Merion, Inc. (EWLU) financial statements (2023 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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 109296529
Cash and cash equivalents 109296529
Receivables 75401517825
Inventory, net of allowances, customer advances and progress billings 81166508182181
Inventory 81166508182181
Prepaid expense 1902370292382
Total current assets: 356238416166184297
Noncurrent Assets
Finance lease, right-of-use asset  523
Operating lease, right-of-use asset 612 
Property, plant and equipment 4013363914173106
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)     
Other noncurrent assets     1010
Other undisclosed noncurrent assets 197(26) 1217 
Total noncurrent assets: 1,0288743914183116
TOTAL ASSETS: 1,3841,112807207267413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1131,2081,1742972611,025
Employee-related liabilities  0680680682 
Other undisclosed accounts payable and accrued liabilities 1131,208494(383)(422)1,025
Deferred revenue 5037
Debt 237114622121211
Due to related parties 561,480109109893,211
Deferred revenue and credits1,6101,5891,486
Other undisclosed current liabilities 24885,3054,84412,0498,133
Total current liabilities: 9123,2977,2106,87214,00013,867
Noncurrent Liabilities
Long-term debt and lease obligation 412418   50
Long-term debt, excluding current maturities      50
Operating lease, liability 412418
Liabilities, other than long-term debt  2,000 472472 
Due to related parties  2,000 472472 
Other undisclosed noncurrent liabilities 229714 1326(11)
Total noncurrent liabilities: 6413,131 48549839
Total liabilities: 1,5536,4287,2107,35714,49813,906
Stockholders' equity
Stockholders' equity attributable to parent, including: (169)(5,316)(6,403)(7,150)(14,230)(13,493)
Common stock 185177175169143143
Common stock, share subscribed but unissued, subscriptions receivable (1,736)(1,141)(1,200)   
Common stock, value, subscriptions (1,736)     
Additional paid in capital 26,31719,18417,57411,8713,6583,658
Accumulated deficit (24,754)(22,936)(22,213)(19,067)(18,031)(17,294)
Stockholders' equity note, subscriptions receivable  1,141(1,200)(123) 
Other undisclosed stockholders' equity attributable to parent 1,556(1,742)462   
Total stockholders' equity: (169)(5,316)(6,403)(7,150)(14,230)(13,493)
TOTAL LIABILITIES AND EQUITY: 1,3841,112807207267413

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 4391,808379760911379
Other operating income   34(321)(59)(178)
Cost of revenue (454)(288)(358)(157)(275)(345)
Cost of goods and services sold (85)(119) (157)(275)(345)
Gross profit: (15)1,5202160363635
Operating expenses (1,798)(2,433)(3,201)(1,317)(1,313)(3,227)
Operating loss: (1,814)(913)(3,180)(714)(677)(3,192)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (4)192    
Interest and debt expense (4)(244)(7)(6)(1)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes 4     
Loss from continuing operations before equity method investments, income taxes: (1,818)(966)(3,187)(721)(678)(3,197)
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)
Income tax expense (1)(1)(1) (1)(1)
Loss from continuing operations: (1,818)(722)(3,188)(721)(679)(3,198)
Loss from discontinued operations      (123)
Net loss: (1,818)(722)(3,188)(721)(679)(3,321)
Other undisclosed net income (loss) attributable to parent   41(315)(58)(173)
Net loss available to common stockholders, diluted: (1,818)(722)(3,147)(1,036)(737)(3,495)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (1,818)(722)(3,188)(721)(679)(3,321)
Comprehensive loss: (1,818)(722)(3,188)(721)(679)(3,321)
Other undisclosed comprehensive loss, net of tax, attributable to parent     (58)(1,188)
Comprehensive loss, net of tax, attributable to parent: (1,818)(722)(3,188)(721)(737)(4,509)

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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