UAS Drone Corp. (USDR) financial statements (2021 and earlier)

Company profile

Business Address 1 ETGAR ST.
TIRAT CARMEL, 3903212
State of Incorp. NV
Fiscal Year End December 31
SIC 3721 - Aircraft (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105000 14
Cash and cash equivalents105000 14
Inventory, net of allowances, customer advances and progress billings  (15)51026
Inventory  (15)51026
Prepaid expense 926292626
Other current assets19     
Other undisclosed current assets  15   
Total current assets:124926343666
Noncurrent Assets
Property, plant and equipment12     
Total noncurrent assets:12     
TOTAL ASSETS:136926343666
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3222391521096635
Accounts payable1094129231513
Accrued liabilities213198123875123
Debt956525202020
Due to related parties 2001466026 
Other liabilities    3 
Other undisclosed current liabilities22450450450397 
Total current liabilities:1,30089477463951255
Noncurrent Liabilities
Long-term debt and lease obligation371    300
Long-term debt, excluding current maturities371    300
Liabilities, other than long-term debt268     
Due to related parties268     
Other undisclosed noncurrent liabilities4635    
Total noncurrent liabilities:68535   300
Total liabilities:1,985929774639512355
Stockholders' equity
Stockholders' equity attributable to parent(1,849)(920)(747)(605)(476)(290)
Common stock400000
Additional paid in capital3,27814314314312310
Accumulated deficit(5,131)(1,064)(891)(748)(599)(300)
Total stockholders' equity:(1,849)(920)(747)(605)(476)(290)
TOTAL LIABILITIES AND EQUITY:136926343666

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues75  5 26
Direct financing lease, interest income75 
Cost of revenue(3,133) (5)(5)(11)(12)
Cost of goods and services sold(3,000) (5)(5)(11)(2)
Gross profit:(3,058) (5)0(11)14
Operating expenses(1,310)(136)(101)(110)(268)(296)
Other operating expense, net
(Other Expenses)
(5)     
Other undisclosed operating income3,068   11 
Operating loss:(1,305)(136)(106)(110)(268)(282)
Nonoperating expense (37)(37)(39)(31)(18)
Interest and debt expense(63)(37)(37)(39)(31)(18)
Loss from continuing operations before equity method investments, income taxes:(1,368)(210)(179)(189)(330)(318)
Other undisclosed income from continuing operations before income taxes 3737393118
Net loss available to common stockholders, diluted:(1,368)(173)(142)(149)(299)(300)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(1,368)(173)(142)(149)(299)(300)
Comprehensive loss, net of tax, attributable to parent:(1,368)(173)(142)(149)(299)(300)

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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