PolarityTE, Inc. (PTE) financial statements (2020 and earlier)

Company profile

Business Address 123 NORTH WRIGHT BROTHERS DRIVE
SALT LAKE CITY, UT 84116
State of Incorp. DE
Fiscal Year End December 31
SIC 2836 - Biological Products, Except Diagnostic Substances (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:267118717713
Cash and cash equivalents107118717713
Short-term investments19      
Other undisclosed cash, cash equivalents, and short-term investments(3)      
Receivables2100022
Inventory, net of allowances, customer advances and progress billings00   15
Inventory00   15
Prepaid expense  00001
Deferred costs      2
Advances on inventory purchases   0001
Other current assets  0    
Other undisclosed current assets5100019
Total current assets:3273187181133
Noncurrent Assets
Operating lease, right-of-use asset5
Property, plant and equipment151320001
Long-term investments and receivables  0   4
Long-term investments      4
Accounts and financing receivable, after allowance for credit loss  0    
Intangible assets, net (including goodwill)11   18
Goodwill00     
Intangible assets, net (excluding goodwill)11   18
Other noncurrent assets10    0
Other undisclosed noncurrent assets     (1)(8)
Total noncurrent assets:211520004
TOTAL ASSETS:5488207181138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7421249
Accounts payable220001 
Accrued liabilities211110 
Employee-related liabilities111011 
Taxes payable      0
Other undisclosed accounts payable and accrued liabilities2 0  29
Deferred revenue0
Debt11    2
Deferred revenue and credits    5
Other liabilities20     
Other undisclosed current liabilities 0140012
Total current liabilities:1051512618
Noncurrent Liabilities
Long-term debt and lease obligation51     
Long-term debt, excluding current maturities21     
Operating lease, liability3
Other undisclosed noncurrent liabilities 0     
Total noncurrent liabilities:51     
Total liabilities:1561512618
Temporary equity, carrying amount  5    
Stockholders' equity
Stockholders' equity attributable to parent39820516620
Preferred stock  1101011  
Common stock0000000
Additional paid in capital474406149123128125124
Accumulated other comprehensive income (loss)0     (1)
Accumulated deficit(435)(324)(259)(128)(124)(120)(104)
Total stockholders' equity:39820516620
TOTAL LIABILITIES AND EQUITY:5488207181138

Income statement (P&L) ($ in millions)

12/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
Revenues62 273447
Cost of revenue(2)(1) (0)(3)(29)(35)
Cost of goods and services sold(2)(1) (0)(3)(30)(36)
Financial services costs   (5) 
Gross profit:31 13612
Operating expenses(97)(70)(131)(6)(7)(19)(24)
Operating loss:(93)(69)(131)(5)(4)(13)(12)
Nonoperating income (expense)1   0(1) 
Investment income, nonoperating    0  
Foreign currency transaction loss, before tax     (1) 
Other nonoperating income1      
Interest and debt expense(0)  0(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     (2)0
Loss from continuing operations before equity method investments, income taxes:(93)(69)(131)(5)(4)(16)(13)
Loss from equity method investments     (4) 
Other undisclosed income (loss) from continuing operations before income taxes04 0(0)  
Loss from continuing operations before income taxes:(92)(66)(131)(5)(4)(20)(13)
Income tax expense (benefit)28(0) 0(0)(0)(0)
Loss from continuing operations:(65)(66)(131)(5)(4)(20)(13)
Loss from discontinued operations  (0)    
Net loss:(65)(66)(131)(5)(4)(20)(13)
Other undisclosed net income (loss) attributable to parent(28)10(0) 4 
Net loss attributable to parent:(92)(65)(131)(5)(4)(16)(13)
Preferred stock dividends and other adjustments   (6)(2)  
Other undisclosed net loss available to common stockholders, basic (9)(0)    
Net loss available to common stockholders, diluted:(92)(74)(131)(11)(6)(16)(13)

Comprehensive Income ($ in millions)

12/31/2019
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
Net loss:(65)(66)(131)(5)(4)(20)(13)
Other comprehensive income (loss)(0)    1(0)
Comprehensive loss:(65)(66)(131)(5)(4)(19)(13)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(28)    4 
Comprehensive loss, net of tax, attributable to parent:(92)(66)(131)(5)(4)(16)(13)

Statements sources

The financial statements are based on the company's filings with the 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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