Modular Medical, Inc. (MODD) financial statements (2021 and earlier)

Company profile

Business Address 16772 WEST BERNARDO DRIVE
SAN DIEGO, CA 92127
State of Incorp. NV
Fiscal Year End March 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
6/30/2017
6/30/2016
6/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5973,1226,5544,2971,372  
Cash and cash equivalents5973,1226,5544,2971,372  
Prepaid expense      3
Other current assets48 1617   
Other undisclosed current assets 64     
Total current assets:6453,1866,5694,3131,372 3
Noncurrent Assets
Operating lease, right-of-use asset218271
Property, plant and equipment3293017613   
Intangible assets, net (including goodwill)  00   
Intangible assets, net (excluding goodwill)  00   
Other undisclosed noncurrent assets10010088   
Total noncurrent assets:6476728421   
TOTAL ASSETS:1,2923,8596,6534,3341,372 3
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:20736717915746345
Accounts payable207      
Accrued liabilities    74  
Employee-related liabilities 173     
Interest and dividends payable     6345
Other undisclosed accounts payable and accrued liabilities 19517915   
Debt184      
Due to related parties 6 1 131120
Other undisclosed current liabilities429289     
Total current liabilities:8216611791574194165
Noncurrent Liabilities
Long-term debt and lease obligation401179     
Long-term debt, excluding current maturities184      
Operating lease, liability217179
Liabilities, other than long-term debt70140     
Other liabilities70140     
Total noncurrent liabilities:471319     
Total liabilities:1,2929801791574194165
Stockholders' equity
Stockholders' equity attributable to parent, including:(1)2,8786,4744,3191,298(194)(163)
Common stock19181816411
Common stock, share subscribed but unissued, subscriptions receivable 92420    
Additional paid in capital14,15510,5069,6855,0123068383
Accumulated deficit(14,174)(8,569)(3,248)(709)(384)(278)(247)
Other undisclosed stockholders' equity attributable to parent    1,372  
Total stockholders' equity:(1)2,8786,4744,3191,298(194)(163)
TOTAL LIABILITIES AND EQUITY:1,2923,8596,6534,3341,372 3

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

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
6/30/2017
6/30/2016
6/30/2015
Operating expenses(9,397)(5,348)(2,577)(666)(91)(13)(16)
Operating loss:(9,397)(5,348)(2,577)(666)(91)(13)(16)
Nonoperating income (expense)0    (18)(15)
Investment income, nonoperating0      
Other nonoperating expense     (18)(15)
Interest and debt expense    (16)(18)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes(22)      
Loss from continuing operations before equity method investments, income taxes:(9,419)(5,348)(2,577)(666)(107)(49)(46)
Other undisclosed income from continuing operations before income taxes2929399 1815
Loss from continuing operations before income taxes:(9,391)(5,319)(2,538)(658)(107)(31)(31)
Income tax expense(2)(2)(2)(2)  (79)
Other undisclosed loss from continuing operations(2)      
Net loss:(9,394)(5,321)(2,539)(659)(107)(31)(110)
Other undisclosed net income attributable to parent      79
Net loss available to common stockholders, diluted:(9,394)(5,321)(2,539)(659)(107)(31)(31)

Comprehensive Income ($ in thousands)

12/31/2020
TTM
3/31/2020
3/31/2019
3/31/2018
6/30/2017
6/30/2016
6/30/2015
Net loss:(9,394)(5,321)(2,539)(659)(107)(31)(110)
Comprehensive loss, net of tax, attributable to parent:(9,394)(5,321)(2,539)(659)(107)(31)(110)

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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