Abakan Inc (ABKI) financial statements (2020 and earlier)

Company profile

Business Address 2665 S. BAYSHORE DRIVE
MIAMI, FL 33133
State of Incorp. NV
Fiscal Year End May 31
SIC 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

5/31/2015
5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2331233
Cash and cash equivalents2331233
Receivables67119110
Inventory, net of allowances, customer advances and progress billings35
Inventory35  
Prepaid expense36186117
Deferred costs161416
Other undisclosed current assets(16)(14) 
Total current assets:161336476
Noncurrent Assets
Property, plant and equipment5,1405,5405,595
Intangible assets, net (including goodwill)571364364
Goodwill364364364
Intangible assets, net (excluding goodwill)206  
Other undisclosed noncurrent assets8,3498,44410,205
Total noncurrent assets:14,06014,34816,164
TOTAL ASSETS:14,22114,68416,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,1852,2051,268
Accounts payable1,6041,552891
Accrued liabilities1,581652377
Debt6,7754,852994
Other undisclosed current liabilities1,4041,206437
Total current liabilities:11,3658,2632,699
Noncurrent Liabilities
Long-term debt and lease obligation471,1104,305
Long-term debt, excluding current maturities 1,0564,241
Capital lease obligations475464
Total noncurrent liabilities:471,1104,305
Total liabilities:11,4119,3747,004
Stockholders' equity
Stockholders' equity attributable to parent2,79124,53720,840
Common stock876
Additional paid in capital29,73924,53020,833
Accumulated other comprehensive loss(1)  
Accumulated deficit(26,954)  
Stockholders' equity attributable to noncontrolling interest132982,414
Other undisclosed stockholders' equity5(19,525)(13,617)
Total stockholders' equity:2,8105,3109,637
TOTAL LIABILITIES AND EQUITY:14,22114,68416,640

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

5/31/2015
5/31/2014
5/31/2013
Revenues
(Revenue, Net)
1,0408541,847
Cost of revenue(563)(298)(739)
Gross profit:4775561,108
Operating expenses(6,968)(7,449)(7,908)
Operating loss:(6,491)(6,893)(6,800)
Nonoperating expense
(Investment Income, Nonoperating)
(1,302)(686)(1,537)
Interest and debt expense441310222
Loss from continuing operations before equity method investments, income taxes:(7,353)(7,269)(8,115)
Other undisclosed loss from continuing operations before income taxes(441)(310)(222)
Net loss:(7,794)(7,579)(8,337)
Net loss attributable to noncontrolling interest(341)(1,623)(1,114)
Other undisclosed net income attributable to parent6833,2452,228
Net loss available to common stockholders, diluted:(7,452)(5,956)(7,223)

Comprehensive Income ($ in thousands)

5/31/2015
5/31/2014
5/31/2013
Net loss:(7,794)(7,579)(8,337)
Other undisclosed comprehensive income7,792  
Comprehensive loss:(1)(7,579)(8,337)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(341)1,6231,114
Comprehensive loss, net of tax, attributable to parent:(343)(5,956)(7,223)

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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