Akerna Corp. (KERN) financial statements (2022 and earlier)

Company profile

Business Address 1550 LARIMER STREET, SUITE 246
DENVER, CO 80202
State of Incorp.
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments13,93424,15621,867
Cash and cash equivalents13,93424,15621,867
Restricted cash and investments508  
Prepaid expense2,3841,215578
Other undisclosed current assets 500500
Total current assets:18,23027,73324,523
Noncurrent Assets
Property, plant and equipment153131 
Long-term investments and receivables226  
Long-term investments226  
Intangible assets, net (including goodwill)68,55227,748 
Intangible assets, net (excluding goodwill)21,6107,494 
Other noncurrent assets1042 
Other undisclosed noncurrent assets7,3122,876 
Total noncurrent assets:76,25330,797 
TOTAL ASSETS:94,48358,53024,523
Current Liabilities
Accounts payable and accrued liabilities, including:6,0644,8622,033
Accounts payable1,9431,4441,318
Accrued liabilities6662,316501
Employee-related liabilities1,123388215
Taxes payable36060 
Settlement liabilities681  
Other undisclosed accounts payable and accrued liabilities1,289654 
Deferred revenue3,544369
Derivative instruments and hedges, liabilities63  
Business combination, contingent consideration, liability6,300  
Other undisclosed current liabilities 389409
Total current liabilities:29,17111,7552,443
Noncurrent Liabilities
Long-term debt and lease obligation4,1052,040 
Long-term debt, excluding current maturities4,1052,040 
Liabilities, other than long-term debt1,258  
Deferred revenue583 
Derivative instruments and hedges, liabilities675  
Other undisclosed noncurrent liabilities 8,160 
Total noncurrent liabilities:5,36310,200 
Total liabilities:34,53321,9552,443
Stockholders' equity
Stockholders' equity attributable to parent, including:59,95031,87022,080
Common stock311
Additional paid in capital146,02772,90747,325
Accumulated other comprehensive income6263 
Accumulated deficit(88,508)(41,101)(25,246)
Other undisclosed stockholders' equity attributable to parent2,366  
Stockholders' equity attributable to noncontrolling interest 4,704 
Total stockholders' equity:59,95036,57422,080

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

Cost of revenue(8,119)(6,210)(4,634)
Gross profit:12,5656,3646,286
Operating expenses(45,921)(23,635)(18,702)
Operating loss:(33,355)(17,272)(12,416)
Nonoperating income (expense)(228)922109
Other nonoperating income (expense)186(0)18
Interest and debt expense186(1,177)91
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(186)1,177 
Loss from continuing operations before equity method investments, income taxes:(33,583)(16,349)(12,215)
Loss from equity method investments(8)(4) 
Loss from continuing operations before income taxes:(33,591)(16,353)(12,215)
Income tax expense (benefit)2,262(31) 
Loss before gain (loss) on sale of properties:(31,329)(16,384)(12,215)
Other undisclosed net loss  (91)
Net loss:(31,329)(16,384)(12,307)
Net income attributable to noncontrolling interest 850 
Net loss available to common stockholders, diluted:(31,329)(15,534)(12,307)

Comprehensive Income ($ in thousands)

Net loss:(31,329)(16,384)(12,307)
Other undisclosed comprehensive income15363 
Comprehensive loss:(31,176)(16,321)(12,307)
Comprehensive income, net of tax, attributable to noncontrolling interest 850 
Comprehensive loss, net of tax, attributable to parent:(31,176)(15,471)(12,307)

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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