VirTra, Inc. (VTSI) financial statements (2021 and earlier)

Company profile

Business Address 7970 S. KYRENE ROAD
TEMPE, AZ 85284
State of Incorp. NV
Fiscal Year End December 31
SIC 399 - Miscellaneous Manufacturing Industries (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,8421,4152,5005,080
Cash and cash equivalents6,8421,4152,5005,080
Receivables5,7203,957962,700
Inventory, net of allowances, customer advances and progress billings3,5161,9491,6121,720
Inventory3,5161,9491,6121,720
Deferred tax assets2,400 
Other undisclosed current assets1,4494,2083,772586
Total current assets:17,52711,52910,38110,088
Noncurrent Assets
Operating lease, right-of-use asset1,0951,391
Property, plant and equipment1,3821,028678677
Long-term investments and receivables 2917 
Accounts and financing receivable, after allowance for credit loss  7 
Due from related parties 291  
Intangible assets, net (including goodwill)271218  
Intangible assets, net (excluding goodwill)271218  
Deposits noncurrent assets8720340 
Deferred income tax assets1,8921,792
Other noncurrent assets500351292 
Other undisclosed noncurrent assets 8403,5204,085
Total noncurrent assets:5,2265,9314,8374,762
TOTAL ASSETS:22,75317,46015,21814,850
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,8571,4921,0441,373
Accounts payable346621430536
Accrued liabilities352257 135
Employee-related liabilities843611614593
Taxes payable3162 109
Deferred revenue4,7092,491
Debt2662971111
Deferred revenue and credits2,993
Contract with customer, liability1,924
Other undisclosed current liabilities42775633(0)
Total current liabilities:7,2584,3553,6124,377
Noncurrent Liabilities
Long-term debt and lease obligation1,9161,175 11
Long-term debt, excluding current maturities1,063  11
Operating lease, liability8531,175
Liabilities, other than long-term debt1,9201,7481,00975
Deferred revenue and credits75
Deferred revenue1,9201,748
Contract with customer, liability962
Deferred rent credit  47
Total noncurrent liabilities:3,8372,9231,00987
Total liabilities:11,0957,2794,6214,464
Stockholders' equity
Stockholders' equity attributable to parent11,65910,18110,59710,386
Common stock1111
Treasury stock, value  (37)(112)
Additional paid in capital13,89413,89514,27314,955
Accumulated deficit(2,236)(3,714)(3,639)(4,457)
Total stockholders' equity:11,65910,18110,59710,386
TOTAL LIABILITIES AND EQUITY:22,75317,46015,21814,850

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues19,08818,71218,08016,524
Revenue, net16,524
Cost of revenue
(Cost of Goods and Services Sold)
(7,187)(8,998)(7,030)(6,291)
Gross profit:11,9009,71411,05010,233
Operating expenses(10,674)(9,451)(10,050)(8,927)
Operating income:1,2262621,0001,307
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
33109128(550)
Income from continuing operations before income taxes:1,2603711,128757
Income tax expense (benefit)219(447)(310)2,505
Net income (loss) available to common stockholders, diluted:1,478(75)8183,262

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):1,478(75)8183,262
Comprehensive income (loss), net of tax, attributable to parent:1,478(75)8183,262

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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