Lightyear Network Solutions, Inc. (LYNS) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1901 EASTPOINT PARKWAY LOUISVILLE, KY 40223 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2012 | |||
|---|---|---|---|
| ASSETS | |||
| Current Assets | |||
| Cash, cash equivalents, and short-term investments | 48 | ||
| Cash and cash equivalents | 48 | ||
| Receivables | 4,694 | ||
| Inventory, net of allowances, customer advances and progress billings | 267 | ||
| Inventory | 267 | ||
| Deposits current assets | 1,895 | ||
| Prepaid expense and other current assets | 1,138 | ||
| Total current assets: | 8,042 | ||
| Noncurrent Assets | |||
| Property, plant and equipment | 5,511 | ||
| Intangible assets, net (including goodwill) | 1,492 | ||
| Intangible assets, net (excluding goodwill) | 1,492 | ||
| Total noncurrent assets: | 7,004 | ||
| TOTAL ASSETS: | 15,046 | ||
| LIABILITIES AND EQUITY | |||
| Liabilities | |||
| Current Liabilities | |||
| Accounts payable and accrued liabilities | 7,242 | ||
| Taxes payable | 729 | ||
| Employee-related liabilities | 300 | ||
| Accounts payable | 6,212 | ||
| Debt | 1,099 | ||
| Deferred revenue and credits | 674 | ||
| Other liabilities | 1,668 | ||
| Other undisclosed current liabilities | (511) | ||
| Total current liabilities: | 10,171 | ||
| Noncurrent Liabilities | |||
| Long-term debt and lease obligation | 3,112 | ||
| Long-term debt, excluding current maturities | 2,400 | ||
| Capital lease obligations | 711 | ||
| Liabilities, other than long-term debt | 6,288 | ||
| Deferred tax liabilities, net | 38 | ||
| Due to related parties | 6,250 | ||
| Total noncurrent liabilities: | 9,400 | ||
| Total liabilities: | 19,571 | ||
| Equity | |||
| Equity, attributable to parent | (4,525) | ||
| Common stock | 22 | ||
| Additional paid in capital | 10,149 | ||
| Accumulated deficit | (13,472) | ||
| Receivable from shareholders or affiliates for issuance of capital stock | (1,223) | ||
| Total equity: | (4,525) | ||
| TOTAL LIABILITIES AND EQUITY: | 15,046 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2012 | ||
|---|---|---|
| Revenues | 66,441 | |
| Cost of revenue | (44,281) | |
| Gross profit: | 22,160 | |
| Operating expenses | (23,968) | |
| Operating loss: | (1,809) | |
| Nonoperating expense | (454) | |
| Interest and debt expense | (236) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 236 | |
| Loss from continuing operations before income taxes: | (2,263) | |
| Income tax benefit | 192 | |
| Loss from continuing operations: | (2,071) | |
| Loss before gain (loss) on sale of properties: | (2,071) | |
| Net loss: | (2,071) | |
| Other undisclosed net loss attributable to parent | (192) | |
| Net loss available to common stockholders, diluted: | (2,263) | |
Comprehensive Income ($ in thousands)
| 12/31/2012 | ||
|---|---|---|
| Net loss: | (2,071) | |
| Comprehensive loss, net of tax, attributable to parent: | (2,071) | |
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.