Flexpoint Sensor Systems Inc (FLXT) financial statements (2022 and earlier)

Company profile

Business Address 5718 WEST DANNON WAY
WEST JORDAN, UT 84081
State of Incorp. DE
Fiscal Year End December 31
SIC 3829 - Measuring and Controlling Devices, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
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 investments0 1701813 23
Cash and cash equivalents0 1701813 23
Receivables98261647(2)99
Other undisclosed current assets1152712109699
Total current assets:1023223467094220
Noncurrent Assets
Property, plant and equipment 146911 
Intangible assets, net (including goodwill)4,8974,8974,8974,9134,9454,9935,076
Goodwill4,8974,8974,8974,8974,8974,8974,897
Intangible assets, net (excluding goodwill)   164896179
Deposits noncurrent assets14077777
Total noncurrent assets:4,9114,8984,9074,9264,9605,0115,083
TOTAL ASSETS:4,9204,9215,1304,9725,0315,1045,303
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,4302,0791,7951,7241,186914536
Accounts payable226233178354228173160
Accrued liabilities2,2041,8461,6171,370959742375
Debt965759301,1038071,18545
Derivative instruments and hedges, liabilities   28536476 
Due to related parties2392242194202140
Other undisclosed current liabilities 510     
Total current liabilities:3,6342,8882,7273,3072,3772,197621
Noncurrent Liabilities
Long-term debt and lease obligation 60     
Long-term debt, excluding current maturities 60     
Other undisclosed noncurrent liabilities  219    
Total noncurrent liabilities: 60219    
Other undisclosed liabilities    81  
Total liabilities:3,6342,9472,9453,3072,4592,197621
Stockholders' equity
Stockholders' equity attributable to parent, including:1,2861,9742,1851,6662,5722,9084,682
Common stock11410010093937872
Additional paid in capital31,25430,88330,87329,78629,78629,05228,570
Accumulated deficit(30,082)(29,395)(28,788)(28,213)(27,306)(26,223)(23,970)
Other undisclosed stockholders' equity attributable to parent 386    10
Total stockholders' equity:1,2861,9742,1851,6662,5722,9084,682
TOTAL LIABILITIES AND EQUITY:4,9204,9215,1304,9725,0315,1045,303

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues21099833268341314138
Cost of revenue (35)(63)(37)(41)(23)(7)
Provision for loan, lease, and other losses 9  
Gross profit:21064770231299291132
Operating expenses(924)(895)(890)(1,028)(1,146)(1,303)(1,283)
Other undisclosed operating income 3563    
Operating loss:(713)(796)(57)(798)(847)(1,012)(1,152)
Nonoperating income (expense)26189(518)(146)(278)(1,105)(1,437)
Interest and debt expense119444148(317)115(1)(168)
Net loss:(569)(163)(427)(1,260)(1,010)(2,117)(2,757)
Other undisclosed net income (loss) attributable to parent(119)(444)(148)354(74)24175
Net loss available to common stockholders, diluted:(688)(607)(575)(906)(1,084)(2,093)(2,582)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(569)(163)(427)(1,260)(1,010)(2,117)(2,757)
Comprehensive loss, net of tax, attributable to parent:(569)(163)(427)(1,260)(1,010)(2,117)(2,757)

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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