View Systems Inc (VSYM) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1550 CATON CENTER DRIVE BALTIMORE, MD 21227 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 738 - Miscellaneous Business Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 0 | 0 | 3 | 13 | ||||
| Cash and cash equivalents | 1 | 0 | 0 | 3 | 13 | ||||
| Receivables | 20 | 4 | 7 | 27 | |||||
| Inventory, net of allowances, customer advances and progress billings | 1 | 1 | 1 | ||||||
| Inventory | 1 | 1 | 1 | ||||||
| Total current assets: | 21 | 0 | 5 | 11 | 41 | ||||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1 | 4 | |||||||
| Intangible assets, net (including goodwill) | |||||||||
| Intangible assets, net (excluding goodwill) | |||||||||
| Deposits noncurrent assets | 2 | 2 | 3 | ||||||
| Other undisclosed noncurrent assets | (4) | ||||||||
| Total noncurrent assets: | 1 | 2 | 2 | 3 | |||||
| Other undisclosed assets | 2 | 3 | 4 | ||||||
| TOTAL ASSETS: | 21 | 1 | 9 | 15 | 48 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 162 | 178 | 437 | 433 | 399 | 498 | |||
| Interest and dividends payable | 14 | 11 | 156 | 126 | 96 | 66 | |||
| Employee-related liabilities | 134 | ||||||||
| Accounts payable | 167 | ||||||||
| Accrued liabilities | 225 | 225 | 225 | 225 | |||||
| Other undisclosed accounts payable and accrued liabilities | 14 | 56 | 82 | 78 | 207 | ||||
| Debt | 142 | 130 | 50 | 50 | 61 | 80 | |||
| Derivative instruments and hedges, liabilities | 384 | 244 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 60 | 66 | 95 | 73 | ||
| Due to related parties | 267 | 267 | 637 | 591 | 565 | 432 | |||
| Other undisclosed current liabilities | 136 | 839 | 687 | 540 | 466 | ||||
| Total current liabilities: | 955 | 954 | 2,022 | 1,827 | 1,660 | 1,549 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 11 | ||||||||
| Long-term debt, excluding current maturities | 11 | ||||||||
| Total noncurrent liabilities: | 11 | ||||||||
| Other undisclosed liabilities | 640 | ||||||||
| Total liabilities: | 1,595 | 954 | 2,022 | 1,827 | 1,660 | 1,560 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (1,574) | (954) | (2,021) | (1,818) | (1,644) | (28,949) | |||
| Preferred stock | 6 | 6 | 6 | 6 | 6 | 5 | |||
| Common stock | 561 | 330 | 327 | 327 | 312 | 281 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (5) | (16) | (16) | (16) | (16) | ||||
| Additional paid in capital | 27,870 | 27,487 | 27,392 | 27,392 | 27,389 | 27,135 | |||
| Accumulated deficit | (30,031) | (28,792) | (29,761) | (29,559) | (29,368) | (28,949) | |||
| Other undisclosed equity, attributable to parent | 25 | 32 | 32 | 32 | 32 | (27,421) | |||
| Other undisclosed equity | 27,437 | ||||||||
| Total equity: | (1,574) | (954) | (2,021) | (1,818) | (1,644) | (1,512) | |||
| TOTAL LIABILITIES AND EQUITY: | 21 | 1 | 9 | 15 | 48 | ||||
Income Statement (P&L) ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1 | 33 | 53 | 58 | 202 | 392 | ||
| Revenue, net | ✕ | ✕ | ✕ | 22 | 8 | 128 | 278 | |
| Gain on disposition of assets for financial service operations | 191 | ✕ | ✕ | ✕ | ✕ | |||
| Cost of revenue (Cost of Goods and Services Sold) | (19) | (1) | (48) | (85) | ||||
| Gross profit: | 1 | 33 | 34 | 57 | 154 | 307 | ||
| Operating expenses | (715) | (58) | (242) | (194) | (541) | (1,624) | ||
| Other operating expense, net (Other Expenses) | (988) | (4) | (54) | (31) | ||||
| Other undisclosed operating income | 1,976 | 4 | 54 | 31 | ||||
| Operating income (loss): | (714) | 963 | (207) | (137) | (387) | (1,316) | ||
| Nonoperating income (expense) | (525) | 22 | ||||||
| Interest and debt expense | (142) | (93) | (4) | (54) | (31) | 22 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,381) | 870 | (211) | (191) | (419) | (1,273) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (845) | |||||||
| Income (loss) from continuing operations before income taxes: | (1,381) | 25 | (211) | (191) | (419) | (1,273) | ||
| Income tax benefit | 59 | 80 | 562 | |||||
| Income (loss) from continuing operations: | (1,381) | 25 | (152) | (111) | (419) | (711) | ||
| Loss before gain (loss) on sale of properties: | (1,381) | (19) | (152) | (111) | (419) | (711) | ||
| Loss from discontinued operations | (45) | |||||||
| Net loss: | (1,381) | (19) | (152) | (111) | (419) | (711) | ||
| Other undisclosed net income (loss) attributable to parent | 142 | 938 | (50) | (80) | (627) | |||
| Net income (loss) available to common stockholders, diluted: | (1,239) | 918 | (203) | (191) | (419) | (1,338) | ||
Comprehensive Income ($ in thousands)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (1,381) | (19) | (152) | (111) | (419) | (711) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,381) | (19) | (152) | (111) | (419) | (711) | ||
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.