Modular Medical, Inc. (MODD) financial statements (2022 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)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2041,4683,1226,5544,2971,372 
Cash and cash equivalents2041,4683,1226,5544,2971,372 
Prepaid expense64      
Other current assets12 1617  
Other undisclosed current assets 17864    
Total current assets:2691,6493,1866,5694,3131,372 
Noncurrent Assets
Operating lease, right-of-use asset142200271
Property, plant and equipment2412993017613  
Intangible assets, net (including goodwill)   00  
Intangible assets, net (excluding goodwill)   00  
Other undisclosed noncurrent assets10010010088  
Total noncurrent assets:4835996728421  
TOTAL ASSETS:7522,2483,8596,6534,3341,372 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:671169367179157463
Accrued liabilities     74 
Employee-related liabilities  173    
Interest and dividends payable      63
Other undisclosed accounts payable and accrued liabilities67116919517915  
Debt5,486369     
Due to related parties 66 1 131
Other undisclosed current liabilities2,7642,753289    
Total current liabilities:8,9213,2976611791574194
Noncurrent Liabilities
Long-term debt and lease obligation77184179    
Operating lease, liability77184179
Liabilities, other than long-term debt 42140    
Other liabilities 42140    
Other undisclosed noncurrent liabilities(77)      
Total noncurrent liabilities:77226319    
Total liabilities:8,9983,5239801791574194
Stockholders' equity
Stockholders' equity attributable to parent, including:(8,247)(1,275)2,8786,4744,3191,298(194)
Common stock61918181641
Common stock, share subscribed but unissued, subscriptions receivable  92420   
Additional paid in capital21,60214,65310,5069,6855,01230683
Accumulated deficit(30,005)(15,947)(8,569)(3,248)(709)(384)(278)
Other undisclosed stockholders' equity attributable to parent150    1,372 
Total stockholders' equity:(8,247)(1,275)2,8786,4744,3191,298(194)
TOTAL LIABILITIES AND EQUITY:7522,2483,8596,6534,3341,372 

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

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
6/30/2017
6/30/2016
Operating expenses(14,804)(7,337)(5,348)(2,577)(666)(91)(13)
Operating loss:(14,804)(7,337)(5,348)(2,577)(666)(91)(13)
Nonoperating expense
(Other Nonoperating expense)
      (18)
Interest and debt expense(3,526)40   (16)(18)
Other undisclosed income from continuing operations before equity method investments, income taxes12      
Loss from continuing operations before equity method investments, income taxes:(18,319)(7,297)(5,348)(2,577)(666)(107)(49)
Other undisclosed income (loss) from continuing operations before income taxes(79)(79)29399 18
Loss from continuing operations before income taxes:(18,398)(7,376)(5,319)(2,538)(658)(107)(31)
Income tax expense(2)(2)(2)(2)(2)  
Other undisclosed loss from continuing operations(2)      
Net loss:(18,402)(7,378)(5,321)(2,539)(659)(107)(31)
Other undisclosed net income attributable to parent369      
Net loss available to common stockholders, diluted:(18,033)(7,378)(5,321)(2,539)(659)(107)(31)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
3/31/2021
3/31/2020
3/31/2019
3/31/2018
6/30/2017
6/30/2016
Net loss:(18,402)(7,378)(5,321)(2,539)(659)(107)(31)
Comprehensive loss, net of tax, attributable to parent:(18,402)(7,378)(5,321)(2,539)(659)(107)(31)

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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