Rennova Health, Inc. (RNVA) financial statements (2022 and earlier)

Company profile

Business Address 400 S. AUSTRALIAN AVENUE, SUITE 800
WEST PALM BEACH, FL 33401
State of Incorp. DE
Fiscal Year End December 31
SIC 8062 - General Medical and Surgical Hospitals (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 25177 788,833
Cash and cash equivalents 25177 788,833
Receivables 1,9204,2084,4432,9122,92610,564
Inventory, net of allowances, customer advances and progress billings 445614453237  
Inventory 445614453237  
Disposal group, including discontinued operation 185505    
Assets held-for-sale, not part of disposal group   140227  
Other undisclosed current assets 149079102171,193
Total current assets: 2,7245,3455,1223,3863,22120,591
Noncurrent Assets
Operating lease, right-of-use asset 1,000275
Property, plant and equipment 7,8148,2328,5272,6953,0977,148
Intangible assets, net (including goodwill) 259509259   
Intangible assets, net (excluding goodwill) 259509259   
Deposits noncurrent assets 264     
Disposal group, including discontinued operation, noncurrent assets 20191229  
Other undisclosed noncurrent assets  337279181165233
Total noncurrent assets: 9,5399,3639,0772,9053,2627,381
TOTAL ASSETS: 12,26214,70814,1996,2916,48227,972
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 34,82629,64920,26811,1288,4299,645
Accounts payable 14,25213,6918,1564,1893,3514,360
Accrued liabilities 19,13614,58410,7114,9674,1355,285
Taxes payable 1,4391,3741,4011,972942 
Debt 13,02529,87412,7761,61610,8071,593
Derivative instruments and hedges, liabilities 455455350   
Due to related parties 2,39715,7591,2001,3293295,134
Disposal group, including discontinued operation 3,8142,7932,2981,973  
Other undisclosed current liabilities 4,6604,8887,5248,837  
Total current liabilities: 59,17883,41844,41624,88219,56516,372
Noncurrent Liabilities
Long-term debt and lease obligation 2,024159 3,7521,7745,298
Long-term debt, excluding current maturities 1,196  3,752 2,904
Capital lease obligations  1,7742,394
Operating lease, liability 827159
Liabilities, other than long-term debt 78  12,435297,495
Disposal group, including discontinued operation, liabilities 78     
Derivative instruments and hedges, liabilities    12,435297,495
Other undisclosed noncurrent liabilities   32 (0) 
Total noncurrent liabilities: 2,1021593216,1871,80412,794
Total liabilities: 61,28083,57744,44841,06921,36829,166
Temporary equity, carrying amount    5,835  
Stockholders' equity
Stockholders' equity attributable to parent, including: (49,018)(76,520)(39,168)(40,613)(14,886)(1,194)
Common stock 49651319828144
Additional paid in capital 819,494509,437375,846128,35245,72725,457
Accumulated deficit (868,537)(586,942)(415,047)(169,180)(60,641)(26,795)
Other undisclosed stockholders' equity attributable to parent 2120201801
Other undisclosed stockholders' equity  7,6508,919   
Total stockholders' equity: (49,018)(68,869)(30,248)(40,613)(14,886)(1,194)
TOTAL LIABILITIES AND EQUITY: 12,26214,70814,1996,2916,48227,972

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 7,20015,98714,549381270
Other income   673381270
Cost of revenue (12,485)(14,845)(11,510)(949)(1,695)(9,340)
Cost of goods and services sold (11,784)(14,845)(11,510)(949)(1,695)(9,340)
Gross profit: (5,284)1,1423,039(910)(1,568)(9,339)
Operating expenses (11,911)(32,318)(27,773)(20,696)(37,638)(62,626)
Other undisclosed operating income  14,84511,5105,5306,81327,732
Operating loss: (17,195)(16,331)(13,225)(16,076)(32,393)(44,233)
Nonoperating income (expense) (1,757)(30,925)403(38,106)(956)474
Other nonoperating income (expense) 5,371(9,340)403(33,829)(956)474
Interest and debt expense (9,500)(9,500)(21,533)(8,649)100(2,690)
Loss from continuing operations before equity method investments, income taxes: (28,452)(56,756)(34,354)(62,831)(33,249)(46,449)
Other undisclosed income from continuing operations before income taxes 9,5009,500    
Loss from continuing operations before income taxes: (18,952)(47,256)(34,354)(62,831)(33,249)(46,449)
Income tax expense (benefit) (1,308) (766)(1,016)7359,028
Other undisclosed income from continuing operations 2,616     
Loss from continuing operations: (17,644)(47,256)(35,120)(63,847)(32,514)(37,420)
Loss from discontinued operations (696)(778) (4,175)  
Loss before gain (loss) on sale of properties: (18,340)(48,034)(35,120)(68,022)(32,514)(37,420)
Other undisclosed net income (loss)     (100)2,690
Net loss: (18,340)(48,034)(35,120)(68,022)(32,614)(34,731)
Other undisclosed net income (loss) attributable to parent   21,09812,824 (1,627)
Net loss attributable to parent: (18,340)(48,034)(14,022)(55,198)(32,614)(36,358)
Preferred stock dividends and other adjustments (263,255)     
Other undisclosed net loss available to common stockholders, basic  (123,862)(231,844)(53,342)  
Net loss available to common stockholders, diluted: (281,594)(171,895)(245,866)(108,540)(32,614)(36,358)

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: (18,340)(48,034)(35,120)(68,022)(32,614)(34,731)
Comprehensive loss, net of tax, attributable to parent: (18,340)(48,034)(35,120)(68,022)(32,614)(34,731)

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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