Drone Aviation Holding Corp (DRNE) financial statements (2021 and earlier)

Company profile

Business Address 5000 QUORUM DRIVE, SUITE 400
DALLAS, TX 75254
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (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
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1121231
Cash and cash equivalents1121231
Receivables1200000
Inventory, net of allowances, customer advances and progress billings5501000
Inventory5501000
Prepaid expense 100000
Other current assets00     
Other undisclosed current assets1      
Total current assets:8932331
Noncurrent Assets
Finance lease, right-of-use asset0 
Operating lease, right-of-use asset32
Property, plant and equipment2100000
Intangible assets, net (including goodwill), including:010811120
Goodwill655600000
Intangible assets, net (excluding goodwill)535111110
Other undisclosed intangible assets, net (including goodwill)(118)      
Other undisclosed noncurrent assets118      
Total noncurrent assets:12311111220
TOTAL ASSETS:13112043452
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13500000
Accounts payable62     
Accrued liabilities21     
Employee-related liabilities41     
Interest and dividends payable20  0  
Other undisclosed accounts payable and accrued liabilities  00000
Deferred revenue10
Debt18621 00
Derivative instruments and hedges, liabilities    2  
Due to related parties00 1100
Other undisclosed current liabilities24   0 
Total current liabilities:341522300
Noncurrent Liabilities
Long-term debt and lease obligation32     
Long-term debt, excluding current maturities1      
Finance lease, liability0 
Operating lease, liability22
Liabilities, other than long-term debt00 3   
Deferred revenue00
Due to related parties   3   
Total noncurrent liabilities:32 3   
Total liabilities:371725300
Stockholders' equity
Stockholders' equity attributable to parent, including:941031(2)142
Common stock0000000
Treasury stock, value(0)(0)     
Additional paid in capital158131402821154
Accumulated other comprehensive loss (0)     
Accumulated deficit(65)(28)(38)(30)(20)(11)(2)
Other undisclosed stockholders' equity attributable to parent    000
Total stockholders' equity:941031(2)142
TOTAL LIABILITIES AND EQUITY:13112043452

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues9531101
Revenue, net   1
Cost of revenue(5)(3)(2)(0)(1)(0)(1)
Cost of goods and services sold(5)(3)(1)  (0) 
Gross profit:5210100
Operating expenses(32)(22) (10)(10)(9)(0)
Other undisclosed operating loss  (9)   (2)
Operating loss:(27)(20)(8)(10)(9)(9)(2)
Nonoperating income (expense)(1)(11)(0)(0)0(0)(0)
Investment income, nonoperating   2100
Other nonoperating expense(1)(0)     
Interest and debt expense(11)(0)(0)(1)0(0)(0)
Loss from continuing operations before equity method investments, income taxes:(40)(32)(9)(11)(9)(9)(2)
Other undisclosed income from continuing operations before income taxes00     
Loss from continuing operations before income taxes:(40)(32)(9)(11)(9)(9)(2)
Income tax expense (benefit)34    (0)
Loss before gain (loss) on sale of properties:(37)(28)(9)(11)(9)(9)(2)
Other undisclosed net income      2
Net loss:(37)(28)(9)(11)(9)(9)(0)
Other undisclosed net income (loss) attributable to parent  01(0)0(2)
Net loss attributable to parent:(37)(28)(8)(10)(9)(9)(2)
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net loss available to common stockholders, diluted:(37)(28)(8)(10)(9)(9)(2)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(37)(28)(9)(11)(9)(9)(0)
Other comprehensive income (loss)(0)0     
Other undisclosed comprehensive income (loss)0(0)     
Comprehensive loss, net of tax, attributable to parent:(37)(28)(9)(11)(9)(9)(0)

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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