SideChannel, Inc. (SDCH) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
146 MAIN STREET WORCESTER, MA 01608 |
| State of Incorp. | DE |
| Fiscal Year End | September 30 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2024 MRQ | 12/31/2023 MRQ | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 819 | 1,053 | 3,030 | 5,784 | 1,080 | 7,839 | |||
| Cash and cash equivalents | 819 | 1,053 | 3,030 | 5,784 | 1,080 | 7,839 | |||
| Receivables | 868 | 834 | 612 | ||||||
| Prepaid expense | 278 | 381 | 320 | 280 | 258 | 121 | |||
| Deferred costs | 180 | 180 | 180 | 0 | |||||
| Other undisclosed current assets | 180 | ||||||||
| Total current assets: | 2,145 | 2,448 | 4,142 | 6,244 | 1,338 | 7,961 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 291 | ||||||||
| Property, plant and equipment | 27 | 30 | 40 | ||||||
| Intangible assets, net (including goodwill) | 1,356 | 1,356 | 6,296 | ||||||
| Goodwill | 1,356 | 1,356 | 1,356 | ||||||
| Intangible assets, net (excluding goodwill) | 4,940 | ||||||||
| Deferred costs | 105 | 150 | 330 | 510 | |||||
| Other noncurrent assets | 200 | 8 | |||||||
| Total noncurrent assets: | 1,488 | 1,536 | 6,626 | 510 | 491 | 48 | |||
| TOTAL ASSETS: | 3,633 | 3,984 | 10,768 | 6,754 | 1,829 | 8,009 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 511 | 613 | 786 | 1,463 | 840 | 651 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 25 | 10 | 142 | ||
| Accrued liabilities | 11 | 11 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 500 | 602 | 786 | 1,438 | 830 | 508 | |||
| Deferred revenue | 238 | 280 | 130 | 15 | 28 | ||||
| Debt | 50 | 50 | |||||||
| Other undisclosed current liabilities | 11 | 11 | 195 | 25 | 360 | 142 | |||
| Total current liabilities: | 760 | 954 | 1,161 | 1,488 | 1,215 | 821 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 604 | ||||||||
| Liabilities, other than long-term debt | 211 | ||||||||
| Deferred income tax liabilities | 211 | ||||||||
| Operating lease, liability | 604 | ||||||||
| Other undisclosed noncurrent liabilities | (455) | ||||||||
| Total noncurrent liabilities: | 211 | 752 | |||||||
| Total liabilities: | 760 | 954 | 1,372 | 1,488 | 1,967 | 821 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 2,873 | 3,030 | 9,396 | 5,266 | (138) | 7,187 | |||
| Preferred stock | 10 | 10 | |||||||
| Common stock | 222 | 214 | 149 | 963 | 408 | 408 | |||
| Treasury stock, value | (590) | ||||||||
| Additional paid in capital | 21,836 | 21,755 | 21,180 | 76,424 | 68,421 | 68,226 | |||
| Accumulated deficit | (19,185) | (18,939) | (11,933) | (71,531) | (68,427) | (61,457) | |||
| Other undisclosed equity, attributable to parent | (550) | ||||||||
| Total equity: | 2,873 | 3,030 | 9,396 | 5,266 | (138) | 7,187 | |||
| TOTAL LIABILITIES AND EQUITY: | 3,633 | 3,984 | 10,768 | 6,754 | 1,829 | 8,009 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,762 | 6,572 | 4,789 | 15 | 48 | 47 | ||
| Cost of revenue | (3,450) | (3,240) | (2,468) | |||||
| Gross profit: | 3,312 | 3,332 | 2,321 | 15 | 48 | 47 | ||
| Operating expenses | (10,378) | (10,746) | (13,915) | (3,311) | (6,974) | (6,889) | ||
| Operating loss: | (7,066) | (7,414) | (11,594) | (3,295) | (6,926) | (6,842) | ||
| Nonoperating income (expense) | 37 | 29 | 13 | 191 | (44) | 8 | ||
| Other nonoperating income | 2 | 13 | ||||||
| Loss from continuing operations before income taxes: | (7,029) | (7,385) | (11,581) | (3,104) | (6,970) | (6,834) | ||
| Income tax expense (benefit) | 379 | (195) | ||||||
| Other undisclosed income from continuing operations | 379 | |||||||
| Loss from continuing operations: | (6,650) | (7,006) | (11,776) | (3,104) | (6,970) | (6,834) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (11,776) | (3,104) | (6,970) | (6,834) | |
| Net loss available to common stockholders, diluted: | (6,650) | (7,006) | (11,776) | (3,104) | (6,970) | (6,834) | ||
Comprehensive Income ($ in thousands)
| 3/31/2024 TTM | 12/31/2023 TTM | 9/30/2023 | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (6,650) | (7,006) | (11,776) | (3,104) | (6,970) | (6,834) | ||
| Comprehensive loss, net of tax, attributable to parent: | (6,650) | (7,006) | (11,776) | (3,104) | (6,970) | (6,834) | ||
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.