Kips Bay Medical Inc (KIPS) financial statements (2021 and earlier)

Company profile

Business Address 3405 ANNAPOLIS LANE
MINNEAPOLIS, MN 55447
State of Incorp. DE
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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:3,6005,00010,350
Cash and cash equivalents3,1382,3169,403
Short-term investments4572,684947
Other undisclosed cash, cash equivalents, and short-term investments5  
Receivables82831
Inventory, net of allowances, customer advances and progress billings673793915
Inventory673793915
Prepaid expense and other current assets103
Other undisclosed current assets10488 
Total current assets:4,3855,90911,399
Noncurrent Assets
Property, plant and equipment353400457
Total noncurrent assets:353400457
TOTAL ASSETS:4,7386,30911,856
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities469455788
Accounts payable78141333
Accrued liabilities355314455
Employee-related liabilities36  
Other undisclosed current liabilities(36)  
Total current liabilities:433455788
Noncurrent Liabilities
Total liabilities:433455788
Stockholders' equity
Stockholders' equity attributable to parent4,3055,85411,068
Common stock330270263
Additional paid in capital45,49241,49440,655
Accumulated deficit(41,517)(35,910)(29,850)
Total stockholders' equity:4,3055,85411,068
TOTAL LIABILITIES AND EQUITY:4,7386,30911,856

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
84130226
Cost of revenue
(Cost of Goods and Services Sold)
(44)(63)(98)
Gross profit:4067128
Operating expenses(5,653)(6,143)(5,650)
Operating loss:(5,613)(6,076)(5,522)
Nonoperating expense
(Investment Income, Nonoperating)
(14)(58)(64)
Other undisclosed income from continuing operations before equity method investments, income taxes  79
Net loss attributable to parent:(5,627)(6,134)(5,507)
Other undisclosed net income available to common stockholders, basic2074 
Net loss available to common stockholders, diluted:(5,607)(6,060)(5,507)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net loss:(5,627)(6,134)(5,507)
Comprehensive loss:(5,627)(6,134)(5,507)
Other undisclosed comprehensive income, net of tax, attributable to parent20743
Comprehensive loss, net of tax, attributable to parent:(5,607)(6,060)(5,504)

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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