Ironclad Encryption Corporation (IRNC) financial statements (2021 and earlier)

Company profile

Business Address 777 SOUTH POST OAK LANE
HOUSTON, TX 77056
State of Incorp. DE
Fiscal Year End March 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments150150336278110264427
Cash and cash equivalents150150336278110264427
Receivables      371
Prepaid expense36333230534543
Total current assets:187183367307163309841
Noncurrent Assets
Intangible assets, net (including goodwill)615401364368372383368
Intangible assets, net (excluding goodwill)615401364368372383368
Total noncurrent assets:615401364368372383368
TOTAL ASSETS:8025857316755346921,209
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5893,0932,7772,6382,3631,9871,727
Accounts payable994708619604612693670
Accrued liabilities23523824023823315087
Employee-related liabilities2,2852,0821,8821,6861,3921,041896
Interest and dividends payable75653611012610373
Derivative instruments and hedges, liabilities9171,0131,389 1,7795,269 
Due to related parties68749097433556
Other undisclosed current liabilities8109367692,9779599251,308
Total current liabilities:5,3845,1165,0255,7115,1448,2153,091
Noncurrent Liabilities
Long-term debt and lease obligation      465
Long-term debt, excluding current maturities      465
Total noncurrent liabilities:      465
Total liabilities:5,3845,1165,0255,7115,1448,2153,556
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,582)(4,532)(4,293)(5,036)(4,610)(7,523)(2,347)
Common stock, share subscribed but unissued, subscriptions receivable  (6)(6)(3)  
Additional paid in capital30,92728,22426,36922,78419,96716,73314,253
Accumulated deficit(36,157)(33,059)(30,972)(27,968)(24,650)(24,325)(16,668)
Other undisclosed stockholders' equity attributable to parent648303316155776968
Total stockholders' equity:(4,582)(4,532)(4,293)(5,036)(4,610)(7,523)(2,347)
TOTAL LIABILITIES AND EQUITY:8025857316755346921,209

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

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Gross profit:     201579
Operating expenses(2,303)(2,243)(2,295)(2,028)(2,952)(2,878)(3,035)
Operating loss:(2,303)(2,243)(2,295)(2,028)(2,952)(2,677)(2,456)
Nonoperating income (expense)(478)156(631)(1,052)2,627(4,979)(509)
Other nonoperating income (expense)(240)(11)(571)7663,061(4,131)5
Interest and debt expense(229)(208)(572)(1,307)(335)(436)(351)
Loss from continuing operations before equity method investments, income taxes:(3,010)(2,295)(3,498)(4,387)(660)(8,093)(3,316)
Other undisclosed income from continuing operations before income taxes2292085721,307335436351
Loss before gain (loss) on sale of properties:(2,781)(2,087)(2,926)(3,080)(325)(7,657)(2,965)
Other undisclosed net loss   (3)   
Net loss available to common stockholders, diluted:(2,781)(2,087)(2,926)(3,084)(325)(7,657)(2,965)

Comprehensive Income ($ in thousands)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Net loss:(2,781)(2,087)(2,926)(3,084)(325)(7,657)(2,965)
Comprehensive loss, net of tax, attributable to parent:(2,781)(2,087)(2,926)(3,084)(325)(7,657)(2,965)

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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