iWallet Corporation (IWAL) financial statements (2021 and earlier)

Company profile

Business Address 7394 TRADE STREET
SAN DIEGO, CA 92121
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)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 121654661,021 
Cash and cash equivalents 121654661,021 
Receivables(17)7910852 
Inventory, net of allowances, customer advances and progress billings75167162139107 
Inventory75167162139107 
Deferred costs123162184212184 
Funds held for clients  2020  
Intangible current assets125129112116102 
Other undisclosed current assets9(15)7(2)26 
Total current assets:3156435589591,492 
Noncurrent Assets
Deferred costs    (85) 
Other undisclosed noncurrent assets125129112116187 
Total noncurrent assets:125129112116102 
TOTAL ASSETS:4407726701,0751,594 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities466300270281217 
Accounts payable380230208235104 
Accrued liabilities87706246113 
Debt304445 
Due to related parties33331642
Other liabilities4141414190 
Other undisclosed current liabilities00000130
Total current liabilities:541349318330329172
Noncurrent Liabilities
Long-term debt and lease obligation611131415 
Long-term debt, excluding current maturities611131415 
Other undisclosed noncurrent liabilities437460    
Total noncurrent liabilities:443471131415 
Total liabilities:984820331344344172
Stockholders' equity
Stockholders' equity attributable to parent, including:(545)(48)3397311,251(177)
Common stock34343434346
Additional paid in capital3,7333,6203,4803,3413,12932
Accumulated deficit(4,311)(3,709)(3,181)(2,647)(1,913)(211)
Other undisclosed stockholders' equity attributable to parent 7531(5)
Total stockholders' equity:(545)(48)3397311,251(177)
TOTAL LIABILITIES AND EQUITY:4407726701,0751,594(5)

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

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q4
Revenues(63)118255264 
Financial services revenue(16)(8)(1)0(2) 
Cost of revenue(136)(97) (87)  
Cost of goods and services sold(136)(97) (64)  
Financial services costs   (23)  
Other undisclosed gross profit  (33)45(45) 
Gross profit:(199)22(8)1119 
Operating expenses(417)(556)(547)(745)(1,305)(6)
Operating loss:(617)(534)(555)(734)(1,286)(6)
Interest and debt expense     (3)
Net loss:(617)(534)(555)(734)(1,286)(9)
Other undisclosed net income attributable to parent14 22  3
Net loss available to common stockholders, diluted:(603)(534)(533)(734)(1,286)(6)

Comprehensive Income ($ in thousands)

9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q4
Net loss:(617)(534)(555)(734)(1,286)(9)
Comprehensive loss, net of tax, attributable to parent:(617)(534)(555)(734)(1,286)(9)

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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