MobileSmith, Inc. (MOST) Financial Statements (2024 and earlier)

Company Profile

Business Address 5400 TRINITY RD
RALEIGH, NC 27607
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 5751627126758548
Cash and cash equivalents 5751627126758548
Receivables 81114109271260273
Prepaid expense  43751267265
Other undisclosed current assets 50189243240120117
Total current assets: 7075085009045111,002
Noncurrent Assets
Operating lease, right-of-use asset 342512674
Property, plant and equipment   294572104
Intangible assets, net (including goodwill)     2038
Intangible assets, net (excluding goodwill)     2038
Other undisclosed noncurrent assets   564170275
Total noncurrent assets: 342512709109261417
TOTAL ASSETS: 1,0491,0201,2091,0137731,419
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1024282,0772,0301,193693
Interest and dividends payable 182721,8351,585866455
Accounts payable 8415624216712644
Accrued liabilities    279202194
Deferred revenue 4646501,051
Debt 5,000423 233537
Deferred revenue and credits1,3891,405
Due to related parties   3,518 37,101 
Contract with customer, liability1,477
Other liabilities 157238264   
Other undisclosed current liabilities 15016244,991 5,681 
Total current liabilities: 5,8721,90051,9013,53045,3992,135
Noncurrent Liabilities
Long-term debt and lease obligation 2831,52359461729744
Long-term debt, excluding current maturities  1,091 611 681
Capital lease obligations62964
Liabilities, other than long-term debt   282622642
Deferred revenue and credits2642
Deferred revenue   28
Contract with customer, liability226
Deferred rent credit    35
Operating lease, liability 283432594
Other undisclosed noncurrent liabilities (283)4,568 41,265 44,656
Total noncurrent liabilities: 2836,52362242,1445545,442
Total liabilities: 6,1558,42352,52345,67345,45447,577
Equity
Equity, attributable to parent (5,106)(7,403)(51,314)(44,660)(44,681)(46,158)
Preferred stock 127,162103,649    
Common stock 282828282520
Additional paid in capital 123,016130,103118,432114,083105,79698,245
Accumulated deficit (255,312)(241,184)(169,774)(158,771)(150,502)(144,423)
Total equity: (5,106)(7,403)(51,314)(44,660)(44,681)(46,158)
TOTAL LIABILITIES AND EQUITY: 1,0491,0201,2091,0137731,419

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

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 1,5732,1972,8022,3233,4531,866
Revenue, net3,4531,866
Cost of revenue (752)(834)(1,069)(804)(610)(572)
Cost of goods and services sold (1,573)   (610)(572)
Gross profit: 8211,3631,7331,5192,8431,294
Operating expenses (8,639)(7,474)(7,846)(5,720)(4,461)(4,230)
Operating loss: (7,817)(6,111)(6,113)(4,201)(1,618)(2,936)
Nonoperating expense (6,311)(65,299)(4,892)(4,134)(4,461)(4,566)
Interest and debt expense 7,114(65,394)(4,894)(4,138)(4,463)(4,733)
Loss from continuing operations: (7,014)(136,804)(15,900)(12,473)(10,542)(12,234)
Loss before gain (loss) on sale of properties:(7,014)(136,804)(15,900)(12,473)(10,542)(12,234)
Other undisclosed net income  65,3944,8944,1384,4634,733
Net loss: (7,014)(71,410)(11,006)(8,335)(6,079)(7,502)
Other undisclosed net loss attributable to parent (7,114)     
Net loss attributable to parent: (14,128)(71,410)(11,006)(8,335)(6,079)(7,502)
Preferred stock dividends and other adjustments  (37,438)    
Other undisclosed net loss available to common stockholders, basic (20,347)     
Net loss available to common stockholders, basic: (34,475)(108,848)(11,006)(8,335)(6,079)(7,502)
Convertible preferred dividends 103,299     
Net income (loss) available to common stockholders, diluted: 68,825(108,848)(11,006)(8,335)(6,079)(7,502)

Comprehensive Income ($ in thousands)

6/30/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (7,014)(71,410)(11,006)(8,335)(6,079)(7,502)
Comprehensive loss, net of tax, attributable to parent: (7,014)(71,410)(11,006)(8,335)(6,079)(7,502)

Statements Sources

The financial statements are based on the Company's filings with 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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