$AILE
iLearningEngines Inc

2021 Form 10-K Financial Statement

#000114036122012289 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4
Revenue $0.00
YoY Change
Cost Of Revenue $64.83M
YoY Change
Gross Profit $153.0M
YoY Change
Gross Profit Margin
Selling, General & Admin $3.859M
YoY Change
% of Gross Profit 2.52%
Research & Development $70.91M
YoY Change
% of Gross Profit 46.34%
Depreciation & Amortization $0.00
YoY Change
% of Gross Profit 0.0%
Operating Expenses $3.859M
YoY Change
Operating Profit -$3.859M -$1.724K
YoY Change
Interest Expense $23.63K
YoY Change
% of Operating Profit
Other Income/Expense, Net $8.704M $0.00
YoY Change
Pretax Income $4.845M
YoY Change
Income Tax $0.00 $0.00
% Of Pretax Income 0.0%
Net Earnings $4.845M -$1.724K
YoY Change
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share $156.0K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $262.7K
YoY Change 1213.35%
Cash & Equivalents $21.97K
Short-Term Investments
Other Short-Term Assets $514.5K
YoY Change
Inventory
Prepaid Expenses $0.00
Receivables $32.95M
Other Receivables $362.0K
Total Short-Term Assets $777.2K $21.97K
YoY Change 3786.1%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $287.5M
YoY Change
Other Assets $0.00
YoY Change -100.0%
Total Long-Term Assets $287.5M $94.57K
YoY Change 287423.64%
TOTAL ASSETS
Total Short-Term Assets $777.2K $21.97K
Total Long-Term Assets $287.5M $94.57K
Total Assets $288.3M $116.5K
YoY Change 240150.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.178M
YoY Change
Accrued Expenses $0.00
YoY Change -100.0%
Deferred Revenue
YoY Change
Short-Term Debt $750.0K
YoY Change
Long-Term Debt Due $3.450M
YoY Change
Total Short-Term Liabilities $1.928M $88.26K
YoY Change 2042.12%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $22.05M
YoY Change
Total Long-Term Liabilities $22.05M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.928M $88.26K
Total Long-Term Liabilities $22.05M
Total Liabilities $23.98M $88.26K
YoY Change 26546.29%
SHAREHOLDERS EQUITY
Retained Earnings -$1.724K
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $264.3M $28.28K
YoY Change
Total Liabilities & Shareholders Equity $288.3M $116.5K
YoY Change 240150.72%

Cashflow Statement

Concept 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $4.845M -$1.724K
YoY Change
Depreciation, Depletion And Amortization $0.00
YoY Change
Cash From Operating Activities -$2.436M -$683.00
YoY Change
INVESTING ACTIVITIES
Capital Expenditures $18.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$287.5M
YoY Change
Cash From Investing Activities -$287.5M $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $30.00K
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 290.2M 22.65K
YoY Change 1450785.69%
NET CHANGE
Cash From Operating Activities -2.436M -683.0
Cash From Investing Activities -287.5M 0.000
Cash From Financing Activities 290.2M 22.65K
Net Change In Cash 240.7K 21.97K
YoY Change 1103.53%
FREE CASH FLOW
Cash From Operating Activities -$2.436M -$683.00
Capital Expenditures $18.00K
Free Cash Flow -$2.454M
YoY Change

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<div><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span> <span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-style: italic; font-weight: bold; font-size: 10pt;">Use of Estimates</div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></div> <div style="text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </span> </div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">The preparation of the financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.</div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </span> </div> <div><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></div> <div style="text-align: justify; font-family: 'Times New Roman'; font-size: 10pt;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available and accordingly, the actual results could differ significantly from those estimates.</div>
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