Imageware Systems Inc (IWSY) Financial Statements (2024 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)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2021,6722,6605,0568,3452,906
Cash and cash equivalents1,2021,6722,6605,0568,3452,906
Receivables383443444493577473
Inventory, net of allowances, customer advances and progress billings258561884022
Inventory258561884022
Other current assets215398494625196178
Total current assets:1,8252,5983,6596,2629,1583,579
Noncurrent Assets
Operating lease, right-of-use asset8471,2781,3721,4621,5571,649
Property, plant and equipment7987101112155169
Intangible assets, net (including goodwill)2,8063,4653,4683,4713,4743,477
Goodwill3,4163,4163,4163,4163,4163,416
Intangible assets, net (excluding goodwill) (610)4952555861
Other noncurrent assets149162165525458512
Other undisclosed noncurrent assets 610     
Total noncurrent assets:4,4914,9925,1065,5705,6445,807
TOTAL ASSETS:6,3167,5908,76511,83214,8029,386
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6811,6931,7611,9802,1472,726
Interest and dividends payable51   10 
Taxes payable81     
Employee-related liabilities194     
Accounts payable8376917319741,0071,380
Accrued liabilities1,5181,0021,0301,0061,1301,346
Deferred revenue1,2041,2053697779031,256
Debt524 1,3051,1079182,905
Derivative instruments and hedges, liabilities5,2927,4868,92522,85024,128 
Due to related parties      900
Other undisclosed current liabilities170494453435411412
Total current liabilities:9,87110,87812,81327,14928,5078,199
Noncurrent Liabilities
Long-term debt and lease obligation8029151,3261,6421,9502,259
Long-term debt, excluding current maturities   266464653853
Liabilities, other than long-term debt1,9762,5722,5632,5832,5962,449
Liability, pension and other postretirement and postemployment benefits1,9762,5722,5632,5182,5312,380
Other liabilities    656569
Operating lease, liability8029151,0601,1781,2971,406
Total noncurrent liabilities:2,7783,4873,8894,2254,5464,708
Total liabilities:12,64914,36516,70231,37433,05312,907
Equity
Equity, attributable to parent, including:(15,092)(13,748)(13,140)(22,933)(19,823)(12,922)
Common stock3,4713,4713,1932,7661,8011,382
Treasury stock, value(64)(64)(64)(64)(64)(64)
Additional paid in capital187,148188,404189,799191,585193,652199,870
Accumulated other comprehensive loss(1,396)(1,925)(1,950)(1,935)(1,989)(1,815)
Accumulated deficit(204,253)(203,636)(204,120)(215,287)(213,225)(212,297)
Other undisclosed equity, attributable to parent222222
Other undisclosed equity8,7596,9735,2033,3911,5729,401
Total equity:(6,333)(6,775)(7,937)(19,542)(18,251)(3,521)
TOTAL LIABILITIES AND EQUITY:6,3167,5908,76511,83214,8029,386

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

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Revenues1,0207789427337862,471
Gain on disposition of assets for financial service operations   14,043   
Cost of revenue    (9)1,085(838)
Other undisclosed gross profit(258)(156)(135)(110)(1,224) 
Gross profit:7626228076146471,633
Operating expenses(3,697)(3,059)(3,545)(3,257)(3,145)(2,703)
Operating loss:(2,935)(2,437)(2,738)(2,643)(2,498)(1,070)
Nonoperating income (expense)695(25)(25)(158)(31)
Other nonoperating income (expense)695(25)(25) (31)
Interest and debt expense 3111,61610(335)  
Loss from continuing operations before equity method investments, income taxes:(2,555)(816)(2,753)(3,003)(2,656)(1,101)
Other undisclosed income (loss) from continuing operations before income taxes1,9761,30614,0191,1182,063476
Income (loss) from continuing operations before income taxes:(579)49011,266(1,885)(593)(625)
Income tax expense     (8)(1)
Other undisclosed loss from continuing operations (10)     
Income (loss) from continuing operations:(589)49011,266(1,885)(601)(626)
Income (loss) before gain (loss) on sale of properties:(589)49011,266(1,885)(601)(626)
Net income (loss) attributable to parent:(589)49011,266(1,885)(601)(626)
Preferred stock dividends and other adjustments(1,856)(1,935)(2,069)(2,255)1,580(2,529)
Net income (loss) available to common stockholders, diluted:(2,445)(1,445)9,197(4,140)979(3,155)

Comprehensive Income ($ in thousands)

3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
Net income (loss):(589)49011,266(1,885)(601)(626)
Other comprehensive income 25    
Other undisclosed comprehensive income 75     
Comprehensive income (loss):(514)51511,266(1,885)(601)(626)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 454 (15)54(174)(41)
Comprehensive income (loss), net of tax, attributable to parent:(60)51511,251(1,831)(775)(667)

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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