Spindle Inc (SPDL) financial statements (2020 and earlier)

Company profile

Business Address 1201 S. ALMA SCHOOL ROAD
MESA, AZ 85210
State of Incorp. NV
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments124161170700112
Cash and cash equivalents124161170700112
Receivables583105(11)17237
Inventory, net of allowances, customer advances and progress billings  1110161
Inventory  1110161 
Prepaid expense     136
Deferred costs   (12)  
Other undisclosed current assets171601,79021318994
Total current assets:342472,0664601,122379
Noncurrent Assets
Property, plant and equipment914172227585
Intangible assets, net (including goodwill) 1356,0595,9062,796157
Goodwill  4,6365,3062,680 
Intangible assets, net (excluding goodwill) 1351,423600116157
Other undisclosed noncurrent assets   1,5191,916573
Total noncurrent assets:91496,0767,4474,7401,315
TOTAL ASSETS:433968,1427,9085,8621,693
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:520396342579646(14)
Accounts payable11510190215  
Accrued liabilities3734141468217 
Accounts payable and other accrued liabilities (14)
Other undisclosed accounts payable and accrued liabilities33(28)138(318)629 
Debt45    221
Derivative instruments and hedges, liabilities262     
Due to related parties 6466172  
Other undisclosed current liabilities1,16742420489717156
Total current liabilities:1,9938856131,647663363
Noncurrent Liabilities
Long-term debt and lease obligation 118    
Long-term debt, excluding current maturities 118    
Liabilities, other than long-term debt     373
Other liabilities     373
Other undisclosed noncurrent liabilities    143 
Total noncurrent liabilities: 118  143373
Total liabilities:1,9931,0036131,647806736
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,950)(607)7,5306,2605,055957
Common stock837164423318
Common stock, value, subscriptions0   
Additional paid in capital29,30027,51626,57721,47111,4013,836
Accumulated other comprehensive loss   (70)  
Retained earnings (accumulated deficit)(31,333)(28,194)(19,112)(15,252)(6,330)2,617
Other undisclosed stockholders' equity attributable to parent 0170(48)(5,514)
Total stockholders' equity:(1,950)(607)7,5306,2605,055957
TOTAL LIABILITIES AND EQUITY:433968,1427,9085,8621,693

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues3626537918681,31483
Revenue, net885895218681,314 
Financial services revenue  270   
Other income27464 
Cost of revenue
(Cost of Goods and Services Sold)
(46)(70)(212)(311)(563)(20)
Other undisclosed gross profit(274)(64)(270)   
Gross profit:4251930955775064
Operating expenses(2,524)(9,460)(4,399)(7,987)(4,381)(2,373)
Other operating expense, net
(Other Expenses)
 (10)(39)  (11)
Other undisclosed operating income 1039   
Operating loss:(2,482)(8,940)(4,090)(7,430)(3,630)(2,320)
Nonoperating income (expense)(657)(141)231(2,162)(83)7
Investment income, nonoperating   (670) 7
Other nonoperating income (expense)(657)(141)231(1,492)(83) 
Interest and debt expense(242)3(2)2219
Loss from continuing operations before equity method investments, income taxes:(3,381)(9,079)(3,861)(9,590)(3,712)(2,294)
Other undisclosed loss from continuing operations before income taxes     (26)
Loss before gain (loss) on sale of properties:(3,381)(9,079)(3,861)(9,590)(3,712)(2,320)
Other undisclosed net income (loss)242(3)2668(2) 
Net loss available to common stockholders, diluted:(3,139)(9,082)(3,860)(8,922)(3,714)(2,320)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(3,139)(9,082)(3,860)(8,922)(3,714)(2,320)
Comprehensive loss, net of tax, attributable to parent:(3,139)(9,082)(3,860)(8,922)(3,714)(2,320)

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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