iWallet Corp (IWAL) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
401 RYLAND ST. RENO, NV 89502 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2014 | 6/30/2014 | 6/30/2013 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 50 | 466 | 2 | ||||
| Cash and cash equivalents | 50 | 466 | 2 | ||||
| Receivables | 8 | ||||||
| Inventory, net of allowances, customer advances and progress billings | 139 | ✕ | ✕ | ||||
| Inventory | 139 | ||||||
| Deferred costs | 212 | ||||||
| Funds held for clients | 20 | ||||||
| Intangible current assets | 116 | ✕ | ✕ | ||||
| Other undisclosed current assets | (2) | ||||||
| Total current assets: | 50 | 959 | 2 | ||||
| Noncurrent Assets | |||||||
| Intangible assets, net (including goodwill) | (163) | ✕ | ✕ | ||||
| Intangible assets, net (excluding goodwill) | (163) | ||||||
| Other undisclosed noncurrent assets | 163 | 116 | |||||
| Total noncurrent assets: | 116 | ||||||
| TOTAL ASSETS: | 50 | 1,075 | 2 | ||||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 342 | 281 | |||||
| Interest and dividends payable | ✕ | 338 | |||||
| Accounts payable | 4 | 235 | |||||
| Accrued liabilities | 46 | ||||||
| Debt | 505 | 4 | |||||
| Due to related parties | 5 | 3 | 42 | ||||
| Other liabilities | 41 | ||||||
| Other undisclosed current liabilities | 0 | 130 | 120 | ||||
| Total current liabilities: | 851 | 330 | 172 | 120 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 14 | ||||||
| Long-term debt, excluding current maturities | 14 | ||||||
| Other undisclosed noncurrent liabilities | 30 | ||||||
| Total noncurrent liabilities: | 14 | 30 | |||||
| Total liabilities: | 851 | 344 | 172 | 150 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | (802) | 731 | (177) | (148) | |||
| Common stock | 53 | 34 | 6 | 6 | |||
| Additional paid in capital | 4,253 | 3,341 | 32 | 32 | |||
| Accumulated deficit | (5,107) | (2,647) | (211) | ||||
| Other undisclosed equity, attributable to parent | 3 | (5) | (187) | ||||
| Total equity: | (802) | 731 | (177) | (148) | |||
| TOTAL LIABILITIES AND EQUITY: | 50 | 1,075 | (5) | 2 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2014 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|
| Revenues | 69 | 155 | ||||
| Cost of revenue | (27) | (119) | ||||
| Cost of goods and services sold | (27) | (144) | ||||
| Financial services costs | ✕ | ✕ | 25 | |||
| Other undisclosed gross profit | (3) | |||||
| Gross profit: | 42 | 33 | ||||
| Operating expenses | (491) | (2,457) | (22) | (48) | ||
| Other undisclosed operating income | 246 | |||||
| Operating loss: | (204) | (2,424) | (22) | (48) | ||
| Nonoperating income (expense) | (143) | 290 | ||||
| Debt instrument, convertible, beneficial conversion feature | 290 | |||||
| Interest and debt expense | (65) | (2) | 1 | |||
| Loss from continuing operations: | (412) | (2,134) | (24) | (47) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (412) | (2,134) | (24) | (47) | |
| Net loss: | (412) | (2,134) | (24) | (47) | ||
| Other undisclosed net income (loss) attributable to parent | 65 | (290) | (0) | (3) | ||
| Net loss available to common stockholders, diluted: | (347) | (2,424) | (24) | (49) | ||
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2014 | 6/30/2014 | 6/30/2013 | ||
|---|---|---|---|---|---|---|
| Net loss: | (412) | (2,134) | (24) | (47) | ||
| Comprehensive loss, net of tax, attributable to parent: | (412) | (2,134) | (24) | (47) | ||
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.