SKYX PLATFORMS CORP.: 10-K filed 2018-04-02

Name: SKYX PLATFORMS CORP.: 10-K filed 2018-04-02
Creator: SKYX PLATFORMS CORP.

What SKYX PLATFORMS CORP. reported in its annual report filed 2018-04-02 (fiscal FY 2017): 32 published measures, 66 facts as tagged in accession 0001721868-18-000236.

This filing

Form: 10-K (annual report)
Filed: 2018-04-02
Fiscal period: fiscal FY 2017
Accession: 0001721868-18-000236 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 SKYX PLATFORMS CORP. 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 2017-12-31	10,422,656	USD
At 2016-12-31	12,462,867	USD

Total liabilities

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

Period	Value	Unit	Days
At 2017-12-31	35,070,052	USD
At 2016-12-31	40,160,536	USD

Stockholders equity

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

Period	Value	Unit
At 2017-12-31	-70,400,965	USD
At 2016-12-31	-72,091,238	USD
At 2015-12-31	-32,749,407	USD
At 2014-12-31	-9,362,177	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 2017-12-31	4,877,720	USD
At 2016-12-31	4,125,888	USD
At 2015-12-31	450,868	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
2017-01-01 to 2017-12-31	-26,718,685	USD	365
2016-01-01 to 2016-12-31	-98,447,858	USD	366

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	-4,349,173	USD	365
2016-01-01 to 2016-12-31	-6,166,446	USD	366

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	7,700,948	USD	365
2016-01-01 to 2016-12-31	7,014,978	USD	366

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	5,342,658	USD	365
2016-01-01 to 2016-12-31	9,885,160	USD	366

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	-241,653	USD	365
2016-01-01 to 2016-12-31	-43,694	USD	366

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 2017-12-31	-168,050,716	USD
At 2016-12-31	-141,182,294	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
2017-01-01 to 2017-12-31	0	USD	365
2016-01-01 to 2016-12-31	0	USD	366

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 2017-12-31	194,872	USD
At 2016-12-31	113,605	USD

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2017-12-31	8,341,972	USD
At 2016-12-31	7,364,989	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
2017-01-01 to 2017-12-31	294,734	USD	365
2016-01-01 to 2016-12-31	980,867	USD	366

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2017-12-31	31,613,320	USD
At 2016-12-31	28,784,515	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2017-12-31	204,412	USD
At 2016-12-31	106,342	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2017-12-31	1,049,965	USD
At 2016-12-31	796,824	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	8,223,710	USD	365
2016-01-01 to 2016-12-31	6,866,355	USD	366

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2017-12-31	2,352,573	USD
At 2016-12-31	2,401,048	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	1,321,220	USD	365
2016-01-01 to 2016-12-31	878,583	USD	366

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 2017-12-31	53,174,901	shares
At 2016-12-31	53,174,901	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2017-12-31	77,144,933	USD
At 2016-12-31	56,910,107	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit	Days
At 2017-12-31	-70,365,523	USD
At 2016-12-31	-72,055,796	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2017-12-31	3,727,954	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 2017-12-31	311,930	USD
At 2016-12-31	179,740	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 2017-12-31	117,058	USD
At 2016-12-31	66,135	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	5,126,302	USD	365
2016-01-01 to 2016-12-31	4,383,751	USD	366

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
2017-01-01 to 2017-12-31	50,915	USD	365
2016-01-01 to 2016-12-31	26,483	USD	366

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	11,395	USD	365
2016-01-01 to 2016-12-31	7,958	USD	366

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	5,365,000	USD	365
2016-01-01 to 2016-12-31	7,460,000	USD	366

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	-253,141	USD	365
2016-01-01 to 2016-12-31	-562,515	USD	366

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2017-01-01 to 2017-12-31	48,475	USD	365
2016-01-01 to 2016-12-31	-2,137,177	USD	366

Inspect the source

Entity: SKYX PLATFORMS CORP. / CIK 0001598981
Captured: 2026-09-20T09:25:05.010Z
SEC response SHA-256: 88a5dc6514d746e831c5d76d2c49a6025af3f969e7d34f5dfa84fd7118b82a68

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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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001598981.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"])))