Ideal Power Inc. (IPWR) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,34623,1703,1573,0583,25810,022
Cash and cash equivalents16,34623,1703,1573,0583,25810,022
Receivables66233170  221
Inventory, net of allowances, customer advances and progress billings      251
Inventory      251
Prepaid expense 213 47209264223
Disposal group, including discontinued operation     1,096 
Deposits current assets   24   
Other current assets 39 48396961
Other undisclosed current assets23944    
Total current assets:16,90323,4473,4463,3064,68810,778
Noncurrent Assets
Operating lease, right-of-use asset24930780260
Property, plant and equipment20056374763670
Intangible assets, net (including goodwill)2,0362,0561,5691,6341,3962,082
Intangible assets, net (excluding goodwill)2,0362,0561,5691,6341,3962,082
Disposal group, including discontinued operation, noncurrent assets     672 
Other noncurrent assets1111 181838
Other undisclosed noncurrent assets     (672) 
Total noncurrent assets:2,4962,4301,6861,9601,4782,789
TOTAL ASSETS:19,39925,8775,1325,2666,16613,567
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3854845775022621,531
Accounts payable13113110218394449
Accrued liabilities2543544753191681,081
Debt    183  
Disposal group, including discontinued operation     878 
Other undisclosed current liabilities655982   
Total current liabilities:4495436606851,1401,531
Noncurrent Liabilities
Long-term debt and lease obligation 8381,185643691  
Long-term debt, excluding current maturities 838917643609  
Liabilities, other than long-term debt203     
Other liabilities      
Operating lease, liability203268 82
Other undisclosed noncurrent liabilities  (268)  428456
Total noncurrent liabilities:1,0411,185643691428456
Total liabilities:1,4911,7281,3031,3771,5681,987
Equity
Equity, attributable to parent17,90924,1503,8293,8894,59811,580
Preferred stock     22
Common stock66321414
Treasury stock, value(13)(13)(13)(13)(13)(7)
Additional paid in capital105,011104,06378,97571,24268,01067,081
Accumulated deficit(87,095)(79,906)(75,136)(67,342)(63,414)(55,509)
Total equity:17,90924,1503,8293,8894,59811,580
TOTAL LIABILITIES AND EQUITY:19,39925,8775,1325,2666,16613,567

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues203576428  1,212
Cost of revenue(203)(576)(428)  (2,242)
Cost of goods and services sold      (761)
Gross profit:     (1,029)
Operating expenses(7,343)(4,849)(4,068)(3,115)(4,312)(9,423)
Other undisclosed operating income203576428   
Operating loss:(7,343)(4,849)(4,068)(3,115)(4,312)(10,453)
Nonoperating income
(Other Nonoperating income)
154     
Interest and debt expense  (13)(5)   
Loss from continuing operations:(7,189)(4,862)(4,073)(3,115)(4,312)(10,453)
Loss before gain (loss) on sale of properties:(4,862)(4,073)(3,221)(4,715)(10,453)
Loss from discontinued operations    (106)(404) 
Net loss:(7,189)(4,862)(4,073)(3,221)(4,715)(10,453)
Other undisclosed net income (loss) attributable to parent 91(3,721)(706)(3,190)18
Net loss available to common stockholders, diluted:(7,189)(4,770)(7,794)(3,928)(7,905)(10,435)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net loss:(7,189)(4,862)(4,073)(3,221)(4,715)(10,453)
Comprehensive loss, net of tax, attributable to parent:(7,189)(4,862)(4,073)(3,221)(4,715)(10,453)

Statements Sources

The financial statements are based on the Company's filings with 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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