income attributable to noncontrolling interest      282
Other undisclosed net income (loss) attributable to parent40 (742)(71)(272)(655)
Net income (loss) attributable to parent:(649)(117)(371)(361)11(186)
Preferred stock dividends and other adjustments   (380)126(30) 
Other undisclosed net income (loss) available to common stockholders, basic(24)(55)257(252)  
Net loss available to common stockholders, basic:(674)(172)(494)(487)(19)(186)
Interest on convertible debt  40    
Net loss available to common stockholders, diluted:(674)(132)(494)(487)(19)(186)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(689)(117)371(291)283186
Comprehensive income (loss):(689)(117)371(291)283186
Comprehensive income, net of tax, attributable to noncontrolling interest      282
Comprehensive income (loss), net of tax, attributable to parent:(689)(117)371(291)283469

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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