PolarityTE, Inc. (PTE) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1960 S. 4250 WEST SALT LAKE CITY, UT 84104 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2836 - Biological Products, Except Diagnostic Substances (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11,446 | 16,453 | 20,877 | 18,873 | 19,525 | 27,351 | |||
| Cash and cash equivalents | 11,446 | 16,094 | 20,518 | 18,723 | 19,375 | 27,351 | |||
| Short-term investments | 359 | 359 | 150 | 150 | |||||
| Receivables | 310 | 978 | 1,686 | ||||||
| Prepaid expense | 440 | 298 | 416 | 387 | 445 | ||||
| Deferred costs | 98 | 98 | 98 | 104 | 694 | ||||
| Disposal group, including discontinued operation | 3,550 | ||||||||
| Asset, held-for-sale, not part of disposal group | 700 | 441 | |||||||
| Other undisclosed current assets | 571 | 1,640 | 1,506 | 1,047 | 306 | 1,884 | |||
| Total current assets: | 13,255 | 18,489 | 22,897 | 24,271 | 22,389 | 30,921 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,906 | 246 | 554 | 854 | 1,146 | 1,411 | |||
| Property, plant and equipment | 1,775 | 2,499 | 3,670 | 4,197 | 6,923 | 8,025 | |||
| Intangible assets, net (including goodwill) | 678 | ||||||||
| Goodwill | 278 | ||||||||
| Intangible assets, net (excluding goodwill) | 400 | ||||||||
| Other noncurrent assets | 911 | 911 | 910 | 720 | 720 | 225 | |||
| Total noncurrent assets: | 9,592 | 3,656 | 5,134 | 5,771 | 8,789 | 10,339 | |||
| TOTAL ASSETS: | 22,847 | 22,145 | 28,031 | 30,042 | 31,178 | 41,260 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,380 | 1,895 | 1,944 | 4,609 | 3,115 | 3,685 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 111 | 64 | ||
| Accounts payable | 459 | 351 | 480 | 713 | 173 | 457 | |||
| Accrued liabilities | 261 | 262 | 458 | 2,735 | 1,446 | 946 | |||
| Other undisclosed accounts payable and accrued liabilities | 660 | 1,282 | 1,006 | 1,161 | 1,385 | 2,218 | |||
| Disposal group, including discontinued operation | 212 | ||||||||
| Other liabilities | 687 | 904 | 1,568 | 2,221 | 1,520 | 2,053 | |||
| Other undisclosed current liabilities | 3 | 74 | 255 | ||||||
| Total current liabilities: | 2,067 | 2,799 | 3,512 | 7,045 | 4,709 | 5,993 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 41 | 278 | 439 | 598 | 719 | 1,095 | |||
| Long-term debt, excluding current maturities | 113 | 188 | 262 | 338 | 435 | ||||
| Finance lease, liability | 41 | 113 | 188 | 262 | 338 | 434 | |||
| Liabilities, other than long-term debt | 2,632 | ||||||||
| Operating lease, liability | 2,632 | 52 | 63 | 74 | 43 | 226 | |||
| Other undisclosed noncurrent liabilities | 1,489 | 2,073 | 3,971 | 4,532 | 6,463 | 7,045 | |||
| Total noncurrent liabilities: | 4,162 | 2,403 | 4,473 | 5,204 | 7,182 | 8,366 | |||
| Total liabilities: | 6,229 | 5,202 | 7,985 | 12,249 | 11,934 | 14,359 | |||
| Equity | |||||||||
| Equity, attributable to parent | 16,618 | 16,943 | 20,046 | 17,793 | 19,244 | 26,901 | |||
| Common stock | 7 | 7 | 5 | 99 | 82 | 82 | |||
| Additional paid in capital | 532,842 | 532,573 | 532,278 | 529,863 | 527,560 | 526,649 | |||
| Accumulated deficit | (516,231) | (515,637) | (512,237) | (512,169) | (508,398) | (499,830) | |||
| Total equity: | 16,618 | 16,943 | 20,046 | 17,793 | 19,244 | 26,901 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,847 | 22,145 | 28,031 | 30,042 | 31,178 | 41,260 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 73 | 741 | 1,042 | 1,116 | ||||
| Sublease income | (165) | 55 | ||||||
| Cost of revenue | 3,723 | |||||||
| Other undisclosed gross profit | (125) | (491) | (4,316) | (634) | ||||
| Gross profit: | (52) | 250 | 449 | 482 | ||||
| Operating expenses | (1,365) | (5,405) | (6,678) | (9,123) | (9,888) | (7,892) | ||
| Operating loss: | (1,365) | (5,405) | (6,730) | (8,873) | (9,439) | (7,410) | ||
| Nonoperating income | 749 | 2,009 | 6,676 | 5,117 | 892 | 6,418 | ||
| Investment income, nonoperating | 749 | 1,984 | 6,630 | 5,105 | 861 | 6,354 | ||
| Interest and debt expense | (5) | (12) | (14) | (16) | (24) | |||
| Loss from continuing operations: | (621) | (3,408) | (68) | (3,772) | (8,547) | (1,016) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (3,408) | (68) | (3,772) | (8,547) | (1,016) | |
| Net loss: | (621) | (3,408) | (68) | (3,772) | (8,547) | (1,016) | ||
| Other undisclosed net income (loss) attributable to parent | 27 | 8 | 1 | (21) | (5) | |||
| Net loss available to common stockholders, diluted: | (594) | (3,400) | (68) | (3,771) | (8,568) | (1,021) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2023 Q1 | 12/31/2022 Q4 | 9/30/2022 Q3 | 6/30/2022 Q2 | 3/31/2022 Q1 | 12/31/2021 Q4 | 9/30/2021 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (621) | (3,408) | (68) | (3,772) | (8,547) | (1,016) | ||
| Comprehensive loss: | (621) | (3,408) | (68) | (3,772) | (8,547) | (1,016) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (21) | (5) | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (621) | (3,408) | (68) | (3,772) | (8,568) | (1,021) | ||
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.