Guardforce AI Co., Limited (GFAI)

Guardforce AI Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	13.98	20.24	6.93	12.73	8.41	6.08
Cash & Short-Term Investments	13.98	20.24	6.93	12.73	8.41	6.08
Cash Growth	-43.49%	191.97%	-45.55%	51.28%	38.42%	37.14%
Accounts Receivable	5.32	5.63	5.4	4.94	5.49	5.56
Other Receivables	0.31	0.33	0.29	0.13	0.13	0.27
Receivables	5.63	5.96	5.69	5.07	5.62	5.83
Inventory	0.38	0.51	5.11	1.39	0.5	-
Prepaid Expenses	2.14	1.1	0.98	1.01	1.3	1.2
Restricted Cash	0.03	0.1	-	1.6	-	-
Other Current Assets	0.56	3.22	16.55	0.17	1.2	0.29
Total Current Assets	22.72	31.12	35.26	21.96	17.03	13.4
Property, Plant & Equipment	5.87	6.73	12.24	12.26	12.07	15.3
Goodwill	0.41	0.41	2.68	0.33	-	-
Other Intangible Assets	2.68	2.84	5.79	0.16	0.22	0.25
Long-Term Deferred Tax Assets	1.11	1.09	1.51	1.64	1.04	1.01
Long-Term Deferred Charges	-	-	0.01	0.05	-	-
Other Long-Term Assets	3.39	3.63	3.67	5.35	5.61	9.01
Total Assets	36.18	45.81	61.17	41.75	35.97	39.29
Accounts Payable	2.55	2.11	2.06	0.68	1.59	1.63
Accrued Expenses	1.61	5.9	5.22	2.14	2.48	1.75
Short-Term Debt	0.06	3.1	4.88	0.02	-	17.24
Current Portion of Long-Term Debt	0.13	0.34	3.18	16.07	0.49	1.97
Current Portion of Leases	1.51	1.35	2.17	2.99	2.84	3.77
Current Income Taxes Payable	-	-	-	-	0.28	-
Current Unearned Revenue	0.04	0.26	0.57	0.04	-	-
Other Current Liabilities	0.75	0.95	1.13	0.57	0.39	0.27
Total Current Liabilities	6.65	14.01	19.21	22.5	8.08	26.64
Long-Term Debt	-	0.04	15.36	6.19	20.08	0.2
Long-Term Leases	1.33	1.67	2.57	0.67	3.13	4.68
Other Long-Term Liabilities	-	-	0.04	0.05	-	-
Total Liabilities	12.57	20.66	42.03	35.23	38.13	37.96
Common Stock	1.23	1.18	0.19	0.06	0.05	0.05
Additional Paid-In Capital	82.01	80.98	46.23	15.38	2.08	2.36
Retained Earnings	-59.96	-58.12	-28.55	-9.98	-4.5	-1.37
Comprehensive Income & Other	0.41	1.19	1.31	1.02	0.15	0.22
Total Common Equity	23.69	25.23	19.19	6.49	-2.21	1.26
Minority Interest	-0.07	-0.08	-0.06	0.04	0.05	0.07
Shareholders' Equity	23.62	25.15	19.13	6.52	-2.16	1.33
Total Liabilities & Equity	36.18	45.81	61.17	41.75	35.97	39.29
Total Debt	3.03	6.51	28.16	25.93	26.55	27.86
Net Cash (Debt)	10.95	13.73	-21.23	-13.2	-18.13	-21.78
Net Cash Per Share	1.10	2.10	-17.12	-28.64	-42.14	-52.28
Filing Date Shares Outstanding	10.24	9.95	1.94	0.79	0.44	0.42
Total Common Shares Outstanding	10.24	9.83	1.62	0.53	0.43	0.42
Working Capital	16.07	17.11	16.05	-0.54	8.94	-13.24
Book Value Per Share	2.31	2.57	11.86	12.23	-5.09	3.03
Tangible Book Value	20.59	21.98	10.72	5.99	-2.43	1.01
Tangible Book Value Per Share	2.01	2.24	6.62	11.30	-5.61	2.42
Machinery	29.34	32.76	34.88	33.84	32.32	32.1
Construction In Progress	0.03	0.11	0.03	0.25	-	0.33
Leasehold Improvements	1.91	3.07	3.15	3.24	3.65	3.62

Source: S&P Capital IQ. Standard template. Financial Sources.