iWallet Corp (IWAL) financial statements (2022 and earlier)

Company profile

Business Address 401 RYLAND ST.
RENO, NV 89502
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2014
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments50466 2
Cash and cash equivalents50466 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:50959 2
Noncurrent Assets
Intangible assets, net (including goodwill)(163) 
Intangible assets, net (excluding goodwill)(163)   
Other undisclosed noncurrent assets163116  
Total noncurrent assets: 116  
TOTAL ASSETS:501,075 2
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities342281  
Accounts payable4235  
Accrued liabilities 46  
Interest and dividends payable338   
Debt5054  
Due to related parties5342 
Other liabilities 41  
Other undisclosed current liabilities 0130120
Total current liabilities:851330172120
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:851344172150
Stockholders' equity
Stockholders' equity attributable to parent, including:(802)731(177)(148)
Common stock533466
Additional paid in capital4,2533,3413232
Accumulated deficit(5,107)(2,647)(211) 
Other undisclosed stockholders' equity attributable to parent 3(5)(187)
Total stockholders' equity:(802)731(177)(148)
TOTAL LIABILITIES AND EQUITY:501,075(5)2

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

12/31/2021
12/31/2014
6/30/2014
6/30/2013
Revenues69155  
Cost of revenue(27)(119)  
Cost of goods and services sold(27)(144)  
Financial services costs25  
Other undisclosed gross profit (3)  
Gross profit:4233  
Operating expenses(491)(2,457)(22)(48)
Other undisclosed operating income246   
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
Net loss:(412)(2,134)(24)(47)
Other undisclosed net income (loss) attributable to parent65(290)(0)(3)
Net loss available to common stockholders, diluted:(347)(2,424)(24)(49)

Comprehensive Income ($ in thousands)

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 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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