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 investments8885494
Cash and cash equivalents8885494
Receivables 18574 
Inventory, net of allowances, customer advances and progress billings926 
Inventory926 
Prepaid expense41  
Other undisclosed current assets192114155
Total current assets:598279648
Noncurrent Assets
Operating lease, right-of-use asset
Property, plant and equipment4322
Long-term investments and receivables 1,2271,2255
Long-term investments 1,2271,225 
Accounts and financing receivable, after allowance for credit loss   5
Intangible assets, net (including goodwill)33 
Intangible assets, net (excluding goodwill)33 
Other undisclosed noncurrent assets1,022  
Total noncurrent assets:2,2951,2298
TOTAL ASSETS:2,8931,508656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,23416243
Taxes payable 243438
Employee-related liabilities 189507
Accrued liabilities   96
Other undisclosed accounts payable and accrued liabilities1,02178(98)
Debt2019 
Derivative instruments and hedges, liabilities1,807541 
Deferred revenue and credits847222
Due to related parties5817713
Other undisclosed current liabilities568243141
Total current liabilities:3,6871,988419
Noncurrent Liabilities
Long-term debt and lease obligation965982 
Long-term debt, excluding current maturities965982 
Operating lease, liability
Other undisclosed noncurrent liabilities 13 
Total noncurrent liabilities:965995 
Total liabilities:4,6522,983419
Equity
Equity, attributable to parent, including:(1,758)(1,475)237
Preferred stock 0  
Common stock1266
Common stock, value, subscriptions10 
Additional paid in capital4,837331104
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:2,8931,508656

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

12/31/2020
12/31/2018
12/31/2017
12/31/2016
Revenues3254711,898
Revenue, net86917
Revenue from related parties 82
Other operating income243  
Other income  384981
Cost of revenue(182)(293)(777)
Cost of goods and services sold   (242)
Other cost of operating revenue(157)(257) 
Gross profit:1431771,121
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 parent144266 
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.

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