Aerkomm Inc. (AKOM) financial statements (2022 and earlier)

Company profile

Business Address 44043 FREMONT BLVD.
FREMONT, CA 94538
State of Incorp. NV
Fiscal Year End December 31
SIC 4899 - Communications Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 672751221227
Cash and cash equivalents 585751221227
Short-term investments 87     
Receivables  45147   
Inventory, net of allowances, customer advances and progress billings 5,2113,039209   
Inventory 5,2113,039209   
Prepaid expense 1,6232,969544   
Other current assets 1167   
Other undisclosed current assets 42412   
Total current assets: 7,5207,2181,2401227
Noncurrent Assets
Operating lease, right-of-use asset 353303
Property, plant and equipment 37,34037,7693,555   
Long-term investments and receivables 4,306     
Long-term investments 4,306     
Intangible assets, net (including goodwill) 3,8684,3635,328   
Goodwill 1,4751,4751,451   
Intangible assets, net (excluding goodwill) 2,3932,8883,878   
Deposits noncurrent assets 119114141   
Other undisclosed noncurrent assets 3,2102262   
Total noncurrent assets: 49,19742,7749,026   
TOTAL ASSETS: 56,71749,99210,2661227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,0061,158638012
Accounts payable 1,874913    
Accrued liabilities 1,131245638012
Debt 214110   
Due to related parties 527311,082 2613
Other liabilities 3,1121,8012,082   
Other undisclosed current liabilities 798300    
Total current liabilities: 7,4643,3313,81202715
Noncurrent Liabilities
Long-term debt and lease obligation 90127    
Long-term debt, excluding current maturities 2937    
Finance lease, liability 3745
Operating lease, liability 2445
Other undisclosed noncurrent liabilities 10,1077180   
Total noncurrent liabilities: 10,2218450   
Total liabilities: 17,6854,1763,81202715
Stockholders' equity
Stockholders' equity attributable to parent, including: 39,03245,8166,4540(25)12
Common stock 9941188
Additional paid in capital 73,16169,56113,48511(46)(46)
Accumulated other comprehensive loss (1,754)(483)(3)   
Accumulated deficit (32,384)(23,272)(7,144)(11)  
Other undisclosed stockholders' equity attributable to parent   75 1350
Total stockholders' equity: 39,03245,8166,4540(25)12
TOTAL LIABILITIES AND EQUITY: 56,71749,99210,2661227

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1631,600 71014
Revenue, net 71014
Other income 163    
Cost of revenue
(Cost of Goods and Services Sold)
  (1,587)(1)(5)(6)(9)
Gross profit: 16313(1)245
Operating expenses (8,336)(8,569)(7,148)(27)(40)(18)
Other undisclosed operating income (loss) (163) 1   
Operating loss: (8,336)(8,557)(7,148)(25)(37)(13)
Nonoperating income (expense) (773)58024   
Foreign currency transaction gain, before tax 1,089586    
Interest and debt expense (17)(2)    
Loss from continuing operations before equity method investments, income taxes: (9,126)(7,978)(7,124)(25)(37)(13)
Other undisclosed income from continuing operations before income taxes 172    
Loss from continuing operations before income taxes: (9,109)(7,976)(7,124)(25)(37)(13)
Income tax expense (3)(3)(9)   
Net loss available to common stockholders, diluted: (9,112)(7,980)(7,132)(25)(37)(13)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (9,112)(7,980)(7,132)(25)(37)(13)
Other comprehensive loss (1,272)(603)    
Comprehensive loss: (10,384)(8,582)(7,132)(25)(37)(13)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (3)   
Comprehensive loss, net of tax, attributable to parent: (10,384)(8,582)(7,136)(25)(37)(13)

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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