Innovative Designs, Inc.
Balance Sheet
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $214.9K | $502.8K | $1.2M | $988.7K | $69.6K | $55.0K | $91.2K | $117.0K |
| Accounts Receivable | $23.8K | $72.1K | $85.8K | $64.3K | $90.6K | $102.4K | $191.1K | $152.2K |
| Inventory | $729.8K | $936.6K | $924.1K | $889.6K | $614.6K | $623.7K | $700.9K | $904.5K |
| Total Current Assets | $1.1M | $1.5M | $2.2M | $2.0M | $860.2K | $829.9K | $1.0M | $1.2M |
| Property, Plant & Equipment | $160.9K | $176.9K | $51.2K | $56.2K | $18.3K | $20.4K | $1.3K | $1.8K |
| Goodwill | — | — | — | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $1.8M | $2.3M | $2.7M | $2.0M | $878.5K | $850.4K | $1.0M | $1.2M |
| Liabilities | ||||||||
| Accounts Payable | $129.3K | $116.5K | $119.4K | $87.9K | $83.2K | $64.5K | $78.0K | $43.5K |
| Total Current Liabilities | $335.2K | $394.2K | $658.9K | $749.1K | $898.3K | $804.1K | $546.4K | $708.9K |
| Long-Term Debt | $255.9K | $323.4K | $603.9K | $716.9K | $906.9K | $705.6K | — | — |
| Total Liabilities | $454.4K | $583.1K | $894.1K | $1.1M | $1.2M | $1.2M | $909.6K | $1.1M |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-8.3M | $-7.7M | $-7.1M | $-6.6M | $-6.1M | $-6.0M | $-5.5M | $-5.6M |
| Total Stockholders' Equity | $1.4M | $1.7M | $1.8M | $956.0K | $-355.1K | $-301.4K | $112.9K | $93.3K |