iWallet Corporation (IWAL) financial statements (2020 and earlier)

Company profile

Business Address 7394 TRADE STREET
SAN DIEGO, CA 92121
State of Incorp. NV
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments466 2
Cash and cash equivalents466 2
Receivables8  
Inventory, net of allowances, customer advances and progress billings139
Inventory139  
Deferred costs212  
Funds held for clients20  
Intangible current assets116
Other undisclosed current assets(2)  
Total current assets:959 2
Noncurrent Assets
Other undisclosed noncurrent assets116  
Total noncurrent assets:116  
TOTAL ASSETS:1,075 2
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities281  
Accounts payable235  
Accrued liabilities46  
Debt4  
Due to related parties342 
Other liabilities41  
Other undisclosed current liabilities0130120
Total current liabilities:330172120
Noncurrent Liabilities
Long-term debt and lease obligation14  
Long-term debt, excluding current maturities14  
Other undisclosed noncurrent liabilities  30
Total noncurrent liabilities:14 30
Total liabilities:344172150
Stockholders' equity
Stockholders' equity attributable to parent, including:731(177)(148)
Common stock3466
Additional paid in capital3,3413232
Accumulated deficit(2,647)(211) 
Other undisclosed stockholders' equity attributable to parent3(5)(187)
Total stockholders' equity:731(177)(148)
TOTAL LIABILITIES AND EQUITY:1,075(5)2

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

12/31/2014
6/30/2014
6/30/2013
Revenues155  
Cost of revenue(119)  
Cost of goods and services sold(144)  
Financial services costs25  
Other undisclosed gross profit(3)  
Gross profit:33  
Operating expenses(2,457)(22)(48)
Operating loss:(2,424)(22)(48)
Nonoperating income
(Debt Instrument, Convertible, Beneficial Conversion Feature)
290  
Interest and debt expense (2)1
Net loss:(2,134)(24)(47)
Other undisclosed net loss attributable to parent(290)(0)(3)
Net loss available to common stockholders, diluted:(2,424)(24)(49)

Comprehensive Income ($ in thousands)

12/31/2014
6/30/2014
6/30/2013
Net loss:(2,134)(24)(47)
Comprehensive loss, net of tax, attributable to parent:(2,134)(24)(47)

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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