Praxsyn Corporation (PXYN) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1803 SKY PARK CIRCLE IRVINE, CA 92614 |
| State of Incorp. | IL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2834 - Pharmaceutical Preparations (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 1,222 | 1 | 82 | ||
| Cash and cash equivalents | 1,222 | 1 | 82 | ||
| Receivables | 8,561 | ||||
| Inventory, net of allowances, customer advances and progress billings | 202 | ✕ | ✕ | ||
| Inventory | 202 | ||||
| Prepaid expense | 0 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | 2 | ||
| Other current assets | 16 | ✕ | |||
| Other undisclosed current assets | 1,573 | ||||
| Total current assets: | 11,574 | 2 | 83 | ||
| Noncurrent Assets | |||||
| Property, plant and equipment | 80 | 11 | 52 | ||
| Long-term investments and receivables | 4,140 | ||||
| Accounts and financing receivable, after allowance for credit loss | 4,140 | ||||
| Other noncurrent assets | 8 | ✕ | |||
| Deferred tax assets, net | 903 | ||||
| Total noncurrent assets: | 5,130 | 11 | 52 | ||
| TOTAL ASSETS: | 16,704 | 13 | 136 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 9,111 | 2,140 | 1,597 | ||
| Settlement liabilities | 70 | ✕ | ✕ | ||
| Interest and dividends payable | 1,573 | ||||
| Accounts payable | 483 | ||||
| Accrued liabilities | 6,984 | ||||
| Other undisclosed accounts payable and accrued liabilities | 2,140 | 1,597 | |||
| Debt | (3,876) | 587 | 655 | ||
| Derivative instruments and hedges, liabilities | 248 | ||||
| Disposal group, including discontinued operation | 962 | ||||
| Deferred revenue and credits | 122 | ||||
| Due to related parties | 199 | ||||
| Other undisclosed current liabilities | 8,328 | 1,358 | 617 | ||
| Total current liabilities: | 14,845 | 4,085 | 3,118 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 227 | ||||
| Long-term debt, excluding current maturities | 227 | ||||
| Liabilities, other than long-term debt | 377 | ||||
| Accounts payable and accrued liabilities | 377 | ||||
| Other undisclosed noncurrent liabilities | (377) | 248 | |||
| Total noncurrent liabilities: | 227 | 248 | |||
| Total liabilities: | 15,072 | 4,085 | 3,366 | ||
| Equity | |||||
| Equity, attributable to parent | 1,632 | (4,072) | (3,230) | ||
| Treasury stock, value | (200) | ||||
| Additional paid in capital | 54,240 | 16,162 | 11,567 | ||
| Accumulated deficit | (52,408) | (20,234) | (14,797) | ||
| Total equity: | 1,632 | (4,072) | (3,230) | ||
| TOTAL LIABILITIES AND EQUITY: | 16,704 | 13 | 136 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 66,599 | |||
| Cost of revenue | (3,586) | |||
| Gross profit: | 63,013 | |||
| Operating expenses | (36,947) | (988) | (2,825) | |
| Other undisclosed operating income | 1,088 | |||
| Operating income (loss): | 26,066 | (988) | (1,737) | |
| Nonoperating income (expense) | (38,635) | (4,448) | 859 | |
| Investment income, nonoperating | 12 | 2,742 | ||
| Interest and debt expense | (458) | (223) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 458 | 223 | ||
| Loss from continuing operations before income taxes: | (12,568) | (5,436) | (878) | |
| Income tax expense (benefit) | 214 | (1) | (2) | |
| Loss from continuing operations: | (12,354) | (5,437) | (879) | |
| Loss before gain (loss) on sale of properties: | (12,354) | (5,437) | (879) | |
| Net loss: | (12,354) | (5,437) | (879) | |
| Other undisclosed net loss attributable to parent | (340) | |||
| Net loss attributable to parent: | (12,354) | (5,437) | (1,219) | |
| Other undisclosed net income available to common stockholders, basic | 322 | |||
| Net loss available to common stockholders, diluted: | (12,354) | (5,437) | (897) | |
Comprehensive Income ($ in thousands)
| 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|
| Net loss: | (12,354) | (5,437) | (879) | |
| Comprehensive loss, net of tax, attributable to parent: | (12,354) | (5,437) | (879) | |
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.