GelTech Solutions, Inc. (GLTC) financial statements (2022 and earlier)

Company profile

Business Address 1460 PARK LANE SOUTH
JUPITER, FL 33458
State of Incorp. DE
Fiscal Year End December 31
SIC 282 - Plastics Materials And Synthetic Resins, Synthetic (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments70441511276690
Cash and cash equivalents70441511276690
Receivables113781092373537
Inventory, net of allowances, customer advances and progress billings6611,4341,6621,107844589
Inventory6611,4341,6621,107844589
Prepaid expense     67
Other undisclosed current assets2071331104889 
Total current assets:1,0511,6892,0321,5191,034783
Noncurrent Assets
Inventory, Noncurrent1,298479    
Property, plant and equipment122185253159176158
Deposits noncurrent assets181616163027
Other undisclosed noncurrent assets29     
Total noncurrent assets:1,468681269175206185
TOTAL ASSETS:2,5192,3702,3011,6941,240968
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities453768664560418442
Accounts payable176133142350228265
Accrued liabilities276635522210190177
Debt     (86)
Estimated litigation liability  2757505 
Deferred revenue and credits 7  7
Contract with customer, liability1
Other undisclosed current liabilities63635245914976
Total current liabilities:5178317491,0769371,339
Noncurrent Liabilities
Long-term debt and lease obligation   4,1682,2021,899
Long-term debt, excluding current maturities   4,1682,2021,899
Liabilities, other than long-term debt9799692,956   
Due to related parties9799692,956   
Other undisclosed noncurrent liabilities3,1525,3294,960   
Total noncurrent liabilities:4,1326,2987,9164,1682,2021,899
Total liabilities:4,6497,1298,6655,2443,1383,238
Stockholders' equity
Stockholders' equity attributable to parent(2,129)(4,759)(6,364)(3,551)(1,898)(2,270)
Common stock1047554484033
Additional paid in capital53,90147,28641,54137,04933,19525,718
Accumulated deficit(56,134)(52,120)(47,958)(40,647)(35,134)(28,022)
Total stockholders' equity:(2,129)(4,759)(6,364)(3,551)(1,898)(2,270)
TOTAL LIABILITIES AND EQUITY:2,5192,3702,3011,6941,240968

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

12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
Revenues1,4511,1511,201800815526
Revenue, net    526
Other operating income     1,299
Cost of revenue
(Cost of Goods and Services Sold)
(509)(386)(384)(439)(446)(232)
Other undisclosed gross profit   935352
Gross profit:942765817454421346
Operating expenses(4,271)(4,109)(4,444)(5,026)(6,875)(6,283)
Operating loss:(3,329)(3,344)(3,627)(4,572)(6,454)(5,937)
Nonoperating income (expense)(685)(818)(1,045)(941)(658)715
Interest and debt expense130(818)(719)(992)(463)(499)
Net loss:(3,884)(4,980)(5,391)(6,505)(7,575)(5,721)
Other undisclosed net income (loss) attributable to parent(130)818719992463499
Net loss available to common stockholders, diluted:(4,014)(4,162)(4,672)(5,514)(7,112)(5,222)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
6/30/2015
6/30/2014
6/30/2013
Net loss:(3,884)(4,980)(5,391)(6,505)(7,575)(5,721)
Comprehensive loss, net of tax, attributable to parent:(3,884)(4,980)(5,391)(6,505)(7,575)(5,721)

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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