MICT, Inc. (MICT) financial statements (2020 and earlier)

Company profile

Business Address 28 WEST GRAND AVENUE, SUITE 3
MONTVALE, NJ 07645
State of Incorp. DE
Fiscal Year End December 31
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1542,1742,1143,6468,00414,99819,794
Cash and cash equivalents3,1542,1742,1146682,3618,59212,825
Short-term investments   2,9785,6436,4066,969
Receivables(116)1,0105,18316,36316,85317,95217,767
Inventory, net of allowances, customer advances and progress billings 4,3454,9795,7587,4576,6584,324
Inventory 4,3454,9795,7587,4576,6584,324
Prepaid expense 164751128311186211
Derivative instruments and hedges, assets      460
Assets held-in-trust  11,656   
Other current assets9374664126512474456
Other undisclosed current assets442129561328397(3,211)(3,802)
Total current assets:4,4177,86825,30826,34933,53437,05739,210
Noncurrent Assets
Property, plant and equipment296619101,6411,8161,9482,440
Long-term investments and receivables994      
Long-term investments994      
Intangible assets, net (including goodwill) 4342,9603,8474,7635,8821,076
Goodwill  1,4661,4661,4661,466 
Intangible assets, net (excluding goodwill) 4341,4942,3813,2974,4161,076
Deposits noncurrent assets 70312863046103
Deferred tax assets, net 542    
Other undisclosed noncurrent assets477477     
Total noncurrent assets:1,5002,2754,4245,5746,6097,8763,619
TOTAL ASSETS:5,91710,14329,73231,92340,14344,93342,829
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,5313,9734,1305,7107,5884,361
Accrued liabilities 4427206507055561,266
Taxes payable   409345385496
Other undisclosed accounts payable and accrued liabilities 1,0893,2533,0714,6606,6472,599
Debt 3,2824,42010,94112,04910,4165,058
Due to related parties 4426501,1881,1881,267 
Disposal group, including discontinued operation  11,200    
Other liabilities290239244136246411288
Other undisclosed current liabilities 3,0581,7593,2251,0509413,067
Total current liabilities:2908,55222,24619,62020,24320,62312,774
Noncurrent Liabilities
Long-term debt and lease obligation1,856 631 2,3753,9753,239
Long-term debt, excluding current maturities1,856 631 2,3533,9193,130
Capital lease obligations   2256109
Liabilities, other than long-term debt50110133575229 
Accounts payable and accrued liabilities50110133575229 
Other undisclosed noncurrent liabilities4774777481,28817571,218
Total noncurrent liabilities:2,3835871,5121,3452,4444,0614,457
Other undisclosed liabilities     6,1297,727
Total liabilities:2,6739,13923,75820,96522,68730,81324,958
Stockholders' equity
Stockholders' equity attributable to parent, including:3,244(960)3796,77511,43920,24925,598
Preferred stock2      
Common stock11986666
Additional paid in capital14,10711,90510,8818,7487,8127,5058,053
Accumulated other comprehensive income (loss)70(117)(363)11(196)3251,389
Retained earnings (accumulated deficit)(16,974)(12,757)(10,147)(1,990)3,8176,2848,423
Other undisclosed stockholders' equity attributable to parent6,028    6,1297,727
Stockholders' equity attributable to noncontrolling interest 1,9645,5954,1836,0176,1297,727
Other undisclosed stockholders' equity     (12,258)(15,454)
Total stockholders' equity:3,2441,0045,97410,95817,45614,12017,871
TOTAL LIABILITIES AND EQUITY:5,91710,14329,73231,92340,14344,93342,829

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues47714,16218,36622,74823,58734,23835,571
Revenue, net  23,58734,23835,571
Cost of revenue(846)(10,652)(14,094)(18,598)(16,284)(24,180)(22,298)
Cost of goods and services sold   (953)(16,284)(24,180)(22,298)
Gross profit:(369)3,5104,2724,1507,30310,05813,273
Operating expenses(3,500)(12,597)(8,941)(11,120)(9,824)(11,894)(8,681)
Operating income (loss):(3,869)(9,087)(4,669)(6,970)(2,521)(1,836)4,592
Nonoperating expense
(Other Nonoperating expense)
      (2)
Interest and debt expense (334)  (610)  
Income (loss) from continuing operations before equity method investments, income taxes:(3,869)(9,421)(4,669)(6,970)(3,131)(1,836)4,590
Other undisclosed loss from continuing operations before income taxes(884)(933)(401)(672) (296)(2,293)
Income (loss) from continuing operations before income taxes:(4,753)(10,354)(5,070)(7,642)(3,131)(2,132)2,297
Income tax expense (benefit)(17)(606)1012981(242)(496)
Income (loss) before gain (loss) on sale of properties:(4,770)(10,960)(5,060)(7,513)(3,050)(2,374)1,801
Other undisclosed net income (loss) 4,894(4,901)    
Net income (loss):(4,770)(6,066)(9,961)(7,513)(3,050)(2,374)1,801
Net income (loss) attributable to noncontrolling interest    583235(2,296)
Other undisclosed net income attributable to parent5533,4561,8041,706   
Net loss available to common stockholders, diluted:(4,217)(2,610)(8,157)(5,807)(2,467)(2,139)(495)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(4,770)(6,066)(9,961)(7,513)(3,050)(2,374)1,801
Other comprehensive loss(70)   (3,077)(4,028) 
Comprehensive income (loss):(4,840)(6,066)(9,961)(7,513)(6,127)(6,402)1,801
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4633,6311,0621,834672(590)5,178
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(469)(3,766)(844)(1,755) 3,532(3,436)
Comprehensive income (loss), net of tax, attributable to parent:(4,846)(6,201)(9,743)(7,434)(5,455)(3,460)3,543

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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