Data Storage Corporation (DTST) financial statements (2023 and earlier)

Company profile

Business Address 48 SOUTH SERVICE ROAD
MELVILLE, NY 11747
State of Incorp. NV
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments12,136894327229105256
Cash and cash equivalents12,136894327229105256
Receivables2,384555691531406808
Other undisclosed current assets53623981168120231
Total current assets:15,0571,6881,0999286321,295
Noncurrent Assets
Operating lease, right-of-use asset422242324
Property, plant and equipment1,937     
Intangible assets, net (including goodwill)8,8153,4723,6663,5684,0604,315
Goodwill6,5613,0163,0163,0163,0163,986
Intangible assets, net (excluding goodwill)2,2554566505521,044329
Other noncurrent assets1034965657555
Other undisclosed noncurrent assets   2943 
Total noncurrent assets:11,2783,7634,0553,9284,1384,369
Other undisclosed assets 2,3022,1891,2881,624179
TOTAL ASSETS:26,3357,7527,3436,1446,3945,843
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3439809079891,0871,219
Accounts payable     375
Interest and dividends payable 1,116971847734619
Other undisclosed accounts payable and accrued liabilities1,343(136)(64)142354225
Deferred revenue367462433
Debt1,0561,6921,360350(308)146
Deferred revenue and credits567919
Other undisclosed current liabilities2051,2209711,7922,2381,502
Total current liabilities:2,9724,3543,6703,1303,5833,787
Noncurrent Liabilities
Long-term debt and lease obligation3845021,9441,2191,131134
Long-term debt, excluding current maturities 107    
Finance lease, liability1572481,713
Capital lease obligations1,2191,131134
Operating lease, liability226148231
Liabilities, other than long-term debt   19101192
Deferred revenue and credits12
Deferred rent credit   19
Due to related parties    100190
Other undisclosed noncurrent liabilities138827   0
Total noncurrent liabilities:7481,4771,9441,2381,232326
Total liabilities:3,7205,8315,6154,3684,8154,112
Stockholders' equity
Stockholders' equity attributable to parent, including:22,7172,0161,7961,8041,5831,730
Preferred stock 11   
Common stock7129128128128128
Additional paid in capital38,24117,62017,45617,41017,37817,194
Accumulated deficit(15,531)(15,735)(15,790)(15,736)(15,924)(15,593)
Other undisclosed stockholders' equity attributable to parent   111
Stockholders' equity attributable to noncontrolling interest(103)(95)(68)(28)(4) 
Total stockholders' equity:22,6151,9211,7281,7761,5791,730
TOTAL LIABILITIES AND EQUITY:26,3357,7527,3436,1446,3945,843

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues14,8769,3218,4848,8878,2574,385
Revenue, net8,2574,385
Cost of revenue(8,459)(5,425)(4,746)(5,428)(4,910)(3,104)
Gross profit:6,4173,8963,7383,4593,3471,281
Operating expenses(7,184)(3,897)(3,531)(3,124)(3,431)(1,881)
Operating income (loss):(767)(1)207335(85)(601)
Nonoperating income (expense)627174(177)(99)(104)(293)
Interest and debt expense(127)350(177)(99)(107)(228)
Income (loss) from continuing operations before equity method investments, income taxes:(266)523(148)138(295)(1,122)
Other undisclosed income (loss) from continuing operations before income taxes127(350)17799107228
Income (loss) from continuing operations before income taxes:(140)17329237(188)(893)
Income tax benefit400     
Net income (loss):26017329237(188)(893)
Net income attributable to noncontrolling interest82741234 
Net income (loss) attributable to parent:26820070260(184)(893)
Preferred stock dividends and other adjustments(64)(145)(124)(113)(115)(106)
Net income (loss) available to common stockholders, basic:20455(54)147(299)(999)
Dilutive securities, effect on basic earnings per share  8,5592,098  
Net income (loss) available to common stockholders, diluted:204558,5052,245(299)(999)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):26017329237(188)(893)
Comprehensive income (loss):26017329237(188)(893)
Comprehensive income, net of tax, attributable to noncontrolling interest82741234 
Comprehensive income (loss), net of tax, attributable to parent:26820070260(184)(893)

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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