Franklin Wireless Corp (FKWL) financial statements (2020 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)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments96121413128
Cash and cash equivalents96121413128
Receivables748111266
Inventory, net of allowances, customer advances and progress billings3123222
Inventory3123222
Prepaid expense  00011
Deposits current assets0000000
Other undisclosed current assets5500000
Total current assets:25172229282117
Noncurrent Assets
Operating lease, right-of-use asset1
Property, plant and equipment0000000
Intangible assets, net (including goodwill)2111112
Goodwill0000000
Intangible assets, net (excluding goodwill)1111112
Deferred costs 0000 0
Other noncurrent assets0000000
Other undisclosed noncurrent assets2221222
Total noncurrent assets:6433445
TOTAL ASSETS:31212532322522
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1368131486
Accounts payable1368131376
Accrued liabilities0000000
Employee-related liabilities     00
Taxes payable0      
Debt0    00
Customer advances and deposits 0010
Other undisclosed current liabilities 00  (0)0
Total current liabilities:1468131487
Noncurrent Liabilities
Long-term debt and lease obligation1      
Operating lease, liability1
Total noncurrent liabilities:1      
Total liabilities:1568131487
Stockholders' equity
Stockholders' equity attributable to parent16151618171615
Common stock0000000
Treasury stock, value(5)(5)(5)(5)(5)(4)(4)
Additional paid in capital7777777
Accumulated other comprehensive loss(1)(1)(1)(1)(1)(1)(0)
Retained earnings13121416151313
Stockholders' equity attributable to noncontrolling interest1011110
Total stockholders' equity:16151719181616
TOTAL LIABILITIES AND EQUITY:31212532322522

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

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Revenues36363049604731
Revenue, net 49604631
Cost of revenue(29)(31)(25)(39)(50)(39)(27)
Cost of goods and services sold9(0)(0)(39)(50)(39)(27)
Other undisclosed gross profit     10
Gross profit:76591084
Operating expenses(7)(8)(8)(8)(8)(8)(7)
Operating income (loss):(0)(2)(3)121(3)
Nonoperating income0000001
Interest and debt expense      1
Income (loss) from continuing operations before equity method investments, income taxes:(0)(2)(2)121(0)
Other undisclosed loss from continuing operations before income taxes      (1)
Income (loss) from continuing operations before income taxes:(0)(2)(2)121(1)
Income tax expense (benefit)000(0)(0)01
Net income (loss):(0)(1)(2)121(1)
Net income (loss) attributable to noncontrolling interest(0)000(1)(0)(0)
Other undisclosed net income (loss) attributable to parent(0)0     
Net income (loss) available to common stockholders, diluted:(0)(1)(2)121(1)

Comprehensive Income ($ in millions)

12/31/2019
TTM
6/30/2019
6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
Net income (loss):(0)(1)(2)121(1)
Other undisclosed comprehensive income (loss)(0)(0)00(1)(1)(0)
Comprehensive income (loss):(0)(2)(2)120(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)000(1)(0)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (0)(0)110
Comprehensive income (loss), net of tax, attributable to parent:(0)(1)(2)121(1)

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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