Axion Power International Inc (AXPW) financial statements (2022 and earlier)

Company profile

Business Address 3601 CLOVER LANE
NEW CASTLE, PA 16105
State of Incorp. DE
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2001,0073,4361,1692,004
Cash and cash equivalents2001,0073,4361,1692,004
Restricted cash and investments 7,150   
Receivables(21)1310563771
Inventory, net of allowances, customer advances and progress billings(465)2801,1372,2512,839
Inventory(465)2801,1372,2512,839
Prepaid expense and other current assets173
Other current assets75378194281
Other undisclosed current assets487  3,78022
Total current assets:2768,8284,7778,0445,810
Noncurrent Assets
Property, plant and equipment3031,7722,0736,6997,963
Other undisclosed noncurrent assets   2941
Total noncurrent assets:3031,7722,0736,7288,004
TOTAL ASSETS:57810,5996,85014,77113,814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities299361336420582
Accounts payable299361336420582
Debt32371105105114
Deferred compensation liability  52  
Derivative instruments and hedges, liabilities2,598    
Other liabilities863790293353306
Other undisclosed current liabilities4,3527,245292,683 
Total current liabilities:8,1438,7678153,5601,001
Noncurrent Liabilities
Long-term debt and lease obligation  105220331
Long-term debt, excluding current maturities  105220331
Liabilities, other than long-term debt 2,1542,9869221,264
Deferred revenue and credits  569221,262
Derivative instruments and hedges, liabilities 2,1542,930 1
Other undisclosed noncurrent liabilities   518 
Total noncurrent liabilities: 2,1543,0911,6611,595
Total liabilities:8,14310,9213,9065,2212,596
Stockholders' equity
Stockholders' equity attributable to parent, including:(7,565)(321)2,9449,55011,218
Common stock48020361811
Additional paid in capital125,411122,556118,416106,30296,013
Accumulated other comprehensive loss(252)    
Accumulated deficit(133,204)(122,646)(115,256)(96,518) 
Other undisclosed stockholders' equity attributable to parent (252)(252)(252)(84,807)
Total stockholders' equity:(7,565)(321)2,9449,55011,218
TOTAL LIABILITIES AND EQUITY:57810,5996,85014,77113,814

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
586004,64810,1879,780
Cost of revenue
(Cost of Goods and Services Sold)
    (9,044)
Other undisclosed gross profit(1,585)(2,834)(6,980)(11,978) 
Gross profit:(1,527)(2,233)(2,332)(1,791)735
Operating expenses(3,282)(3,961)(9,124)(7,364)(9,287)
Other undisclosed operating income (loss)(1,217)40259924 
Operating loss:(6,025)(5,792)(11,396)(8,231)(8,552)
Nonoperating income (expense)
(Debt Instrument, Convertible, Beneficial Conversion Feature)
(480) 01,512 
Interest and debt expense(19)(119)(80)(1,977)(18)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(4,034)(1,478)(7,262)(3,267)16
Loss from continuing operations before income taxes:(10,558)(7,390)(18,738)(11,963)(8,553)
Income tax benefit2,4963,0044,690 3,520
Net loss:(8,061)(4,386)(14,048)(11,963)(5,033)
Other undisclosed net loss attributable to parent(2,496)(3,004)(4,690)  
Net loss attributable to parent:(10,558)(7,390)(18,738)(11,963)(5,033)
Other undisclosed net loss available to common stockholders, basic    (3,520)
Net loss available to common stockholders, diluted:(10,558)(7,390)(18,738)(11,963)(8,553)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(8,061)(4,386)(14,048)(11,963)(5,033)
Other comprehensive loss  (18,738)(11,963)(8,553)
Comprehensive loss:(8,061)(4,386)(32,787)(23,926)(13,587)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2,496)(3,004)14,04811,963 
Comprehensive loss, net of tax, attributable to parent:(10,558)(7,390)(18,738)(11,963)(13,587)

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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