Remedent Inc (REMI) financial statements (2020 and earlier)

Company profile

Business Address BELGIUM ZUIDERLAAN 1-3 BUS 8
GHENT, 9000
State of Incorp. NV
Fiscal Year End March 31
SIC 3843 - Dental Equipment and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments102679314794399775
Cash and cash equivalents102679314794399775
Receivables3642341,1579432,1281,997788
Inventory, net of allowances, customer advances and progress billings119111123110411414599
Inventory119111123110411414599
Prepaid expense1842452978422696129
Other undisclosed current assets      1,150
Total current assets:7686561,6711,2852,8592,9073,441
Noncurrent Assets
Property, plant and equipment75126144274411435489
Intangible assets, net (including goodwill)     7
Intangible assets, net (excluding goodwill)     7 
Other undisclosed noncurrent assets6,9137,1153,6243,1712,4332,1962,238
Total noncurrent assets:6,9887,2403,7673,4452,8442,6382,728
TOTAL ASSETS:7,7567,8965,4384,7305,7035,5456,168
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5922,3691,9931,4801,1371,4331,407
Accounts payable2,1371,9191,5691,039789847599
Accrued liabilities455450424441348335450
Employee-related liabilities     244359
Interest and dividends payable     7 
Deferred revenue113
Debt    2,2222,1722,666
Due to related parties  52   146
Deferred revenue and credits82727388124
Other undisclosed current liabilities 64   (251)(494)
Total current liabilities:2,7042,4332,1261,5523,4333,4423,850
Noncurrent Liabilities
Long-term debt and lease obligation87      
Operating lease, liability87
Total noncurrent liabilities:87      
Total liabilities:2,7912,4332,1261,5523,4333,4423,850
Stockholders' equity
Stockholders' equity attributable to parent, including:4,8935,3923,2313,1082,1832,0322,319
Common stock20202020202020
Treasury stock, value(831)(831)(831)(831)(831)(831)(831)
Additional paid in capital24,90624,90624,90624,90624,90624,90624,906
Accumulated other comprehensive loss(1,083)(1,083)(937)(1,114)(1,195)(1,185)(793)
Accumulated deficit(18,216)(17,717)(20,024)(19,970)(20,814)(20,975)(21,080)
Other undisclosed stockholders' equity attributable to parent98989898989898
Stockholders' equity attributable to noncontrolling interest727180698771 
Total stockholders' equity:4,9655,4633,3123,1782,2702,1032,319
TOTAL LIABILITIES AND EQUITY:7,7567,8965,4384,7305,7035,5456,168

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues1,2181,6042,7002,3562,7703,6162,593
Revenue, net2,7002,3562,7703,6162,593
Cost of revenue(358)(486)(918)(1,171)(817)(1,198)(1,354)
Cost of goods and services sold  (918)(1,171)(817)(1,198)(1,354)
Other undisclosed gross profit     (83)389
Gross profit:8601,1171,7821,1851,9532,3361,628
Operating expenses(1,372)(1,835)(2,083)(2,255)(1,945)(2,231)(2,365)
Operating income (loss):(512)(717)(301)(1,070)7105(737)
Nonoperating income2,5772,8372591,893193591,262
Investment income, nonoperating 3,007     
Other nonoperating income (expense)(3) (5)260(21)27(347)
Interest and debt expense(10)(11)(11)1,248(63)(75)(130)
Other undisclosed income from continuing operations before equity method investments, income taxes     75130
Income (loss) from continuing operations before equity method investments, income taxes:2,0542,109(53)2,071136164525
Income from equity method investments2,8522,852275338265107157
Other undisclosed loss from continuing operations before income taxes(2,841)(2,841)(264)(1,586)(202)(107)(157)
Income (loss) from continuing operations before income taxes:2,0652,120(42)823200164525
Income tax expense (benefit)(2)(1)(2)4(23)(31) 
Net income (loss):2,0632,119(43)827177133525
Net income (loss) attributable to noncontrolling interest(11)10(11)17(16)(28) 
Net income (loss) available to common stockholders, diluted:2,0522,129(55)844161105525

Comprehensive Income ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):2,0632,119(43)827177133525
Other comprehensive income 32178    
Other undisclosed comprehensive income15      
Comprehensive income:2,0782,151134827177133525
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(11)10(11)17(16)(28) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   81(10)(392)325
Comprehensive income (loss), net of tax, attributable to parent:2,0672,161123925151(287)849

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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