PolarityTE, Inc. (RGTPQ) Financial Statements (2025 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)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 10/31/2018 | 10/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 11,446 | 19,525 | 25,522 | 25,835 | 70,961 | 17,667 | |||
| Cash and cash equivalent | 11,446 | 19,375 | 25,522 | 10,218 | 70,961 | 17,667 | |||
| Short-term investments | 150 | 19,022 | |||||||
| Other undisclosed cash, cash equivalents, and short-term investments | (3,405) | ||||||||
| Receivables | 978 | 4,019 | 1,831 | 1,100 | 60 | ||||
| Inventory, net of allowances, customer advances and progress billings | 883 | 252 | 238 | ||||||
| Inventory | 883 | 252 | 238 | ||||||
| Prepaid expense | 440 | 445 | 195 | ||||||
| Deferred costs | 98 | 694 | |||||||
| Asset, held-for-sale, not part of disposal group | 700 | 441 | |||||||
| Other current assets | 1 | ||||||||
| Other undisclosed current assets | 571 | 306 | 792 | 4,569 | 1,003 | 41 | |||
| Total current assets: | 13,255 | 22,389 | 31,216 | 32,487 | 73,302 | 17,964 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,906 | 1,146 | 2,452 | 4,590 | ✕ | ✕ | |||
| Property, plant and equipment | 1,775 | 6,923 | 10,550 | 14,911 | 12,927 | 2,173 | |||
| Long-term investments and receivables | 15 | ||||||||
| Accounts and financing receivable, after allowance for credit loss | 15 | ||||||||
| Intangible assets, net (including goodwill) | 820 | 1,009 | 1,235 | ||||||
| Goodwill | 278 | 278 | 278 | ||||||
| Intangible assets, net (excluding goodwill) | 542 | 731 | 957 | ||||||
| Other noncurrent assets | 911 | 720 | 472 | 602 | 378 | ||||
| Total noncurrent assets: | 9,592 | 8,789 | 14,294 | 21,112 | 14,540 | 2,188 | |||
| TOTAL ASSETS: | 22,847 | 31,178 | 45,510 | 53,599 | 87,842 | 20,152 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,380 | 3,115 | 4,148 | 7,095 | 4,363 | 1,939 | |||
| Employee-related liabilities | ✕ | ✕ | 111 | 330 | 1,053 | 933 | 574 | ||
| Accounts payable | 459 | 173 | 1,193 | 1,689 | 2,007 | 25 | |||
| Accrued liabilities | 261 | 1,446 | 837 | 2,334 | 1,423 | 888 | |||
| Other undisclosed accounts payable and accrued liabilities | 660 | 1,385 | 1,788 | 2,019 | 452 | ||||
| Deferred revenue | 168 | 98 | ✕ | ✕ | |||||
| Debt | 2,059 | 528 | 519 | ||||||
| Other liabilities | 687 | 1,520 | 2,106 | 2,338 | 286 | ||||
| Other undisclosed current liabilities | 74 | 150 | 13,502 | ||||||
| Total current liabilities: | 2,067 | 4,709 | 8,481 | 10,059 | 5,318 | 15,441 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 41 | 719 | 4,427 | 4,624 | 736 | ||||
| Long-term debt, excluding current maturities | 338 | 2,240 | 1,630 | 736 | |||||
| Finance lease, liability | 41 | 338 | 711 | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 2,632 | ||||||||
| Operating lease, liability | 2,632 | 43 | 1,476 | 2,994 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 1,489 | 6,463 | 3,788 | 126 | |||||
| Total noncurrent liabilities: | 4,162 | 7,225 | 9,691 | 4,624 | 862 | ||||
| Total liabilities: | 6,229 | 11,934 | 18,172 | 14,683 | 6,180 | 15,441 | |||
| Temporary equity, including noncontrolling interest | 4,541 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 16,618 | 19,244 | 27,338 | 38,916 | 81,662 | 170 | |||
| Preferred stock | 109,995 | ||||||||
| Common stock | 7 | 82 | 55 | 27 | 21 | 7 | |||
| Additional paid in capital | 532,842 | 527,560 | 505,494 | 474,174 | 406,087 | 149,173 | |||
| Accumulated other comprehensive income | 72 | ||||||||
| Accumulated deficit | (516,231) | (508,398) | (478,211) | (435,357) | (324,446) | (259,005) | |||
| Total equity: | 16,618 | 19,244 | 27,338 | 38,916 | 81,662 | 170 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,847 | 31,178 | 45,510 | 53,599 | 87,842 | 20,152 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 10/31/2018 | 10/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 814 | 9,404 | 10,126 | 5,652 | 1,563 | |||
| Loss on disposition of assets for financial service operations | (5,197) | ✕ | ||||||
| Cost of revenue (Cost of Product and Service Sold) | (4,424) | (2,479) | (1,002) | |||||
| Other undisclosed gross profit | (616) | (4,316) | ||||||
| Gross profit: | 198 | 5,088 | 5,702 | 3,173 | 561 | |||
| Operating expenses | (22,571) | (38,774) | (51,642) | (96,566) | (69,993) | (130,612) | ||
| Operating loss: | (22,373) | (33,686) | (45,940) | (93,393) | (69,432) | (130,612) | ||
| Nonoperating income | 14,551 | 5,211 | 3,268 | 749 | ||||
| Investment income, nonoperating | 14,468 | 4,995 | 2,914 | |||||
| Other nonoperating income | 83 | 216 | 354 | 749 | ||||
| Interest and debt expense | (47) | 3,612 | (151) | (152) | ||||
| Loss from continuing operations before equity method investments, income taxes: | (7,869) | (24,863) | (42,823) | (92,796) | (69,432) | (130,612) | ||
| Other undisclosed income from continuing operations before income taxes | 303 | 3,689 | ||||||
| Loss from continuing operations before income taxes: | (7,869) | (24,863) | (42,823) | (92,493) | (65,743) | (130,612) | ||
| Income tax expense (benefit) | 27,652 | (302) | ||||||
| Loss from continuing operations: | (7,869) | (24,863) | (42,823) | (64,841) | (66,045) | (130,612) | ||
| Loss before gain (loss) on sale of properties: | ✕ | (24,863) | (42,823) | (64,841) | (66,045) | (131,061) | ||
| Loss from discontinued operations | (449) | |||||||
| Net loss: | (7,869) | (24,863) | (42,823) | (64,841) | (66,045) | (131,061) | ||
| Other undisclosed net income (loss) attributable to parent | 36 | (5,324) | (31) | (27,652) | 604 | 232 | ||
| Net loss attributable to parent: | (7,833) | (30,187) | (42,854) | (92,493) | (65,441) | (130,829) | ||
| Other undisclosed net loss available to common stockholders, basic | (8,720) | (493) | ||||||
| Net loss available to common stockholders, diluted: | (7,833) | (30,187) | (42,854) | (92,493) | (74,161) | (131,322) | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 10/31/2018 | 10/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,869) | (24,863) | (42,823) | (64,841) | (66,045) | (131,061) | ||
| Other comprehensive income (loss) | 72 | (36) | ||||||
| Comprehensive loss: | (7,869) | (24,863) | (42,751) | (64,877) | (66,045) | (131,061) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (5,324) | (175) | (27,580) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (7,869) | (30,187) | (42,926) | (92,457) | (66,045) | (131,061) | ||
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.