Escalon Medical Corp (ESMC) financial statements (2022 and earlier)

Company profile

Business Address 435 DEVON PARK ROAD
WAYNE, PA 19087
State of Incorp. PA
Fiscal Year End June 30
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0661,651826410874544538
Cash and cash equivalents1,0661,651826410874544538
Restricted cash and investments256256255253250  
Receivables1,3351,0821,3131,4961,3871,4841,615
Inventory, net of allowances, customer advances and progress billings1,4461,4171,7851,8791,8231,9182,283
Inventory1,4461,4171,7851,8791,8231,9182,283
Other current assets209187154275250210281
Total current assets:4,3114,5934,3334,3134,5844,1554,717
Noncurrent Assets
Operating lease, right-of-use asset7058441,107
Property, plant and equipment66819768765581
Intangible assets, net (including goodwill)93102122747605605732
Goodwill      125
Intangible assets, net (excluding goodwill)93102122747605605607
Deposits noncurrent assets636363    
Other undisclosed noncurrent assets    161169 
Total noncurrent assets:9261,0901,389815843829813
TOTAL ASSETS:5,2385,6835,7235,1275,4274,9845,530
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9401,7981,4421,5371,4032,0132,319
Accounts payable1,0491,1027616675291,0471,092
Accrued liabilities7796966816578749661,227
Employee-related liabilities   102   
Interest and dividends payable112  112   
Deferred revenue 364516
Debt249708426205168250 
Due to related parties 112112    
Disposal group, including discontinued operation 1369091939189
Deferred revenue and credits481  
Other liabilities131      
Other undisclosed current liabilities520279279427102647377
Total current liabilities:2,8413,3972,8652,2602,2473,0012,784
Noncurrent Liabilities
Long-term debt and lease obligation5216389081518  
Long-term debt, excluding current maturities68121518  
Operating lease, liability515630897
Liabilities, other than long-term debt, including: 419690749 836
Liability, pension and other postretirement and postemployment benefits   690749 836
Other liabilities 41     
Other undisclosed liabilities, other than long-term debt  9    
Other undisclosed noncurrent liabilities(364)147429  799 
Total noncurrent liabilities:6738261,346705768799836
Total liabilities:3,5144,2234,2112,9653,0153,8013,620
Stockholders' equity
Stockholders' equity attributable to parent1,7241,4601,5122,1622,4121,1841,910
Preferred stock645645645645645  
Common stock7777788
Additional paid in capital69,70269,70269,70269,70269,70269,70269,702
Accumulated deficit(68,630)(68,895)(68,842)(68,192)(67,942)(68,526)(67,799)
Total stockholders' equity:1,7241,4601,5122,1622,4121,1841,910
TOTAL LIABILITIES AND EQUITY:5,2385,6835,7235,1275,4274,9845,530

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues10,53610,4729,4009,62711,40211,23511,576
Revenue, net11,40211,23511,576
Cost of revenue(6,078)(6,044)(12)(5,003)(6,300)(6,080)(6,198)
Cost of goods and services sold(6,078)(6,044) (4,997)(6,300)(6,080)(6,198)
Provision for loan, lease, and other losses  (12) 
Gross profit:4,4574,4279,3884,6245,1035,1555,379
Operating expenses(4,637)(4,461) (4,877)(4,898)(5,782)(6,519)
Other undisclosed operating loss  (10,788)    
Operating income (loss):(179)(34)(1,400)(253)205(627)(1,140)
Nonoperating income (expense)490(18)7493379(100)(11)
Investment income, nonoperating0149500
Other nonoperating income506375911500  
Interest and debt expense(20)(22)(14)(17)(126)(100)(11)
Income (loss) from continuing operations before income taxes:290(74)(664)(267)458(827)(1,163)
Income tax expense (benefit) 6610(57)4,498(148) 
Other undisclosed income from continuing operations66      
Income (loss) before gain (loss) on sale of properties:356(8)(653)(324)4,956(975)(1,163)
Other undisclosed net income      11
Net income (loss):356(8)(653)(324)4,956(975)(1,152)
Other undisclosed net income (loss) attributable to parent(46)(44)374(4,372)248 
Net income (loss) attributable to parent:310(52)(650)(250)584(727)(1,152)
Preferred stock dividends and other adjustments(51)(51)(52)(52)(19)  
Net income (loss) available to common stockholders, basic:259(103)(702)(302)564(727)(1,152)
Convertible preferred dividends13      
Other undisclosed net income available to common stockholders, diluted  5252   
Net income (loss) available to common stockholders, diluted:272(103)(650)(250)564(727)(1,152)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):356(8)(653)(324)4,956(975)(1,152)
Comprehensive income (loss), net of tax, attributable to parent:356(8)(653)(324)4,956(975)(1,152)

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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