Wave Sync Corp. (WAYS) Financial Statements (2024 and earlier)

Company Profile

Business Address 19 WEST 44TH STREET
NEW YORK, NY 10036
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 286 - Industrial Organic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2,87700110481
Cash and cash equivalents 2,87700110481
Receivables 64  071,356
Inventory, net of allowances, customer advances and progress billings 3     
Inventory 3     
Prepaid expense 6  6918
Advances on inventory purchases     3665
Deposits current assets 100     
Other undisclosed current assets     43
Total current assets: 3,049007671,922
Noncurrent Assets
Property, plant and equipment 21,140  16720
Long-term investments and receivables 857     
Long-term investments 857     
Intangible assets, net (including goodwill) 253 1 3,9520
Goodwill 63     
Intangible assets, net (excluding goodwill) 190 1 3,9520
Deposits noncurrent assets      12
Other undisclosed noncurrent assets   (1)   
Total noncurrent assets: 22,250  14,01932
TOTAL ASSETS: 25,3000084,0861,954
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4427232369203195
Taxes payable 110 69
Accounts payable 341  322160150
Accrued liabilities 1007132473736
Debt 2,178  5276157
Due to related parties 39  9946852,430
Other undisclosed current liabilities 14     
Total current liabilities: 2,67372321,4159652,782
Noncurrent Liabilities
Long-term debt and lease obligation 1,434     
Long-term debt, excluding current maturities 1,434     
Total noncurrent liabilities: 1,434     
Total liabilities: 4,10772321,4159652,782
Equity
Equity, attributable to parent 21,193(72)(32)(1,407)3,122(828)
Common stock 172121212120
Additional paid in capital 23,46627,29727,29725,88924,77615,823
Accumulated other comprehensive loss  (259)(259)(259)(223)(80)
Accumulated deficit (2,290)(27,132)(27,092)(27,059)(21,452)(16,591)
Total equity: 21,193(72)(32)(1,407)3,122(828)
TOTAL LIABILITIES AND EQUITY: 25,3000084,0861,954

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

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 163  8623131
Cost of revenue (20)  (84)(1)(0)
Gross profit: 143  223031
Operating expenses (1,819)(39)(33)(1,671)(1,448)(1,263)
Operating loss: (1,676)(39)(33)(1,670)(1,219)(1,232)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 209  (3,937)(3,643)(1)
Interest and debt expense (11)   (1)(1)
Loss from continuing operations before equity method investments, income taxes: (1,478)(39)(33)(5,607)(4,862)(1,234)
Other undisclosed income from continuing operations before income taxes 11   11
Loss from continuing operations: (1,467)(39)(33)(5,607)(4,862)(1,233)
Loss before gain (loss) on sale of properties:(1,467)(39)(33)(5,607)(4,862)(1,233)
Net loss available to common stockholders, diluted: (1,467)(39)(33)(5,607)(4,862)(1,233)

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (1,467)(39)(33)(5,607)(4,862)(1,233)
Other comprehensive loss    (35)(143)(27)
Comprehensive loss, net of tax, attributable to parent: (1,467)(39)(33)(5,642)(5,005)(1,260)

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.

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