Independence Bancshares, Inc.: 10-K filed 2016-03-25

Name: Independence Bancshares, Inc.: 10-K filed 2016-03-25
Creator: Independence Bancshares, Inc.

What Independence Bancshares, Inc. reported in its annual report filed 2016-03-25 (fiscal FY 2015): 20 published measures, 41 facts as tagged in accession 0001206774-16-005100.

This filing

Form: 10-K (annual report)
Filed: 2016-03-25
Fiscal period: fiscal FY 2015
Accession: 0001206774-16-005100 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All Independence Bancshares, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2015-12-31	97,467,306	USD
At 2014-12-31	100,711,982	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2015-12-31	84,823,147	USD
At 2014-12-31	91,301,402	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2015-12-31	12,644,159	USD
At 2014-12-31	9,410,580	USD
At 2013-12-31	14,307,456	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2015-12-31	13,899,795	USD
At 2014-12-31	10,904,080	USD
At 2013-12-31	14,421,955	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	-4,798,519	USD	365
2014-01-01 to 2014-12-31	-6,500,256	USD	365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	30,260	USD	365
2014-01-01 to 2014-12-31	87,514	USD	365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2015-12-31	-30,718,272	USD
At 2014-12-31	-25,919,753	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	5,080	USD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2015-12-31	2,198,796	USD
At 2014-12-31	2,384,007	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	331,062	USD	365
2014-01-01 to 2014-12-31	312,024	USD	365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	2,209,978	USD	365
2014-01-01 to 2014-12-31	4,938,034	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2015-12-31	20,502,760	shares
At 2014-12-31	20,502,760	shares

Accumulated other comprehensive income or loss

Cumulative other comprehensive items after tax, such as translation and unrealized hedging or securities effects. These amounts have not passed through net income.

Period	Value	Unit	Days
At 2015-12-31	113,846	USD
At 2014-12-31	1,154	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2015-12-31	3,956,485	USD
At 2014-12-31	3,926,225	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2015-12-31	1,757,689	USD
At 2014-12-31	1,542,218	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2015-12-31	6,376,960	USD
At 2014-12-31	8,839,750	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	-4,793,439	USD	365
2014-01-01 to 2014-12-31	-6,500,256	USD	365

Comprehensive income or loss

Net income plus other comprehensive income after tax. It includes unrealized items that net income excludes and is not a cash measure.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	-4,685,827	USD	365
2014-01-01 to 2014-12-31	-5,282,384	USD	365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	215,471	USD	365
2014-01-01 to 2014-12-31	216,323	USD	365

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2015-01-01 to 2015-12-31	-2,404,737	USD	365
2014-01-01 to 2014-12-31	-2,338,716	USD	365

Inspect the source

Entity: Independence Bancshares, Inc. / CIK 0001311828
Captured: 2026-09-23 02:49 UTC
SEC response SHA-256: fac759895211032ef08915fc6d9aa645a74c9911b14b987ba73a7e39000dfa8a

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001311828.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))