Innovative Eyewear Inc. (LUCY) Financial Statements (2024 and earlier)

Company Profile

Business Address 11900 BISCAYNE BLVD
MIAMI, FL 33181
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 3851 - Ophthalmic Goods (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2024
MRQ
12/31/2023
12/31/2022
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2873,591
Cash and cash equivalents4,2873,591
Receivables93110
Inventory, net of allowances, customer advances and progress billings53395
Inventory53395
Prepaid expense314211
Other current assets5936
Other undisclosed current assets330198
Total current assets:5,6174,241
Noncurrent Assets
Property, plant and equipment133120
Intangible assets, net (including goodwill)286138
Intangible assets, net (excluding goodwill)286138
Other noncurrent assets7382
Other undisclosed noncurrent assets 110110
Total noncurrent assets:602449
TOTAL ASSETS:6,2194,690
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:582276
Other undisclosed accounts payable and accrued liabilities582276
Deferred revenue4330
Debt  61
Other undisclosed current liabilities 233
Total current liabilities:624600
Noncurrent Liabilities
Liabilities, other than long-term debt3565
Deferred revenue3565
Total noncurrent liabilities:3565
Total liabilities:660665
Equity
Equity, attributable to parent5,5594,024
Common stock00
Additional paid in capital22,52814,330
Accumulated deficit(16,969)(10,306)
Total equity:5,5594,024
TOTAL LIABILITIES AND EQUITY:6,2194,690

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

6/30/2024
TTM
12/31/2023
12/31/2022
Revenues1,152660
Cost of revenue(1,272)(716)
Gross profit:(119)(56)
Operating expenses(6,736)(5,520)
Operating loss:(6,856)(5,577)
Nonoperating income192 
Other nonoperating income195 
Interest and debt expense (3)(105)
Loss from continuing operations:(6,666)(5,682)
Other undisclosed net income 3 
Net loss available to common stockholders, diluted:(6,663)(5,682)

Comprehensive Income ($ in thousands)

6/30/2024
TTM
12/31/2023
12/31/2022
Net loss:(6,663)(5,682)
Comprehensive loss, net of tax, attributable to parent:(6,663)(5,682)

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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