Ideal Power Inc. (IPWR) financial statements (2022 and earlier)

Company profile

Business Address 5508 HIGHWAY 290 WEST
AUSTIN, TX 78735
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,1703,1573,0583,25810,0224,20515,022
Cash and cash equivalents23,1703,1573,0583,25810,0224,20515,022
Receivables233170  221379873
Inventory, net of allowances, customer advances and progress billings    2511,245648
Inventory    2511,245648
Prepaid expense 47209264223241228
Disposal group, including discontinued operation   1,096   
Deposits current assets 24     
Other current assets 483969617268
Other undisclosed current assets44      
Total current assets:23,4473,4463,3064,68810,7786,14116,840
Noncurrent Assets
Operating lease, right-of-use asset30780260
Property, plant and equipment56374763670936926
Intangible assets, net (including goodwill)2,0561,5691,6341,3962,0821,9061,467
Intangible assets, net (excluding goodwill)2,0561,5691,6341,3962,0821,9061,467
Disposal group, including discontinued operation, noncurrent assets   672   
Other noncurrent assets11 1818381818
Other undisclosed noncurrent assets   (672)   
Total noncurrent assets:2,4301,6861,9601,4782,7892,8602,411
TOTAL ASSETS:25,8775,1325,2666,16613,5679,00119,250
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4845775022621,5311,4962,579
Accounts payable131102183944493471,339
Accrued liabilities3544753191681,0811,1491,240
Debt  183    
Disposal group, including discontinued operation   878   
Other undisclosed current liabilities5982     
Total current liabilities:5436606851,1401,5311,4962,579
Noncurrent Liabilities
Long-term debt and lease obligation1,185643691    
Long-term debt, excluding current maturities917643609    
Operating lease, liability268 82
Other undisclosed noncurrent liabilities(268)  428456265 
Total noncurrent liabilities:1,185643691428456265 
Total liabilities:1,7281,3031,3771,5681,9871,7612,579
Stockholders' equity
Stockholders' equity attributable to parent24,1503,8293,8894,59811,5807,24016,671
Preferred stock   22  
Common stock63214141010
Treasury stock, value(13)(13)(13)(13)(7)(6)(3)
Additional paid in capital104,06378,97571,24268,01067,08152,31050,757
Accumulated deficit(79,906)(75,136)(67,342)(63,414)(55,509)(45,074)(34,093)
Total stockholders' equity:24,1503,8293,8894,59811,5807,24016,671
TOTAL LIABILITIES AND EQUITY:25,8775,1325,2666,16613,5679,00119,250

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues576428  1,2121,6294,260
Revenue, net  4,260
Cost of revenue(576)(428)  (2,242)(1,940)(3,873)
Cost of goods and services sold    (761)(73)(3,873)
Gross profit:    (1,029)(311)387
Operating expenses(4,849)(4,068)(3,115)(4,312)(9,423)(10,706)(10,859)
Other undisclosed operating income576428     
Operating loss:(4,849)(4,068)(3,115)(4,312)(10,453)(11,017)(10,472)
Interest and debt expense(13)(5)     
Loss from continuing operations:(4,862)(4,073)(3,115)(4,312)(10,453)(11,017)(10,472)
Loss from discontinued operations  (106)(404)   
Net loss:(4,862)(4,073)(3,221)(4,715)(10,453)(11,017)(10,472)
Other undisclosed net income (loss) attributable to parent91(3,721)(706)(3,190)183631
Net loss available to common stockholders, diluted:(4,770)(7,794)(3,928)(7,905)(10,435)(10,981)(10,441)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(4,862)(4,073)(3,221)(4,715)(10,453)(11,017)(10,472)
Comprehensive loss, net of tax, attributable to parent:(4,862)(4,073)(3,221)(4,715)(10,453)(11,017)(10,472)

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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