Nano Magic Inc. (NMGX) Financial Statements (2026 and earlier)

Company Profile

Business Address 31601 RESEARCH PARK DRIVE
MICHIGAN, MI 48071
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments527259253299227222
Cash and cash equivalent527259242288217222
Short-term investments   111010 
Receivables20903121,235151308
Inventory, net of allowances, customer advances and progress billings8501,1201,379842423828
Inventory8501,1201,379842423828
Prepaid expense64     
Contract with customer, asset, after allowance for credit loss    8916 
Other undisclosed current assets 5052221219018167
Total current assets:1,7001,9012,1572,6548351,523
Noncurrent Assets
Operating lease, right-of-use asset8461,0381,3101,518258✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization424526634613222328
Long-term investments and receivables254250    
Long-term investments254250    
Other noncurrent assets   666 
Other undisclosed noncurrent assets 292376   32
Total noncurrent assets:1,8152,1901,9502,138485360
TOTAL ASSETS:3,5154,0914,1074,7921,3201,884
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2451,0397361,4881,0021,853
Accounts payable  7636711,1378021,375
Accrued liabilities24527666351200478
Deferred revenue   469116290
Debt146668898184404
Due to related parties✕✕87 12140140
Other undisclosed current liabilities8541852843322020
Total current liabilities:1,2451,3761,1542,0201,5082,507
Noncurrent Liabilities
Long-term debt and lease obligation  3741,0371,374259130
Long-term debt, excluding current maturities  350116178122130
Finance lease, liability  24   ✕
Liabilities, other than long-term debt561722    
Operating lease, liability5617229211,196137✕
Other undisclosed noncurrent liabilities400 (921)(1,196)  
Total noncurrent liabilities:9611,0971,0371,374259130
Total liabilities:2,2052,4732,1913,3941,7672,637
Equity
Equity, attributable to parent, including:1,3101,6171,9161,397(447)(753)
Common stock1111  
Additional paid in capital16,31113,76311,9609,8677,2425,887
Accumulated deficit(15,002)(12,147)(10,045)(8,471)(7,690)(6,640)
Other undisclosed equity, attributable to parent     10
Other undisclosed equity      0
Total equity:1,3101,6171,9161,397(447)(753)
TOTAL LIABILITIES AND EQUITY:3,5154,0914,1074,7921,3201,884

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues2,7822,5775,0404,7592,4364,331
Cost of revenue(2,419)(2,481)(3,348)(3,120)(2,112)(3,452)
Cost of product and service sold     (160)(3,452)
Gross profit:364961,6921,639324879
Operating expenses(3,216)(3,546)(4,090)(2,431)(1,355)(1,197)
Other operating income, net 1196632   
Operating loss:(2,841)(3,354)(1,766)(792)(1,031)(318)
Nonoperating income (expense)(15)1031911166265
Investment income, nonoperating      
Other nonoperating income26 018  
Interest and debt expense(44)(34)(19)(7)(9)(90)
Loss from continuing operations before income taxes:(2,900)(3,285)(1,594)(788)(974)(143)
Other undisclosed income from continuing operations4434    
Loss from continuing operations:(2,856)(3,251)(1,594)(788)(974)(143)
Loss before gain (loss) on sale of properties:✕✕✕(1,594)(788)(974)(143)
Income from discontinued operations  1,150    
Net loss:(2,856)(2,102)(1,594)(788)(974)(143)
Other undisclosed net income attributable to parent  197990
Net loss available to common stockholders, diluted:(2,856)(2,102)(1,575)(781)(965)(53)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(2,856)(2,102)(1,594)(788)(974)(143)
Comprehensive loss, net of tax, attributable to parent:(2,856)(2,102)(1,594)(788)(974)(143)

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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