Simlatus Corporation (SIML) financial statements (2021 and earlier)

Company profile

Business Address 175 JOERSCHKE DR.
GRASS VALLEY, CA 94945-5259
State of Incorp.
Fiscal Year End December 31
SIC 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13525212  
Cash and cash equivalents13525212  
Receivables685 17  
Inventory, net of allowances, customer advances and progress billings40169205 
Inventory40169205  
Prepaid expense 7 10   
Other current assets10      
Other undisclosed current assets    (17)  
Total current assets:15541980207  
Noncurrent Assets
Operating lease, right-of-use asset31 
Oil and gas property, full cost method    7,0277,027 
Long-term investments and receivables     1717
Due from related parties     1717
Intangible assets, net (including goodwill)    5,972 
Intangible assets, net (excluding goodwill)    5,972  
Other undisclosed noncurrent assets55  17 7,027
Total noncurrent assets:365  13,0167,0447,044
TOTAL ASSETS:1914698013,2237,0447,044
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8521,5954,2711,95639615354
Accounts payable522401231842259
Accrued liabilities3221,184752656  44
Employee-related liabilities88     
Taxes payable01     
Interest and dividends payable  3,2891,216374148 
Deferred revenue 1
Debt3277107757772,3381,916712
Derivative instruments and hedges, liabilities7,9973,1696,6275,316996  
Due to related parties245911262,84273427
Other liabilities    6,250  
Other undisclosed current liabilities1674494 1628432,116
Total current liabilities:9,5886,01311,80310,89010,2152,9542,888
Noncurrent Liabilities
Long-term debt and lease obligation27 61    
Long-term debt, excluding current maturities  61    
Finance lease, liability27 
Total noncurrent liabilities:27 61    
Total liabilities:9,6156,01311,86410,89010,2152,9542,888
Stockholders' equity
Stockholders' equity attributable to parent, including:(21,697)(17,037)(11,856)(10,810)3,0084,08916,071
Preferred stock     11
Common stock490011166,8984,897
Additional paid in capital(6,108)(12,857)(955)(4,318)19,23210,52611,169
Accumulated other comprehensive income    444
Accumulated deficit(15,638)(4,180)(10,904)(6,506)(16,122)(124) 
Other undisclosed stockholders' equity attributable to parent0032(122)(13,217) 
Other undisclosed stockholders' equity12,27211,069    (11,916)
Total stockholders' equity:(9,425)(5,967)(11,856)(10,810)3,0084,0894,155
Other undisclosed liabilities and equity    0  
TOTAL LIABILITIES AND EQUITY:1914698013,2237,0447,044

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

12/31/2020
12/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues3424772369   
Revenue, net2369   
Cost of revenue(8)(6)(89)(52)   
Cost of goods and services sold  (89)(52)   
Gross profit:334471(66)17   
Operating expenses(1,097)(4,431)(863)(827)(667)(345)(762)
Other undisclosed operating loss    (365)(980) 
Operating loss:(763)(3,960)(928)(810)(1,032)(1,325)(762)
Nonoperating expense(10,696)(6,853)(3,470)(5,173)(1,874)(100) 
Investment income, nonoperating   (3,952)   
Debt instrument, convertible, beneficial conversion feature     161 
Other nonoperating income (expense)   0(1,874)  
Interest and debt expense(72)(261)(202)1,302419 (3,599)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes72261202(1,302)   
Net loss:(11,458)(10,812)(4,399)(5,984)(2,486)(1,425)(4,361)
Other undisclosed net income (loss) attributable to parent    (419) 120
Net loss available to common stockholders, basic:(11,458)(10,812)(4,399)(5,984)(2,905)(1,425)(4,242)
Interest on convertible debt     (924) 
Net loss available to common stockholders, diluted:(11,458)(10,812)(4,399)(5,984)(2,905)(2,349)(4,242)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(11,458)(10,812)(4,399)(5,984)(2,486)(1,425)(4,361)
Comprehensive loss, net of tax, attributable to parent:(11,458)(10,812)(4,399)(5,984)(2,486)(1,425)(4,361)

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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