Remedent Inc (REMI) financial statements (2020 and earlier)

Company profile

Business Address BELGIUM ZUIDERLAAN 1-3 BUS 8
GHENT, 9000
State of Incorp. NV
Fiscal Year End March 31
SIC 3843 - Dental Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments102858067835576
Cash and cash equivalents102858067835576
Receivables3644434022344709961,032
Inventory, net of allowances, customer advances and progress billings119129111111111112115
Inventory119129111111111112115
Prepaid expense184235261245119256279
Total current assets:7688928546567841,4201,501
Noncurrent Assets
Property, plant and equipment759266126148166148
Other undisclosed noncurrent assets6,9136,9447,0137,1154,1943,6613,630
Total noncurrent assets:6,9887,0357,0797,2404,3423,8273,778
TOTAL ASSETS:7,7567,9277,9337,8965,1265,2475,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5922,5752,4592,3692,1792,0491,999
Accounts payable2,1372,1102,0021,9191,9081,7911,700
Accrued liabilities455466457450271258299
Deferred revenue113124  
Due to related parties     4949
Other undisclosed current liabilities  13364606057
Total current liabilities:2,7042,7002,5922,4332,2402,1582,106
Noncurrent Liabilities
Long-term debt and lease obligation8787     
Operating lease, liability8787  
Other undisclosed noncurrent liabilities  87    
Total noncurrent liabilities:878787    
Total liabilities:2,7912,7872,6792,4332,2402,1582,106
Stockholders' equity
Stockholders' equity attributable to parent, including:4,8935,0545,1585,3922,8263,0133,091
Common stock20202020202020
Treasury stock, value(831)(831)(831)(831)(831)(831)(831)
Additional paid in capital24,90624,90624,90624,90624,90624,90624,906
Accumulated other comprehensive loss(1,083)(1,071)(1,126)(1,083)(920)(920)(918)
Accumulated deficit(18,216)(18,068)(17,908)(17,717)(20,447)(20,259)(20,183)
Other undisclosed stockholders' equity attributable to parent98989898989898
Stockholders' equity attributable to noncontrolling interest72869671617683
Total stockholders' equity:4,9655,1405,2545,4632,8873,0893,174
TOTAL LIABILITIES AND EQUITY:7,7567,9277,9337,8965,1265,2475,280

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

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Revenues262242310404419346435
Cost of revenue(95)(68)(77)(119)(146)(117)(106)
Gross profit:168174233285274229329
Operating expenses(291)(271)(300)(511)(496)(342)(486)
Operating loss:(123)(97)(67)(226)(222)(113)(157)
Nonoperating income (expense)(39)(73)(99)2,78721300
Other nonoperating income (expense)(6)(2)4 (2)(0)(2)
Interest and debt expense(2)(1)(2)(5)(3)(1)(2)
Income (loss) from continuing operations before equity method investments, income taxes:(164)(171)(167)2,556(204)(84)(158)
Income from equity method investments   2,852   
Other undisclosed income (loss) from continuing operations before income taxes212(2,846)3  
Income (loss) from continuing operations before income taxes:(162)(169)(166)2,561(202)(84)(158)
Income tax expense(2)   (1)  
Income (loss) before gain (loss) on sale of properties:(163)(169)(166)2,561(203)(84)(158)
Other undisclosed net income     12
Net income (loss):(163)(169)(166)2,561(203)(83)(156)
Net income (loss) attributable to noncontrolling interest1510(25)(10)157(2)
Net income (loss) available to common stockholders, diluted:(149)(160)(191)2,551(188)(76)(159)

Comprehensive Income ($ in thousands)

12/31/2019
Q3
9/30/2019
Q2
6/30/2019
Q1
3/31/2019
Q4
12/31/2018
Q3
9/30/2018
Q2
6/30/2018
Q1
Net income (loss):(163)(169)(166)2,561(203)(83)(156)
Other undisclosed comprehensive income (loss)(12)56(43)15(2)(2)19
Comprehensive income (loss):(176)(114)(209)2,576(205)(85)(138)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1510(25)(10)157(2)
Comprehensive income (loss), net of tax, attributable to parent:(161)(104)(234)2,567(190)(78)(140)

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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