VirnetX Holding Corp (VHC) financial statements (2021 and earlier)
Company profile
| Business Address |
308 DORLA COURT ZEPHYR COVE, NV 89448 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 6794 - Patent Owners and Lessors (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 221 | 6 | 9 | 5 | 16 | 19 | 41 | ||
| Cash and cash equivalents | 193 | 3 | 8 | 3 | 7 | 9 | 19 | ||
| Short-term investments | 28 | 2 | 2 | 1 | 9 | 10 | 23 | ||
| Receivables | 0 | 0 | 0 | ||||||
| Prepaid expense | 3 | ||||||||
| Other undisclosed current assets | 0 | 0 | 1 | 1 | 1 | 1 | 1 | ||
| Total current assets: | 224 | 6 | 10 | 5 | 16 | 19 | 42 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Prepaid expense | 2 | 2 | 2 | 3 | 3 | ||||
| Deferred income tax assets | 9 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 1 | 2 | |||||||
| Total noncurrent assets: | 10 | 2 | 2 | 2 | 2 | 3 | 3 | ||
| TOTAL ASSETS: | 235 | 7 | 12 | 7 | 19 | 22 | 45 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1 | 1 | 1 | 0 | 2 | 2 | 4 | ||
| Accrued liabilities | 6 | ||||||||
| Employee-related liabilities | 0 | 0 | 0 | 2 | 2 | 1 | |||
| Taxes payable | 0 | 0 | 0 | 0 | 0 | ||||
| Other undisclosed accounts payable and accrued liabilities | 0 | 1 | 0 | (2) | (0) | 1 | (3) | ||
| Derivative instruments and hedges, liabilities | 0 | ||||||||
| Due to related parties | 0 | 0 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 2 | 2 | 2 | 2 | ||
| Other liabilities | 0 | 0 | 0 | ||||||
| Other undisclosed current liabilities | 10 | 0 | 1 | 3 | 2 | 2 | 7 | ||
| Total current liabilities: | 10 | 2 | 2 | 4 | 5 | 6 | 12 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 0 | 1 | 3 | 2 | 1 | ||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 1 | 3 | 2 | 1 | ||
| Other liabilities | 0 | 0 | |||||||
| Total noncurrent liabilities: | 0 | 1 | 3 | 2 | 1 | ||||
| Total liabilities: | 10 | 2 | 2 | 6 | 8 | 7 | 12 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 224 | 6 | 10 | 2 | 11 | 15 | 33 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Additional paid in capital | 232 | 223 | 208 | 177 | 169 | 145 | 133 | ||
| Accumulated other comprehensive loss | (0) | (0) | (0) | (0) | (0) | (0) | (0) | ||
| Accumulated deficit | (8) | (218) | (198) | (176) | (158) | (130) | (100) | ||
| Total stockholders' equity: | 224 | 6 | 10 | 2 | 11 | 15 | 33 | ||
| TOTAL LIABILITIES AND EQUITY: | 235 | 7 | 12 | 7 | 19 | 22 | 45 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenue, net | ✕ | ✕ | ✕ | 2 | 2 | 2 | 1 | |
| Gross profit: | 303 | 0 | 0 | 2 | 2 | 2 | 1 | |
| Operating expenses | (145) | (20) | (26) | (19) | (30) | (31) | (13) | |
| Operating income (loss): | 158 | (20) | (25) | (17) | (29) | (29) | (12) | |
| Nonoperating income (Other Nonoperating income) | 0 | 0 | ||||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 150 | 0 | 0 | (0) | 2 | |||
| Income (loss) from continuing operations before income taxes: | 307 | (20) | (25) | (17) | (28) | (29) | (10) | |
| Income tax expense (benefit) | (27) | 0 | (0) | (0) | (0) | (0) | (0) | |
| Net income (loss) available to common stockholders, diluted: | 280 | (19) | (25) | (17) | (29) | (29) | (10) | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 280 | (19) | (25) | (17) | (29) | (29) | (10) | |
| Other comprehensive income | 0 | |||||||
| Comprehensive income (loss): | 280 | (19) | (25) | (17) | (29) | (29) | (10) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 0 | (0) | (0) | 0 | (0) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 280 | (19) | (25) | (17) | (29) | (29) | (10) | |
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.