Imageware Systems Inc (IWSY) Financial Statements (2023 and earlier)

Company Profile

Business Address 11440 W. BERNARDO COURT
SAN DIEGO, CA 92127
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2028,3451,0305,6947,3171,5863,352
Cash and cash equivalents1,2028,3451,0305,6947,3171,5863,352
Receivables383577657968458287349
Inventory, net of allowances, customer advances and progress billings254061529792346
Inventory254061529792346
Other current assets21519624323316313569
Total current assets:1,8259,1582,5456,9248,0172,0313,816
Noncurrent Assets
Operating lease, right-of-use asset8471,5571,906
Property, plant and equipment791552162444393162
Intangible assets, net (including goodwill)2,8063,4743,4863,4983,5093,5213,533
Goodwill3,4163,4163,4163,4163,4163,4163,416
Intangible assets, net (excluding goodwill)(610)58708293105117
Other noncurrent assets149458257332353498
Other undisclosed noncurrent assets610    1 
Total noncurrent assets:4,4915,6445,8654,0743,5873,6493,793
TOTAL ASSETS:6,31614,8028,41010,99811,6045,6807,609
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6812,1471,8271,5661,6421,4721,347
Interest and dividends payable5110  527  
Taxes payable81      
Employee-related liabilities194      
Accounts payable8371,007515678457425198
Accrued liabilities1,5181,1301,3128886581,0471,149
Deferred revenue1,2049031,629
Debt524918373    
Derivative instruments and hedges, liabilities5,29224,1283691,065   
Deferred revenue and credits1,0161,0451,059
Due to related parties    5,774  
Other undisclosed current liabilities170411 1,215 2,528 
Total current liabilities:9,87128,5074,1983,8468,4325,0452,406
Noncurrent Liabilities
Long-term debt and lease obligation8021,9501,716    
Long-term debt, excluding current maturities 653     
Liabilities, other than long-term debt1,9762,5962,3742,0232,0241,8951,511
Liability, pension and other postretirement and postemployment benefits1,9762,5312,2561,8762,0241,8951,511
Other liabilities 65118147   
Operating lease, liability8021,2971,716
Total noncurrent liabilities:2,7784,5464,0902,0232,0241,8951,511
Total liabilities:12,64933,0538,2885,86910,4566,9403,917
Equity
Equity, attributable to parent, including:(15,092)(19,823)(8,762)(3,027)1,148(1,260)3,692
Common stock3,4711,8011,133981941917940
Treasury stock, value(64)(64)(64)(64)(64)(64)(64)
Additional paid in capital187,148193,652195,079184,130172,414156,195149,902
Accumulated other comprehensive loss(1,396)(1,989)(1,741)(1,428)(1,664)(1,543)(1,195)
Accumulated deficit(204,253)(213,225)(203,171)(186,648)(170,481)(156,767)(145,893)
Other undisclosed equity, attributable to parent2222222
Other undisclosed equity8,7591,5728,8848,156   
Total equity:(6,333)(18,251)1225,1291,148(1,260)3,692
TOTAL LIABILITIES AND EQUITY:6,31614,8028,41010,99811,6045,6807,609

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,4724,7853,5064,4044,2933,8124,769
Revenue, net4,2933,8124,769
Cost of revenue
(Cost of Goods and Services Sold)
 (14)(7)(8)(991)(1,070)(1,944)
Other undisclosed gross profit(668)(1,234)(636)(868)   
Gross profit:2,8043,5372,8633,5283,3022,7422,825
Operating expenses(13,560)(12,816)(15,110)(15,258)(13,029)(12,204)(11,035)
Operating loss:(10,756)(9,279)(12,247)(11,730)(9,727)(9,462)(8,210)
Nonoperating income (expense)74(264)(109)(95)71(202)68
Gain (loss), foreign currency transaction, before tax (151)(1)27(106)(1)67
Debt instrument, convertible, beneficial conversion feature   30302 146
Net periodic defined benefits expense (reversal of expense), excluding service cost component (115)(109)(118)
Other nonoperating income (expense)7421(34)(125)(201)(145)
Interest and debt expense1,581      
Loss from continuing operations before equity method investments, income taxes:(9,101)(9,543)(12,356)(11,825)(9,656)(9,664)(8,142)
Other undisclosed income (loss) from continuing operations before income taxes18,3932,297785(714)(537)158(370)
Income (loss) from continuing operations before income taxes:9,292(7,246)(11,571)(12,539)(10,193)(9,506)(8,512)
Income tax expense (benefit)(10)(7)(10)(11)124(21)(22)
Income (loss) from continuing operations:9,282(7,253)(11,581)(12,550)(10,069)(9,527)(8,534)
Income (loss) before gain (loss) on sale of properties:9,282(7,253)(11,581)(12,550)(10,069)(9,527)(8,534)
Net income (loss) attributable to parent:9,282(7,253)(11,581)(12,550)(10,069)(9,527)(8,534)
Preferred stock dividends and other adjustments(8,116)(3,695)(5,670)(3,913)(2,400)(1,347)(1,065)
Other undisclosed net loss available to common stockholders, basic    (1,245)  
Net income (loss) available to common stockholders, basic:1,166(10,948)(17,251)(16,463)(13,714)(10,874)(9,599)
Convertible preferred dividends    2,349  
Net income (loss) available to common stockholders, diluted:1,166(10,948)(17,251)(16,463)(11,365)(10,874)(9,599)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):9,282(7,253)(11,581)(12,550)(10,069)(9,527)(8,534)
Other comprehensive income75      
Comprehensive income (loss):9,357(7,253)(11,581)(12,550)(10,069)(9,527)(8,534)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent518(248)(313)236(121)(348)399
Comprehensive income (loss), net of tax, attributable to parent:9,875(7,501)(11,894)(12,314)(10,190)(9,875)(8,135)

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.

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