INVO BioScience, Inc. (IVOB) financial statements (2021 and earlier)

Company profile

Business Address 5582 BROADCAST COURT
SARASOTA, FL 34240
State of Incorp. NV
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,0981,23921226152492
Cash and cash equivalents10,0981,23921226152492
Receivables2282268731
Inventory, net of allowances, customer advances and progress billings26510144598565
Inventory26510144598565
Prepaid expense  2496311 
Other undisclosed current assets158196    
Total current assets:10,5431,543731234251559
Noncurrent Assets
Property, plant and equipment13293341616 
Other noncurrent assets27315912161921
Total noncurrent assets:40525246323521
TOTAL ASSETS:10,9471,795777266286580
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8577653,0874,9164,5514,116
Accounts payable3293725729619751,026
Employee-related liabilities5273932,5153,9553,5763,090
Taxes payable11    
Deferred revenue714714
Debt15821132 1010
Due to related parties65 9211211211
Contract with customer, liability19
Other undisclosed current liabilities494 255   
Total current liabilities:2,2881,5013,5025,1274,7724,337
Noncurrent Liabilities
Long-term debt and lease obligation59407 132132 
Long-term debt, excluding current maturities 326 132132 
Operating lease, liability5981
Liabilities, other than long-term debt2,8583,600    
Deferred revenue2,8573,571
Deferred income tax liabilities0 
Due to related parties 29    
Other undisclosed noncurrent liabilities 0    
Total noncurrent liabilities:2,9164,008 132132 
Total liabilities:5,2045,5093,5025,2594,9044,337
Stockholders' equity
Stockholders' equity attributable to parent5,743(3,714)(2,724)(4,992)(4,618)(3,757)
Common stock11615141414
Additional paid in capital37,97820,16018,98213,63913,31112,048
Accumulated deficit(32,236)(23,889)(21,721)(18,645)(17,943)(15,819)
Total stockholders' equity:5,743(3,714)(2,724)(4,992)(4,618)(3,757)
TOTAL LIABILITIES AND EQUITY:10,9471,795777266286580

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,0371,4804942825112
Cost of revenue(89)(140)(90)(52)(15)(8)
Cost of goods and services sold(79)  (52)(15)(8)
Gross profit:9491,341404230364
Operating expenses(6,463)(3,129)(3,038)(871)(2,146)(599)
Operating loss:(5,515)(1,788)(2,634)(640)(2,110)(595)
Nonoperating expense(2,832)(379)(442)(62)(14) 
Debt instrument, convertible, beneficial conversion feature  895   
Other nonoperating expense   (62)(14) 
Interest and debt expense(2,837)(94)(442)(41)(14)(4,332)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes2,837944424114(32)
Loss from continuing operations before income taxes:(8,347)(2,167)(3,076)(702)(2,124)(4,959)
Income tax expense(0)(0) (1,680)  
Net loss:(8,347)(2,168)(3,076)(2,382)(2,124)(4,959)
Other undisclosed net income attributable to parent   1,680  
Net loss available to common stockholders, diluted:(8,347)(2,168)(3,076)(702)(2,124)(4,959)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(8,347)(2,168)(3,076)(2,382)(2,124)(4,959)
Comprehensive loss, net of tax, attributable to parent:(8,347)(2,168)(3,076)(2,382)(2,124)(4,959)

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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