Igen Networks Corp (IGEN) financial statements (2021 and earlier)

Company profile

Business Address 28375 ROSTRATA AVE
LAKE ELSINORE, CA 92532
State of Incorp. NV
Fiscal Year End December 31
SIC 7363 - Help Supply Services (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
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27 5729403456
Cash and cash equivalents27 5729403456
Restricted cash and investments   2515  
Receivables3518255416251337
Inventory, net of allowances, customer advances and progress billings204372173014
Inventory204372173014
Prepaid expense 4282219615
Total current assets:8226146132253176412
Noncurrent Assets
Property, plant and equipment   371833
Long-term investments and receivables      227
Long-term investments      227
Intangible assets, net (including goodwill)506506506506506506506
Goodwill506506506506506506506
Other undisclosed noncurrent assets      5
Total noncurrent assets:506506506508513523772
TOTAL ASSETS:5885326526417666991,184
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:847983814859743539353
Accounts payable686745613623653461285
Accrued liabilities19442050397868
Employee-related liabilities3285728432  
Taxes payable   806  
Interest and dividends payable1919191713  
Other undisclosed accounts payable and accrued liabilities9090904   
Deferred revenue97208
Debt621 158011653
Derivative instruments and hedges, liabilities19092  28  
Deferred revenue and credits6342395754
Other undisclosed current liabilities15 546340   
Total current liabilities:1,1541,3041,3601,8471,090712460
Noncurrent Liabilities
Long-term debt and lease obligation56     80
Long-term debt, excluding current maturities56     80
Liabilities, other than long-term debt20755 1847434 
Deferred revenue and credits18474  
Deferred revenue 55
Due to related parties207      
Derivative instruments and hedges, liabilities     34 
Other undisclosed noncurrent liabilities42 175    
Total noncurrent liabilities:30555175184743480
Total liabilities:1,4591,3591,5352,0311,164746540
Stockholders' equity
Stockholders' equity attributable to parent, including:(923)(859)(883)(1,390)(398)(48)643
Common stock1,192746739322826
Common stock, value, subscriptions    2525 
Additional paid in capital13,06910,69710,4268,8548,1097,5876,698
Deferred compensation equity    (20)  
Accumulated other comprehensive loss   (61)(32)(12)(18)
Accumulated deficit(15,185)(11,631)(11,376)(10,223)(8,512)(7,676)(6,062)
Warrants and rights outstanding      1,375
Other undisclosed stockholders' equity attributable to parent1     (1,375)
Other undisclosed stockholders' equity5232     
Total stockholders' equity:(871)(827)(883)(1,390)(398)(48)643
TOTAL LIABILITIES AND EQUITY:5885326526417666991,184

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3687241,1991,3471,1431,036725
Revenue, net1,3471,1431,036681
Cost of revenue(271)(428)(646)(864)(748)(717)(426)
Cost of goods and services sold(1,000) (646)(864)(748)(717)(426)
Gross profit:97296552483395319298
Operating expenses(1,071)(1,102)(1,693)(1,610)(1,197)(1,682)(919)
Operating loss:(974)(806)(1,140)(1,126)(803)(1,363)(620)
Nonoperating income (expense)(1,665)327(3)(91)(34)1 
Foreign currency transaction gain, before tax    16  
Other nonoperating income     1 
Interest and debt expense(209)(23)(22)39(2)11(11)
Loss from continuing operations before equity method investments, income taxes:(2,848)(502)(1,165)(1,178)(838)(1,351)(632)
Income (loss) from equity method investments     1(14)
Other undisclosed income (loss) from continuing operations before income taxes  22(39)   
Loss from continuing operations before income taxes:(2,848)(502)(1,143)(1,218)(838)(1,350)(646)
Income tax expense  (10)(80)   
Loss before gain (loss) on sale of properties:(2,848)(502)(1,153)(1,298)(838)(1,350)(646)
Other undisclosed net loss     (263)(102)
Net loss:(2,848)(502)(1,153)(1,298)(838)(1,613)(748)
Net income (loss) attributable to noncontrolling interest3,555(479)     
Other undisclosed net income (loss) attributable to parent(3,346)502  2  
Net loss attributable to parent:(2,639)(479)(1,153)(1,298)(837)(1,613)(748)
Preferred stock dividends and other adjustments 47     
Net loss available to common stockholders, diluted:(2,639)(432)(1,153)(1,298)(837)(1,613)(748)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(2,848)(502)(1,153)(1,298)(838)(1,613)(748)
Other comprehensive loss (581)     
Comprehensive loss:(2,848)(1,084)(1,153)(1,298)(838)(1,613)(748)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3,555(479)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,08461(29)(19)6(15)
Comprehensive income (loss), net of tax, attributable to parent:706(479)(1,092)(1,326)(857)(1,607)(763)

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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