Innerscope Hearing Technologies, Inc. (INND) Financial Statements (2024 and earlier)
Company Profile
Business Address |
2151 PROFESSIONAL DRIVE ROSEVILLE, CA 95661 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 7311 - Advertising Agencies (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
12/31/2020 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
---|---|---|---|---|---|---|
ASSETS | ||||||
Current Assets | ||||||
Cash, cash equivalents, and short-term investments | 88 | 85 | 494 | |||
Cash and cash equivalents | 88 | 85 | 494 | |||
Receivables | 185 | 74 | ||||
Inventory, net of allowances, customer advances and progress billings | 92 | 6 | ||||
Inventory | 92 | 6 | ||||
Prepaid expense | 41 | |||||
Other undisclosed current assets | 192 | 114 | 155 | |||
Total current assets: | 598 | 279 | 648 | |||
Noncurrent Assets | ||||||
Operating lease, right-of-use asset | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 43 | 2 | 2 | |||
Long-term investments and receivables | 1,227 | 1,225 | 5 | |||
Long-term investments | 1,227 | 1,225 | ||||
Accounts and financing receivable, after allowance for credit loss | 5 | |||||
Intangible assets, net (including goodwill) | 3 | 3 | ||||
Intangible assets, net (excluding goodwill) | 3 | 3 | ||||
Other undisclosed noncurrent assets | 1,022 | |||||
Total noncurrent assets: | 2,295 | 1,229 | 8 | |||
TOTAL ASSETS: | 2,893 | 1,508 | 656 | |||
LIABILITIES AND EQUITY | ||||||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts payable and accrued liabilities, including: | 1,234 | 162 | 43 | |||
Taxes payable | 24 | 34 | 38 | |||
Employee-related liabilities | 189 | 50 | 7 | |||
Accrued liabilities | 96 | |||||
Other undisclosed accounts payable and accrued liabilities | 1,021 | 78 | (98) | |||
Debt | 20 | 19 | ||||
Derivative instruments and hedges, liabilities | 1,807 | 541 | ||||
Deferred revenue and credits | ✕ | ✕ | 847 | 222 | ||
Due to related parties | 58 | 177 | 13 | |||
Other undisclosed current liabilities | 568 | 243 | 141 | |||
Total current liabilities: | 3,687 | 1,988 | 419 | |||
Noncurrent Liabilities | ||||||
Long-term debt and lease obligation | 965 | 982 | ||||
Long-term debt, excluding current maturities | 965 | 982 | ||||
Operating lease, liability | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 13 | |||||
Total noncurrent liabilities: | 965 | 995 | ||||
Total liabilities: | 4,652 | 2,983 | 419 | |||
Equity | ||||||
Equity, attributable to parent, including: | (1,758) | (1,475) | 237 | |||
Preferred stock | 0 | |||||
Common stock | 12 | 6 | 6 | |||
Common stock, value, subscriptions | 1 | 0 | ||||
Additional paid in capital | 4,837 | 331 | 104 | |||
Deferred compensation equity | (236) | (25) | ||||
Retained earnings (accumulated deficit) | (6,372) | (1,787) | 126 | |||
Other undisclosed equity, attributable to parent | (0) | (0) | ||||
Total equity: | (1,758) | (1,475) | 237 | |||
TOTAL LIABILITIES AND EQUITY: | 2,893 | 1,508 | 656 |
Income Statement (P&L) ($ in thousands)
12/31/2020 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
---|---|---|---|---|---|
Revenues | 325 | 471 | 1,898 | ||
Revenue, net | ✕ | ✕ | 86 | 917 | |
Revenue from related parties | 82 | ✕ | ✕ | ||
Other operating income | 243 | ||||
Other income | 384 | 981 | |||
Cost of revenue | (182) | (293) | (777) | ||
Cost of goods and services sold | (242) | ||||
Other cost of operating revenue | (157) | (257) | |||
Gross profit: | 143 | 177 | 1,121 | ||
Operating expenses | (2,852) | (1,404) | (1,076) | ||
Operating income (loss): | (2,709) | (1,226) | 45 | ||
Nonoperating income (expense) | (1,877) | (687) | 62 | ||
Other nonoperating income (expense) | (1,877) | (687) | 62 | ||
Interest and debt expense | (144) | (266) | |||
Income (loss) from continuing operations before income taxes: | (4,729) | (2,179) | 107 | ||
Income tax expense | (37) | ||||
Income (loss) from continuing operations: | (4,729) | (2,179) | 70 | ||
Income (loss) before gain (loss) on sale of properties: | (4,729) | (2,179) | 70 | ||
Net income (loss): | (4,729) | (2,179) | 70 | ||
Other undisclosed net income attributable to parent | 144 | 266 | |||
Net income (loss) available to common stockholders, diluted: | (4,585) | (1,913) | 70 |
Comprehensive Income ($ in thousands)
12/31/2020 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
---|---|---|---|---|---|
Net income (loss): | (4,729) | (2,179) | 70 | ||
Comprehensive income (loss), net of tax, attributable to parent: | (4,729) | (2,179) | 70 |
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.