VirTra, Inc. (VTSI) financial statements (2021 and earlier)

Company profile

Business Address 7970 S. KYRENE ROAD
TEMPE, AZ 85284
State of Incorp. NV
Fiscal Year End December 31
SIC 399 - Miscellaneous Manufacturing Industries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,8424,0973,7803,1171,4153,3781,394
Cash and cash equivalents6,8424,0973,7803,1171,4153,3781,394
Receivables5,7206,2134,8435,1993,9573,5613,135
Inventory, net of allowances, customer advances and progress billings3,5163,4422,9292,1451,9492,8182,514
Inventory3,5163,4422,9292,1451,9492,8182,514
Other undisclosed current assets1,4494626741,1914,2082,4132,472
Total current assets:17,52714,21312,22611,65311,52912,1709,515
Noncurrent Assets
Operating lease, right-of-use asset1,0951,1701,2441,3181,3911,4631,534
Property, plant and equipment1,3821,0891,1581,1381,028949844
Long-term investments and receivables 285291291291291292
Due from related parties 285291291291291292
Intangible assets, net (including goodwill)271267257239218154156
Intangible assets, net (excluding goodwill)271267257239218154156
Deposits noncurrent assets87202120202020
Deferred income tax assets1,8921,7122,0621,8951,792  
Other noncurrent assets500333351334351340373
Other undisclosed noncurrent assets 4347008408403,5033,849
Total noncurrent assets:5,2265,3106,0846,0745,9316,7207,068
TOTAL ASSETS:22,75319,52418,31017,72717,46018,89016,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8572,2021,7991,6561,4922,2861,568
Accounts payable3466497435016211,047815
Accrued liabilities352316316316257169185
Employee-related liabilities843996608734611950544
Taxes payable316241132104211924
Deferred revenue4,7093,3702,8082,9562,4913,0052,687
Debt266602434 297291290
Other undisclosed current liabilities42731632435775190190
Total current liabilities:7,2586,4905,3654,9704,3555,7734,735
Noncurrent Liabilities
Long-term debt and lease obligation1,9161,6601,9061,0981,1751,2511,326
Long-term debt, excluding current maturities1,063724889    
Operating lease, liability8539361,0171,0981,1751,2511,326
Liabilities, other than long-term debt1,9201,3221,8411,8641,7481,6011,188
Deferred revenue1,9201,3221,8411,8641,7481,6011,188
Total noncurrent liabilities:3,8372,9823,7472,9622,9232,8522,515
Total liabilities:11,0959,4729,1127,9317,2798,6257,250
Stockholders' equity
Stockholders' equity attributable to parent11,65910,0529,1989,79510,18110,2659,334
Common stock1111111
Additional paid in capital13,89413,88813,90213,89813,89513,91313,919
Accumulated deficit(2,236)(3,837)(4,705)(4,104)(3,714)(3,649)(4,586)
Total stockholders' equity:11,65910,0529,1989,79510,18110,2659,334
TOTAL LIABILITIES AND EQUITY:22,75319,52418,31017,72717,46018,89016,583

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues6,5666,4142,7703,3385,8936,7133,054
Cost of revenue
(Cost of Goods and Services Sold)
(1,806)(2,446)(1,192)(1,743)(3,250)(2,958)(1,539)
Gross profit:4,7603,9671,5781,5952,6433,7561,515
Operating expenses(3,419)(2,748)(2,400)(2,107)(2,286)(2,509)(2,399)
Operating income (loss):1,3411,219(822)(512)3561,246(883)
Nonoperating income
(Other Nonoperating income)
1491913833
Income (loss) from continuing operations before income taxes:1,3421,223(813)(492)3571,285(851)
Income tax expense (benefit)259(355)211103(423)(348)217
Net income (loss) available to common stockholders, diluted:1,601868(601)(389)(66)937(634)

Comprehensive Income ($ in thousands)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):1,601868(601)(389)(66)937(634)
Comprehensive income (loss), net of tax, attributable to parent:1,601868(601)(389)(66)937(634)

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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