iQSTEL Inc (IQST) financial statements (2022 and earlier)

Company profile

Business Address 300 ARAGON AVENUE, SUITE 375
CORAL GABLES, FL 33134
State of Incorp. NV
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 7532715251624
Cash and cash equivalents 7532715251624
Receivables 2,5282,7591,8261,935(20) 
Inventory, net of allowances, customer advances and progress billings      9
Inventory      9
Prepaid expense 789218182 4
Other undisclosed current assets 222317258 20 
Total current assets: 3,5823,4382,1062,1421637
Noncurrent Assets
Property, plant and equipment 351288285302  
Intangible assets, net (including goodwill) 1,5601,456    
Goodwill 1,5381,456    
Intangible assets, net (excluding goodwill) 22     
Other undisclosed noncurrent assets 460421    
Total noncurrent assets: 2,3702,164285302  
TOTAL ASSETS: 5,9525,6032,3912,4441637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,7372,2921,3901,3356547
Accounts payable 2,7372,2921,390   
Accrued liabilities     65 
Other undisclosed accounts payable and accrued liabilities    1,335 47
Debt 2,6651791952346132
Derivative instruments and hedges, liabilities 1,0264,7441,790 98112
Due to related parties 95352327 19
Other liabilities 414848437257  
Other undisclosed current liabilities 9753,04763   
Total current liabilities: 7,91211,1463,8981,852225210
Noncurrent Liabilities
Long-term debt and lease obligation 271178    
Long-term debt, excluding current maturities 271178    
Liabilities, other than long-term debt   9191  
Due to related parties   9191  
Other undisclosed noncurrent liabilities 16450    
Total noncurrent liabilities: 4352289191  
Total liabilities: 8,34711,3733,9891,943225210
Stockholders' equity
Stockholders' equity attributable to parent, including: (2,395)(5,770)(1,598)501(209)(174)
Preferred stock     31
Common stock 118181515441100
Additional paid in capital 13,2673,2411,055987(80)35
Accumulated other comprehensive loss (75)(0)    
Accumulated deficit (14,699)(8,125)(2,667)(492)(573)(310)
Receivable from shareholders or affiliates for issuance of capital stock    (9)  
Other undisclosed stockholders' equity attributable to parent (1,006)(904)    
Total stockholders' equity: (2,395)(5,770)(1,598)501(209)(174)
TOTAL LIABILITIES AND EQUITY: 5,9525,6032,3912,4441637

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
6/30/2018
6/30/2017
6/30/2016
Revenues 44,91018,03213,7759,621  
Cost of revenue (43,948)(17,251)(12,583)(8,750)  
Gross profit: 9627811,192871  
Operating expenses (4,174)(1,450)(1,220)(789)(114) 
Other undisclosed operating income      245
Operating income (loss): (3,212)(669)(28)82(114)245
Nonoperating expense (3,487)(4,774)(2,076)(374)(149) 
Investment income, nonoperating   (460)(327)(43) 
Interest and debt expense (155)(2,654)2 (120) 
Income (loss) from continuing operations before equity method investments, income taxes: (6,854)(8,097)(2,102)(292)(384)245
Other undisclosed income (loss) from continuing operations before income taxes 1552,654(2) 120 
Income (loss) from continuing operations before income taxes: (6,699)(5,443)(2,104)(292)(264)245
Income tax benefit 0     
Income (loss) before gain (loss) on sale of properties: (6,699)(5,443)(2,104)(292)(264)245
Other undisclosed net loss (0)     
Net income (loss): (6,699)(5,443)(2,104)(292)(264)245
Net income (loss) attributable to noncontrolling interest 126(15)    
Net income (loss) available to common stockholders, diluted: (6,574)(5,458)(2,104)(292)(264)245

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
6/30/2018
6/30/2017
6/30/2016
Net income (loss): (6,699)(5,443)(2,104)(292)(264)245
Other undisclosed comprehensive loss (146)(0)    
Comprehensive income (loss): (6,846)(5,443)(2,104)(292)(264)245
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 197(15)    
Comprehensive income (loss), net of tax, attributable to parent: (6,649)(5,458)(2,104)(292)(264)245

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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