Encision Inc (ECIA) financial statements (2022 and earlier)

Company profile

Business Address 6797 WINCHESTER CIRCLE
BOULDER, CO 80301
State of Incorp. CO
Fiscal Year End March 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)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,424 38527311545
Cash and cash equivalents1,424 38527311545
Receivables1,029 8811,0099631,042
Inventory, net of allowances, customer advances and progress billings1,406 1,6261,4731,4371,128
Inventory1,406 1,6261,4731,4371,128
Prepaid expense149 731307562
Other undisclosed current assets  (0)252550
Total current assets:4,008 2,9652,9102,6142,328
Noncurrent Assets
Operating lease, right-of-use asset856 1,317
Property, plant and equipment235 207250349468
Intangible assets, net (including goodwill)189 228249271254
Intangible assets, net (excluding goodwill)189 228249271254
Other undisclosed noncurrent assets31 20201916
Total noncurrent assets:1,311 1,772518638739
TOTAL ASSETS:5,319 4,7373,4283,2523,067
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities907 7601,0011,008918
Accounts payable531 445579466403
Accrued liabilities137 96126285248
Employee-related liabilities239 219296257267
Deferred revenue229  
Debt18 649  275
Deferred revenue and credits3030
Other undisclosed current liabilities128     
Total current liabilities:1,282 1,4081,0011,0381,224
Noncurrent Liabilities
Long-term debt and lease obligation  1,144   
Operating lease, liability  1,144
Liabilities, other than long-term debt   751041
Deferred revenue and credits1041
Deferred rent credit   75
Other undisclosed noncurrent liabilities860     
Total noncurrent liabilities:860 1,144751041
Total liabilities:2,143 2,5531,0761,0491,264
Stockholders' equity
Stockholders' equity attributable to parent, including:3,177 2,1842,3522,2041,803
Accumulated deficit(21,127) (22,048)(21,850)(21,614)(21,950)
Other undisclosed stockholders' equity attributable to parent24,304 24,23224,20223,81823,752
Total stockholders' equity:3,177 2,1842,3522,2041,803
TOTAL LIABILITIES AND EQUITY:5,319 4,7373,4283,2523,067

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Revenues6,066 7,6708,8028,7548,870
Revenue, net8,7548,870
Cost of revenue(3,085) (3,667)(4,131)(3,747)(4,464)
Cost of goods and services sold49 11(29)(3,747)(4,464)
Gross profit:2,981 4,0044,6725,0074,405
Operating expenses(3,173) (4,160)(4,858)(4,611)(5,094)
Operating income (loss):(192) (156)(186)396(688)
Nonoperating income (expense)529 (42)(50)(60)(41)
Other nonoperating income1 11019
Interest and debt expense(4)     
Other undisclosed income from continuing operations before equity method investments, income taxes4     
Income (loss) from continuing operations before income taxes:337 (198)(236)336(729)
Income tax expense  (513)   
Net income (loss):337 (711)(236)336(729)
Other undisclosed net income attributable to parent  513   
Net income (loss) available to common stockholders, diluted:337 (198)(236)336(729)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
3/31/2017
Net income (loss):337 (711)(236)336(729)
Comprehensive income (loss), net of tax, attributable to parent:337 (711)(236)336(729)

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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