MULTIBAND CORP (MBND) financial statements (2021 and earlier)

Company profile

Business Address 9449 SCIENCE CENTER DR
NEW HOPE, MN 55428
State of Incorp. MN
Fiscal Year End December 31
SIC 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments18
Cash and cash equivalents18
Inventory, net of allowances, customer advances and progress billings11
Prepaid expense and other current assets1
Income taxes receivable1
Costs in excess of billings2
Deferred tax assets7
Total current assets:60
Noncurrent Assets
Property, plant and equipment12
Intangible assets, net (including goodwill)49
Intangible assets, net (excluding goodwill)11
Restricted cash and investments2
Prepaid expense and other noncurrent assets2
Deferred tax assets, net5
Other undisclosed noncurrent assets11
Total noncurrent assets:81
Current Liabilities
Accounts payable and accrued liabilities45
Accounts payable24
Accrued liabilities21
Due to related parties1
Deferred revenue and credits0
Billings in excess of cost0
Total current liabilities:65
Noncurrent Liabilities
Long-term debt and lease obligation22
Long-term debt, excluding current maturities20
Capital lease obligations2
Other undisclosed noncurrent liabilities7
Total noncurrent liabilities:29
Total liabilities:94
Stockholders' equity
Stockholders' equity attributable to parent, including:47
Common stock117
Accumulated deficit(73)
Other undisclosed stockholders' equity attributable to parent3
Total stockholders' equity:47

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

(Revenue, Net)
Cost of revenue(228)
Cost of goods and services sold(225)
Gross profit:78
Operating expenses(75)
Operating income:3
Nonoperating expense(0)
Investment income, nonoperating(0)
Other nonoperating income0
Interest and debt expense(4)
Loss from continuing operations before equity method investments, income taxes:(1)
Other undisclosed loss from continuing operations before income taxes(0)
Loss from continuing operations before income taxes:(1)
Income tax benefit4
Net income attributable to parent:3
Preferred stock dividends and other adjustments(0)
Net income available to common stockholders, diluted:2

Comprehensive Income ($ in millions)

Net income:3
Comprehensive income, net of tax, attributable to parent:3

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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