Eco-shift Power Corp (IFLI) financial statements (2020 and earlier)

Company profile

Business Address 1090 FOUNTAIN STREET NORTH
CAMBRIDGE, ON N3H 4R7
State of Incorp. DE
Fiscal Year End December 31
SIC 72 - Personal Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2061082
Cash and cash equivalents2061082
Receivables4,508  
Inventory, net of allowances, customer advances and progress billings 143
Inventory 143 
Prepaid expense 55
Costs in excess of billings531  
Other undisclosed current assets(3,180)39312
Total current assets:2,06469814
Noncurrent Assets
Property, plant and equipment681215
Intangible assets, net (including goodwill)4,606201
Goodwill2,225  
Intangible assets, net (excluding goodwill)2,381 201
Other undisclosed noncurrent assets  (201)
Total noncurrent assets:4,6741215
TOTAL ASSETS:6,73871029
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,35241873
Other undisclosed accounts payable and accrued liabilities2,35241873
Debt73660436
Derivative instruments and hedges, liabilities851  
Estimated litigation liability  23
Due to related parties309119 
Billings in excess of cost448  
Customer advances and deposits216
Other undisclosed current liabilities2,459  
Total current liabilities:7,3711,141133
Noncurrent Liabilities
Long-term debt and lease obligation67  
Long-term debt, excluding current maturities67  
Liabilities, other than long-term debt152  
Derivative instruments and hedges, liabilities152  
Other undisclosed noncurrent liabilities(67)  
Total noncurrent liabilities:152  
Other undisclosed liabilities 759459
Total liabilities:7,5221,900591
Stockholders' equity
Stockholders' equity attributable to parent, including:(784)(1,190)(563)
Preferred stock00 
Common stock634549 
Additional paid in capital5,5002,8961,910
Accumulated other comprehensive income22782 
Accumulated deficit(7,255)(4,717)(3,352)
Warrants and rights outstanding13,299  
Other undisclosed stockholders' equity attributable to parent(13,189) 880
Total stockholders' equity:(784)(1,190)(563)
TOTAL LIABILITIES AND EQUITY:6,73871029

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

12/31/2014
12/31/2013
12/31/2012
Revenues1,2711,370120
Revenue, net  120
Cost of revenue
(Cost of Goods and Services Sold)
(1,275)(804)(105)
Other undisclosed gross profit268 37
Gross profit:26456651
Operating expenses(2,803)(3,559)(2,371)
Other operating expense, net  (201)
Operating loss:(2,539)(2,993)(2,521)
Nonoperating income
(Other Nonoperating income)
  26
Interest and debt expense(20)(548)(1)
Net loss:(2,559)(3,541)(2,496)
Other undisclosed net income (loss) attributable to parent20548(25)
Net loss available to common stockholders, diluted:(2,539)(2,993)(2,521)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net loss:(2,559)(3,541)(2,496)
Other comprehensive loss(2,395)(2,884) 
Comprehensive loss, net of tax, attributable to parent:(4,953)(6,425)(2,496)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: