Fuse Medical, Inc. (FZMD) financial statements (2021 and earlier)

Company profile

Business Address 1565 NORTH CENTRAL EXPRESSWAY
RICHARDSON, TX 75080
State of Incorp. DE
Fiscal Year End December 31
SIC 5047 - Medical, Dental, and Hospital Equipment and Supplies (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1871,0998448056678
Cash and cash equivalents1,1871,0998448056678
Receivables4,4286,1745,2266,57058298
Inventory, net of allowances, customer advances and progress billings6,9817,85611,07610,6272581
Inventory6,9817,85611,07610,6272581
Other undisclosed current assets24403032419
Total current assets:12,62115,16917,17618,034754406
Noncurrent Assets
Property, plant and equipment18334317925
Long-term investments and receivables, including:1,670     
Other undisclosed long-term investments and receivables1,670     
Intangible assets, net (including goodwill)3,1113,1804,193821  
Goodwill1,9731,9732,905821  
Intangible assets, net (excluding goodwill)1,1381,2071,288   
Deposits noncurrent assets    44
Other undisclosed noncurrent assets  761375  
Total noncurrent assets:4,7983,2124,9971,2131329
TOTAL ASSETS:17,41918,38122,17319,247767435
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,8216,0565,4974,41989308
Accounts payable3,2372,7532,7132,58883296
Accrued liabilities2,5853,3032,7841,831612
Debt9131,7531,4773,415150 
Due to related parties1501501501507722
Other undisclosed current liabilities364     
Total current liabilities:7,2487,9587,1257,984317330
Noncurrent Liabilities
Liabilities, other than long-term debt12,13611,64513,58219,245 100
Due to related parties200    100
Business combination, contingent consideration, liability11,93611,64513,58219,245  
Other undisclosed noncurrent liabilities148     
Total noncurrent liabilities:12,28411,64513,58219,245 100
Total liabilities:19,53219,60420,70627,229317430
Stockholders' equity
Stockholders' equity attributable to parent(2,113)(1,222)1,467(7,982)4515
Common stock73173171567215969
Additional paid in capital1,184642 (8,653)3,1932,251
Retained earnings (accumulated deficit)(4,028)(2,596)752 (2,901)(2,315)
Total stockholders' equity:(2,113)(1,222)1,467(7,982)4515
TOTAL LIABILITIES AND EQUITY:17,41918,38122,17319,247767435

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues21,39922,90026,34226,4075681,677
Revenue, net1,055568 
Cost of revenue(8,695)(11,763)(13,353)(14,582)(204)(664)
Gross profit:12,70411,13712,98911,8253641,012
Operating expenses(13,732)(15,487)(14,948)(11,007)(856)(1,804)
Operating income (loss):(1,028)(4,350)(1,958)818(492)(792)
Nonoperating income (expense)(386)1,815(134)(118)(94)(10)
Debt instrument, convertible, beneficial conversion feature    118 
Interest and debt expense(95)(122)(134)43(129)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes951225,797   
Income (loss) from continuing operations before income taxes:(1,414)(2,535)3,571743(715)(809)
Income tax expense (benefit)(19)(781)387   
Net income (loss):(1,432)(3,316)3,958743(715)(809)
Other undisclosed net income (loss) attributable to parent   (43)1297
Net income (loss) available to common stockholders, diluted:(1,432)(3,316)3,958700(586)(802)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(1,432)(3,316)3,958743(715)(809)
Comprehensive income (loss), net of tax, attributable to parent:(1,432)(3,316)3,958743(715)(809)

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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