QUADRANT 4 SYSTEM CORP Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1501 E. WOODFIELD ROAD, SUITE 205 S SCHAUMBURG, IL 60173 |
| State of Incorp. | IL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2016 MRQ | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 246 | 2,286 | 897 | 87 | |||
| Cash and cash equivalent | 246 | 2,286 | 897 | 87 | |||
| Receivables | 9,556 | 10,119 | 5,766 | 4,268 | |||
| Inventory, net of allowances, customer advances and progress billings | 95 | ✕ | ✕ | ||||
| Inventory | 95 | ||||||
| Deferred costs | 1,200 | ||||||
| Other current assets | 148 | 234 | 466 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 1,200 | ||
| Other undisclosed current assets | (1,200) | ||||||
| Total current assets: | 10,046 | 12,638 | 7,129 | 5,554 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 535 | 36 | 21 | 4 | |||
| Intangible assets, net (including goodwill) | 13,571 | 12,480 | 16,608 | 9,785 | |||
| Goodwill | 2,005 | ||||||
| Intangible assets, net (excluding goodwill) | 11,567 | 12,480 | 16,608 | 9,785 | |||
| Deferred costs | 11,358 | 5,747 | |||||
| Other noncurrent assets | 327 | 361 | 3,410 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 2,566 | ||
| Other undisclosed noncurrent assets | 1,317 | 1,200 | |||||
| Total noncurrent assets: | 27,108 | 19,824 | 20,040 | 12,355 | |||
| TOTAL ASSETS: | 37,154 | 32,462 | 27,169 | 17,909 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities, including: | 5,652 | 4,413 | 4,272 | 2,962 | |||
| Other undisclosed accounts payable and accrued liabilities | 5,652 | 4,413 | 4,272 | 2,962 | |||
| Debt | 2,790 | 651 | 443 | 689 | |||
| Derivative instruments and hedges, liabilities | 249 | ||||||
| Business combination, contingent consideration, liability | 343 | ✕ | ✕ | ||||
| Other undisclosed current liabilities | 7,602 | 6,750 | 5,553 | 2,608 | |||
| Total current liabilities: | 16,387 | 11,814 | 10,267 | 6,509 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 4,501 | 5,835 | 5,648 | 7,537 | |||
| Long-term debt, excluding current maturities | 4,339 | 5,835 | 5,648 | 7,537 | |||
| Capital lease obligations | 162 | ||||||
| Liabilities, other than long-term debt | 1,413 | ||||||
| Other liabilities | 1,164 | ||||||
| Derivative instruments and hedges, liabilities | 249 | ||||||
| Total noncurrent liabilities: | 4,501 | 5,835 | 5,648 | 8,950 | |||
| Total liabilities: | 20,888 | 17,649 | 15,915 | 15,458 | |||
| Equity | |||||||
| Equity, attributable to parent | 16,266 | 14,813 | 11,254 | 2,451 | |||
| Common stock | 109 | 103 | 92 | 55 | |||
| Additional paid in capital | 35,194 | 33,232 | 24,540 | 11,632 | |||
| Accumulated deficit | (19,037) | (18,521) | (13,378) | (9,235) | |||
| Total equity: | 16,266 | 14,813 | 11,254 | 2,451 | |||
| TOTAL LIABILITIES AND EQUITY: | 37,154 | 32,462 | 27,169 | 17,909 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues | 52,038 | 48,492 | 37,344 | 26,562 | ||
| Cost of revenue | (31,168) | (30,917) | (27,709) | (20,185) | ||
| Gross profit: | 20,870 | 17,575 | 9,634 | 6,376 | ||
| Operating expenses | (18,644) | (10,683) | (4,860) | |||
| Operating income (loss): | 20,870 | (1,069) | (1,049) | 1,516 | ||
| Nonoperating income (Debt Instrument, Convertible, Beneficial Conversion Feature) | 70 | |||||
| Interest and debt expense | (1,944) | (1,877) | (2,571) | (1,833) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 18,926 | (2,947) | (3,620) | (247) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (19,442) | 1,877 | (523) | (5,430) | ||
| Loss from continuing operations: | (516) | (1,069) | (4,143) | (5,677) | ||
| Loss before gain (loss) on sale of properties: | (516) | (1,069) | (4,143) | (5,677) | ||
| Net loss available to common stockholders, diluted: | (516) | (1,069) | (4,143) | (5,677) | ||
Comprehensive Income ($ in thousands)
| 9/30/2016 TTM | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net loss: | (516) | (1,069) | (4,143) | (5,677) | ||
| Comprehensive loss, net of tax, attributable to parent: | (516) | (1,069) | (4,143) | (5,677) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.