INTELLIGENT PROTECTION MANAGEMENT CORP.
Balance Sheet
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $4.1M | $4.2M | $6.7M | $7.6M | $927.4K | $5.4M | $2.4M | $3.0M |
| Accounts Receivable | $479.1K | $958.7K | $832.6K | $221.1K | $385.4K | $320.0K | $480.2K | $185.6K |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | $5.0M | $6.3M | $8.7M | $2.2M | $2.2M | $6.3M | $9.9M | $3.5M |
| Property, Plant & Equipment | $622.7K | $793.3K | $917.7K | $563.1K | $522.5K | $548.5K | $578.5K | — |
| Goodwill | $13.1M | $14.3M | $4.3M | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $3.9M | $5.6M | $2.5M | — | — | $548.5K | — | — |
| Total Assets | $22.8M | $27.5M | $17.3M | $3.2M | $2.9M | $7.0M | $10.6M | $3.6M |
| Liabilities | ||||||||
| Accounts Payable | $2.4M | $1.7M | $667.8K | $1.1M | $861.7K | $799.2K | $1.0M | $497.3K |
| Total Current Liabilities | $5.3M | $5.0M | $3.8M | $4.5M | $3.7M | $3.6M | $5.0M | $3.0M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $5.3M | $6.7M | $4.0M | $4.7M | $3.8M | $5.2M | $6.0M | $3.0M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-923.1K | $5.0M | $6.4M | $-13.4M | $-11.7M | $-7.7M | $-3.7M | $-2.1M |
| Total Stockholders' Equity | $17.4M | $20.8M | $13.3M | $13.4M | $-869.1K | $1.8M | $4.6M | $664.7K |
I think that, every time you see the word EBITDA, you should substitute the words 'bullshit earnings.'