Sollensys Corp. (SOLS) financial statements (2022 and earlier)

Company profile

Business Address 1470 TREELAND BLVD SE
PALM BAY, FL 32909
State of Incorp. NV
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
3/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments593 
Cash and cash equivalents593 
Receivables2 
Inventory, net of allowances, customer advances and progress billings78 
Inventory78 
Prepaid expense61 
Total current assets:733 
Noncurrent Assets
Property, plant and equipment2,945 
Intangible assets, net (including goodwill)395 
Goodwill200 
Intangible assets, net (excluding goodwill)195 
Other undisclosed noncurrent assets18 
Total noncurrent assets:3,358 
TOTAL ASSETS:4,091 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26231
Accounts payable66 
Accrued liabilities19631
Deferred revenue438 
Due to related parties 54
Other undisclosed current liabilities2,50626
Total current liabilities:3,205112
Noncurrent Liabilities
Long-term debt and lease obligation19 
Long-term debt, excluding current maturities19 
Other undisclosed noncurrent liabilities206 
Total noncurrent liabilities:225 
Total liabilities:3,430112
Stockholders' equity
Stockholders' equity attributable to parent661(112)
Common stock101502
Additional paid in capital8,528 
Accumulated deficit(7,968)(614)
Total stockholders' equity:661(112)
TOTAL LIABILITIES AND EQUITY:4,091 

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

12/31/2021
3/31/2020
Revenues182 
Cost of revenue(385) 
Gross profit:(203) 
Operating expenses(4,254)(26)
Operating loss:(4,456)(26)
Nonoperating expense
(Other Nonoperating expense)
(69) 
Interest and debt expense(69) 
Other undisclosed income from continuing operations before equity method investments, income taxes69 
Net loss available to common stockholders, diluted:(4,526)(26)

Comprehensive Income ($ in thousands)

12/31/2021
3/31/2020
Net loss:(4,526)(26)
Comprehensive loss, net of tax, attributable to parent:(4,526)(26)

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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