CFN Enterprises Inc. (CNFN) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
600 E. 8TH STREET WHITEFISH, MT 59937 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2022 | 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 | 12 | 217 | 160 | 108 | 27 | 167 | 1,680 | ||
| Cash and cash equivalents | 12 | 170 | 160 | 108 | 27 | 167 | 1,680 | ||
| Short-term investments | 47 | ||||||||
| Restricted cash and investments | 20 | 20 | 20 | 50 | 50 | 50 | |||
| Receivables | 28 | 142 | 9 | 73 | 2,082 | 2,693 | 2,230 | ||
| Inventory, net of allowances, customer advances and progress billings | 158 | 39 | |||||||
| Inventory | 158 | 39 | |||||||
| Other undisclosed current assets | 115 | 15 | 4 | 255 | 548 | 398 | |||
| Total current assets: | 61 | 652 | 243 | 185 | 2,414 | 3,458 | 4,358 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 664 | ✕ | ✕ | ✕ | |||||
| Property, plant and equipment | 54 | 5,136 | 8 | 3 | 52 | 69 | 2,933 | ||
| Intangible assets, net (including goodwill) | (4,725) | 3,926 | |||||||
| Intangible assets, net (excluding goodwill) | (4,725) | 3,926 | |||||||
| Other noncurrent assets | 108 | 123 | 103 | ||||||
| Other undisclosed noncurrent assets | 817 | 242 | 200 | 4,725 | |||||
| Total noncurrent assets: | 871 | 6,042 | 208 | 3 | 160 | 4,118 | 3,036 | ||
| TOTAL ASSETS: | 931 | 6,693 | 450 | 188 | 2,574 | 7,576 | 7,394 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 4,701 | 1,997 | 947 | 262 | 3,018 | 2,479 | 2,639 | ||
| Accounts payable | 2,358 | ||||||||
| Accrued liabilities | 2,344 | 1,675 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 322 | 947 | 262 | 3,018 | 2,479 | 2,639 | |||
| Deferred revenue | 11 | 26 | 16 | ✕ | ✕ | ✕ | |||
| Debt | 3,088 | 2,220 | 188 | 3,399 | 4,280 | 2,546 | |||
| Disposal group, including discontinued operation | 80 | 80 | 80 | 100 | |||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 300 | 53 | ||
| Due to related parties | 495 | ||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 444 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 983 | 2,504 | |||||||
| Total current liabilities: | 8,864 | 7,296 | 1,241 | 377 | 6,861 | 7,059 | 5,238 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 978 | 475 | 715 | 484 | 8,162 | 4,671 | 4,588 | ||
| Long-term debt, excluding current maturities | 978 | 715 | 484 | 8,162 | 4,671 | 4,588 | |||
| Liabilities, other than long-term debt | 201 | 1,024 | 1,063 | 1,488 | |||||
| Due to related parties | 387 | ||||||||
| Other liabilities | 638 | 1,063 | 1,488 | ||||||
| Operating lease, liability | 201 | 475 | ✕ | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 842 | ||||||||
| Total noncurrent liabilities: | 1,179 | 1,793 | 715 | 484 | 9,186 | 5,733 | 6,076 | ||
| Total liabilities: | 10,043 | 9,089 | 1,956 | 861 | 16,047 | 12,792 | 11,314 | ||
| Equity | |||||||||
| Equity, attributable to parent, including: | (9,172) | (2,396) | (1,505) | (674) | (13,473) | (5,217) | (3,920) | ||
| Common stock | 38 | 32 | 105 | 100 | 66 | 66 | 63 | ||
| Additional paid in capital | 49,786 | 46,399 | 34,282 | 34,031 | 29,498 | 26,302 | 25,212 | ||
| Accumulated other comprehensive income (loss) | 84 | (83) | (77) | (42) | (77) | ||||
| Accumulated deficit | (58,996) | (48,834) | (36,384) | (34,721) | (42,960) | (31,543) | (29,118) | ||
| Other undisclosed equity, attributable to parent | 7 | 409 | 0 | ||||||
| Other undisclosed equity | 0 | ||||||||
| Total equity: | (9,172) | (2,396) | (1,505) | (674) | (13,473) | (5,217) | (3,920) | ||
| TOTAL LIABILITIES AND EQUITY: | 871 | 6,693 | 450 | 188 | 2,574 | 7,576 | 7,394 | ||
Income Statement (P&L) ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,317 | 3,158 | 506 | 865 | 21,730 | 24,105 | 23,753 | |
| Cost of revenue | (6,512) | (3,540) | (537) | (865) | (9,076) | (9,067) | (8,230) | |
| Gross profit: | (2,195) | (382) | (30) | 0 | 12,654 | 15,038 | 15,523 | |
| Operating expenses | (6,158) | (12,047) | (1,199) | (6,012) | (21,491) | (16,142) | (18,175) | |
| Other undisclosed operating loss | (100) | |||||||
| Operating loss: | (8,452) | (12,429) | (1,230) | (6,012) | (8,837) | (1,105) | (2,652) | |
| Nonoperating income (expense) | (1,470) | 225 | (113) | (14) | (2,580) | (1,320) | (1,200) | |
| Interest and debt expense | (694) | (173) | (71) | (14) | (943) | (249) | (1,221) | |
| Loss from continuing operations before equity method investments, income taxes: | (10,617) | (12,377) | (1,414) | (6,040) | (12,361) | (2,674) | (5,072) | |
| Other undisclosed income from continuing operations before income taxes | 173 | 71 | 14 | |||||
| Loss from continuing operations: | (10,617) | (12,204) | (1,343) | (6,026) | (12,361) | (2,674) | (5,072) | |
| Loss before gain (loss) on sale of properties: | ✕ | (12,204) | (1,423) | (6,105) | (12,361) | (2,674) | (5,072) | |
| Loss from discontinued operations | (80) | (80) | ||||||
| Other undisclosed net income | 694 | 1,221 | ||||||
| Net loss: | (9,922) | (12,204) | (1,423) | (6,105) | (12,361) | (2,674) | (3,852) | |
| Net income attributable to noncontrolling interest | 20 | |||||||
| Other undisclosed net income (loss) attributable to parent | (27) | (246) | 14,471 | 943 | 249 | |||
| Net income (loss) attributable to parent: | (9,929) | (12,450) | (1,423) | 8,366 | (11,417) | (2,424) | (3,852) | |
| Preferred stock dividends and other adjustments | (240) | (240) | (240) | (127) | ||||
| Other undisclosed net income available to common stockholders, basic | 247 | 240 | ||||||
| Net income (loss) available to common stockholders, diluted: | (9,922) | (12,450) | (1,663) | 8,239 | (11,417) | (2,424) | (3,852) | |
Comprehensive Income ($ in thousands)
| 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (9,922) | (12,204) | (1,423) | (6,105) | (12,361) | (2,674) | (3,852) | |
| Other comprehensive loss | (56) | |||||||
| Comprehensive loss: | (9,922) | (12,204) | (1,423) | (6,105) | (12,361) | (2,674) | (3,907) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 20 | |||||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (246) | (0) | 14,465 | 908 | 285 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (9,902) | (12,450) | (1,424) | 8,359 | (11,453) | (2,389) | (3,907) | |
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.