Lapolla Industries Inc (LPA) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
INTERCONTINENTAL BUSINESS PARK HOUSTON, TX 77032 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 1,722 | |||||||
| Cash and cash equivalents | 1,722 | |||||||
| Receivables | 12,508 | 10,006 | 8,880 | 7,786 | 7,302 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,610 | 8,174 | 5,268 | 5,422 | 4,832 | |||
| Inventory | 6,610 | 8,174 | 5,268 | 5,422 | 4,832 | |||
| Prepaid expense | 8 | 7 | 47 | ✕ | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 727 | ||
| Costs in excess of billings | 378 | |||||||
| Other undisclosed current assets | 1,688 | 1,216 | 1,161 | 1,113 | ||||
| Total current assets: | 22,914 | 19,396 | 15,316 | 14,367 | 12,861 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 985 | 1,087 | 1,365 | 1,601 | 1,970 | |||
| Intangible assets, net (including goodwill) | 5,415 | 5,432 | 5,418 | 5,400 | 5,697 | |||
| Goodwill | 4,235 | 4,235 | 4,235 | 4,235 | 4,235 | |||
| Intangible assets, net (excluding goodwill) | 1,180 | 1,197 | 1,183 | 1,165 | 1,463 | |||
| Deferred costs | 116 | 169 | ||||||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | 21,662 | |||
| Other undisclosed noncurrent assets | 81 | 96 | 230 | (20,975) | 456 | |||
| Total noncurrent assets: | 6,481 | 6,731 | 7,182 | 7,687 | 8,123 | |||
| TOTAL ASSETS: | 29,395 | 26,127 | 22,498 | 22,054 | 20,984 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 2,917 | 2,773 | 1,759 | 1,457 | 1,345 | |||
| Employee-related liabilities | 1,993 | 1,719 | 1,025 | |||||
| Accounts payable | 6,985 | 6,695 | 7,637 | |||||
| Accrued liabilities | 662 | 588 | 595 | |||||
| Other undisclosed accounts payable and accrued liabilities | 262 | 466 | (6,847) | (5,238) | (6,292) | |||
| Debt | (5) | (21) | ||||||
| Billings in excess of cost | 21 | 51 | ||||||
| Due to related parties | 250 | |||||||
| Other undisclosed current liabilities | 6,741 | 6,384 | 6,735 | 6,704 | 8,965 | |||
| Total current liabilities: | 9,679 | 9,208 | 8,744 | 8,156 | 10,289 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 6,736 | 5,435 | 4,539 | 4 | ||||
| Long-term debt, excluding current maturities | 6,736 | 5,435 | 4,539 | 4 | ||||
| Liabilities, other than long-term debt | 435 | 374 | ||||||
| Billings in excess of cost | 21 | 9 | ||||||
| Deferred tax liabilities, net | 414 | 365 | ||||||
| Other undisclosed noncurrent liabilities | 8,924 | 7,514 | 7,411 | 8,101 | 9,497 | |||
| Total noncurrent liabilities: | 9,359 | 14,624 | 12,846 | 12,640 | 9,501 | |||
| Total liabilities: | 19,038 | 23,831 | 21,590 | 20,796 | 19,790 | |||
| Equity | ||||||||
| Equity, attributable to parent | 10,357 | 2,295 | 908 | 1,258 | 1,194 | |||
| Common stock | 1,235 | 1,221 | 1,198 | 1,141 | 1,094 | |||
| Additional paid in capital | 93,600 | 91,930 | 89,989 | 86,735 | 84,746 | |||
| Accumulated other comprehensive loss | (123) | (123) | (123) | (121) | ||||
| Accumulated deficit | (84,478) | (90,733) | (90,157) | (86,496) | (84,525) | |||
| Total equity: | 10,357 | 2,295 | 908 | 1,258 | 1,194 | |||
| TOTAL LIABILITIES AND EQUITY: | 29,395 | 26,127 | 22,498 | 22,054 | 20,984 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 86,386 | 78,649 | 72,065 | 71,177 | 71,685 | ||
| Revenue, net | 87,220 | 79,608 | 73,064 | 72,283 | 71,685 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (61,345) | (60,264) | (62,902) | (59,646) | (61,767) | ||
| Other undisclosed gross profit | 4,441 | 3,494 | 3,052 | ||||
| Gross profit: | 25,041 | 18,385 | 13,604 | 15,024 | 12,970 | ||
| Operating expenses | (17,244) | (16,330) | (15,119) | (15,641) | (16,288) | ||
| Other operating expense, net (Other Expenses) | (2,146) | ||||||
| Other undisclosed operating income | 2,146 | ||||||
| Operating income (loss): | 7,797 | 2,055 | (1,515) | (616) | (3,317) | ||
| Nonoperating income | 694 | 36 | 36 | 1,355 | 1,113 | ||
| Other nonoperating income (expense) | 694 | 36 | 36 | (34) | (20) | ||
| Interest and debt expense | (306) | (1,138) | (1,091) | (927) | (574) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 8,185 | 953 | (2,570) | (188) | (2,778) | ||
| Other undisclosed loss from continuing operations before income taxes | (1,496) | (1,138) | |||||
| Income (loss) from continuing operations before income taxes: | 6,689 | (185) | (2,570) | (188) | (2,778) | ||
| Income tax expense | (311) | (392) | (29) | ||||
| Income (loss) from continuing operations: | 6,378 | (577) | (2,600) | (188) | (2,778) | ||
| Income (loss) before gain (loss) on sale of properties: | 6,378 | (577) | (2,600) | (188) | (2,778) | ||
| Net income (loss): | 6,378 | (577) | (2,600) | (188) | (2,778) | ||
| Other undisclosed net loss attributable to parent | (1,061) | (1,783) | (1,653) | ||||
| Net income (loss) attributable to parent: | 6,378 | (577) | (3,661) | (1,971) | (4,431) | ||
| Other undisclosed net income available to common stockholders, basic | 0 | ||||||
| Net income (loss) available to common stockholders, basic: | 6,378 | (577) | (3,661) | (1,971) | (4,431) | ||
| Dilutive securities, effect on basic earnings per share | 880 | ||||||
| Net income (loss) available to common stockholders, diluted: | 6,378 | (577) | (2,781) | (1,971) | (4,431) | ||
Comprehensive Income ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,378 | (577) | (2,600) | (188) | (2,778) | ||
| Comprehensive income (loss): | 6,378 | (577) | (2,600) | (188) | (2,778) | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (3,661) | (1,973) | (4,434) | ||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 188 | 2,778 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 6,378 | (577) | (6,261) | (1,973) | (4,434) | ||
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.