Boxlight Corporation (BOXL) financial statements (2021 and earlier)

Company profile

Business Address 1045 PROGRESS CIRCLE
LAWRENCEVILLE, GA 30043
State of Incorp. NV
Fiscal Year End December 31
SIC 82 - Educational Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments131120
Cash and cash equivalents131120
Receivables214433
Inventory, net of allowances, customer advances and progress billings213454
Inventory213454
Prepaid expense  100
Other undisclosed current assets62   
Total current assets:611010108
Noncurrent Assets
Property, plant and equipment10000
Intangible assets, net (including goodwill)7810111011
Goodwill235544
Intangible assets, net (excluding goodwill)556667
Other noncurrent assets00000
Other undisclosed noncurrent assets(0) (0)  
Total noncurrent assets:7911111011
TOTAL ASSETS:14020212019
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:145234
Accrued liabilities001  
Other undisclosed accounts payable and accrued liabilities145134
Deferred revenue62
Debt  3 3
Derivative instruments and hedges, liabilities0002 
Due to related parties25644
Deferred revenue and credits10
Contract with customer, liability1
Other liabilities100 0
Other undisclosed current liabilities1750(9)1
Total current liabilities:401713113
Noncurrent Liabilities
Long-term debt and lease obligation 0   
Long-term debt, excluding current maturities 0   
Liabilities, other than long-term debt103004
Deferred revenue and credits00
Deferred revenue103
Contract with customer, liability0
Due to related parties 00 4
Other undisclosed noncurrent liabilities161010 
Total noncurrent liabilities:2641104
Total liabilities:6721131117
Temporary equity, carrying amount29    
Stockholders' equity
Stockholders' equity attributable to parent, including:44(1)892
Preferred stock 0000
Common stock00000
Additional paid in capital873127218
Accumulated other comprehensive income (loss)5(0)(0)(0)(0)
Accumulated deficit(47)(31)(19)(12)(5)
Stockholders' equity note, subscriptions receivable (0)(0)(0) 
Other undisclosed stockholders' equity attributable to parent    (0)
Other undisclosed stockholders' equity0    
Total stockholders' equity:44(1)892
TOTAL LIABILITIES AND EQUITY:14020212019

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues5533382620
Cost of revenue(45)(24)(29)(19)(13)
Cost of goods and services sold(45)(24)(29)(0)(0)
Gross profit:109967
Operating expenses(23)(17)(16)(14)(9)
Operating loss:(13)(8)(7)(7)(1)
Nonoperating income (expense)(4)(1)(0)1(1)
Other nonoperating income (expense)0001(1)
Interest and debt expense(1)000(1)
Loss from continuing operations before equity method investments, income taxes:(18)(9)(7)(6)(3)
Other undisclosed income from continuing operations before income taxes1    
Loss from continuing operations before income taxes:(17)(9)(7)(6)(3)
Income tax benefit1    
Loss before gain (loss) on sale of properties:(16)(9)(7)(6)(3)
Other undisclosed net income (loss)(0)(0)(0)(0)1
Net loss attributable to parent:(16)(9)(7)(7)(2)
Preferred stock dividends and other adjustments(0)    
Net loss available to common stockholders, diluted:(16)(9)(7)(7)(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(16)(9)(7)(7)(2)
Comprehensive loss:(16)(9)(7)(7)(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent50(0)(0)(0)
Comprehensive loss, net of tax, attributable to parent:(11)(9)(7)(7)(2)

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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