Merion, Inc. (EWLU) financial statements (2021 and earlier)

Company profile

Business Address 100 N. BARRANCA ST.
WEST COVINA, CA 91791
State of Incorp. NV
Fiscal Year End December 31
SIC 5122 - Drugs, Drug Proprietaries, and Druggists' Sundries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109296529317
Cash and cash equivalents109296529317
Receivables754015178253
Inventory, net of allowances, customer advances and progress billings81166508182181229
Inventory81166508182181229
Prepaid expense190237029238295
Disposal group, including discontinued operation      5,351
Total current assets:3562384161661842975,995
Noncurrent Assets
Finance lease, right-of-use asset 523
Operating lease, right-of-use asset612 
Property, plant and equipment4013363914173106140
Long-term investments and receivables 41 (12)(17)  
Accounts and financing receivable, after allowance for credit loss 41 (12)(17)  
Intangible assets, net (including goodwill)(181)      
Intangible assets, net (excluding goodwill)(181)      
Disposal group, including discontinued operation, noncurrent assets      22,129
Other noncurrent assets    101016
Other undisclosed noncurrent assets197(26) 1217  
Total noncurrent assets:1,028874391418311622,285
TOTAL ASSETS:1,3841,11280720726741328,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1131,2081,1742972611,025862
Employee-related liabilities 0680680682  
Other undisclosed accounts payable and accrued liabilities1131,208494(383)(422)1,025862
Deferred revenue5037
Debt23711462212121129
Due to related parties561,480109109893,2112,147
Disposal group, including discontinued operation      3,243
Business combination, contingent consideration, liability      482
Deferred revenue and credits1,6101,5891,4861,617
Other undisclosed current liabilities24885,3054,84412,0498,13326,831
Total current liabilities:9123,2977,2106,87214,00013,86735,212
Noncurrent Liabilities
Long-term debt and lease obligation412418   5075
Long-term debt, excluding current maturities     5075
Operating lease, liability412418
Liabilities, other than long-term debt 2,000 472472 612
Due to related parties 2,000 472472  
Disposal group, including discontinued operation, liabilities      612
Other undisclosed noncurrent liabilities229714 1326(11)(29)
Total noncurrent liabilities:6413,131 48549839658
Total liabilities:1,5536,4287,2107,35714,49813,90635,870
Stockholders' equity
Stockholders' equity attributable to parent, including:(169)(5,316)(6,403)(7,150)(14,230)(13,493)(7,590)
Common stock185177175169143143168
Common stock, share subscribed but unissued, subscriptions receivable(1,736)(1,141)(1,200)    
Common stock, value, subscriptions(1,736)      
Additional paid in capital26,31719,18417,57411,8713,6583,6586,676
Accumulated deficit(24,754)(22,936)(22,213)(19,067)(18,031)(17,294)(13,799)
Stockholders' equity note, subscriptions receivable 1,141(1,200)(123) 
Other undisclosed stockholders' equity attributable to parent1,556(1,742)462   (635)
Total stockholders' equity:(169)(5,316)(6,403)(7,150)(14,230)(13,493)(7,590)
TOTAL LIABILITIES AND EQUITY:1,3841,11280720726741328,280

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4391,8083797609113796,834
Revenue, net1124 6,668
Other operating income  34(321)(59)(178) 
Cost of revenue(454)(288)(358)(157)(275)(345)(617)
Cost of goods and services sold(85)(119) (157)(275)(345)(617)
Gross profit:(15)1,52021603636356,216
Operating expenses(1,798)(2,433)(3,201)(1,317)(1,313)(3,227)(7,053)
Operating loss:(1,814)(913)(3,180)(714)(677)(3,192)(836)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(4)192     
Interest and debt expense(4)(244)(7)(6)(1)(5)(689)
Other undisclosed income from continuing operations before equity method investments, income taxes4      
Loss from continuing operations before equity method investments, income taxes:(1,818)(966)(3,187)(721)(678)(3,197)(1,526)
Other undisclosed income from continuing operations before income taxes 244     
Loss from continuing operations before income taxes:(1,818)(722)(3,187)(721)(678)(3,197)(1,526)
Income tax expense(1)(1)(1) (1)(1)(0)
Loss from continuing operations:(1,818)(722)(3,188)(721)(679)(3,198)(1,526)
Income (loss) from discontinued operations     (123)472
Net loss:(1,818)(722)(3,188)(721)(679)(3,321)(1,054)
Other undisclosed net income (loss) attributable to parent  41(315)(58)(173)(19)
Net loss available to common stockholders, diluted:(1,818)(722)(3,147)(1,036)(737)(3,495)(1,073)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(1,818)(722)(3,188)(721)(679)(3,321)(1,054)
Comprehensive loss:(1,818)(722)(3,188)(721)(679)(3,321)(1,054)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (58)(1,188)(653)
Comprehensive loss, net of tax, attributable to parent:(1,818)(722)(3,188)(721)(737)(4,509)(1,707)

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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