Co-Diagnostics, Inc. (CODX) financial statements (2020 and earlier)

Company profile

Business Address 4049 SOUTH HIGHLAND DRIVE
SALT LAKE CITY, UT 84124
State of Incorp. NY
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,5449503,534
Cash and cash equivalents2,5449503,534
Receivables6013 
Inventory, net of allowances, customer advances and progress billings17189
Inventory17189
Prepaid expense46370908
Total current assets:3,0841,0524,452
Noncurrent Assets
Property, plant and equipment180156166
Other undisclosed noncurrent assets54834545
Total noncurrent assets:727501210
TOTAL ASSETS:3,8121,5534,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities183323137
Accounts payable2214941
Accrued liabilities16217497
Debt 1,909 
Due to related parties120120480
Deferred revenue and credits11
Other undisclosed current liabilities4  
Total current liabilities:3082,352628
Noncurrent Liabilities
Long-term debt and lease obligation, including:  278
Other undisclosed long-term debt and lease obligation  278
Liabilities, other than long-term debt170260184
Deferred revenue and credits184
Due to related parties170260 
Other undisclosed noncurrent liabilities  (278)
Total noncurrent liabilities:170260184
Total liabilities:4782,612812
Stockholders' equity
Stockholders' equity attributable to parent3,334(1,059)3,851
Preferred stock0  
Common stock171312
Additional paid in capital26,47117,62216,261
Accumulated deficit(23,155)(18,694)(12,422)
Other undisclosed stockholders' equity attributable to parent(0)  
Total stockholders' equity:3,334(1,059)3,851
TOTAL LIABILITIES AND EQUITY:3,8121,5534,662

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

9/30/2019
TTM
12/31/2018
12/31/2017
Revenues117408
Revenue, net8
Cost of revenue(60)(9)(0)
Other undisclosed gross profit(9)  
Gross profit:48317
Operating expenses(6,142)(6,148)(4,571)
Operating loss:(6,094)(6,118)(4,564)
Nonoperating income (expense)(315)(154)4
Investment income, nonoperating  4
Other nonoperating expense(315)(154) 
Interest and debt expense(108)(135)(2,383)
Loss from continuing operations before equity method investments, income taxes:(6,517)(6,407)(6,943)
Other undisclosed income (loss) from continuing operations before income taxes108135(16)
Net loss available to common stockholders, diluted:(6,409)(6,272)(6,959)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
Net loss:(6,409)(6,272)(6,959)
Comprehensive loss, net of tax, attributable to parent:(6,409)(6,272)(6,959)

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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