Igen Networks Corp (IGEN) financial statements (2021 and earlier)

Company profile

Business Address 28375 ROSTRATA AVE
LAKE ELSINORE, CA 92532
State of Incorp. NV
Fiscal Year End December 31
SIC 7363 - Help Supply Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2724   3713
Cash and cash equivalents2724   3713
Receivables35   18  
Inventory, net of allowances, customer advances and progress billings2012824213
Inventory2012824213
Prepaid expense    444
Other undisclosed current assets 1421 3727
Total current assets:82361224269948
Noncurrent Assets
Intangible assets, net (including goodwill)506506506506506506506
Goodwill506506506506506506506
Total noncurrent assets:506506506506506506506
TOTAL ASSETS:588542517529532604553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:847957927933983923976
Accounts payable686   745  
Accrued liabilities19   44  
Employee-related liabilities32   85  
Interest and dividends payable19   19  
Other undisclosed accounts payable and accrued liabilities9095792793390923976
Deferred revenue97106143170208346344
Debt61929792131
Derivative instruments and hedges, liabilities190103540183921,042275
Other undisclosed current liabilities1521260    
Total current liabilities:1,1541,3961,6981,3661,3042,3141,596
Noncurrent Liabilities
Long-term debt and lease obligation56      
Long-term debt, excluding current maturities56      
Liabilities, other than long-term debt20739476055  
Deferred revenue 39476055  
Due to related parties207      
Other undisclosed noncurrent liabilities42    122128
Total noncurrent liabilities:30539476055122128
Total liabilities:1,4591,4341,7451,4261,3592,4371,724
Stockholders' equity
Stockholders' equity attributable to parent, including:(923)(928)(1,295)(911)(859)(1,837)(1,172)
Common stock1,1921,1441,010278746868
Additional paid in capital13,06912,89612,51611,39310,69710,52110,500
Retained earnings (accumulated deficit)(15,185)(14,970)(14,822)(12,583)(11,631)(2,216)11,740
Other undisclosed stockholders' equity attributable to parent1111 (10,210)(23,480)
Other undisclosed stockholders' equity523567 3252
Total stockholders' equity:(871)(892)(1,228)(911)(827)(1,832)(1,171)
Other undisclosed liabilities and equity   14   
TOTAL LIABILITIES AND EQUITY:588542517529532604553

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues7478104112130150198
Cost of revenue(136)(43)(25)(68)(239)(72)(85)
Gross profit:(61)357944(109)78113
Operating expenses(140)(254)(233)(444)(269)(255)(273)
Other operating income (expense), net     (459)57
Other undisclosed operating income     459 
Operating loss:(201)(220)(154)(400)(378)(176)(103)
Nonoperating income (expense)72192(1,469)(459)   
Other nonoperating income 192     
Interest and debt expense(512)30(196)(78)(509)365121
Other undisclosed income from continuing operations before equity method investments, income taxes    327  
Income (loss) from continuing operations before income taxes:(642)2(1,819)(937)(560)18918
Income tax benefit    45  
Net income (loss):(642)2(1,819)(937)(515)18918
Net income (loss) attributable to noncontrolling interest    (1,526)683 
Other undisclosed net income (loss) attributable to parent512(30)196782,392(1,507)(121)
Net income (loss) attributable to parent:(130)(27)(1,623)(859)351(636)(103)
Other undisclosed net income available to common stockholders, basic    47  
Net income (loss) available to common stockholders, diluted:(130)(27)(1,623)(859)397(636)(103)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(642)2(1,819)(937)(515)18918
Other undisclosed comprehensive loss    (581)  
Comprehensive income (loss):(642)2(1,819)(937)(1,097)18918
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (1,526)683 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,555   2,973(1,507) 
Comprehensive income (loss), net of tax, attributable to parent:2,9132(1,819)(937)351(636)18

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.

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