Spectrascience Inc (SCIE) financial statements (2022 and earlier)

Company profile

Business Address 11568 SORRENTO VALLEY ROAD
SAN DIEGO, CA 92121
State of Incorp. MN
Fiscal Year End December 31
SIC 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments412722423790
Cash and cash equivalents412722423790
Receivables17 60 
Inventory, net of allowances, customer advances and progress billings91112284247202
Inventory91112284247202
Deferred costs 8010882166
Prepaid expense and other current assets191
Other undisclosed current assets267284244175 
Total current assets:362611859801649
Noncurrent Assets
Inventory, Noncurrent 150   
Property, plant and equipment 041686
Intangible assets, net (including goodwill)1,0251,1851,3481,5131,679
Intangible assets, net (excluding goodwill)1,0251,1851,3481,5131,679
Total noncurrent assets:1,0251,3361,3521,5291,764
TOTAL ASSETS:1,3861,9472,2112,3302,413
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5972,3521,5091,4401,046
Accounts payable1,3199418361,009862
Accrued liabilities2,2781,411673431184
Debt6,3505,8253,9202,337609
Derivative instruments and hedges, liabilities8206201,0621,1042,336
Due to related parties35    
Other undisclosed current liabilities 138100  
Total current liabilities:10,8028,9366,5914,8823,990
Noncurrent Liabilities
Long-term debt and lease obligation1,100 4,4972,952 
Long-term debt, excluding current maturities1,100 4,4972,952 
Liabilities, other than long-term debt    1,730
Derivative instruments and hedges, liabilities    1,730
Total noncurrent liabilities:1,100 4,4972,9521,730
Total liabilities:11,9028,93611,0887,8335,720
Stockholders' equity
Stockholders' equity attributable to parent, including:(10,546)(7,020)(4,381)(2,551)(1,576)
Common stock8,8374,3121,9441,6671,522
Additional paid in capital34,58338,16739,50937,12735,492
Retained earnings (accumulated deficit)(53,966)(49,499)(45,864)(41,376)38,626
Other undisclosed stockholders' equity attributable to parent0 3131(77,216)
Total stockholders' equity:(10,546)(7,020)(4,381)(2,551)(1,576)
Other undisclosed liabilities and equity3131(4,497)(2,952)(1,730)
TOTAL LIABILITIES AND EQUITY:1,3861,9472,2112,3302,413

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues57 240461
Cost of revenue(199)(1) (125)(313)
Other undisclosed gross profit  8  
Gross profit:(194)68115148
Operating expenses(2,250)(2,489)(2,714)(2,846)(4,469)
Operating loss:(2,444)(2,483)(2,706)(2,732)(4,321)
Nonoperating expense(2,022)(1,151)(1,783)(18)(4,772)
Investment income, nonoperating    2,230
Other nonoperating expense(1)(13)(22)(10)(1)
Interest and debt expense470261(197)(69)(2,381)
Loss before gain (loss) on sale of properties:(3,997)(3,374)(4,686)(2,819)(11,474)
Other undisclosed net income  197692,381
Net loss:(3,997)(3,374)(4,488)(2,750)(9,093)
Other undisclosed net loss attributable to parent(470)(261)   
Net loss attributable to parent:(4,467)(3,635)(4,488)(2,750)(9,093)
Other undisclosed net income available to common stockholders, basic    18,185
Net income (loss) available to common stockholders, basic:(4,467)(3,635)(4,488)(2,750)9,093
Dilutive securities, effect on basic earnings per share    13,516
Other undisclosed net loss available to common stockholders, diluted    (11,285)
Net income (loss) available to common stockholders, diluted:(4,467)(3,635)(4,488)(2,750)11,323

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(3,997)(3,374)(4,488)(2,750)(9,093)
Comprehensive loss, net of tax, attributable to parent:(3,997)(3,374)(4,488)(2,750)(9,093)

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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