Lendway Inc. (LDWY) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5000 WEST 36TH STREET MINNEAPOLIS, MN 55416 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 01 - Agricultural Production Crops (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16,077 | 14,439 | 3,766 | 7,128 | 7,510 | 10,160 | |||
| Cash and cash equivalent | 16,077 | 14,439 | 3,766 | 7,128 | 7,510 | 10,160 | |||
| Restricted cash and investments | 85 | 85 | |||||||
| Receivables | 200 | 5,585 | 25 | 5,869 | 7,685 | 8,890 | |||
| Inventory, net of allowances, customer advances and progress billings | 29 | 19 | 85 | 322 | 353 | ||||
| Inventory | 29 | 19 | 85 | 322 | 353 | ||||
| Prepaid expense | |||||||||
| Deferred costs | 535 | 867 | |||||||
| Disposal group, including discontinued operation | 292 | ||||||||
| Other undisclosed current assets | 52 | 80 | 5,592 | 711 | 375 | 306 | |||
| Total current assets: | 16,621 | 20,753 | 10,354 | 13,793 | 15,892 | 19,709 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | 7 | 144 | 183 | 37 | 177 | ✕ | |||
| Property, plant and equipment | 35 | 71 | 113 | 75 | 549 | 3,268 | |||
| Long-term investments and receivables | |||||||||
| Long-term investments | |||||||||
| Accounts and financing receivable, after allowance for credit loss | |||||||||
| Intangible assets, net (including goodwill) | |||||||||
| Goodwill | |||||||||
| Intangible assets, net (excluding goodwill) | |||||||||
| Other noncurrent assets | 10 | 155 | 372 | 976 | |||||
| Total noncurrent assets: | 52 | 215 | 296 | 267 | 1,098 | 4,244 | |||
| TOTAL ASSETS: | 16,673 | 20,968 | 10,650 | 14,060 | 16,990 | 23,953 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 32 | 2,653 | 3,969 | 3,975 | 3,606 | 4,035 | |||
| Accounts payable | 32 | 2,653 | 2,539 | 3,148 | 3,036 | 3,334 | |||
| Accrued liabilities | 1,430 | 827 | 570 | 701 | |||||
| Deferred revenue | 2,427 | 842 | 180 | 140 | ✕ | ||||
| Debt | 464 | 212 | |||||||
| Deferred compensation liability | 635 | 962 | 464 | 424 | 539 | 2,021 | |||
| Disposal group, including discontinued operation | 257 | ||||||||
| Other undisclosed current liabilities | 172 | 1,332 | 1,363 | 56 | 302 | ||||
| Total current liabilities: | 1,096 | 7,374 | 6,638 | 5,099 | 4,497 | 6,358 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 108 | 590 | 56 | ||||||
| Long-term debt, excluding current maturities | 590 | ||||||||
| Finance lease, liability | ✕ | ||||||||
| Liabilities, other than long-term debt | 45 | 193 | 711 | 677 | 643 | 1,275 | |||
| Accounts payable and accrued liabilities | 42 | ||||||||
| Deferred rent credit | 158 | ||||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 504 | ||
| Deferred income tax liabilities | ✕ | ||||||||
| Liability for uncertainty in income taxes | 53 | 711 | 677 | 643 | 613 | ||||
| Operating lease, liability | 3 | 140 | 108 | 56 | ✕ | ||||
| Other undisclosed noncurrent liabilities | |||||||||
| Total noncurrent liabilities: | 45 | 193 | 819 | 1,267 | 699 | 1,275 | |||
| Total liabilities: | 1,141 | 7,567 | 7,457 | 6,366 | 5,196 | 7,633 | |||
| Equity | |||||||||
| Equity, attributable to parent | 15,532 | 13,401 | 3,193 | 7,694 | 11,794 | 16,320 | |||
| Common stock | 17 | 18 | 18 | 122 | 121 | 118 | |||
| Additional paid in capital | 16,176 | 16,458 | 16,296 | 16,133 | 15,934 | 15,442 | |||
| Accumulated other comprehensive loss | |||||||||
| Retained earnings (accumulated deficit) | (661) | (3,075) | (13,121) | (8,561) | (4,261) | 760 | |||
| Equity, attributable to noncontrolling interest | |||||||||
| Total equity: | 15,532 | 13,401 | 3,193 | 7,694 | 11,794 | 16,320 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,673 | 20,968 | 10,650 | 14,060 | 16,990 | 23,953 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 18,800 | 19,503 | 17,669 | 21,954 | 33,236 | |||
| Cost of revenue | (15,499) | (16,273) | (14,467) | (17,193) | (20,675) | |||
| Cost of product and service sold | (15,499) | (16,273) | (14,626) | (17,193) | (20,675) | |||
| Other undisclosed gross profit | (159) | |||||||
| Gross profit: | 3,301 | 3,230 | 3,043 | 4,761 | 12,561 | |||
| Operating expenses | (5,695) | (8,021) | (7,644) | (10,390) | (10,729) | |||
| Other undisclosed operating income | 12,000 | |||||||
| Operating income (loss): | 9,606 | (4,791) | (4,601) | (5,629) | 1,832 | |||
| Nonoperating income | 110 | 142 | 51 | |||||
| Gain, foreign currency transaction, before tax | ||||||||
| Interest and debt expense | (1,062) | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 9,606 | (5,853) | (4,491) | (5,487) | 1,883 | |||
| Other undisclosed income (loss) from continuing operations before income taxes | (3,001) | 6,126 | ||||||
| Income (loss) from continuing operations before income taxes: | (3,001) | 9,606 | 273 | (4,491) | (5,487) | 1,883 | ||
| Income tax expense (benefit) | 218 | (42) | 191 | 466 | (484) | |||
| Income (loss) from continuing operations: | (3,001) | 9,824 | 231 | (4,300) | (5,021) | 1,399 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 231 | (4,300) | (5,021) | 1,399 | |
| Income from discontinued operations | 2,474 | |||||||
| Other undisclosed net income | 2,941 | |||||||
| Net income (loss): | 2,414 | 9,824 | 231 | (4,300) | (5,021) | 1,399 | ||
| Net income attributable to noncontrolling interest | ||||||||
| Other undisclosed net income (loss) attributable to parent | 222 | (3,765) | ||||||
| Net income (loss) available to common stockholders, diluted: | 2,414 | 10,046 | (3,534) | (4,300) | (5,021) | 1,399 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,414 | 9,824 | 231 | (4,300) | (5,021) | 1,399 | ||
| Comprehensive income (loss): | 2,414 | 9,824 | 231 | (4,300) | (5,021) | 1,399 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | ||||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,414 | 9,824 | 231 | (4,300) | (5,021) | 1,399 | ||
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.