Northann Corp. (NCL) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
9820 DINO DRIVE ELK GROVE, CA 95624 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3089 - Plastics Products, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 220 | 590 | 1,101 | 91 | |||
| Cash and cash equivalent | 220 | 590 | 1,101 | 91 | |||
| Restricted cash and investments | 4 | 4 | 4 | 4 | |||
| Receivables | 2,533 | 2,536 | 2,615 | 1,453 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,046 | 2,844 | 2,645 | 5,772 | |||
| Inventory | 3,046 | 2,844 | 2,645 | 5,772 | |||
| Prepaid expense | 533 | 317 | 311 | 655 | |||
| Other current assets | 56 | 47 | 127 | 106 | |||
| Total current assets: | 6,391 | 6,338 | 6,805 | 8,081 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 72 | 80 | 87 | 95 | |||
| Property, plant and equipment | 4,366 | 4,550 | 4,724 | 4,856 | |||
| Intangible assets, net (including goodwill) | 1,013 | 1,023 | 1,031 | 1,023 | |||
| Intangible assets, net (excluding goodwill) | 1,013 | 1,023 | 1,031 | 1,023 | |||
| Deferred costs | 218 | ||||||
| Other undisclosed noncurrent assets | 1,298 | 1,242 | 971 | 952 | |||
| Total noncurrent assets: | 6,749 | 6,895 | 6,814 | 7,145 | |||
| TOTAL ASSETS: | 13,140 | 13,233 | 13,619 | 15,225 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 514 | 511 | 609 | 26 | |||
| Accrued liabilities | 514 | 511 | 609 | 26 | |||
| Debt | 7,000 | 5,474 | 5,135 | 6,389 | |||
| Other undisclosed current liabilities | 4,496 | 6,365 | 7,111 | 10,411 | |||
| Total current liabilities: | 12,011 | 12,350 | 12,855 | 16,826 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 121 | 123 | 125 | 128 | |||
| Long-term debt, excluding current maturities | 121 | 123 | 125 | 128 | |||
| Liabilities, other than long-term debt | 40 | 48 | 56 | 64 | |||
| Operating lease, liability | 40 | 48 | 56 | 64 | |||
| Total noncurrent liabilities: | 160 | 171 | 181 | 192 | |||
| Total liabilities: | 12,171 | 12,520 | 13,036 | 17,018 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | 969 | 712 | 583 | (1,792) | |||
| Common stock | 24 | 21 | 21 | 20 | |||
| Additional paid in capital | 7,830 | 6,671 | 6,671 | 925 | |||
| Accumulated other comprehensive loss | (614) | (706) | (776) | (1,103) | |||
| Accumulated deficit | (6,251) | (5,254) | (5,314) | (1,615) | |||
| Other undisclosed equity, attributable to parent | (20) | (20) | (20) | (20) | |||
| Total equity: | 969 | 712 | 583 | (1,792) | |||
| TOTAL LIABILITIES AND EQUITY: | 13,140 | 13,233 | 13,619 | 15,225 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | ||
|---|---|---|---|---|---|---|
| Revenues | 3,889 | 4,596 | 4,535 | 2,160 | ||
| Cost of revenue | (2,988) | (3,052) | (4,210) | (3,423) | ||
| Gross profit: | 901 | 1,544 | 325 | (1,263) | ||
| Operating expenses | (2,068) | (1,216) | (3,736) | (647) | ||
| Operating income (loss): | (1,167) | 328 | (3,411) | (1,910) | ||
| Nonoperating income (expense) | 173 | (268) | (280) | (1,011) | ||
| Debt instrument, convertible, beneficial conversion feature | 673 | |||||
| Other nonoperating income (expense) | 250 | 0 | 0 | |||
| Interest and debt expense | (78) | (268) | (1,271) | (21) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,072) | (208) | (4,962) | (2,942) | ||
| Other undisclosed income from continuing operations before income taxes | 78 | 268 | 1,271 | 21 | ||
| Income (loss) from continuing operations before income taxes: | (995) | 60 | (3,691) | (2,922) | ||
| Income tax expense (benefit) | (3) | (9) | ||||
| Income (loss) from continuing operations: | (997) | 60 | (3,699) | (2,922) | ||
| Other undisclosed net income | 3 | |||||
| Net income (loss): | (995) | 60 | (3,699) | (2,922) | ||
| Other undisclosed net loss attributable to parent | (3) | |||||
| Net income (loss) available to common stockholders, diluted: | (997) | 60 | (3,699) | (2,922) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | (995) | 60 | (3,699) | (2,922) | ||
| Comprehensive income (loss): | (995) | 60 | (3,699) | (2,922) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 90 | 70 | 327 | (717) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (905) | 130 | (3,372) | (3,639) | ||
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.