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
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments721895271232056
Cash and cash equivalent721895271232056
Receivables100143209322354349
Inventory, net of allowances, customer advances and progress billings7517808509931,0501,056
Inventory7517808509931,0501,056
Prepaid expense185064   
Other undisclosed current assets  335013568128
Total current assets:9411,1951,7001,5721,4911,589
Noncurrent Assets
Operating lease, right-of-use asset728796846878943991
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization386410424451472500
Long-term investments and receivables264264254270291282
Long-term investments264264254270291282
Other undisclosed noncurrent assets  194292326326335
Total noncurrent assets:1,3781,6631,8151,9252,0332,108
TOTAL ASSETS:2,3192,8583,5153,4983,5243,697
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities340319245431328338
Accrued liabilities340319245431328338
Debt1218146745158
Other undisclosed current liabilities1,3941,2278541,0369871,094
Total current liabilities:1,7461,5641,2451,5411,3661,489
Noncurrent Liabilities
Long-term debt and lease obligation    427407368
Long-term debt, excluding current maturities    421395350
Finance lease, liability    61218
Liabilities, other than long-term debt456517561589631684
Operating lease, liability456517561589631684
Other undisclosed noncurrent liabilities148150400   
Total noncurrent liabilities:6056679611,0161,0381,052
Total liabilities:2,3512,2312,2052,5572,4042,541
Equity
Equity, attributable to parent(32)6271,3109411,1201,156
Common stock111111
Additional paid in capital16,54016,37416,31115,09014,57013,954
Accumulated deficit(16,573)(15,749)(15,002)(14,150)(13,451)(12,800)
Total equity:(32)6271,3109411,1201,156
TOTAL LIABILITIES AND EQUITY:2,3192,8583,5153,4983,5243,697

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
6/30/2023
Q2
3/31/2023
Q1
Revenues617580718658709697
Cost of revenue(663)(511)(713)(576)(507)(622)
Gross profit:(46)6958220275
Operating expenses(742)(804)(836)(746)(882)(753)
Other operating income, net     11 
Operating loss:(788)(735)(832)(663)(668)(678)
Nonoperating income (expense)(37)(11)(20)(37)1725
Investment income, nonoperating36    
Other nonoperating income (expense)  6(3)  
Interest and debt expense(13)(12)(10)(12)(8)(14)
Loss from continuing operations before income taxes:(838)(759)(863)(712)(658)(667)
Other undisclosed income from continuing operations   1012814
Net loss:(838)(759)(852)(700)(651)(653)
Other undisclosed net income attributable to parent1312    
Net loss available to common stockholders, diluted:(825)(746)(852)(700)(651)(653)

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
6/30/2023
Q2
3/31/2023
Q1
Net loss:(838)(759)(852)(700)(651)(653)