I.D. Systems, Inc. (IDSY) Financial Statements (2023 and Earlier)

Company Profile

Business Address 123 TICE BOULEVARD
WOODCLIFF LAKE, NJ 07677
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

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 investments, including:15,00016,9006,9006,4009,22310,6726,408
Cash and cash equivalents10,1595,0974,9724,4895,9746,5821,614
Short-term investments 1,2011152593,2494,0904,794
Other undisclosed cash, cash equivalents, and short-term investments4,84110,6021,8131,652   
Receivables10,28310,04111,35112,85116,8512523
Inventory, net of allowances, customer advances and progress billings4,6494,5863,9207,1526,2525,1567,512
Inventory4,6494,5863,9207,1526,2525,1567,512
Contract with customer, asset3,660✕✕✕✕✕✕
Deferred costs 4,2963,7503,3102,1832,1122,380
Prepaid expense and other current assets✕✕✕✕✕✕1,043
Other undisclosed current assets(932)(6,669)1,9879151,90014,87212,896
Total current assets:32,66029,15427,90830,62836,40932,83730,262
Noncurrent Assets
Property, plant and equipment2,1492,7473,0753,1191,5202,2392,401
Long-term investments and receivables1,25411,8353,9294,4178,13813,35519,878
Long-term investments 10,2781,4991,3394,0663,1009,064
Accounts and financing receivable, after allowance for credit loss1,2541,5572,4303,0784,07210,25510,814
Intangible assets, net (including goodwill)12,02312,7352,5432,6792,8143,9015,067
Goodwill7,3187,3181,8371,8371,8371,8371,837
Intangible assets, net (excluding goodwill)4,7055,4177068429772,0643,230
Contract with customer, asset, net5,409✕✕✕✕✕✕
Deferred costs 4,3026,6383,3203,2812,8612,651
Other noncurrent assets177159153265324322✕
Prepaid expense and other noncurrent assets✕✕✕✕✕✕307
Other undisclosed noncurrent assets4,131      
Total noncurrent assets:25,14331,77816,33813,80016,07722,67830,304
TOTAL ASSETS:57,80360,93244,24644,42852,48655,51560,566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,0277,4407,6229,17310,1026,2645,638
Accounts payable6,6446,2336,1958,0267,1905,3033,833
Accrued liabilities5136005217291,372  
Employee-related liabilities8706079064181,540  
Other undisclosed accounts payable and accrued liabilities     9611,805
Debt  2,993 149144 
Business combination, contingent consideration, liability9461,923   ✕✕
Deferred revenue and credits✕9,7117,1977,3836,7424,6414,689
Deferred tax liabilities    2,3162,3292,357
Contract with customer, liability7,902✕✕✕✕✕✕
Other undisclosed current liabilities    (2,316)(2,329)(2,357)
Total current liabilities:16,87519,07417,81216,55616,99311,04910,327
Noncurrent Liabilities
Long-term debt and lease obligation     149 
Capital lease obligations     149 
Liabilities, other than long-term debt9,3948,88710,4327,3028,2386,8686,212
Deferred revenue and credits✕8,03310,4327,3028,2386,8686,212
Contract with customer, liability9,186✕✕✕✕✕✕
Deferred rent credit208✕✕✕✕✕✕
Business combination, contingent consideration, liability 854   ✕✕
Total noncurrent liabilities:9,3948,88710,4327,3028,2387,0176,212
Total liabilities:26,26927,96128,24423,85825,23118,06616,539
Stockholders' equity
Stockholders' equity attributable to parent31,53432,97116,00220,57027,25537,44944,027
Common stock192183129129124123122
Treasury stock, value(5,736)(4,835)(4,370)(4,047)(3,590)(3,446)(3,181)
Additional paid in capital138,693133,569111,844110,116106,272104,479103,135
Accumulated other comprehensive income (loss)(435)(578)(103)(500)(375)(106)53
Accumulated deficit(101,180)(95,368)(91,498)(85,128)(75,176)(63,601)(56,102)
Total stockholders' equity:31,53432,97116,00220,57027,25537,44944,027
TOTAL LIABILITIES AND EQUITY:57,80360,93244,24644,42852,48655,51560,566

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues53,06440,95836,82241,78445,63339,94644,635
Revenue, net✕40,95836,82241,78445,63339,94644,635
Cost of revenue
(Cost of Goods and Services Sold)		(27,266)(20,031)(18,528)(24,761)(25,627)(22,036)(21,705)
Gross profit:25,79820,92718,29417,02320,00617,91022,930
Operating expenses(31,534)(25,018)(24,662)(27,306)(32,184)(26,158)(26,750)
Operating loss:(5,736)(4,091)(6,368)(10,283)(12,178)(8,248)(3,820)
Nonoperating income (expense)(165)(1)6(11)375159
Investment income, nonoperating  285342566635507
Foreign currency transaction gain (loss), before tax(214)456(437)60(56)  
Interest and debt expense(173)(342)(293)    
Loss from continuing operations before equity method investments, income taxes:(6,074)(4,434)(6,655)(10,294)(12,141)(8,197)(3,761)
Other undisclosed income from continuing operations before income taxes262253285342566635507
Loss from continuing operations before income taxes:(5,812)(4,181)(6,370)(9,952)(11,575)(7,562)(3,254)
Income tax benefit 311   63662
Net loss available to common stockholders, diluted:(5,812)(3,870)(6,370)(9,952)(11,575)(7,499)(2,592)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(5,812)(3,870)(6,370)(9,952)(11,575)(7,499)(2,592)
Comprehensive loss:(5,812)(3,870)(6,370)(9,952)(11,575)(7,499)(2,592)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent143(475)397(125)(269)(159)102
Comprehensive loss, net of tax, attributable to parent:(5,669)(4,345)(5,973)(10,077)(11,844)(7,658)(2,490)

Statements Sources

The financial statements are based on the Company's filings with 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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