Company research
FLEXPOINT SENSOR SYSTEMS INC
CIK 925660Updated Sep 24, 2026
SecurityFLXT · OTC · equity
Name history
MICROPOINT INC · through May 3, 1999NANOTECH CORP · through Feb 17, 1998
FLXT price & chart
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Recent filings
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Financials
FY 2023 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,223,784Source | 5,194,143Source | 4,920,373Source | 4,921,225Source |
| Property, Plant and EquipmentUSD | — | — | — | 1,451Source |
| GoodwillUSD | 4,896,917Source | 4,896,917Source | 4,896,917Source | 4,896,917Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | 402Source | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 44,374Source | 20,135Source | 8,918Source | 8,173Source |
| Assets, CurrentUSD | 51,039Source | 29,083Source | 9,832Source | 22,807Source |
| Prepaid Expense and Other Assets, CurrentUSD | 6,665Source | 8,948Source | 512Source | 14,634Source |
| Operating Lease, Right-of-Use AssetUSD | 262,204Source | 254,519Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,969,302Source | 4,154,722Source | 3,634,168Source | 2,947,318Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 125,557Source | 125,557Source | 114,396Source | 99,713Source |
| Additional Paid in CapitalUSD | 31,801,069Source | 31,801,069Source | 31,254,182Source | 30,882,936Source |
| Retained Earnings (Accumulated Deficit)USD | -31,672,144Source | -30,887,205Source | -30,082,373Source | -29,394,671Source |
| Stockholders' Equity Attributable to ParentUSD | 254,482Source | 1,039,421Source | 1,286,205Source | 1,973,907Source |
| Liabilities and EquityUSD | 5,223,784Source | 5,194,143Source | 4,920,373Source | 4,921,225Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 4,765,242Source | 3,956,658Source | 3,634,168Source | 2,887,818Source |
| Operating Lease, Liability, CurrentUSD | 59,404Source | 57,679Source | — | — |
| Accounts Payable, CurrentUSD | — | — | 226,447Source | 233,073Source |
| Operating Lease, Liability, NoncurrentUSD | 204,060Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,777,959Source | 2,416,589Source | 2,203,727Source | 1,846,382Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | 8,203Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 24,239Source | 11,217Source | 745Source | -27,499Source |
| Increase (Decrease) in Accounts PayableUSD | — | 38,820Source | — | 55,426Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -439,333Source | -319,295Source | -439,448Source | -424,154Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 439,333Source | 318,897Source | 439,850Source | 254,150Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | -170,004Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | — | 2,451,971Source | — | — |
| Amortization of Intangible AssetsUSD | — | 974,045Source | — | — |
| DepreciationUSD | 0Source | — | 1,451Source | 2,239Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 119,000Source | 443,636Source |
| GoodwillUSD | 4,896,917Source | 4,896,917Source | 4,896,917Source | 4,896,917Source |
| Investment Income, InterestUSD | — | — | 3Source | 284Source |
| Net Income (Loss) Attributable to ParentUSD | -784,939Source | -804,832Source | -687,702Source | -607,066Source |
| Nonoperating Income (Expense)USD | -114,488Source | -75,582Source | 25,572Source | 188,735Source |
| Operating Costs and ExpensesUSD | 776,137Source | — | — | — |
| Operating ExpensesUSD | — | 880,406Source | 923,523Source | 895,239Source |
| Stock or Unit Option Plan ExpenseUSD | — | — | — | 8,203Source |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Total RevenueUSD | 105,686Source | 151,156Source | 210,249Source | 99,438Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 519,107Source | 620,921Source | 629,139Source | 576,300Source |
| Operating Income (Loss)USD | -670,451Source | -729,250Source | -713,274Source | -795,801Source |
| Net Income (Loss) Attributable to ParentUSD | -784,939Source | -804,832Source | -687,702Source | -607,066Source |
| Earnings Per Share, BasicUSD per share | -0.06Source | -0.01Source | — | — |
| Earnings Per Share, DilutedUSD per share | -0.06Source | -0.01Source | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 125,557,114Source | 123,294,410Source | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 125,557,114Source | 123,294,410Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 974,045Source | — | — |
| Interest ExpenseUSD | 116,288Source | 76,782Source | 96,983Source | 255,185Source |
| Investment Income, InterestUSD | — | — | 3Source | 284Source |
| Nonoperating Income (Expense)USD | -114,488Source | -75,582Source | 25,572Source | 188,735Source |
| Operating Costs and ExpensesUSD | 776,137Source | — | — | — |
| Operating ExpensesUSD | — | 880,406Source | 923,523Source | 895,239Source |
| Other Cost and Expense, OperatingUSD | — | 36,258Source | 31,400Source | — |
| Other IncomeUSD | 1,800Source | 1,200Source | — | — |
| Research and Development ExpenseUSD | 223,505Source | 223,227Source | 262,984Source | 283,471Source |