PolarityTE, Inc. (PTE) financial statements (2021 and earlier)

Company profile

Business Address 1960 S. 4250 WEST
SALT LAKE CITY, UT 84104
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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:26233121263140
Cash and cash equivalents26233139102746
Short-term investments   1191912
Other undisclosed cash, cash equivalents, and short-term investments   (19)(3)(15)(18)
Receivables4321222
Inventory, net of allowances, customer advances and progress billings1100000
Inventory1100000
Other undisclosed current assets1222151619
Total current assets:31293544324962
Noncurrent Assets
Operating lease, right-of-use asset2344555
Property, plant and equipment11121315151616
Intangible assets, net (including goodwill)1111111
Goodwill0000000
Intangible assets, net (excluding goodwill)1111111
Other noncurrent assets0011100
Total noncurrent assets:14161821212223
TOTAL ASSETS:46455364547185
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:45587106
Accounts payable1102242
Accrued liabilities1112232
Employee-related liabilities0112132
Other undisclosed accounts payable and accrued liabilities222221 
Deferred revenue0000000
Debt2211111
Other liabilities2233233
Total current liabilities:8991210139
Noncurrent Liabilities
Long-term debt and lease obligation4665555
Long-term debt, excluding current maturities2321200
Finance lease, liability1111 11
Operating lease, liability1223334
Other undisclosed noncurrent liabilities4573 1 
Total noncurrent liabilities:8121411555
Total liabilities:18212423151915
Stockholders' equity
Stockholders' equity attributable to parent27253042395270
Common stock0000000
Additional paid in capital505493491490474467461
Accumulated other comprehensive income   0000
Accumulated deficit(478)(468)(461)(448)(435)(414)(391)
Total stockholders' equity:27253042395270
TOTAL LIABILITIES AND EQUITY:46455364547185

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues4321111
Cost of revenue
(Cost of Goods and Services Sold)
(2)(1)(1)(1)(0)(1)(1)
Gross profit:2210111
Operating expenses(10)(11)(12)(18)(22)(24)(24)
Operating loss:(9)(9)(11)(18)(21)(23)(23)
Nonoperating income (expense)(1)2(2)0000
Investment income, nonoperating(2)2(2)    
Other nonoperating income0000000
Interest and debt expense(0)(0)(0)(0)(0)(0)(0)
Loss from continuing operations before equity method investments, income taxes:(10)(7)(13)(18)(21)(23)(23)
Other undisclosed income from continuing operations before income taxes    0  
Loss from continuing operations before income taxes:(10)(7)(13)(18)(21)(23)(23)
Other undisclosed income from continuing operations    28  
Net income (loss):(10)(7)(13)(18)7(23)(23)
Other undisclosed net income (loss) attributable to parent(0)(0)(0)5(28)00
Net loss available to common stockholders, diluted:(10)(7)(13)(13)(21)(23)(23)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):(10)(7)(13)(18)7(23)(23)
Other comprehensive income (loss)  00 0(0)
Other undisclosed comprehensive income (loss)0   (0)  
Comprehensive income (loss):(10)(7)(13)(18)7(23)(23)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)(0)(0)4(28)00
Comprehensive loss, net of tax, attributable to parent:(10)(7)(13)(13)(21)(23)(23)

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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