Franklin Wireless Corp (FKWL) financial statements (2021 and earlier)

Company profile

Business Address 9707 WAPLES STREET, SUITE 150
SAN DIEGO, CA 92121
State of Incorp. NV
Fiscal Year End June 30
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments71286121413
Cash and cash equivalents71286121413
Receivables1616481112
Inventory, net of allowances, customer advances and progress billings13121232
Inventory13121232
Prepaid expense   000
Deposits current assets000000
Other undisclosed current assets555000
Total current assets:1066117222928
Noncurrent Assets
Operating lease, right-of-use asset11
Property, plant and equipment000000
Intangible assets, net (including goodwill)211111
Goodwill000000
Intangible assets, net (excluding goodwill)111111
Deferred costs 00000
Deferred income tax assets1 
Other noncurrent assets000000
Other undisclosed noncurrent assets 12212
Total noncurrent assets:444334
TOTAL ASSETS:1106521253232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6443681314
Accounts payable6442681313
Accrued liabilities000000
Customer advances and deposits 00
Other undisclosed current liabilities3000  
Total current liabilities:6743681314
Noncurrent Liabilities
Long-term debt and lease obligation11    
Long-term debt, excluding current maturities 0    
Operating lease, liability11
Other undisclosed noncurrent liabilities(1)(1)    
Total noncurrent liabilities:11    
Total liabilities:6844681314
Stockholders' equity
Stockholders' equity attributable to parent412015161817
Common stock000000
Treasury stock, value(4)(5)(5)(5)(5)(5)
Additional paid in capital1377777
Accumulated other comprehensive loss(0)(1)(1)(1)(1)(1)
Retained earnings321812141615
Stockholders' equity attributable to noncontrolling interest110111
Total stockholders' equity:422115171918
TOTAL LIABILITIES AND EQUITY:1106521253232

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

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues2047536304960
Revenue, net 4960
Cost of revenue(167)(61)(31)(25)(39)(50)
Cost of goods and services sold  (0)(0)(39)(50)
Gross profit:371565910
Operating expenses(9)(7)(8)(8)(8)(8)
Operating income (loss):277(2)(3)12
Nonoperating income000000
Other nonoperating income (expense)(0)00(0)(0) 
Interest and debt expense0     
Income (loss) from continuing operations before equity method investments, income taxes:287(2)(2)12
Other undisclosed loss from continuing operations before income taxes(0)     
Income (loss) from continuing operations before income taxes:287(2)(2)12
Income tax expense (benefit)(6)(1)00(0)(0)
Net income (loss):226(1)(2)12
Net income (loss) attributable to noncontrolling interest(0) 000(1)
Other undisclosed net income (loss) attributable to parent(0)(0)0   
Net income (loss) available to common stockholders, diluted:216(1)(2)12

Comprehensive Income ($ in millions)

12/31/2020
TTM
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):226(1)(2)12
Other undisclosed comprehensive income (loss)0(0)(0)00(1)
Comprehensive income (loss):226(2)(2)12
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)000(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (0)(0)1
Comprehensive income (loss), net of tax, attributable to parent:226(1)(2)12

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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