Company research
IOTACOMM, INC.
CIK 1095130Updated Sep 26, 2026
Securities
Historical securities (1)
IOTC · NASDAQ · equity · closed Apr 18, 2022Name history
IOTA COMMUNICATIONS, INC. · through Apr 14, 2025Solbright Group, Inc. · through Nov 7, 2018ARKADOS GROUP, INC. · through Nov 3, 2017CDKNET COM INC · through Sep 1, 2006
IOTC price & chart
Historical security
This listing closed Apr 18, 2022. Live provider charts are shown only for current listings.
In the news
No coverage from other publishers is available.
Recent filings
Show 5 more recent filings
Financials
FY 2019 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 12,977,628Source | 15,670,051Source | 19,015,678Source | 584,643Source |
| Property, Plant and Equipment, NetUSD | 10,124,763Source | 21,695Source | 27,309Source | 7,642Source |
| GoodwillUSD | 0Source | 13,039,399Source | 13,039,399Source | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 286,538Source | 914,983Source | 2,727,890Source | — |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 507,345Source | 16,441Source | 1,086,497Source | 192,100Source |
| Inventory, NetUSD | — | — | — | 120,410Source |
| Assets, CurrentUSD | 2,477,832Source | 1,663,685Source | 3,200,696Source | 556,617Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | 361,557Source | 613,927Source | 187,935Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 107,735,606Source | 11,250,671Source | 13,003,130Source | 2,138,863Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 400Source | — | — |
| Common Stock, Value, IssuedUSD | 21,921Source | 2,911Source | 2,119Source | — |
| Additional Paid in CapitalUSD | 24,539,004Source | 66,399,526Source | 52,558,974Source | 41,645,382Source |
| Retained Earnings (Accumulated Deficit)USD | -119,318,903Source | -61,983,057Source | -46,548,545Source | -43,200,939Source |
| Stockholders' Equity Attributable to ParentUSD | -94,757,978Source | 4,419,380Source | 6,012,548Source | -1,554,220Source |
| Liabilities and EquityUSD | 12,977,628Source | 15,670,051Source | 19,015,678Source | 584,643Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 26,005,842Source | 11,250,671Source | 4,962,424Source | 2,138,863Source |
| Accounts Payable, CurrentUSD | 14,136,259Source | 3,776,639Source | 2,146,516Source | 782,654Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 1,337,628Source | — | — | — |
| Deferred Revenue, CurrentUSD | 228,893Source | — | — | — |
| Long-term DebtUSD | — | 179,180Source | 456,930Source | 456,930Source |
cash flow · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,220,445Source | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 18,058,910Source | 976,240Source | 590,661Source | 1,705,497Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 373,812Source | -394,056Source | 894,397Source | 59,751Source |
| Increase (Decrease) in InventoriesUSD | -38,210Source | — | -120,410Source | -36,295Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -20,185,177Source | -324,712Source | — | — |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 3,000,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -5,820,033Source | -9,905Source | -3,010,000Source | — |
| Payments to Acquire Property, Plant, and EquipmentUSD | 198,006Source | — | 10,000Source | 8,433Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 25,300,928Source | -21,100Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -704,282Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 327,865Source | 91,043Source | — | — |
| Income Taxes Paid, NetUSD | 0Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Deferred ChargesUSD | 215,237Source | — | — | — |
| Amortization of Debt Issuance CostsUSD | 212,430Source | — | — | — |
| Amortization of Debt Issuance Costs and DiscountsUSD | 1,136,037Source | 3,117,117Source | 677,517Source | — |
| Amortization of Intangible AssetsUSD | — | 553,320Source | — | — |
| Asset Retirement Obligation, Accretion ExpenseUSD | 53,306Source | — | — | — |
| DepreciationUSD | 1,129,695Source | — | — | 791Source |
| Gain (Loss) on Disposition of AssetsUSD | -130,392Source | — | — | — |
| Gain (Loss) on Extinguishment of DebtUSD | -131,408Source | 86,258Source | -145,580Source | — |
| GoodwillUSD | 0Source | 13,039,399Source | 13,039,399Source | — |
| Impairment of Intangible Assets (Excluding Goodwill)USD | 615,662Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 5,865,553Source | 1,259,587Source | — | 249,113Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | 615,662Source | — | — | — |
| Income Tax Expense (Benefit)USD | 0Source | -8,046Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -56,777,401Source | -15,803,911Source | -3,347,606Source | -3,109,331Source |
| Nonoperating Income (Expense)USD | -3,320,061Source | -7,644,542Source | -442,067Source | -30,419Source |
| Operating ExpensesUSD | 53,265,266Source | 8,898,974Source | 3,592,057Source | 4,040,040Source |
| Other Nonoperating Income (Expense)USD | -27,122Source | — | — | — |
| Payments of Financing CostsUSD | 0Source | — | — | — |
| Proceeds from Issuance of Common StockUSD | 4,599,965Source | — | 1,230,000Source | 503,000Source |
| Stock or Unit Option Plan ExpenseUSD | 608,346Source | — | — | — |
income statement · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 2,346,811Source | 1,871,030Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 16,730,695Source | 7,636,737Source | 3,523,618Source | 3,702,665Source |
| Operating Income (Loss)USD | -53,457,340Source | -8,167,415Source | -2,905,539Source | -3,078,912Source |
| Other Nonoperating Income (Expense)USD | -27,122Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -56,777,401Source | -15,811,957Source | -3,347,606Source | -3,109,331Source |
| Income Tax Expense (Benefit)USD | 0Source | -8,046Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -56,777,401Source | -15,803,911Source | -3,347,606Source | -3,109,331Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 553,320Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,220,745Source | 558,935Source | 47,545Source | — |
| Gross ProfitUSD | -192,074Source | 731,559Source | 686,518Source | 961,128Source |
| Interest ExpenseUSD | 3,200,278Source | 4,019,099Source | 296,487Source | 29,288Source |
| Interest Expense, DebtUSD | 44,480Source | — | — | — |
| Interest Income (Expense), Nonoperating, NetUSD | 38,747Source | — | — | — |
| Marketing and Advertising ExpenseUSD | 170,895Source | — | — | — |
| Nonoperating Income (Expense)USD | -3,320,061Source | -7,644,542Source | -442,067Source | -30,419Source |
| Operating ExpensesUSD | 53,265,266Source | 8,898,974Source | 3,592,057Source | 4,040,040Source |
| Research and Development ExpenseUSD | 4,088,991Source | 2,650Source | 68,439Source | 337,375Source |