LOGIQ, INC. (LGIQ) financial statements (2022 and earlier)

Company profile

Business Address 85 BROAD STREET, 16-079
NEW YORK, NY 10004
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 3,4792,9737311,0561,004
Cash and cash equivalents 3,4792,9737311,0561,004
Restricted cash and investments 11    
Receivables  2,826862  
Assets held-in-trust 5942,730   
Deposits current assets   3,1823,259828
Deferred tax assets  229
Other undisclosed current assets 8,8632,191   
Total current assets: 12,94710,7204,7754,3152,062
Noncurrent Assets
Property, plant and equipment 179  1,764 
Intangible assets, net (including goodwill) 16,815612 9871,334
Goodwill 5,078    
Intangible assets, net (excluding goodwill) 11,737612 9871,334
Deferred costs   714  
Other undisclosed noncurrent assets    (1,769) 
Total noncurrent assets: 16,9936127149821,334
TOTAL ASSETS: 29,94011,3325,4895,2973,396
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,210 2828652
Accounts payable 1,009 1818652
Accrued liabilities 200 1010 
Deferred revenue 47 
Debt 2,911    
Due to related parties 787878  
Other undisclosed current liabilities 1,2752982732,018192
Total current liabilities: 5,5203763792,047844
Noncurrent Liabilities
Long-term debt and lease obligation 517    
Long-term debt, excluding current maturities 517    
Other undisclosed noncurrent liabilities  500   
Total noncurrent liabilities: 517500   
Total liabilities: 6,0378763792,047844
Stockholders' equity
Stockholders' equity attributable to parent, including: 23,90410,4565,1093,2512,552
Common stock 211422
Additional paid in capital 66,74058,05846,17840,22239,449
Accumulated deficit (62,123)(47,614)(41,072)(36,973)(36,899)
Other undisclosed stockholders' equity attributable to parent 19,285    
Total stockholders' equity: 23,90410,4565,1093,2512,552
TOTAL LIABILITIES AND EQUITY: 29,94011,3325,4895,2973,396

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 37,91034,64922,66715,57812,942
Revenue, net15,57812,942
Cost of revenue (31,547)(28,412)(18,644)(11,268)(7,818)
Cost of goods and services sold    (11,268)(7,818)
Other undisclosed gross profit   (0)  
Gross profit: 6,3636,2374,0234,3105,124
Operating expenses (20,629)(12,823)(7,922)(4,179)(4,968)
Other undisclosed operating income  72024181
Operating income (loss): (14,266)(6,514)(3,899)155337
Nonoperating expense
(Other Nonoperating expense)
 (244)    
Income (loss) from continuing operations before income taxes: (14,510)(6,514)(3,899)155337
Income tax expense (benefit)  (28) (229)459
Net income (loss): (14,510)(6,542)(3,899)(74)796
Other undisclosed net loss attributable to parent   (200)  
Net income (loss) available to common stockholders, diluted: (14,510)(6,542)(4,099)(74)796

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (14,510)(6,542)(3,899)(74)796
Comprehensive income (loss), net of tax, attributable to parent: (14,510)(6,542)(3,899)(74)796

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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