Intelligent Highway Solutions, Inc. (IHSI) financial statements (2020 and earlier)

Company profile

Business Address 9516 ROSSPORT WAY
ELK GROVE, CA 95624
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1 9529
Cash and cash equivalents1 9529
Prepaid expense 3677194
Costs in excess of billings  116 
Other undisclosed current assets 15237182
Total current assets:152525405
Noncurrent Assets
Property, plant and equipment05152
Prepaid expense 3569 
Other undisclosed noncurrent assets  279
Total noncurrent assets:0408681
TOTAL ASSETS:192611486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2861,6922,017999
Accounts payable21917717190
Accrued liabilities1,6621,3671,003909
Employee-related liabilities  767 
Taxes payable127   
Interest and dividends payable27814977 
Debt259154185252
Derivative instruments and hedges, liabilities11,8551,00616846
Due to related parties710  
Other undisclosed current liabilities859800(228)144
Total current liabilities:15,2663,6622,1421,441
Noncurrent Liabilities
Long-term debt and lease obligation  100311
Long-term debt, excluding current maturities  100311
Other undisclosed noncurrent liabilities  301,441
Total noncurrent liabilities:  1301,752
Other undisclosed liabilities   (1,441)
Total liabilities:15,2663,6622,2721,752
Stockholders' equity
Stockholders' equity attributable to parent(15,265)(3,571)(1,661)(1,265)
Preferred stock00  
Common stock292600
Treasury stock, value(4)(4)(4) 
Additional paid in capital7,0106,9755,2482,126
Accumulated deficit(22,299)(10,567)(6,905)(3,391)
Total stockholders' equity:(15,265)(3,571)(1,661)(1,265)
TOTAL LIABILITIES AND EQUITY:192611486

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 2361,016834
Net investment income(15)(103)(243) 
Cost of revenue
(Cost of Goods and Services Sold)
 (214)(788)(778)
Gross profit: 2222955
Operating expenses(526)(1,561)(1,763)(1,492)
Other undisclosed operating income15   
Operating loss:(526)(1,539)(1,534)(1,437)
Nonoperating expense(11,207)(2,030)(2,034)(550)
Interest and debt expense2170(1,426)(577)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,426577
Loss from continuing operations before equity method investments, income taxes:(11,731)(3,399)(3,568)(1,987)
Other undisclosed loss from continuing operations before income taxes(2)(170)  
Loss from continuing operations before income taxes:(11,733)(3,569)(3,568)(1,987)
Income tax expense (93)  
Net loss available to common stockholders, diluted:(11,733)(3,662)(3,568)(1,987)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss:(11,733)(3,662)(3,568)(1,987)
Comprehensive loss, net of tax, attributable to parent:(11,733)(3,662)(3,568)(1,987)

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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