PEN Inc. (PENC) financial statements (2021 and earlier)

Company profile

Business Address 701 BRICKELL AVENUE
MIAMI, FL 33131
State of Incorp. DE
Fiscal Year End December 31
SIC 347 - Coating, Engraving, And Allied Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 227222138189263465
Cash and cash equivalents 217222138189263465
Short-term investments 10     
Receivables 1513086227331,1121,071
Inventory, net of allowances, customer advances and progress billings 4238287341,0351,0831,557
Inventory 4238287341,0351,0831,557
Contract with customer, asset 16 
Other undisclosed current assets 1816725775195200
Total current assets: 8351,5231,7512,0332,6533,293
Noncurrent Assets
Operating lease, right-of-use asset 258
Property, plant and equipment 222328389  851
Intangible assets, net (including goodwill)      239
Intangible assets, net (excluding goodwill)      239
Other noncurrent assets 6  7619291,132
Other undisclosed noncurrent assets  3241  (1,090)
Total noncurrent assets: 4853604307619291,132
TOTAL ASSETS: 1,3201,8842,1812,7943,5834,425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1,0021,8532,0331,9832,1312,391
Accounts payable 8021,3751,3841,0791,2601,426
Accrued liabilities 200478650904871965
Deferred revenue 16290
Debt 1844046601,0701,363787
Due to related parties 1401401155327 
Deferred revenue and credits  2229
Other undisclosed current liabilities 2020288   
Total current liabilities: 1,5082,5073,0963,1063,5433,207
Noncurrent Liabilities
Long-term debt and lease obligation 259130181266312 
Long-term debt, excluding current maturities 122130181266312 
Operating lease, liability 137
Total noncurrent liabilities: 259130181266312 
Total liabilities: 1,7672,6373,2773,3723,8553,207
Stockholders' equity
Stockholders' equity attributable to parent, including: (447)(753)(1,096)(578)(272)1,219
Additional paid in capital 7,2425,8875,4915,3225,0724,640
Accumulated deficit (7,690)(6,640)(6,587)(5,900)(5,344)(3,475)
Other undisclosed stockholders' equity attributable to parent 1000053
Other undisclosed stockholders' equity  0    
Total stockholders' equity: (447)(753)(1,096)(578)(272)1,219
TOTAL LIABILITIES AND EQUITY: 1,3201,8842,1812,7943,5834,425

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 2,4364,3317,8788,1169,6859,950
Revenue, net 7,1127,9208,753
Cost of revenue (2,112)(3,452)(5,610)(5,310)(6,344)(5,210)
Cost of goods and services sold (160)(3,452)(1,097)(5,310)(6,344)(5,210)
Other undisclosed gross profit      (440)
Gross profit: 3248792,2682,8063,3414,300
Operating expenses (1,355)(1,197)(2,988)(3,553)(5,081)(6,590)
Operating loss: (1,031)(318)(720)(747)(1,740)(2,290)
Nonoperating income (expense) 6626533191(105)57
Other nonoperating income     1386
Interest and debt expense (9)(90)(70)51(118)(29)
Other undisclosed income from continuing operations before equity method investments, income taxes     11829
Loss from continuing operations before income taxes: (974)(143)(757)(505)(1,846)(2,233)
Income tax expense     (24)(84)
Net loss: (974)(143)(757)(505)(1,869)(2,317)
Net loss attributable to noncontrolling interest      (53)
Other undisclosed net income (loss) attributable to parent 99070(51)  
Net loss available to common stockholders, diluted: (965)(53)(687)(556)(1,869)(2,370)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (974)(143)(757)(505)(1,869)(2,317)
Comprehensive loss: (974)(143)(757)(505)(1,869)(2,317)
Comprehensive loss, net of tax, attributable to noncontrolling interest      (53)
Comprehensive loss, net of tax, attributable to parent: (974)(143)(757)(505)(1,869)(2,370)

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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