Saleen Automotive Inc (SLNN) financial statements (2020 and earlier)

Company profile

Business Address 2735 WARDLOW ROAD
CORONA, CA 92882
State of Incorp. NV
Fiscal Year End March 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2019
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,3741431,500 
Cash and cash equivalents3,3741431,500 
Receivables1365199 
Inventory, net of allowances, customer advances and progress billings108726434
Inventory108726434 
Other undisclosed current assets 3798 
Total current assets:3,6199112,230 
Noncurrent Assets
Property, plant and equipment650592547 
Other noncurrent assets71548
Total noncurrent assets:721597595 
TOTAL ASSETS:4,3401,5082,825 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,5252,8102,67952
Accounts payable3521,6772,04852
Accrued liabilities633   
Employee-related liabilities 746631 
Taxes payable503   
Interest and dividends payable37387  
Debt2246721,276 
Derivative instruments and hedges, liabilities 1,269  
Due to related parties519327149 
Customer advances and deposits1,897
Other liabilities452179354 
Other undisclosed current liabilities 80982239
Total current liabilities:2,7207,9615,28192
Noncurrent Liabilities
Long-term debt and lease obligation 3,2161,338 
Long-term debt, excluding current maturities 3,2161,338 
Other undisclosed noncurrent liabilities  5,503 
Total noncurrent liabilities: 3,2166,841 
Other undisclosed liabilities1,679   
Total liabilities:4,39911,17712,12292
Stockholders' equity
Stockholders' equity attributable to parent(59)(9,669)(9,297)(92)
Preferred stock0   
Common stock251751388
Additional paid in capital36,40718,53010,4313
Accumulated deficit(36,490)(28,374)(19,866)(103)
Total stockholders' equity:(59)(9,669)(9,297)(92)
TOTAL LIABILITIES AND EQUITY:4,3401,5082,825 

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

3/31/2019
3/31/2015
3/31/2014
3/31/2013
Revenues13,7083,8005,280 
Revenue, net3,800122 
Cost of revenue(4,686)(3,366)(4,277) 
Cost of goods and services sold (3,366)(4,277) 
Gross profit:9,0224341,003 
Operating expenses(5,976)(5,756)(7,781) 
Operating income (loss):3,046(5,322)(6,778) 
Nonoperating income (expense)(32)3271,661 
Debt instrument, convertible, beneficial conversion feature 3271,661 
Interest and debt expense(32)(3,568)(922) 
Income (loss) from continuing operations before equity method investments, income taxes:2,983(8,563)(6,040) 
Other undisclosed income from continuing operations before income taxes32   
Income (loss) from continuing operations before income taxes:3,014(8,563)(6,040) 
Income tax expense(503)   
Net income (loss):2,511(8,563)(6,040) 
Other undisclosed net income (loss) attributable to parent 54(5,082) 
Net income (loss) attributable to parent:2,511(8,509)(11,122) 
Other undisclosed net loss available to common stockholders, basic(92)   
Net income (loss) available to common stockholders, diluted:2,419(8,509)(11,122) 

Comprehensive Income ($ in thousands)

3/31/2019
3/31/2015
3/31/2014
3/31/2013
Net income (loss):2,511(8,563)(6,040) 
Comprehensive income (loss), net of tax, attributable to parent:2,511(8,563)(6,040) 

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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