Drone Aviation Holding Corp (DRNE) financial statements (2020 and earlier)

Company profile

Business Address 11651 CENTRAL PARKWAY #118
JACKSONVILLE, FL 32224
State of Incorp. NV
Fiscal Year End December 31
SIC 3721 - Aircraft (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
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,6252,2826152,0152,6601,370706
Cash and cash equivalents1,6252,2826152,0152,6601,370706
Receivables1,63118110394833039
Inventory, net of allowances, customer advances and progress billings82730899246011939
Inventory82730899246011939 
Prepaid expense387901031215650 
Other undisclosed current assets      33
Total current assets:4,4702,6981,8202,9902,9171,490778
Noncurrent Assets
Property, plant and equipment12253156119136273
Long-term investments and receivables      324
Long-term investments      324
Intangible assets, net (including goodwill)5868051,0971,3891,56020370
Goodwill100100100100100100 
Intangible assets, net (excluding goodwill)4877069981,2901,46010470
Other undisclosed noncurrent assets123     47
Total noncurrent assets:8318591,2531,5081,696230444
TOTAL ASSETS:5,3013,5573,0744,4984,6141,7201,222
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:48748520529424264181
Interest and dividends payable   47   
Other undisclosed accounts payable and accrued liabilities48748520524724264181
Debt2,0862,0001,000 110110113
Derivative instruments and hedges, liabilities   1,832   
Due to related parties  1,17295562 
Other undisclosed current liabilities23   8 23
Total current liabilities:2,5952,4852,3773,081366177316
Noncurrent Liabilities
Long-term debt and lease obligation38     649
Long-term debt, excluding current maturities      649
Operating lease, liability38
Liabilities, other than long-term debt  3,000    
Due to related parties  3,000    
Total noncurrent liabilities:38 3,000   649
Total liabilities:2,6332,4855,3773,081366177965
Stockholders' equity
Stockholders' equity attributable to parent, including:2,6681,072(2,304)1,4174,2471,544257
Common stock3211141,908
Treasury stock, value(50)      
Additional paid in capital41,66339,54127,69221,08915,3863,69919,923
Accumulated other comprehensive loss      (400)
Accumulated deficit(38,947)(38,472)(29,997)(19,673)(11,139)(2,163)(21,174)
Other undisclosed stockholders' equity attributable to parent   014 
Total stockholders' equity:2,6681,072(2,304)1,4174,2471,544257
TOTAL LIABILITIES AND EQUITY:5,3013,5573,0744,4984,6141,7201,222

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,8482,7235621,4684728581,454
Revenue, net   8581,454
Cost of revenue(3,446)(2,214)(339)(558)(283)(675)(854)
Cost of goods and services sold (565)  (19) (854)
Gross profit:2,402509223911189183600
Operating expenses(2,732) (10,070)(9,732)(9,164)(6)(778)
Other undisclosed operating income (loss)(4,481)(8,639)   (1,899)0
Operating loss:(4,812)(8,131)(9,846)(8,821)(8,974)(1,722)(178)
Nonoperating income (expense)(194)(344)(478)288(2)(401)(63)
Investment income, nonoperating  1,832563007
Interest and debt expense(195)(344)(682)11(2)(2)(69)
Loss from continuing operations before equity method investments, income taxes:(5,201)(8,820)(11,006)(8,523)(8,978)(2,126)(310)
Other undisclosed income from continuing operations before income taxes      69
Loss from continuing operations before income taxes:(5,201)(8,820)(11,006)(8,523)(8,978)(2,126)(241)
Income tax expense     (6) 
Loss before gain (loss) on sale of properties:(5,201)(8,820)(11,006)(8,523)(8,978)(2,131)(241)
Other undisclosed net income29    2,092 
Net loss:(5,173)(8,820)(11,006)(8,523)(8,978)(40)(241)
Other undisclosed net income (loss) attributable to parent166344682(11)2(2,084) 
Net loss attributable to parent:(5,006)(8,475)(10,324)(8,534)(8,976)(2,123)(241)
Other undisclosed net loss available to common stockholders, basic    (80)(193) 
Net loss available to common stockholders, basic:(5,006)(8,475)(10,324)(8,534)(9,056)(2,316)(241)
Dilutive securities, effect on basic earnings per share11,969      
Net income (loss) available to common stockholders, diluted:6,963(8,475)(10,324)(8,534)(9,056)(2,316)(241)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(5,173)(8,820)(11,006)(8,523)(8,978)(40)(241)
Comprehensive loss:(5,173)(8,820)(11,006)(8,523)(8,978)(40)(241)
Comprehensive income, net of tax, attributable to noncontrolling interest      436
Comprehensive income (loss), net of tax, attributable to parent:(5,173)(8,820)(11,006)(8,523)(8,978)(40)196

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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