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 investments1,2142,053
Cash and cash equivalents1,2142,053
Receivables1,9211,877
Inventory, net of allowances, customer advances and progress billings1,106924
Inventory1,106924
Other undisclosed current assets997612
Total current assets:5,2395,465
Noncurrent Assets
Operating lease, right-of-use asset810
Property, plant and equipment975999
Intangible assets, net (including goodwill)21,61022,424
Goodwill9,7379,737
Intangible assets, net (excluding goodwill)11,87312,688
Total noncurrent assets:23,39523,423
TOTAL ASSETS:28,63328,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9336,479
Accounts payable6,9335,519
Accrued liabilities 396
Employee-related liabilities 175
Taxes payable 389
Deferred revenue176
Debt745 
Due to related parties23141
Contract with customer, liability35
Other undisclosed current liabilities4,1592,224
Total current liabilities:12,0358,879
Noncurrent Liabilities
Long-term debt and lease obligation2,68057
Long-term debt, excluding current maturities2,14657
Operating lease, liability535
Liabilities, other than long-term debt03,465
Deferred tax liabilities, net0
Deferred income tax liabilities0
Due to related parties 3,464
Other undisclosed noncurrent liabilities2,862549
Total noncurrent liabilities:5,5434,070
Total liabilities:17,57812,949
Stockholders' equity
Stockholders' equity attributable to parent10,13614,988
Common stock66
Additional paid in capital21,44820,548
Accumulated deficit(11,319)(5,566)
Stockholders' equity attributable to noncontrolling interest920952
Total stockholders' equity:11,05515,940
TOTAL LIABILITIES AND EQUITY:28,63328,889

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

9/30/2019
TTM
12/31/2018
Revenues18,98316,502
Cost of revenue(12,749)(11,426)
Gross profit:6,2345,077
Operating expenses(13,180)(9,718)
Operating loss:(6,946)(4,642)
Nonoperating expense(134)(398)
Investment income, nonoperating835103
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 taxes1,110501
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 interest3214
Other undisclosed net income attributable to parent14 
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 interest3214
Other undisclosed comprehensive income, net of tax, attributable to parent14 
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.

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