Edison Nation, Inc. (EDNT) financial statements (2021 and earlier)

Company profile

Business Address 1 WEST BROAD STREET
BETHLEHEM, PA 18018
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)

9/30/2020
TTM
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4132,053
Cash and cash equivalents 4132,053
Receivables 2,2561,877
Inventory, net of allowances, customer advances and progress billings 1,369924
Inventory 1,369924
Prepaid expense 69 
Other undisclosed current assets 848612
Total current assets: 4,9555,465
Noncurrent Assets
Operating lease, right-of-use asset 732
Property, plant and equipment 932999
Intangible assets, net (including goodwill) 16,99022,424
Goodwill 5,3929,737
Intangible assets, net (excluding goodwill) 11,59812,688
Total noncurrent assets: 18,65423,423
TOTAL ASSETS: 23,61028,889
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 8,4206,479
Accounts payable 7,3985,519
Accrued liabilities 256396
Employee-related liabilities 483175
Taxes payable 284389
Deferred revenue 160
Debt 2,095 
Due to related parties 17141
Contract with customer, liability35
Other undisclosed current liabilities 2,2812,224
Total current liabilities: 12,9738,879
Noncurrent Liabilities
Long-term debt and lease obligation 52557
Long-term debt, excluding current maturities 4257
Operating lease, liability 482
Liabilities, other than long-term debt 1,5963,465
Deferred tax liabilities, net0
Due to related parties 1,5963,464
Other undisclosed noncurrent liabilities 1,061549
Total noncurrent liabilities: 3,1824,070
Total liabilities: 16,15512,949
Stockholders' equity
Stockholders' equity attributable to parent 7,77214,988
Common stock 86
Additional paid in capital 26,26020,548
Accumulated deficit (18,495)(5,566)
Stockholders' equity attributable to noncontrolling interest (318)952
Total stockholders' equity: 7,45415,940
TOTAL LIABILITIES AND EQUITY: 23,61028,889

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

9/30/2020
TTM
12/31/2019
12/31/2018
Revenues 19,62916,502
Cost of revenue (12,822)(11,426)
Gross profit: 6,8075,077
Operating expenses (19,833)(9,718)
Operating loss: (13,026)(4,642)
Nonoperating expense (1,192)(398)
Investment income, nonoperating 103103
Interest and debt expense (2,243)(501)
Loss from continuing operations before equity method investments, income taxes: (16,461)(5,541)
Other undisclosed income from continuing operations before income taxes 2,243501
Loss from continuing operations before income taxes: (14,219)(5,040)
Income tax expense (benefit) 20(304)
Net loss: (14,199)(5,344)
Net income attributable to noncontrolling interest 1,26914
Net loss available to common stockholders, diluted: (12,930)(5,330)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
Net loss: (14,199)(5,344)
Comprehensive loss: (14,199)(5,344)
Comprehensive income, net of tax, attributable to noncontrolling interest 1,26914
Comprehensive loss, net of tax, attributable to parent: (12,930)(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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: