Network CN Inc (NWCN) Financial Statements (2024 and earlier)

Company Profile

Business Address UNIT 705B, 7TH FL, NEW EAST OCEAN CENTRE
KOWLOON, 00000
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 731 - Advertising (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
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 investments222266236
Cash and cash equivalents222266236
Inventory, net of allowances, customer advances and progress billings      
Inventory      
Prepaid expense84100100100101
Other undisclosed current assets7315  00
Total current assets:10342106106123107
Noncurrent Assets
Operating lease, right-of-use asset7276  
Property, plant and equipment231013
Intangible assets, net (including goodwill)306     
Intangible assets, net (excluding goodwill)306     
Total noncurrent assets:381781013
TOTAL ASSETS:484120107106124110
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,7712,5974,2624,7974,0333,721
Taxes payable4732,3712,7532,2211,937
Employee-related liabilities1,9441,7491,9171,7371,650
Accrued liabilities2,502808912675134
Other undisclosed accounts payable and accrued liabilities269100531  
Debt1,1652,9732,9737,9527,9177,822
Other undisclosed current liabilities3645    
Total current liabilities:3,9725,6157,23512,74911,95011,544
Noncurrent Liabilities
Long-term debt and lease obligation645676645   
Long-term debt, excluding current maturities645645645   
Liabilities, other than long-term debt 32     
Operating lease, liability 3231  
Other undisclosed noncurrent liabilities2,172(31)    
Total noncurrent liabilities:2,849676645   
Total liabilities:6,8226,2917,88012,74911,95011,544
Equity
Equity, attributable to parent(6,338)(6,171)(7,773)(12,643)(11,825)(11,434)
Common stock21219998
Additional paid in capital131,317130,559124,209124,209124,133123,707
Accumulated other comprehensive income1,7051,7041,7041,7041,7041,704
Accumulated deficit(139,381)(138,456)(133,696)(138,565)(137,671)(136,853)
Total equity:(6,338)(6,171)(7,773)(12,643)(11,825)(11,434)
TOTAL LIABILITIES AND EQUITY:484120107106124110

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues106     
Cost of revenue(83)     
Gross profit:24     
Operating expenses(656)(696)(292)(317)(359)(272)
Operating loss:(632)(696)(292)(317)(359)(272)
Nonoperating income315,694010847
Interest and debt expense(296)(520)(533)(577)(567)(545)
Income (loss) from continuing operations:(925)(1,216)4,869(894)(818)(770)
Income (loss) before gain (loss) on sale of properties:(1,216)4,869(894)(818)(770)
Net income (loss) available to common stockholders, diluted:(925)(1,216)4,869(894)(818)(770)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(925)(1,216)4,869(894)(818)(770)
Other comprehensive income1     
Comprehensive income (loss):(924)(1,216)4,869(894)(818)(770)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  00(0)(0)0
Comprehensive income (loss), net of tax, attributable to parent:(924)(1,215)4,869(894)(818)(770)

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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