Nephros, Inc. (NEPH) financial statements (2022 and earlier)

Company profile

Business Address 380 LACKAWANNA PLACE
SOUTH ORANGE, NJ 07079
State of Incorp. DE
Fiscal Year End December 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
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 investments6,9738,2494,1664,5812,1942751,248
Cash and cash equivalents6,9738,2494,1664,5812,1942751,248
Receivables1,6411,3641,0451,452836388397
Inventory, net of allowances, customer advances and progress billings4,7955,3042,5621,864674479591
Inventory4,7955,3042,5621,864674479591
Prepaid expense 141101    
Deferred costs   (1,312)(1,178)(988)(1,473)
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 2027 
Other current assets   2768595228
Other undisclosed current assets225964251,3121,1789881,473
Total current assets:13,63415,1548,2998,1733,8091,2642,464
Noncurrent Assets
Operating lease, right-of-use asset 1,0371,106
Property, plant and equipment3662958191527012
Long-term investments and receivables    39  
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 39  
Intangible assets, net (including goodwill)2,8311,9352,1111,3381,0721,262 
Goodwill759759759748   
Intangible assets, net (excluding goodwill)2,0721,1761,3525901,0721,262 
Other noncurrent assets8989321811211,494
Other undisclosed noncurrent assets730  938 61 
Total noncurrent assets:4,0163,3563,3302,3851,1741,4141,506
TOTAL ASSETS:17,65018,51011,62910,5584,9832,6783,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,7787641,0951,2321,090825889
Accounts payable1,334423959836872585652
Accrued liabilities444341136396218240237
Debt2482401,0331,186711  
Business combination, contingent consideration, liability  300236   
Deferred revenue and credits707070
Other undisclosed current liabilities364321     
Total current liabilities:2,3901,3252,4282,6541,871895959
Noncurrent Liabilities
Long-term debt and lease obligation951,6051,502843954838 
Long-term debt, excluding current maturities95846613843954838 
Operating lease, liability 759889
Liabilities, other than long-term debt   263208278347
Deferred revenue and credits208278347
Business combination, contingent consideration, liability   263   
Other undisclosed noncurrent liabilities416(752)10    
Total noncurrent liabilities:5111,6121,5121,1061,1621,116347
Total liabilities:2,9012,9373,9403,7603,0332,0111,306
Stockholders' equity
Stockholders' equity attributable to parent11,69512,5224,6753,7981,9506672,664
Common stock1010864555049
Additional paid in capital147,346144,296131,934127,816122,924120,835119,797
Accumulated other comprehensive income64746571776771
Accumulated deficit(135,725)(131,858)(127,332)(124,153)(121,106)(120,285)(117,253)
Stockholders' equity attributable to noncontrolling interest3,0543,0513,0143,000   
Total stockholders' equity:14,74915,5737,6896,7981,9506672,664
TOTAL LIABILITIES AND EQUITY:17,65018,51011,62910,5584,9832,6783,970

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
Revenues10,4048,56110,3345,6873,8092,3201,944
Revenue, net3,8092,3201,944
Cost of revenue
(Cost of Goods and Services Sold)
(4,661)(3,648)(4,250)(2,484)(1,517)(1,026)(884)
Gross profit:5,7434,9136,0843,2032,2921,2941,060
Operating expenses(10,078)(9,188)(9,239)(6,219)(4,518)(4,163)(4,481)
Operating loss:(4,335)(4,275)(3,155)(3,016)(2,226)(2,869)(3,421)
Nonoperating income (expense)468(152)(54)(35)(89)1337
Investment income, nonoperating    45 
Foreign currency transaction gain (loss), before tax    (19)4 
Other nonoperating income (expense)17(152)(54)(35)(74)437
Interest and debt expense482(110)(195)(371)(302)(172)(42)
Loss from continuing operations before equity method investments, income taxes:(3,385)(4,537)(3,404)(3,422)(2,617)(3,028)(3,426)
Other undisclosed income from continuing operations before income taxes 11 419  
Loss from continuing operations before income taxes:(3,385)(4,526)(3,404)(3,418)(2,598)(3,028)(3,426)
Income tax benefit  225931,789  
Loss before gain (loss) on sale of properties:(3,385)(4,526)(3,179)(3,325)(809)(3,028)(3,426)
Other undisclosed net loss     (4) 
Net loss:(3,385)(4,526)(3,179)(3,325)(809)(3,032)(3,426)
Net loss attributable to noncontrolling interest  (241)(77)   
Other undisclosed net income (loss) attributable to parent(482)     338
Net loss attributable to parent:(3,867)(4,526)(3,420)(3,402)(809)(3,032)(3,088)
Undistributed earnings (loss) allocated to participating securities, basic(240)(240)   
Other undisclosed net loss available to common stockholders, basic      (73)
Net loss available to common stockholders, diluted:(4,107)(4,766)(3,420)(3,402)(809)(3,032)(3,161)

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:(3,385)(4,526)(3,179)(3,325)(809)(3,032)(3,426)
Other undisclosed comprehensive income (loss)(492)9(247)    
Comprehensive loss:(3,877)(4,517)(3,426)(3,325)(809)(3,032)(3,426)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(240)(240)241(77)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (6)10(4)337
Comprehensive loss, net of tax, attributable to parent:(4,117)(4,757)(3,185)(3,408)(799)(3,036)(3,089)

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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