Ironclad Encryption Corporation (IRNC) financial statements (2021 and earlier)
Company profile
| Business Address |
777 SOUTH POST OAK LANE HOUSTON, TX 77056 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| SIC | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 12/31/2019 TTM | 3/31/2019 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 150 | 278 | 34 | 60 | 103 | 131 | 172 | ||
| Cash and cash equivalents | 150 | 278 | 34 | 60 | 103 | 131 | 172 | ||
| Prepaid expense | 36 | 30 | 25 | 0 | 0 | ||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 0 | ||
| Total current assets: | 187 | 307 | 59 | 60 | 103 | 131 | 172 | ||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | 615 | 368 | 157 | ✕ | |||||
| Intangible assets, net (excluding goodwill) | 615 | 368 | 157 | ||||||
| Total noncurrent assets: | 615 | 368 | 157 | ||||||
| TOTAL ASSETS: | 802 | 675 | 216 | 60 | 103 | 131 | 172 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,589 | 2,638 | 548 | 1 | 4 | 1 | |||
| Accounts payable | 994 | 604 | 438 | 1 | 4 | 1 | |||
| Accrued liabilities | 235 | 238 | 86 | ||||||
| Employee-related liabilities | 2,285 | 1,686 | |||||||
| Interest and dividends payable | 75 | 110 | 24 | ||||||
| Debt | 4 | ||||||||
| Derivative instruments and hedges, liabilities | 917 | ||||||||
| Due to related parties | 68 | 97 | 32 | ||||||
| Other undisclosed current liabilities | 810 | 2,977 | 1,139 | ||||||
| Total current liabilities: | 5,384 | 5,711 | 1,724 | 1 | 4 | 1 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 5,384 | 5,711 | 1,724 | 1 | 4 | 1 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (4,582) | (5,036) | (1,507) | 59 | 99 | 131 | 171 | ||
| Common stock | 66 | 1 | 1 | 1 | 1 | ||||
| Common stock, share subscribed but unissued, subscriptions receivable | (6) | 81 | |||||||
| Additional paid in capital | 30,927 | 22,784 | 9,117 | 269 | 269 | 269 | 269 | ||
| Retained earnings (accumulated deficit) | (36,157) | (27,968) | (10,692) | (214) | (174) | (141) | 242 | ||
| Other undisclosed stockholders' equity attributable to parent | 648 | 155 | (80) | 2 | 2 | 2 | (342) | ||
| Other undisclosed stockholders' equity | (0) | ||||||||
| Total stockholders' equity: | (4,582) | (5,036) | (1,507) | 59 | 99 | 131 | 171 | ||
| Other undisclosed liabilities and equity | 0 | ||||||||
| TOTAL LIABILITIES AND EQUITY: | 802 | 675 | 216 | 60 | 103 | 131 | 172 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2019 TTM | 3/31/2019 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Gross profit: | 780 | |||||||
| Operating expenses | (8,870) | (10,894) | (9,919) | (40) | (33) | (40) | (64) | |
| Other operating income, net (Other Expenses) | 370 | |||||||
| Operating loss: | (8,870) | (10,114) | (9,549) | (40) | (33) | (40) | (64) | |
| Nonoperating income (expense) | (2,004) | (3,913) | (579) | (0) | 0 | 1 | ||
| Investment income, nonoperating | 0 | 0 | 0 | 0 | 1 | |||
| Other nonoperating income (expense) | (56) | (299) | (579) | (0) | 0 | 1 | ||
| Interest and debt expense | (2,316) | (1,328) | 160 | 0 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (13,190) | (15,355) | (9,968) | (40) | (33) | (40) | (63) | |
| Other undisclosed income from continuing operations before income taxes | 2,316 | 1,328 | ||||||
| Loss before gain (loss) on sale of properties: | (10,874) | (14,027) | (9,968) | (40) | (33) | (40) | (63) | |
| Other undisclosed net loss | (3) | (3) | (530) | (0) | (0) | (1) | ||
| Net loss available to common stockholders, diluted: | (10,877) | (14,030) | (10,498) | (40) | (33) | (40) | (64) | |
Comprehensive Income ($ in thousands)
| 12/31/2019 TTM | 3/31/2019 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (10,877) | (14,030) | (10,498) | (40) | (33) | (40) | (64) | |
| Comprehensive loss, net of tax, attributable to parent: | (10,877) | (14,030) | (10,498) | (40) | (33) | (40) | (64) | |
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.