iSun Inc. (ISUN) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
400 AVE D WILLISTON, VT 05495 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 5,455 | 2,242 | 699 | 96 | 31 | 25 | |||
| Cash and cash equivalents | 5,455 | 2,242 | 699 | 96 | 31 | 25 | |||
| Receivables | 8,783 | 14,337 | 6,216 | 7,295 | |||||
| Inventory, net of allowances, customer advances and progress billings | 2,536 | 2,480 | |||||||
| Inventory | 2,536 | 2,480 | |||||||
| Contract with customer, asset, after allowance for credit loss | 7,324 | 4,004 | 1,355 | 1,272 | ✕ | ||||
| Other current assets | 1,625 | 1,071 | 215 | 201 | |||||
| Other undisclosed current assets | 18 | 14 | |||||||
| Total current assets: | 25,723 | 24,134 | 8,485 | 8,864 | 49 | 40 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,960 | ✕ | ✕ | ||||||
| Property, plant and equipment | 8,440 | 11,042 | 6,120 | 6,667 | |||||
| Long-term investments and receivables | 12,290 | 12,691 | |||||||
| Long-term investments | 12,290 | 12,691 | |||||||
| Intangible assets, net (including goodwill) | 14,038 | 55,814 | |||||||
| Goodwill | 36,907 | ||||||||
| Intangible assets, net (excluding goodwill) | 14,038 | 18,906 | |||||||
| Asset, held-in-trust | 8,102 | 41,019 | |||||||
| Other noncurrent assets | 30 | 47 | 5,019 | 141 | |||||
| Total noncurrent assets: | 41,758 | 79,594 | 11,138 | 6,808 | 8,102 | 41,019 | |||
| TOTAL ASSETS: | 67,481 | 103,728 | 19,623 | 15,672 | 8,151 | 41,059 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 18,809 | 20,816 | 4,258 | 4,394 | 678 | 610 | |||
| Accounts payable | 12,941 | 13,187 | 4,086 | 4,275 | 315 | 324 | |||
| Accrued liabilities | 5,868 | 7,628 | 172 | 119 | 364 | 285 | |||
| Deferred revenue | 5,419 | 2,389 | 1,140 | 126 | ✕ | ✕ | |||
| Debt | 5,374 | 6,694 | 1,555 | 1,923 | |||||
| Deferred compensation liability | 31 | 31 | 29 | 28 | 780 | ||||
| Due to related parties | ✕ | 24 | 343 | 2,056 | 1,537 | ||||
| Other undisclosed current liabilities | 588 | 4,468 | 1,236 | 1,688 | |||||
| Total current liabilities: | 30,221 | 34,398 | 8,242 | 8,502 | 3,515 | 2,146 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 8,226 | 5,149 | 1,701 | 1,966 | |||||
| Long-term debt, excluding current maturities | 8,226 | 5,149 | 1,701 | 1,966 | |||||
| Liabilities, other than long-term debt | 9,737 | 4,323 | 1,798 | 1,187 | 780 | ||||
| Deferred compensation liability, classified | 28 | 63 | 89 | 780 | |||||
| Deferred income tax liabilities | 772 | 611 | 1,098 | ✕ | ✕ | ||||
| Other liabilities | 3,026 | 3,375 | |||||||
| Operating lease, liability | 6,711 | ✕ | ✕ | ||||||
| Derivative instruments and hedges, liabilities | 148 | 1,124 | |||||||
| Other undisclosed noncurrent liabilities | 10 | ||||||||
| Total noncurrent liabilities: | 17,973 | 9,472 | 3,499 | 3,153 | 780 | ||||
| Total liabilities: | 48,194 | 43,870 | 11,741 | 11,655 | 3,515 | 2,926 | |||
| Equity | |||||||||
| Equity, attributable to parent | 19,287 | 59,858 | 7,882 | 4,017 | 4,636 | 5,000 | |||
| Preferred stock | 0 | ||||||||
| Common stock | 2 | 1 | 1 | 1 | 0 | 0 | |||
| Additional paid in capital | 74,070 | 60,863 | 2,577 | 412 | 5,895 | 6,227 | |||
| Retained earnings (accumulated deficit) | (54,785) | (1,006) | 5,304 | 3,604 | (1,259) | (1,228) | |||
| Other undisclosed equity | 33,133 | ||||||||
| Total equity: | 19,287 | 59,858 | 7,882 | 4,017 | 4,636 | 38,133 | |||
| TOTAL LIABILITIES AND EQUITY: | 67,481 | 103,728 | 19,623 | 15,672 | 8,151 | 41,059 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 76,453 | 45,312 | 21,052 | 1,070 | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (60,481) | (38,920) | (18,709) | (24,050) | ||||
| Other undisclosed gross profit | 27,152 | |||||||
| Gross profit: | 15,972 | 6,391 | 2,343 | 4,171 | ||||
| Operating expenses | (71,378) | (17,006) | (4,029) | (3,250) | (839) | (747) | ||
| Operating income (loss): | (55,406) | (10,614) | (1,685) | 921 | (839) | (747) | ||
| Nonoperating income (expense) | (366) | 976 | (976) | 929 | 217 | |||
| Investment income, nonoperating | 138 | 976 | (976) | 229 | 217 | |||
| Other nonoperating income (expense) | (504) | 700 | ||||||
| Interest and debt expense | 1,241 | 1,482 | 1,194 | (244) | (121) | (54) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (54,531) | (8,156) | (1,467) | 677 | (31) | (584) | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | (54,531) | (8,156) | (1,467) | 677 | (31) | (584) | ||
| Income tax expense (benefit) | 752 | 1,915 | 487 | (1,105) | ||||
| Loss from continuing operations: | (53,779) | (6,241) | (980) | (428) | (31) | (584) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (6,241) | (980) | (428) | (31) | (584) | |
| Net loss attributable to parent: | (53,779) | (6,241) | (980) | (428) | (31) | (584) | ||
| Preferred stock dividends and other adjustments | (70) | (276) | ||||||
| Net loss available to common stockholders, diluted: | (53,779) | (6,311) | (1,256) | (428) | (31) | (584) | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (53,779) | (6,241) | (980) | (428) | (31) | (584) | ||
| Comprehensive loss, net of tax, attributable to parent: | (53,779) | (6,241) | (980) | (428) | (31) | (584) | ||
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.