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 4,3871,5871,6155,6363,300419
Cash and cash equivalents 4,3871,5871,6155,6363,300419
Inventory, net of allowances, customer advances and progress billings 7671,3038713,0605,3421,768
Inventory 7671,3038713,0605,3421,768
Advances on inventory purchases 3322013178871,09049
Disposal group, including discontinued operation   222   
Other undisclosed current assets 4072733732,4171,5172,525
Total current assets: 5,8943,3653,39812,00011,2484,761
Noncurrent Assets
Operating lease, right-of-use asset 307109
Property, plant and equipment 2995145317380373
Intangible assets, net (including goodwill) 20,71821,48022,24235,92623,765 
Goodwill 15,48015,48015,48024,59915,480 
Intangible assets, net (excluding goodwill) 5,2386,0006,76211,3278,286 
Disposal group, including discontinued operation, noncurrent assets   12,271   
Total noncurrent assets: 21,05421,68434,65836,24324,145373
TOTAL ASSETS: 26,94825,04838,05648,24335,3935,135
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 4,0643,6112,9613,9314,9721,975
Accounts payable 2,7492,1181,2591,4662,0711,333
Accrued liabilities 1,3151,4921,7022,4652,902641
Debt   1,2652667841,850
Disposal group, including discontinued operation 346 365   
Customer advances and deposits2,8266,0699
Other liabilities   5533,6571,496 
Other undisclosed current liabilities 2,0632,063   420
Total current liabilities: 6,4735,6735,14410,68013,3214,253
Noncurrent Liabilities
Long-term debt and lease obligation 254(41)    
Long-term debt, excluding current maturities 254(41)    
Liabilities, other than long-term debt 1,3261,114365335190 
Deferred tax liabilities, net365335190 
Other liabilities 1,3261,114    
Other undisclosed noncurrent liabilities 7,9289,78116,00216,28919,063 
Total noncurrent liabilities: 9,50910,85316,36716,62519,253 
Total liabilities: 15,98216,52621,51227,30532,5744,253
Temporary equity, carrying amount 1,8071,8071,8071,807  
Stockholders' equity
Stockholders' equity attributable to parent, including: 9,1596,71514,73719,1302,819881
Common stock 433214
Additional paid in capital 74,58368,51664,74962,05233,20522,784
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: 9,1596,71514,73719,1302,819881
TOTAL LIABILITIES AND EQUITY: 26,94825,04838,05648,24335,3935,135

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 11,44317,13717,11723,3177,736617
Revenue, net 34167
Cost of revenue (3,242)(4,368)(4,804)(11,685)(4,435)(1,824)
Gross profit: 8,20112,76912,31311,6323,301(1,207)
Operating expenses (8,787)(10,191)(11,725)(15,270)(10,012)(9,717)
Operating income (loss): (586)2,578587(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 2,2542,344687,736273 
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.

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