Security
IOTC · IOTACOMM, INC.
IOTCNASDAQCommon stockHistorical · closed Apr 18, 2022CIK 1095130Updated Sep 26, 2026
Name 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
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Recent filings
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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 |