NXT-ID Inc. (NXTD) financial statements (2022 and earlier)
Company profile
| Business Address |
288 CHRISTIAN STREET OXFORD, CT 06478 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 7381 - Detective, Guard, and Armored Car Services (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in thousands)
| 9/30/2021 TTM | 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 investments | 4,387 | 1,587 | 1,615 | 5,636 | 3,300 | 419 | |||
| Cash and cash equivalents | 4,387 | 1,587 | 1,615 | 5,636 | 3,300 | 419 | |||
| Inventory, net of allowances, customer advances and progress billings | 767 | 1,303 | 871 | 3,060 | 5,342 | 1,768 | |||
| Inventory | 767 | 1,303 | 871 | 3,060 | 5,342 | 1,768 | |||
| Advances on inventory purchases | 332 | 201 | 317 | 887 | 1,090 | 49 | |||
| Disposal group, including discontinued operation | 222 | ||||||||
| Other undisclosed current assets | 407 | 273 | 373 | 2,417 | 1,517 | 2,525 | |||
| Total current assets: | 5,894 | 3,365 | 3,398 | 12,000 | 11,248 | 4,761 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 307 | 109 | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 29 | 95 | 145 | 317 | 380 | 373 | |||
| Intangible assets, net (including goodwill) | 20,718 | 21,480 | 22,242 | 35,926 | 23,765 | ||||
| Goodwill | 15,480 | 15,480 | 15,480 | 24,599 | 15,480 | ||||
| Intangible assets, net (excluding goodwill) | 5,238 | 6,000 | 6,762 | 11,327 | 8,286 | ||||
| Disposal group, including discontinued operation, noncurrent assets | 12,271 | ||||||||
| Total noncurrent assets: | 21,054 | 21,684 | 34,658 | 36,243 | 24,145 | 373 | |||
| TOTAL ASSETS: | 26,948 | 25,048 | 38,056 | 48,243 | 35,393 | 5,135 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,064 | 3,611 | 2,961 | 3,931 | 4,972 | 1,975 | |||
| Accounts payable | 2,749 | 2,118 | 1,259 | 1,466 | 2,071 | 1,333 | |||
| Accrued liabilities | 1,315 | 1,492 | 1,702 | 2,465 | 2,902 | 641 | |||
| Debt | 1,265 | 266 | 784 | 1,850 | |||||
| Disposal group, including discontinued operation | 346 | 365 | |||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 2,826 | 6,069 | 9 | ||
| Other liabilities | 553 | 3,657 | 1,496 | ||||||
| Other undisclosed current liabilities | 2,063 | 2,063 | 420 | ||||||
| Total current liabilities: | 6,473 | 5,673 | 5,144 | 10,680 | 13,321 | 4,253 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 254 | (41) | |||||||
| Long-term debt, excluding current maturities | 254 | (41) | |||||||
| Liabilities, other than long-term debt | 1,326 | 1,114 | 365 | 335 | 190 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 365 | 335 | 190 | |||
| Other liabilities | 1,326 | 1,114 | |||||||
| Other undisclosed noncurrent liabilities | 7,928 | 9,781 | 16,002 | 16,289 | 19,063 | ||||
| Total noncurrent liabilities: | 9,509 | 10,853 | 16,367 | 16,625 | 19,253 | ||||
| Total liabilities: | 15,982 | 16,526 | 21,512 | 27,305 | 32,574 | 4,253 | |||
| Temporary equity, carrying amount | 1,807 | 1,807 | 1,807 | 1,807 | |||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 9,159 | 6,715 | 14,737 | 19,130 | 2,819 | 881 | |||
| Common stock | 4 | 3 | 3 | 2 | 1 | 4 | |||
| Additional paid in capital | 74,583 | 68,516 | 64,749 | 62,052 | 33,205 | 22,784 | |||
| Accumulated deficit | (65,428) | (61,804) | (50,015) | (42,925) | (34,660) | (21,907) | |||
| Other undisclosed stockholders' equity attributable to parent | 4,273 | ||||||||
| Total stockholders' equity: | 9,159 | 6,715 | 14,737 | 19,130 | 2,819 | 881 | |||
| TOTAL LIABILITIES AND EQUITY: | 26,948 | 25,048 | 38,056 | 48,243 | 35,393 | 5,135 | |||
Income statement (P&L) ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,443 | 17,137 | 17,117 | 23,317 | 7,736 | 617 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 34 | 167 | ||
| Cost of revenue | (3,242) | (4,368) | (4,804) | (11,685) | (4,435) | (1,824) | ||
| Gross profit: | 8,201 | 12,769 | 12,313 | 11,632 | 3,301 | (1,207) | ||
| Operating expenses | (8,787) | (10,191) | (11,725) | (15,270) | (10,012) | (9,717) | ||
| Operating income (loss): | (586) | 2,578 | 587 | (3,639) | (6,710) | (10,924) | ||
| Nonoperating expense (Other Nonoperating expense) | (2,254) | (5,279) | (1,882) | (6,239) | (5,847) | (2,148) | ||
| Interest and debt expense | (2,254) | (2,344) | (68) | (7,736) | (273) | (636) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 636 | |||||||
| Loss from continuing operations before equity method investments, income taxes: | (5,094) | (5,045) | (1,363) | (17,615) | (12,830) | (13,073) | ||
| Other undisclosed income from continuing operations before income taxes | 2,254 | 2,344 | 68 | 7,736 | 273 | |||
| Loss from continuing operations before income taxes: | (2,840) | (2,701) | (1,294) | (9,878) | (12,557) | (13,073) | ||
| Income tax expense (benefit) | (25) | 333 | (34) | 1,613 | (196) | (4) | ||
| Loss from continuing operations: | (2,865) | (2,368) | (1,329) | (8,265) | (12,753) | (13,077) | ||
| Loss from discontinued operations | (3,432) | (5,761) | ||||||
| Net loss: | (2,865) | (5,801) | (7,090) | (8,265) | (12,753) | (13,077) | ||
| Other undisclosed net loss attributable to parent | (5,989) | |||||||
| Net loss attributable to parent: | (2,865) | (11,789) | (7,090) | (8,265) | (12,753) | (13,077) | ||
| Preferred stock dividends and other adjustments | (859) | (150) | (100) | (730) | (1,081) | |||
| Net loss available to common stockholders, diluted: | (3,724) | (11,939) | (7,190) | (8,995) | (13,834) | (13,077) | ||
Comprehensive Income ($ in thousands)
| 9/30/2021 TTM | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (2,865) | (5,801) | (7,090) | (8,265) | (12,753) | (13,077) | ||
| Comprehensive loss, net of tax, attributable to parent: | (2,865) | (5,801) | (7,090) | (8,265) | (12,753) | (13,077) | ||
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.