Minim, Inc. (MINM) financial statements (2022 and earlier)

Company profile

Business Address 848 ELM STREET
MANCHESTER, NH 03101
State of Incorp. DE
Fiscal Year End December 31
SIC 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,5707721,2171262291801,847
Cash and cash equivalents12,5707721,2171262291801,847
Receivables4,8819,2034,0712,7612,2302,4981,079
Inventory, net of allowances, customer advances and progress billings32,50316,5057,4407,9285,2024,9272,785
Inventory32,50316,5057,4407,9285,2024,9272,785
Deposits current assets  2    
Other undisclosed current assets1,0881,199418919578652381
Total current assets:51,04227,67913,14811,7338,2398,2576,092
Noncurrent Assets
Operating lease, right-of-use asset24287103
Property, plant and equipment763455303261162176205
Intangible assets, net (including goodwill)322448     
Goodwill5959     
Intangible assets, net (excluding goodwill)263389     
Other noncurrent assets545942349222392589573
Total noncurrent assets:1,8711,932755484553765778
TOTAL ASSETS:52,91329,61113,90312,2168,7939,0226,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,73819,2107,6916,5995,5313,5541,716
Accounts payable12,45811,7455,0254,3693,5272,5021,424
Accrued liabilities5,2807,4652,6662,0101,1731,052293
Taxes payable   219831  
Deferred revenue291  
Debt5,0992,507103    
Other liabilities   289   
Other undisclosed current liabilities14366 1,452901,307 
Total current liabilities:23,27221,7837,7948,3405,6214,8611,716
Noncurrent Liabilities
Long-term debt and lease obligation9937     
Long-term debt, excluding current maturities 15     
Operating lease, liability9922 
Liabilities, other than long-term debt443      
Deferred revenue443  
Other undisclosed noncurrent liabilities (22)     
Total noncurrent liabilities:54237     
Total liabilities:23,81521,8207,7948,3405,6214,8611,716
Stockholders' equity
Stockholders' equity attributable to parent29,0987,7906,1093,8763,1724,1615,154
Common stock459351209161153147135
Additional paid in capital89,31364,52746,49641,03640,26539,89437,965
Accumulated deficit(60,674)(57,087)(40,597)(37,321)(37,247)(35,880)(32,946)
Total stockholders' equity:29,0987,7906,1093,8763,1724,1615,154
TOTAL LIABILITIES AND EQUITY:52,91329,61113,90312,2168,7939,0226,870

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues55,42347,98937,61432,32329,41817,83410,790
Revenue, net29,41817,83410,790
Cost of revenue(37,893)(34,382)(26,709)(20,679)(19,177)(12,467)(7,388)
Cost of goods and services sold(119) (19)78(19,177)(12,467)(7,388)
Gross profit:17,53013,60610,90611,64410,2415,3673,402
Operating expenses(20,846)(18,426)(14,127)(11,592)(11,454)(8,252)(4,143)
Operating income (loss):(3,317)(4,820)(3,221)53(1,212)(2,884)(740)
Nonoperating income (expense)(206)989(30)(101)(140)(42)(86)
Investment income, nonoperating441140000
Other nonoperating income (expense)0(21)5(23)(41)13(14)
Interest and debt expense201,057(48)(78)(99)(54)(72)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1,057)4878995472
Loss from continuing operations before equity method investments, income taxes:(3,503)(3,832)(3,251)(48)(1,352)(2,926)(826)
Other undisclosed loss from continuing operations before income taxes(20)      
Loss from continuing operations before income taxes:(3,523)(3,832)(3,251)(48)(1,352)(2,926)(826)
Income tax expense(64)(27)(25)(26)(15)(7)(7)
Net loss available to common stockholders, diluted:(3,587)(3,858)(3,276)(74)(1,367)(2,933)(833)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(3,587)(3,858)(3,276)(74)(1,367)(2,933)(833)
Comprehensive loss, net of tax, attributable to parent:(3,587)(3,858)(3,276)(74)(1,367)(2,933)(833)

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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