iPower Inc. (IPW) financial statements (2022 and earlier)

Company profile

Business Address 2399 BATEMAN AVENUE
DUARTE, CA 91010
State of Incorp. NV
Fiscal Year End June 30
SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0926,652
Cash and cash equivalents1,0926,652
Receivables15,5547,896
Inventory, net of allowances, customer advances and progress billings19,90913,066
Inventory19,90913,066
Deferred costs 694
Other undisclosed current assets6,8043,999
Total current assets:43,35832,307
Noncurrent Assets
Operating lease, right-of-use asset1,4731,819
Property, plant and equipment10356
Other noncurrent assets329100
Other undisclosed noncurrent assets1,1411,357
Total noncurrent assets:3,0473,332
TOTAL ASSETS:46,40535,639
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,9204,732
Accounts payable4,5463,941
Taxes payable375791
Deferred revenue228297
Debt29192
Other undisclosed current liabilities6,2173,804
Total current liabilities:11,3949,025
Noncurrent Liabilities
Long-term debt and lease obligation7,7411,170
Long-term debt, excluding current maturities6,964 
Operating lease, liability7771,170
Other undisclosed noncurrent liabilities(336)(711)
Total noncurrent liabilities:8,1821,628
Total liabilities:19,57710,653
Stockholders' equity
Stockholders' equity attributable to parent26,82924,986
Common stock2626
Additional paid in capital23,37223,214
Retained earnings3,4301,745
Total stockholders' equity:26,82924,986
TOTAL LIABILITIES AND EQUITY:46,40535,639

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

12/31/2021
TTM
6/30/2021
Revenues47,62654,076
Cost of revenue(26,990)(31,257)
Gross profit:20,63622,819
Operating expenses(17,422)(19,858)
Operating income:3,2142,961
Nonoperating expense(832)(2,970)
Other nonoperating expense(753)(2,843)
Interest and debt expense(31)176
Income from continuing operations before equity method investments, income taxes:2,351167
Other undisclosed income (loss) from continuing operations before income taxes31(176)
Income (loss) from continuing operations before income taxes:2,382(9)
Income tax expense(904)(767)
Net income (loss) available to common stockholders, diluted:1,479(776)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
Net income (loss):1,479(776)
Comprehensive income (loss), net of tax, attributable to parent:1,479(776)

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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