View Systems Inc (VSYM) financial statements (2021 and earlier)

Company profile

Business Address 1550 CATON CENTER DRIVE
BALTIMORE, MD 21227
State of Incorp. NV
Fiscal Year End December 31
SIC 738 - Miscellaneous Business Services (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
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 1 00313
Cash and cash equivalents 1 00313
Receivables 20  4727
Inventory, net of allowances, customer advances and progress billings    111
Inventory    111
Total current assets: 21 051141
Noncurrent Assets
Property, plant and equipment   1  4
Deposits noncurrent assets    223
Other undisclosed noncurrent assets      (4)
Total noncurrent assets:   1223
Other undisclosed assets    234
TOTAL ASSETS: 21 191548
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 162178437433399498
Accounts payable  167    
Accrued liabilities   225225225225
Employee-related liabilities 134     
Interest and dividends payable 14111561269666
Other undisclosed accounts payable and accrued liabilities 14 568278207
Debt 14213050506180
Derivative instruments and hedges, liabilities 384244    
Due to related parties 267267637591565432
Deferred revenue and credits60669573
Other undisclosed current liabilities  136839687540466
Total current liabilities: 9559542,0221,8271,6601,549
Noncurrent Liabilities
Long-term debt and lease obligation      11
Long-term debt, excluding current maturities      11
Total noncurrent liabilities:      11
Other undisclosed liabilities 640     
Total liabilities: 1,5959542,0221,8271,6601,560
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,574)(954)(2,021)(1,818)(1,644)(28,949)
Preferred stock 666665
Common stock 561330327327312281
Common stock, share subscribed but unissued, subscriptions receivable (5)(16)(16)(16)(16) 
Additional paid in capital 27,87027,48727,39227,39227,38927,135
Accumulated deficit (30,031)(28,792)(29,761)(29,559)(29,368)(28,949)
Other undisclosed stockholders' equity attributable to parent 2532323232(27,421)
Other undisclosed stockholders' equity      27,437
Total stockholders' equity: (1,574)(954)(2,021)(1,818)(1,644)(1,512)
TOTAL LIABILITIES AND EQUITY: 21 191548

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1335358202392
Revenue, net228128278
Gain on disposition of assets for financial service operations  191
Cost of revenue
(Cost of Goods and Services Sold)
   (19)(1)(48)(85)
Gross profit: 1333457154307
Operating expenses (715)(58)(242)(194)(541)(1,624)
Other operating expense, net
(Other Expenses)
  (988)(4)(54)(31) 
Other undisclosed operating income  1,97645431 
Operating income (loss): (714)963(207)(137)(387)(1,316)
Nonoperating income (expense) (525)    22
Interest and debt expense (142)(93)(4)(54)(31)22
Income (loss) from continuing operations before equity method investments, income taxes: (1,381)870(211)(191)(419)(1,273)
Other undisclosed loss from continuing operations before income taxes  (845)    
Income (loss) from continuing operations before income taxes: (1,381)25(211)(191)(419)(1,273)
Income tax benefit   5980 562
Income (loss) from continuing operations: (1,381)25(152)(111)(419)(711)
Loss from discontinued operations  (45)    
Net loss: (1,381)(19)(152)(111)(419)(711)
Other undisclosed net income (loss) attributable to parent 142938(50)(80) (627)
Net income (loss) available to common stockholders, diluted: (1,239)918(203)(191)(419)(1,338)

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss: (1,381)(19)(152)(111)(419)(711)
Comprehensive loss, net of tax, attributable to parent: (1,381)(19)(152)(111)(419)(711)

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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