Erf Wireless Inc (ERFB) financial statements (2023 and earlier)

Company profile

Business Address 2911 SOUTH SHORE BLVD
LEAGUE CITY, TX 77573
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments42118
Cash and cash equivalents42118
Receivables1,001828
Inventory, net of allowances, customer advances and progress billings264377
Inventory264377
Prepaid expense and other current assets37
Other current assets37
Other undisclosed current assets738565
Total current assets:2,0821,925
Noncurrent Assets
Property, plant and equipment2,7774,133
Intangible assets, net (including goodwill)176176
Goodwill176176
Other undisclosed noncurrent assets3737
Total noncurrent assets:2,9904,346
TOTAL ASSETS:5,0726,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4572,346
Accounts payable1,2991,226
Accrued liabilities1,1581,120
Debt3,4352,589
Derivative instruments and hedges, liabilities677492
Deferred revenue and credits1320
Other undisclosed current liabilities (1,062)
Total current liabilities:6,5824,385
Noncurrent Liabilities
Long-term debt and lease obligation, including:174214
Long-term debt, excluding current maturities1,0241,419
Capital lease obligations174214
Other undisclosed long-term debt and lease obligation(1,024)(1,419)
Other undisclosed noncurrent liabilities5,3054,587
Total noncurrent liabilities:5,4794,801
Total liabilities:12,0619,186
Stockholders' equity
Stockholders' equity attributable to parent(7,121)(3,043)
Preferred stock108
Common stock 6
Additional paid in capital56,17752,987
Accumulated other comprehensive loss(32)(32)
Accumulated deficit(63,276)(56,012)
Stockholders' equity attributable to noncontrolling interest132128
Total stockholders' equity:(6,989)(2,915)
TOTAL LIABILITIES AND EQUITY:5,0726,271

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

12/31/2013
12/31/2012
Revenues7,2237,328
Revenue, net7,1567,328
Cost of revenue
(Cost of Goods and Services Sold)
(1,571)(1,846)
Other undisclosed gross profit(2,655)(2,129)
Gross profit:2,9973,353
Operating expenses(7,515)(6,957)
Operating loss:(4,518)(3,604)
Nonoperating expense
(Other Nonoperating expense)
(2,742)(1,189)
Interest and debt expense(3,524)(1,237)
Loss from continuing operations before income taxes:(10,784)(6,030)
Income tax expense (1,630)
Loss before gain (loss) on sale of properties:(10,784)(7,660)
Other undisclosed net income3,5242,867
Net loss:(7,260)(4,793)
Net loss attributable to noncontrolling interest(4)(21)
Net loss available to common stockholders, basic:(7,264)(4,814)
Other undisclosed net income available to common stockholders, diluted 21
Net loss available to common stockholders, diluted:(7,264)(4,793)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(7,260)(4,793)
Comprehensive loss:(7,260)(4,793)
Comprehensive income, net of tax, attributable to noncontrolling interest421
Other undisclosed comprehensive loss, net of tax, attributable to parent(8)(49)
Comprehensive loss, net of tax, attributable to parent:(7,264)(4,821)

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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