ModSys International Ltd. (MDSYF) financial statements (2022 and earlier)

Company profile

Business Address 6600 LBJ FREEWAY
DALLAS, TX 75240
State of Incorp.
Fiscal Year End December 31
SIC 7371 - Computer Programming 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 investments4101,4794572,592
Cash and cash equivalents4101,4794492,592
Short-term investments  8 
Restricted cash and investments25448 
Prepaid expense  105114
Regulatory current assets  52101
Deposits current assets  1924
Other current assets237120176239
Other undisclosed current assets  (2,684)(1,404)
Total current assets:3,2073,6233,1124,826
Noncurrent Assets
Property, plant and equipment33246321287
Intangible assets, net (including goodwill)16,51828,97831,39012,501
Intangible assets, net (excluding goodwill)2,3613,1755,587 
Total noncurrent assets:16,55129,22431,71112,788
TOTAL ASSETS:19,75832,84734,82317,614
Current Liabilities
Accounts payable and accrued liabilities1,1551,0041,6821,631
Accounts payable1,1551,0041,230886
Employee-related liabilities  452745
Debt 2,7021,229 
Postemployment benefits liability (323)447773
Deferred revenue and credits324925546719
Other liabilities915959989902
Other undisclosed current liabilities785357(859)(1,478)
Total current liabilities:3,1795,6244,0342,547
Noncurrent Liabilities
Long-term debt and lease obligation2,022288114162
Long-term debt, excluding current maturities2,022288114162
Liabilities, other than long-term debt256262269601
Postemployment benefits liability290
Liability, pension and other postretirement and postemployment benefits238232229
Other liabilities183040 
Derivative instruments and hedges, liabilities   311
Total noncurrent liabilities:2,278550383763
Total liabilities:5,4576,1744,4173,310
Stockholders' equity
Stockholders' equity attributable to parent, including:15,50227,09530,40113,972
Preferred stock1,2471,164  
Common stock173172170105
Treasury stock, value(1,821)(1,821)(1,821)(2,084)
Additional paid in capital155,468154,882153,208133,712
Accumulated other comprehensive loss(1,537)(1,537)(1,537)(1,537)
Accumulated deficit(138,028)(125,765)(119,619)(116,224)
Warrants and rights outstanding   311
Other undisclosed stockholders' equity attributable to parent   (311)
Stockholders' equity attributable to noncontrolling interest(1,201)(422)5332
Total stockholders' equity:14,30126,67330,40614,304
TOTAL LIABILITIES AND EQUITY:19,75832,84734,82317,614

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

(Revenue, Net)
Cost of revenue
(Cost of Goods and Services Sold)
Gross profit:6,1243,7743,1644,048
Operating expenses(18,776)(8,758)(7,680)(8,373)
Other undisclosed operating income  7041,346
Operating loss:(12,652)(4,984)(3,812)(2,979)
Interest and debt expense(147)(156)(40)(54)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(165)(961)155(60)
Loss from continuing operations before income taxes:(12,964)(6,101)(3,697)(3,093)
Income tax expense(22)(41)(25)(297)
Loss before gain (loss) on sale of properties:(12,986)(6,142)(3,722)(3,390)
Other undisclosed net loss   (399)
Net loss:(12,986)(6,142)(3,722)(3,789)
Net income (loss) attributable to noncontrolling interest806328327(243)
Net loss attributable to parent:(12,180)(5,814)(3,395)(4,032)
Other undisclosed net loss available to common stockholders, basic(83)   
Net loss available to common stockholders, diluted:(12,263)(5,814)(3,395)(4,032)

Comprehensive Income ($ in thousands)

Net loss:(12,986)(6,142)(3,722)(3,789)
Other comprehensive income (loss)(165)225 
Other undisclosed comprehensive income (loss)165(22)322(243)
Comprehensive loss:(12,986)(6,142)(3,395)(4,032)
Comprehensive income, net of tax, attributable to noncontrolling interest806328327243
Other undisclosed comprehensive loss, net of tax, attributable to parent  (327)(243)
Comprehensive loss, net of tax, attributable to parent:(12,180)(5,814)(3,395)(4,032)

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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