MobileSmith, Inc. (MOST) financial statements (2022 and earlier)

Company profile

Business Address 5400 TRINITY RD
RALEIGH, NC 27607
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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 investments5751627126758548580
Cash and cash equivalents5751627126758548580
Receivables81114109271260273183
Prepaid expense 4375126726570
Other undisclosed current assets50189243240120117125
Total current assets:7075085009045111,002958
Noncurrent Assets
Operating lease, right-of-use asset342512674
Property, plant and equipment  29457210499
Intangible assets, net (including goodwill)    203855
Intangible assets, net (excluding goodwill)    203855
Other noncurrent assets      6
Other undisclosed noncurrent assets  564170275391
Total noncurrent assets:342512709109261417551
TOTAL ASSETS:1,0491,0201,2091,0137731,4191,509
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1024282,0772,0301,193693644
Accounts payable841562421671264446
Accrued liabilities   279202194248
Interest and dividends payable182721,8351,585866455351
Deferred revenue4646501,051
Debt5,000423 23353731
Due to related parties  3,518 37,101 33,363
Deferred revenue and credits1,3891,4051,008
Contract with customer, liability1,477
Other liabilities157238264    
Other undisclosed current liabilities15016244,991 5,681 5,681
Total current liabilities:5,8721,90051,9013,53045,3992,13540,727
Noncurrent Liabilities
Long-term debt and lease obligation2831,5235946172974484
Long-term debt, excluding current maturities 1,091 611 681 
Capital lease obligations6296484
Operating lease, liability283432594
Liabilities, other than long-term debt  28262264254
Deferred revenue and credits264254
Deferred revenue  28
Contract with customer, liability226
Deferred rent credit   35
Other undisclosed noncurrent liabilities(283)4,568 41,265 44,656 
Total noncurrent liabilities:2836,52362242,1445545,442137
Total liabilities:6,1558,42352,52345,67345,45447,57740,865
Stockholders' equity
Stockholders' equity attributable to parent(5,106)(7,403)(51,314)(44,660)(44,681)(46,158)(39,356)
Preferred stock127,162103,649     
Common stock28282828252020
Additional paid in capital123,016130,103118,432114,083105,79698,24597,546
Accumulated deficit(255,312)(241,184)(169,774)(158,771)(150,502)(144,423)(136,921)
Total stockholders' equity:(5,106)(7,403)(51,314)(44,660)(44,681)(46,158)(39,356)
TOTAL LIABILITIES AND EQUITY:1,0491,0201,2091,0137731,4191,509

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
Revenues1,5732,1972,8022,3233,4531,8661,821
Revenue, net3,4531,8661,821
Cost of revenue(752)(834)(1,069)(804)(610)(572)(459)
Cost of goods and services sold(1,573)   (610)(572)(459)
Gross profit:8211,3631,7331,5192,8431,2941,362
Operating expenses(8,639)(7,474)(7,846)(5,720)(4,461)(4,230)(3,841)
Operating loss:(7,817)(6,111)(6,113)(4,201)(1,618)(2,936)(2,479)
Nonoperating expense(6,311)(65,299)(4,892)(4,134)(4,461)(4,566)(5,238)
Interest and debt expense7,114(65,394)(4,894)(4,138)(4,463)(4,733)(5,241)
Loss before gain (loss) on sale of properties:(7,014)(136,804)(15,900)(12,473)(10,542)(12,234)(12,958)
Other undisclosed net income 65,3944,8944,1384,4634,7335,241
Net loss:(7,014)(71,410)(11,006)(8,335)(6,079)(7,502)(7,717)
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)(7,717)
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)(7,717)
Convertible preferred dividends103,299      
Net income (loss) available to common stockholders, diluted:68,825(108,848)(11,006)(8,335)(6,079)(7,502)(7,717)

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:(7,014)(71,410)(11,006)(8,335)(6,079)(7,502)(7,717)
Comprehensive loss, net of tax, attributable to parent:(7,014)(71,410)(11,006)(8,335)(6,079)(7,502)(7,717)

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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