Minim, Inc. (MINM) Financial Statements (2024 and earlier)

Company Profile

Business Address 848 ELM STREET
MANCHESTER, NH 03101
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53012,5707721,217126229
Cash and cash equivalents53012,5707721,217126229
Receivables2,7584,8819,2034,0712,7612,230
Inventory, net of allowances, customer advances and progress billings25,41532,50316,5057,4407,9285,202
Inventory25,41532,50316,5057,4407,9285,202
Deposits current assets    2  
Other undisclosed current assets8611,0881,199418919578
Total current assets:29,56451,04227,67913,14811,7338,239
Noncurrent Assets
Operating lease, right-of-use asset17324287103
Property, plant and equipment637763455303261162
Intangible assets, net (including goodwill)73322448   
Goodwill  5959   
Intangible assets, net (excluding goodwill)73263389   
Other noncurrent assets512545942349222392
Total noncurrent assets:1,3961,8711,932755484553
TOTAL ASSETS:30,96052,91329,61113,90312,2168,793
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,27817,73819,2107,6916,5995,531
Taxes payable   219831
Accounts payable2,83712,45811,7455,0254,3693,527
Accrued liabilities4,4415,2807,4652,6662,0101,173
Deferred revenue634291  
Debt5,7595,0992,507103  
Other liabilities     289 
Other undisclosed current liabilities15114366 1,45290
Total current liabilities:13,82123,27221,7837,7948,3405,621
Noncurrent Liabilities
Long-term debt and lease obligation  9937   
Long-term debt, excluding current maturities   15   
Liabilities, other than long-term debt794443    
Deferred revenue772443  
Operating lease, liability 239922 
Other undisclosed noncurrent liabilities   (22)   
Total noncurrent liabilities:79454237   
Total liabilities:14,61523,81521,8207,7948,3405,621
Equity
Equity, attributable to parent16,34529,0987,7906,1093,8763,172
Common stock469459351209161153
Additional paid in capital90,71089,31364,52746,49641,03640,265
Accumulated deficit(74,835)(60,674)(57,087)(40,597)(37,321)(37,247)
Total equity:16,34529,0987,7906,1093,8763,172
TOTAL LIABILITIES AND EQUITY:30,96052,91329,61113,90312,2168,793

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

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues50,62255,42347,98937,61432,32329,418
Revenue, net29,418
Cost of revenue(38,696)(37,893)(34,382)(26,709)(20,679)(19,177)
Cost of goods and services sold(1,786)(119) (19)78(19,177)
Gross profit:11,92717,53013,60610,90611,64410,241
Operating expenses(26,972)(20,846)(18,426)(14,127)(11,592)(11,454)
Operating income (loss):(15,045)(3,317)(4,820)(3,221)53(1,212)
Nonoperating income (expense)(392)(206)989(30)(101)(140)
Investment income, nonoperating 04411400
Other nonoperating income (expense) 20(21)5(23)(41)
Interest and debt expense(395)201,057(48)(78)(99)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (1,057)487899
Loss from continuing operations before equity method investments, income taxes:(15,832)(3,503)(3,832)(3,251)(48)(1,352)
Other undisclosed income (loss) from continuing operations before income taxes395(20)    
Loss from continuing operations before income taxes:(15,437)(3,523)(3,832)(3,251)(48)(1,352)
Income tax expense(112)(64)(27)(25)(26)(15)
Loss from continuing operations:(15,549)(3,587)(3,858)(3,276)(74)(1,367)
Loss before gain (loss) on sale of properties:(3,587)(3,858)(3,276)(74)(1,367)
Net loss available to common stockholders, diluted:(15,549)(3,587)(3,858)(3,276)(74)(1,367)

Comprehensive Income ($ in thousands)

6/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(15,549)(3,587)(3,858)(3,276)(74)(1,367)
Comprehensive loss, net of tax, attributable to parent:(15,549)(3,587)(3,858)(3,276)(74)(1,367)

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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