HighCom Global Security, Inc. (HCGS) financial statements (2020 and earlier)

Company profile

Business Address 12900 AUTOMOBILE BLVD
CLEARWATER, FL 33762
State of Incorp. CO
Fiscal Year End December 31
SIC 289 - Miscellaneous Chemical Products (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
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1315262701091543356
Cash and cash equivalents1315262701091543356
Receivables1,361751943981 8320
Inventory, net of allowances, customer advances and progress billings2,0581,7001,9311,2061,349
Inventory2,0581,7001,9311,2061,349  
Intangible current assets    796
Prepaid expense and other current assets88
Other undisclosed current assets12527920(535)838515
Total current assets:3,6753,0043,1532,3161,626972899
Noncurrent Assets
Property, plant and equipment9915218917180113134
Intangible assets, net (including goodwill)2,1432,1532,1942,2102,2262,2592,468
Goodwill2,0622,0622,0622,0622,0622,0622,062
Intangible assets, net (excluding goodwill)8291132148165197407
Deposits noncurrent assets10      
Other undisclosed noncurrent assets3,4073,4865,1491053120118
Total noncurrent assets:5,6595,7927,5322,3912,3592,4922,720
TOTAL ASSETS:9,3348,79610,6854,7083,9853,4643,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,2161,1057658811,02211,279
Accounts payable1,13994064575686311,026
Accrued liabilities771641201251590252
Debt  (30)(611)(957)1,2422,493
Due to related parties   300   
Customer advances and deposits51281180
Other undisclosed current liabilities6 2726231,91379479
Total current liabilities:1,2221,1091,0181,2732,1592,0373,850
Noncurrent Liabilities
Liabilities, other than long-term debt    624  
Derivative instruments and hedges, liabilities    624  
Other undisclosed noncurrent liabilities   321(454)3,2351,510
Total noncurrent liabilities:   3211703,2351,510
Total liabilities:1,2221,1091,0181,5942,3285,2725,360
Stockholders' equity
Stockholders' equity attributable to parent, including:8,0667,6869,6673,1141,656(1,808)(1,740)
Common stock386377367337328  
Additional paid in capital18,64518,35018,22117,79217,35616,45214,695
Accumulated other comprehensive loss     (18,531)(16,496)
Accumulated deficit(10,965)(11,076)(8,957)(15,028)(16,017)  
Other undisclosed stockholders' equity attributable to parent 353513(11)27160
Stockholders' equity attributable to noncontrolling interest45   (11)(24)(30)
Other undisclosed stockholders' equity    112430
Total stockholders' equity:8,1127,6869,6673,1141,656(1,808)(1,740)
TOTAL LIABILITIES AND EQUITY:9,3348,79610,6854,7083,9853,4643,620

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues7,4836,2177,9297,6785,0482,0683,496
Financial services revenue  (266)(1,762)  
Cost of revenue(4,467)(4,052)(5,030)(4,736)(3,364)(1,037)(2,363)
Cost of goods and services sold(4,467)(4,052)(5,030)(4,736)(3,336)(1,037)(2,363)
Other undisclosed gross profit    63  
Gross profit:3,0162,1652,8992,9421,7471,0321,133
Operating expenses(2,856)(2,839)(2,224)(2,006)(1,673)(1,503)(1,114)
Operating income (loss):160(674)67593674(471)20
Nonoperating income (expense)30219280(42)849986644
Investment income, nonoperating     986644
Gain on contract termination    849  
Other nonoperating income (expense)30219280(42)   
Interest and debt expense 122300(147)(159)797883
Income (loss) from continuing operations before equity method investments, income taxes:190(334)1,2547477641,3121,546
Other undisclosed income (loss) from continuing operations before income taxes (122)(300)2661,762  
Income (loss) from continuing operations before income taxes:190(456)9541,0142,5271,3121,546
Income tax expense (benefit)69(1,663)5,139(376)   
Income (loss) from continuing operations:259(2,119)6,0936382,5271,3121,546
Income (loss) from discontinued operations     (2,029)1,054
Income (loss) before gain (loss) on sale of properties:259(2,119)6,0936382,527(717)2,601
Other undisclosed net income (loss)(138)  376   
Net income (loss):121(2,119)6,0931,0142,527(717)2,601
Net income (loss) attributable to noncontrolling interest10   (13)2,035(1,045)
Other undisclosed net loss attributable to parent(20)(0)(22)(25) (3,353) 
Net income (loss) available to common stockholders, diluted:111(2,119)6,0719892,514(2,035)1,556

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):121(2,119)6,0931,0142,527(717)2,601
Comprehensive income (loss):121(2,119)6,0931,0142,527(717)2,601
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10   (13)(2,035)1,045
Comprehensive income (loss), net of tax, attributable to parent:131(2,119)6,0931,0142,514(2,753)3,646

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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