Edison Nation, Inc. (EDNT) financial statements (2020 and earlier)
Company profile
| Business Address |
909 NEW BRUNSWICK AVENUE PHILLIPSBURG, NJ 08865 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| SIC | 3944 - Games, Toys, and Children's Vehicles, Except Dolls and Bicycles (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 1,214 | 2,053 | ||
| Cash and cash equivalents | 1,214 | 2,053 | ||
| Receivables | 1,921 | 1,877 | ||
| Inventory, net of allowances, customer advances and progress billings | 1,106 | 924 | ||
| Inventory | 1,106 | 924 | ||
| Other undisclosed current assets | 997 | 612 | ||
| Total current assets: | 5,239 | 5,465 | ||
| Noncurrent Assets | ||||
| Operating lease, right-of-use asset | 810 | ✕ | ||
| Property, plant and equipment | 975 | 999 | ||
| Intangible assets, net (including goodwill) | 21,610 | 22,424 | ||
| Goodwill | 9,737 | 9,737 | ||
| Intangible assets, net (excluding goodwill) | 11,873 | 12,688 | ||
| Total noncurrent assets: | 23,395 | 23,423 | ||
| TOTAL ASSETS: | 28,633 | 28,889 | ||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities | 6,933 | 6,479 | ||
| Accounts payable | 6,933 | 5,519 | ||
| Accrued liabilities | 396 | |||
| Employee-related liabilities | 175 | |||
| Taxes payable | 389 | |||
| Deferred revenue | 176 | ✕ | ||
| Debt | 745 | |||
| Due to related parties | 23 | 141 | ||
| Contract with customer, liability | ✕ | 35 | ||
| Other undisclosed current liabilities | 4,159 | 2,224 | ||
| Total current liabilities: | 12,035 | 8,879 | ||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 2,680 | 57 | ||
| Long-term debt, excluding current maturities | 2,146 | 57 | ||
| Operating lease, liability | 535 | ✕ | ||
| Liabilities, other than long-term debt | 0 | 3,465 | ||
| Deferred tax liabilities, net | ✕ | 0 | ||
| Deferred income tax liabilities | 0 | ✕ | ||
| Due to related parties | 3,464 | |||
| Other undisclosed noncurrent liabilities | 2,862 | 549 | ||
| Total noncurrent liabilities: | 5,543 | 4,070 | ||
| Total liabilities: | 17,578 | 12,949 | ||
| Stockholders' equity | ||||
| Stockholders' equity attributable to parent | 10,136 | 14,988 | ||
| Common stock | 6 | 6 | ||
| Additional paid in capital | 21,448 | 20,548 | ||
| Accumulated deficit | (11,319) | (5,566) | ||
| Stockholders' equity attributable to noncontrolling interest | 920 | 952 | ||
| Total stockholders' equity: | 11,055 | 15,940 | ||
| TOTAL LIABILITIES AND EQUITY: | 28,633 | 28,889 | ||
Income statement (P&L) ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | ||
|---|---|---|---|
| Revenues | 18,983 | 16,502 | |
| Cost of revenue | (12,749) | (11,426) | |
| Gross profit: | 6,234 | 5,077 | |
| Operating expenses | (13,180) | (9,718) | |
| Operating loss: | (6,946) | (4,642) | |
| Nonoperating expense | (134) | (398) | |
| Investment income, nonoperating | 835 | 103 | |
| Interest and debt expense | (1,110) | (501) | |
| Loss from continuing operations before equity method investments, income taxes: | (8,189) | (5,541) | |
| Other undisclosed income from continuing operations before income taxes | 1,110 | 501 | |
| Loss from continuing operations before income taxes: | (7,079) | (5,040) | |
| Income tax expense | (66) | (304) | |
| Net loss: | (7,145) | (5,344) | |
| Net income attributable to noncontrolling interest | 32 | 14 | |
| Other undisclosed net income attributable to parent | 14 | ||
| Net loss available to common stockholders, diluted: | (7,100) | (5,330) | |
Comprehensive Income ($ in thousands)
| 9/30/2019 TTM | 12/31/2018 | ||
|---|---|---|---|
| Net loss: | (7,145) | (5,344) | |
| Comprehensive loss: | (7,145) | (5,344) | |
| Comprehensive income, net of tax, attributable to noncontrolling interest | 32 | 14 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 14 | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,100) | (5,330) | |
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.