iQSTEL Inc (IQST) Financial Statements (2024 and earlier)
Company Profile
Business Address |
300 ARAGON AVENUE, SUITE 375 CORAL GABLES, FL 33134 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 4813 - Telephone Communications, Except Radiotelephone (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 | 6/30/2018 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 1,329 | 3,335 | 753 | 271 | 5 | 25 | |||
Cash and cash equivalents | 1,329 | 3,335 | 753 | 271 | 5 | 25 | |||
Receivables | 4,209 | 2,541 | 2,528 | 2,759 | 1,826 | 1,935 | |||
Inventory, net of allowances, customer advances and progress billings | 26 | ||||||||
Inventory | 26 | ||||||||
Prepaid expense | 546 | 267 | 78 | 92 | 18 | 182 | |||
Other undisclosed current assets | 326 | 424 | 222 | 317 | 258 | ||||
Total current assets: | 6,437 | 6,567 | 3,582 | 3,438 | 2,106 | 2,142 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 401 | 409 | 351 | 288 | 285 | 302 | |||
Intangible assets, net (including goodwill) | 5,272 | 1,637 | 1,560 | 1,456 | |||||
Goodwill | 5,172 | 1,538 | 1,538 | 1,456 | |||||
Intangible assets, net (excluding goodwill) | 100 | 100 | 22 | ||||||
Other noncurrent assets | |||||||||
Other undisclosed noncurrent assets | 440 | 446 | 460 | 421 | |||||
Total noncurrent assets: | 6,113 | 2,493 | 2,370 | 2,164 | 285 | 302 | |||
TOTAL ASSETS: | 12,549 | 9,060 | 5,952 | 5,603 | 2,391 | 2,444 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 4,737 | 307 | 2,737 | 2,292 | 1,390 | 1,335 | |||
Interest and dividends payable | ✕ | ✕ | 8 | ||||||
Employee-related liabilities | ✕ | ✕ | 1,174 | ||||||
Accounts payable | 2,255 | 1,475 | 2,737 | 2,292 | 1,390 | ||||
Accrued liabilities | 2,482 | 61 | |||||||
Other undisclosed accounts payable and accrued liabilities | (2,411) | 1,335 | |||||||
Debt | 189 | 631 | 2,665 | 179 | 195 | 234 | |||
Derivative instruments and hedges, liabilities | 1,358 | 1,026 | 4,744 | 1,790 | |||||
Due to related parties | ✕ | 27 | 27 | 95 | 35 | 23 | 27 | ||
Other liabilities | 307 | 414 | 848 | 437 | 257 | ||||
Other undisclosed current liabilities | 142 | 1,091 | 975 | 3,047 | 63 | ||||
Total current liabilities: | 6,452 | 2,363 | 7,912 | 11,146 | 3,898 | 1,852 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 108 | 119 | 271 | 178 | |||||
Long-term debt, excluding current maturities | 108 | 119 | 271 | 178 | |||||
Liabilities, other than long-term debt | 91 | 91 | |||||||
Due to related parties | ✕ | 91 | 91 | ||||||
Other undisclosed noncurrent liabilities | 154 | 156 | 164 | 50 | |||||
Total noncurrent liabilities: | 262 | 276 | 435 | 228 | 91 | 91 | |||
Total liabilities: | 6,714 | 2,639 | 8,347 | 11,373 | 3,989 | 1,943 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 6,760 | 7,417 | (2,395) | (5,770) | (1,598) | 501 | |||
Common stock | 162 | 147 | 118 | 18 | 15 | 15 | |||
Common stock, share subscribed but unissued, subscriptions receivable | (100) | ||||||||
Common stock, value, subscriptions | 100 | ||||||||
Additional paid in capital | 31,136 | 25,843 | 13,267 | 3,241 | 1,055 | 987 | |||
Accumulated other comprehensive loss | (34) | (37) | (75) | (0) | |||||
Accumulated deficit | (24,504) | (18,537) | (14,699) | (8,125) | (2,667) | (492) | |||
Receivable from shareholders or affiliates for issuance of capital stock | (9) | ||||||||
Other undisclosed equity, attributable to parent | 0 | 0 | (1,006) | (904) | |||||
Equity, attributable to noncontrolling interest | (924) | (996) | |||||||
Total equity: | 5,835 | 6,421 | (2,395) | (5,770) | (1,598) | 501 | |||
TOTAL LIABILITIES AND EQUITY: | 12,549 | 9,060 | 5,952 | 5,603 | 2,391 | 2,444 |
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 | 6/30/2018 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 93,204 | 64,702 | 44,910 | 18,032 | 13,775 | 9,621 | ||
Cost of revenue | (91,412) | (63,168) | (43,948) | (17,251) | (12,583) | (8,750) | ||
Gross profit: | 1,792 | 1,534 | 962 | 781 | 1,192 | 871 | ||
Operating expenses | (4,983) | (4,518) | (4,174) | (1,450) | (1,220) | (789) | ||
Operating income (loss): | (3,192) | (2,984) | (3,212) | (669) | (28) | 82 | ||
Nonoperating expense | (2,674) | (880) | (3,487) | (4,774) | (2,076) | (374) | ||
Investment income, nonoperating | (460) | (327) | ||||||
Interest and debt expense | 529 | (155) | (2,654) | 2 | ||||
Loss from continuing operations before equity method investments, income taxes: | (5,866) | (3,335) | (6,854) | (8,097) | (2,102) | (292) | ||
Other undisclosed income (loss) from continuing operations before income taxes | (529) | 155 | 2,654 | (2) | ||||
Loss from continuing operations before income taxes: | (5,866) | (3,864) | (6,699) | (5,443) | (2,104) | (292) | ||
Income tax benefit | 0 | |||||||
Loss from continuing operations: | (5,866) | (3,864) | (6,699) | (5,443) | (2,104) | (292) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | (3,864) | (6,699) | (5,443) | (2,104) | (292) | |
Other undisclosed net loss | (0) | |||||||
Net loss: | (5,866) | (3,864) | (6,699) | (5,443) | (2,104) | (292) | ||
Net income (loss) attributable to noncontrolling interest | (102) | 26 | 126 | (15) | ||||
Net loss attributable to parent: | (5,967) | (3,838) | (6,574) | (5,458) | (2,104) | (292) | ||
Other undisclosed net loss available to common stockholders, basic | ||||||||
Net loss available to common stockholders, diluted: | (5,967) | (3,838) | (6,574) | (5,458) | (2,104) | (292) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 6/30/2018 | ||
---|---|---|---|---|---|---|---|---|
Net loss: | (5,866) | (3,864) | (6,699) | (5,443) | (2,104) | (292) | ||
Other undisclosed comprehensive income (loss) | 6 | 75 | (146) | (0) | ||||
Comprehensive loss: | (5,860) | (3,789) | (6,846) | (5,443) | (2,104) | (292) | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (105) | (10) | 197 | (15) | ||||
Comprehensive loss, net of tax, attributable to parent: | (5,964) | (3,800) | (6,649) | (5,458) | (2,104) | (292) |
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.