iQSTEL Inc. (IQST) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
6/30/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 2715251624 
Cash and cash equivalents 2715251624 
Receivables 2,7591,8261,935(20)  
Inventory, net of allowances, customer advances and progress billings     9 
Inventory     9 
Prepaid expense 9218182 4 
Other undisclosed current assets 317258 20  
Total current assets: 3,4382,1062,1421637 
Noncurrent Assets
Property, plant and equipment 288285302   
Intangible assets, net (including goodwill) 1,456     
Goodwill 1,456     
Other undisclosed noncurrent assets 421     
Total noncurrent assets: 2,164285302   
TOTAL ASSETS: 5,6032,3912,4441637 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 2,2921,3901,33565478
Accounts payable 2,2921,390    
Accrued liabilities    65  
Other undisclosed accounts payable and accrued liabilities   1,335 478
Debt 1791952346132 
Derivative instruments and hedges, liabilities 4,7441,790 98112 
Due to related parties 352327 192
Other liabilities 848437257   
Other undisclosed current liabilities 3,04763    
Total current liabilities: 11,1463,8981,85222521010
Noncurrent Liabilities
Long-term debt and lease obligation 178     
Long-term debt, excluding current maturities 178     
Liabilities, other than long-term debt  9191   
Due to related parties  9191   
Other undisclosed noncurrent liabilities 50     
Total noncurrent liabilities: 2289191   
Total liabilities: 11,3733,9891,94322521010
Stockholders' equity
Stockholders' equity attributable to parent, including: (5,770)(1,598)501(209)(174)(10)
Preferred stock    31 
Common stock 181515441100400
Additional paid in capital 3,2411,055987(80)35(345)
Accumulated other comprehensive loss (0)     
Accumulated deficit (8,125)(2,667)(492)(573)(310)(65)
Receivable from shareholders or affiliates for issuance of capital stock   (9)   
Other undisclosed stockholders' equity attributable to parent (904)     
Total stockholders' equity: (5,770)(1,598)501(209)(174)(10)
TOTAL LIABILITIES AND EQUITY: 5,6032,3912,4441637 

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

9/30/2020
TTM
12/31/2019
12/31/2018
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Revenues 18,03213,7759,621   
Cost of revenue (17,251)(12,583)(8,750)   
Gross profit: 7811,192871   
Operating expenses (1,450)(1,220)(789)(114) (36)
Other operating income, net      4
Other undisclosed operating income     245 
Operating income (loss): (669)(28)82(114)245(32)
Nonoperating expense (4,774)(2,076)(374)(149)  
Investment income, nonoperating  (460)(327)(43)  
Interest and debt expense (2,654)2 (120) 6
Income (loss) from continuing operations before equity method investments, income taxes: (8,097)(2,102)(292)(384)245(26)
Other undisclosed income (loss) from continuing operations before income taxes 2,654(2) 120 (6)
Income (loss) from continuing operations before income taxes: (5,443)(2,104)(292)(264)245(32)
Income tax expense      (1)
Net income (loss): (5,443)(2,104)(292)(264)245(33)
Net loss attributable to noncontrolling interest (15)     
Net income (loss) available to common stockholders, diluted: (5,458)(2,104)(292)(264)245(33)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
6/30/2018
6/30/2017
6/30/2016
6/30/2015
Net income (loss): (5,443)(2,104)(292)(264)245(33)
Other undisclosed comprehensive loss (0)     
Comprehensive income (loss): (5,443)(2,104)(292)(264)245(33)
Comprehensive loss, net of tax, attributable to noncontrolling interest (15)     
Comprehensive income (loss), net of tax, attributable to parent: (5,458)(2,104)(292)(264)245(33)

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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