Innerscope Hearing Technologies, Inc. (INND) financial statements (2020 and earlier)

Company profile

Business Address 2151 PROFESSIONAL DRIVE
ROSEVILLE, CA 95661
State of Incorp. NV
Fiscal Year End December 31
SIC 7311 - Advertising Agencies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 8885494
Cash and cash equivalents 8885494
Receivables 18574 
Inventory, net of allowances, customer advances and progress billings 926 
Inventory 926 
Prepaid expense 41  
Other undisclosed current assets 192114155
Total current assets: 598279648
Noncurrent Assets
Property, plant and equipment 4322
Long-term investments and receivables 1,2271,2255
Long-term investments 1,2271,225 
Accounts and financing receivable, after allowance for credit loss   5
Intangible assets, net (including goodwill) 33 
Intangible assets, net (excluding goodwill) 33 
Other undisclosed noncurrent assets 1,022  
Total noncurrent assets: 2,2951,2298
TOTAL ASSETS: 2,8931,508656
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,23416243
Accrued liabilities   96
Employee-related liabilities 189507
Taxes payable 243438
Other undisclosed accounts payable and accrued liabilities 1,02178(98)
Debt 2019 
Derivative instruments and hedges, liabilities 1,807541 
Due to related parties 5817713
Deferred revenue and credits847222
Other undisclosed current liabilities 568243141
Total current liabilities: 3,6871,988419
Noncurrent Liabilities
Long-term debt and lease obligation 965982 
Long-term debt, excluding current maturities 965982 
Other undisclosed noncurrent liabilities  13 
Total noncurrent liabilities: 965995 
Total liabilities: 4,6522,983419
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,758)(1,475)237
Preferred stock 0  
Common stock 1266
Common stock, value, subscriptions 10 
Additional paid in capital 4,837331104
Deferred compensation equity (236)(25) 
Retained earnings (accumulated deficit) (6,372)(1,787)126
Other undisclosed stockholders' equity attributable to parent (0)(0) 
Total stockholders' equity: (1,758)(1,475)237
TOTAL LIABILITIES AND EQUITY: 2,8931,508656

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Revenues 3254711,898
Revenue, net86917
Revenue from related parties 82
Other operating income 243  
Other income  384981
Cost of revenue (182)(293)(777)
Cost of goods and services sold   (242)
Other cost of operating revenue (157)(257) 
Gross profit: 1431771,121
Operating expenses (2,852)(1,404)(1,076)
Operating income (loss): (2,709)(1,226)45
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (1,877)(687)62
Interest and debt expense (144)(266) 
Income (loss) from continuing operations before income taxes: (4,729)(2,179)107
Income tax expense   (37)
Net income (loss): (4,729)(2,179)70
Other undisclosed net income attributable to parent 144266 
Net income (loss) available to common stockholders, diluted: (4,585)(1,913)70

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (4,729)(2,179)70
Comprehensive income (loss), net of tax, attributable to parent: (4,729)(2,179)70

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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