Item 9 Labs Corp. (INLB) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2111 E HIGHLAND AVE PHOENIX, AZ 85016 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 3843 - Dental Equipment and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2015 | 9/30/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 86 | 1,454 | 85 | 575 | 42 | 43 | |||
| Cash and cash equivalents | 86 | 1,454 | 85 | 575 | 42 | 43 | |||
| Receivables | 586 | 1,448 | 161 | 505 | 1 | 3 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,464 | 6,391 | 45 | 72 | |||||
| Inventory | 2,464 | 6,391 | 45 | 72 | |||||
| Deferred costs | 2,147 | 1,937 | 6 | ||||||
| Deposits current assets | 2 | 2 | |||||||
| Other undisclosed current assets | 417 | 1,303 | 500 | (53) | 6 | 68 | |||
| Total current assets: | 3,553 | 10,597 | 2,892 | 2,963 | 96 | 194 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 939 | 157 | 197 | ✕ | ✕ | ||||
| Property, plant and equipment | 21,020 | 10,878 | 7,209 | 7,170 | 14 | 20 | |||
| Long-term investments and receivables | 100 | ||||||||
| Long-term investments | 100 | ||||||||
| Intangible assets, net (including goodwill) | 69,975 | 76,724 | 8,882 | 2,956 | 292 | ||||
| Goodwill | 58,233 | 58,065 | 1,116 | 1,116 | |||||
| Intangible assets, net (excluding goodwill) | 11,741 | 18,659 | 7,765 | 1,840 | 292 | ||||
| Deposits noncurrent assets | 87 | 600 | |||||||
| Other noncurrent assets | 656 | ||||||||
| Other undisclosed noncurrent assets | 14,533 | 17,854 | 1,484 | 1,285 | 2 | 3 | |||
| Total noncurrent assets: | 107,208 | 106,212 | 17,771 | 11,511 | 16 | 315 | |||
| TOTAL ASSETS: | 110,762 | 116,809 | 20,664 | 14,474 | 113 | 509 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 9,750 | 9,000 | 4,765 | 2,297 | 1,780 | 72 | |||
| Interest and dividends payable | ✕ | ✕ | 1,392 | 781 | 675 | 2 | 1 | ||
| Taxes payable | ✕ | ✕ | 87 | ||||||
| Employee-related liabilities | ✕ | ✕ | 2,679 | 198 | 78 | 14 | |||
| Accounts payable | 6,422 | 3,760 | 1,977 | 1,077 | 1,640 | 1,640 | |||
| Accrued liabilities | 3,328 | 1,170 | 1,809 | 380 | 138 | 72 | |||
| Other undisclosed accounts payable and accrued liabilities | (1,655) | ||||||||
| Deferred revenue | 220 | 120 | ✕ | ✕ | |||||
| Debt | 15,924 | 4,536 | 3,193 | 2,320 | 48 | 28 | |||
| Due to related parties | 243 | 20 | 1,325 | ||||||
| Other undisclosed current liabilities | 14,448 | 1,334 | 2,330 | 2,521 | 44 | 1,673 | |||
| Total current liabilities: | 40,586 | 14,990 | 10,289 | 7,138 | 1,891 | 3,097 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 7,217 | 15,062 | 140 | ||||||
| Long-term debt, excluding current maturities | 7,217 | 14,957 | |||||||
| Liabilities, other than long-term debt | 1,019 | 656 | 3,206 | ||||||
| Deferred revenue | 336 | 656 | ✕ | ✕ | |||||
| Due to related parties | 3,206 | ||||||||
| Operating lease, liability | 683 | 104 | 140 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 2,079 | 48 | |||||||
| Total noncurrent liabilities: | 8,235 | 15,718 | 2,360 | 3,206 | 48 | ||||
| Total liabilities: | 48,821 | 30,708 | 12,649 | 7,138 | 5,097 | 3,145 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 61,961 | 86,101 | 21,465 | 7,460 | (4,985) | (2,636) | |||
| Common stock | 11 | 11 | 7 | 6 | 7 | 6 | |||
| Treasury stock, value | (13,450) | (13,450) | (13,450) | ||||||
| Common stock, value, subscriptions | 0 | ||||||||
| Additional paid in capital | 140,417 | 133,415 | 44,427 | 18,149 | 31,844 | 29,452 | |||
| Accumulated deficit | (65,017) | (33,874) | (22,968) | (10,695) | (36,836) | (32,095) | |||
| Other undisclosed equity, attributable to parent | 13,450 | ||||||||
| Equity, attributable to noncontrolling interest | (21) | (124) | |||||||
| Other undisclosed equity | (13,450) | ||||||||
| Total equity: | 61,941 | 86,101 | 8,015 | 7,336 | (4,985) | (2,636) | |||
| TOTAL LIABILITIES AND EQUITY: | 110,762 | 116,809 | 20,664 | 14,474 | 113 | 509 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2015 | 9/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 21,757 | 21,937 | 8,122 | 4,934 | 113 | 179 | ||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | (707) | ||
| Cost of revenue | (14,445) | (13,324) | (4,826) | (2,556) | (117) | (116) | ||
| Cost of goods and services sold | (24) | |||||||
| Gross profit: | 7,312 | 8,613 | 3,296 | 2,378 | (4) | 64 | ||
| Operating expenses | (30,377) | (14,214) | (8,722) | (12,519) | (1,112) | (1,169) | ||
| Other undisclosed operating loss | (15,977) | |||||||
| Operating loss: | (23,065) | (5,601) | (5,426) | (10,141) | (1,116) | (17,082) | ||
| Nonoperating income (expense) | (8,101) | (5,305) | 0 | 192 | (3,625) | (14,575) | ||
| Other nonoperating income (expense) | 0 | (9) | (6,960) | 192 | (3,625) | (15,977) | ||
| Interest and debt expense | (1,686) | (5,295) | (6,960) | (343) | (393) | (1,368) | ||
| Loss from continuing operations before income taxes: | (32,852) | (16,201) | (12,386) | (10,291) | (5,134) | (33,025) | ||
| Income tax expense (benefit) | (13) | 86 | (534) | |||||
| Other undisclosed income from continuing operations | 343 | |||||||
| Loss from continuing operations: | (32,865) | (16,201) | (12,300) | (9,949) | (5,134) | (33,559) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (16,201) | (12,300) | (9,949) | (5,134) | (33,559) | |
| Net loss: | (32,865) | (16,201) | (12,300) | (9,949) | (5,134) | (33,559) | ||
| Net income attributable to noncontrolling interest | 26 | 124 | ||||||
| Other undisclosed net income (loss) attributable to parent | 1,686 | 5,295 | (26) | (124) | 393 | 16,477 | ||
| Net loss available to common stockholders, diluted: | (31,179) | (10,906) | (12,300) | (9,949) | (4,741) | (17,082) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2015 | 9/30/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (32,865) | (16,201) | (12,300) | (9,949) | (5,134) | (33,559) | ||
| Comprehensive loss: | (32,865) | (16,201) | (12,300) | (9,949) | (5,134) | (33,559) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (16) | 26 | 124 | |||||
| Comprehensive loss, net of tax, attributable to parent: | (32,881) | (16,201) | (12,273) | (9,825) | (5,134) | (33,559) | ||
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.