Wave Sync Corp. (WAYS) financial statements (2021 and earlier)

Company profile

Business Address 40 WALL STREET, 28TH FLOOR
NEW YORK, NY 10005
State of Incorp. DE
Fiscal Year End December 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments110481141
Cash and cash equivalents110481141
Receivables071,3561,548
Prepaid expense69188
Advances on inventory purchases 3665 
Other undisclosed current assets 430
Total current assets:7671,9221,697
Noncurrent Assets
Property, plant and equipment1672021
Intangible assets, net (including goodwill) 3,95201
Intangible assets, net (excluding goodwill) 3,95201
Deposits noncurrent assets  1210
Total noncurrent assets:14,0193232
TOTAL ASSETS:84,0861,9541,729
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3692031951,455
Accounts payable322160150185
Accrued liabilities47373635
Taxes payable 691,235
Debt5276157317
Due to related parties9946852,430892
Total current liabilities:1,4159652,7822,664
Noncurrent Liabilities
Long-term debt and lease obligation   10
Capital lease obligations   10
Total noncurrent liabilities:   10
Total liabilities:1,4159652,7822,674
Stockholders' equity
Stockholders' equity attributable to parent(1,407)3,122(828)(945)
Common stock21212020
Additional paid in capital25,88924,77615,82315,823
Accumulated other comprehensive loss(259)(223)(80)(53)
Accumulated deficit(27,059)(21,452)(16,591)(16,734)
Total stockholders' equity:(1,407)3,122(828)(945)
TOTAL LIABILITIES AND EQUITY:84,0861,9541,729

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8623131191
Cost of revenue(84)(1)(0)(1)
Gross profit:223031190
Operating expenses(1,671)(1,448)(1,263)(1,667)
Operating loss:(1,670)(1,219)(1,232)(1,477)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(3,937)(3,643)(1)2
Interest and debt expense (1)(1)(2)
Loss from continuing operations before equity method investments, income taxes:(5,607)(4,862)(1,234)(1,477)
Other undisclosed income from continuing operations before income taxes 112
Net loss available to common stockholders, diluted:(5,607)(4,862)(1,233)(1,475)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(5,607)(4,862)(1,233)(1,475)
Other comprehensive loss(35)(143)(27)(53)
Comprehensive loss, net of tax, attributable to parent:(5,642)(5,005)(1,260)(1,528)

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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