iQSTEL Inc. (IQST) financial statements (2021 and earlier)

Company profile

Business Address 300 ARAGON AVENUE, SUITE 375
CORAL GABLES, FL 33134
State of Incorp. NV
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6477802572712108071
Cash and cash equivalents6477802572712108071
Receivables1,9622,7072,3922,7592,8171,5971,854
Prepaid expense6979979211310962
Other undisclosed current assets290288287317286272258
Total current assets:2,9693,8533,0333,4383,4262,0592,244
Noncurrent Assets
Property, plant and equipment354351320288270266273
Intangible assets, net (including goodwill)1,5601,5601,4561,4561,456  
Goodwill1,5381,5381,4561,4561,456  
Intangible assets, net (excluding goodwill)2222     
Other undisclosed noncurrent assets442430421421409  
Total noncurrent assets:2,3562,3412,1972,1642,135266273
TOTAL ASSETS:5,3246,1945,2305,6035,5612,3242,517
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1552,5352,4382,2922,1781,1501,151
Accounts payable1,8032,2802,2752,2922,0121,0391,075
Employee-related liabilities352255163 16511176
Debt1,3701,205210179194212199
Derivative instruments and hedges, liabilities6581,1603,8374,7445,4162,5603,084
Due to related parties951553535354123
Other liabilities761675753848581394356
Other undisclosed current liabilities2,9022,7863,7053,0472,45238267
Total current liabilities:7,9418,51610,97811,14610,8554,7404,880
Noncurrent Liabilities
Long-term debt and lease obligation2692711701781791 
Long-term debt, excluding current maturities2692711701781791 
Liabilities, other than long-term debt    148  
Other liabilities    148  
Other undisclosed noncurrent liabilities158153218506  
Total noncurrent liabilities:4274243882283341 
Total liabilities:8,3688,94011,36611,37311,1894,7414,880
Stockholders' equity
Stockholders' equity attributable to parent, including:(2,243)(1,993)(5,212)(5,770)(4,747)(2,416)(2,363)
Common stock78684618161515
Additional paid in capital9,3918,6866,7593,2412,9241,7451,314
Accumulated other comprehensive income (loss)(39)(17)(2)(0)23  
Accumulated deficit(11,674)(10,730)(12,016)(8,125)(7,710)(4,177)(3,693)
Other undisclosed stockholders' equity attributable to parent   (904)   
Stockholders' equity attributable to noncontrolling interest(800)(753)(924) (881)  
Total stockholders' equity:(3,043)(2,746)(6,136)(5,770)(5,628)(2,416)(2,363)
TOTAL LIABILITIES AND EQUITY:5,3246,1945,2305,6035,5612,3242,517

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Revenues13,29211,1305,0175,4424,1734,2534,163
Other operating income    (2,254)460(1,008)
Cost of revenue(13,159)(10,398)(5,179)(5,249)(3,929)(4,345)(3,728)
Gross profit:133732(161)194243(92)436
Operating expenses(959)(905)(1,298)(425)(493)(342)(191)
Operating income (loss):(826)(173)(1,459)(231)(249)(433)245
Nonoperating income (expense)(144)1,550(2,451)(184)(3,269)(51)(1,271)
Investment income, nonoperating    (1,009)(511)(265)
Interest and debt expense(331)283     
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2,654)   
Income (loss) from continuing operations before equity method investments, income taxes:(1,302)1,661(3,909)(3,069)(3,518)(484)(1,026)
Other undisclosed income (loss) from continuing operations before income taxes331(283) 2,654   
Income (loss) from continuing operations before income taxes:(970)1,377(3,909)(415)(3,518)(484)(1,026)
Income tax benefit    1  
Other undisclosed loss from continuing operations   (1)   
Net income (loss):(970)1,377(3,909)(416)(3,517)(484)(1,026)
Net income (loss) attributable to noncontrolling interest26(91)191(16)  
Net income (loss) available to common stockholders, diluted:(944)1,286(3,890)(415)(3,533)(484)(1,026)

Comprehensive Income ($ in thousands)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
Net income (loss):(970)1,377(3,909)(416)(3,517)(484)(1,026)
Other undisclosed comprehensive income (loss)(43)(30)(3)(45)45  
Comprehensive income (loss):(1,013)1,347(3,912)(461)(3,473)(484)(1,026)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest47(77)2023(38)  
Comprehensive income (loss), net of tax, attributable to parent:(966)1,271(3,892)(438)(3,510)(484)(1,026)

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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