THINSPACE TECHNOLOGY, INC. (THNS) financial statements (2021 and earlier)

Company profile

Business Address 12555 ORANGE DRIVE, SUITE 216
DAVIE, FL 33330
State of Incorp. DE
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13634186
Cash and cash equivalents13634186
Receivables158387 
Inventory, net of allowances, customer advances and progress billings1015
Inventory1015 
Other undisclosed current assets17508 
Total current assets:4121,24186
Noncurrent Assets
Property, plant and equipment3131 
Intangible assets, net (including goodwill)14319555
Intangible assets, net (excluding goodwill)14319555
Other noncurrent assets1053
Other undisclosed noncurrent assets  406
Total noncurrent assets:279229462
TOTAL ASSETS:6911,470547
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6281,611452
Taxes payable29  
Other undisclosed accounts payable and accrued liabilities1,5991,611452
Debt46975861
Derivative instruments and hedges, liabilities12,17411,26815,069
Due to related parties 117 
Deferred revenue and credits7731,483 
Other liabilities  37
Other undisclosed current liabilities29 297
Total current liabilities:15,07314,55316,717
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,096887 
Long-term debt, excluding current maturities863887 
Other undisclosed long-term debt and lease obligation1,233  
Liabilities, other than long-term debt20374 
Deferred revenue and credits20374 
Other undisclosed noncurrent liabilities(1,233)  
Total noncurrent liabilities:1,066961 
Total liabilities:16,13915,51516,717
Stockholders' equity
Stockholders' equity attributable to parent, including:(15,449)(14,044)(16,170)
Additional paid in capital6,891 1,625
Accumulated other comprehensive loss(24)(34) 
Accumulated deficit(22,415)(14,094)(17,797)
Other undisclosed stockholders' equity attributable to parent99843
Total stockholders' equity:(15,449)(14,044)(16,170)
TOTAL LIABILITIES AND EQUITY:6911,470547

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
6,2671,5090
Cost of revenue
(Cost of Goods and Services Sold)
(3,492)(648) 
Gross profit:2,7758610
Operating expenses(6,153)(2,054)(1,123)
Operating loss:(3,378)(1,193)(1,123)
Nonoperating expense
(Investment Income, Nonoperating)
  (4,124)
Interest and debt expense(8,327)(306)(10,802)
Loss from continuing operations before equity method investments, income taxes:(11,705)(1,499)(16,048)
Other undisclosed income from continuing operations before income taxes3,412 16
Loss from continuing operations before income taxes:(8,292)(1,499)(16,032)
Income tax expense(29)  
Net loss:(8,321)(1,499)(16,032)
Net loss attributable to noncontrolling interest(8,321)  
Other undisclosed net income attributable to parent8,321  
Net loss attributable to parent:(8,321)(1,499)(16,032)
Preferred stock dividends and other adjustments(8)(2,364)(11)
Net loss available to common stockholders, diluted:(8,329)(3,863)(16,043)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net loss:(8,321)(1,499)(16,032)
Other undisclosed comprehensive income (loss)10(33) 
Comprehensive loss:(8,311)(1,532)(16,032)
Comprehensive loss, net of tax, attributable to noncontrolling interest(8,321)  
Comprehensive loss, net of tax, attributable to parent:(16,632)(1,532)(16,032)

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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