Velatel Global Communications Inc (CHTL) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
5950 LA PLACE COURT, SUITE 160 CARLSBAD, CA 92008 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4812 - Radiotelephone Communications (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|
| ASSETS | ||||
| Current Assets | ||||
| Cash, cash equivalents, and short-term investments | 208 | |||
| Cash and cash equivalents | 208 | |||
| Receivables | 446 | |||
| Inventory, net of allowances, customer advances and progress billings | ✕ | |||
| Inventory | ||||
| Prepaid expense | ✕ | |||
| Prepaid expense and other current assets | ✕ | 99 | ||
| Assets held-for-sale | 4,677 | |||
| Other undisclosed current assets | 68 | |||
| Total current assets: | 5,498 | |||
| Noncurrent Assets | ||||
| Property, plant and equipment | 409 | |||
| Intangible assets, net (including goodwill) | 819 | |||
| Goodwill | ||||
| Intangible assets, net (excluding goodwill) | 819 | |||
| Assets of disposal group, including discontinued operation | 4,594 | |||
| Other undisclosed noncurrent assets | (4,363) | |||
| Total noncurrent assets: | 1,459 | |||
| Other undisclosed assets | 409 | |||
| TOTAL ASSETS: | 7,366 | |||
| LIABILITIES AND EQUITY | ||||
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts payable and accrued liabilities, including: | 12,954 | |||
| Accounts payable | ||||
| Other undisclosed accounts payable and accrued liabilities | 12,954 | |||
| Debt | 9,374 | |||
| Derivative instruments and hedges, liabilities | 6,394 | |||
| Disposal group, including discontinued operation | 8,972 | |||
| Deferred revenue and credits | ||||
| Due to related parties | 826 | |||
| Other undisclosed current liabilities | 1,951 | |||
| Total current liabilities: | 40,471 | |||
| Noncurrent Liabilities | ||||
| Long-term debt and lease obligation | 3,450 | |||
| Long-term debt, excluding current maturities | 3,450 | |||
| Liabilities, other than long-term debt | 12 | |||
| Financial instruments subject to mandatory redemption, settlement terms, share value, amount | 12 | |||
| Other undisclosed noncurrent liabilities | ||||
| Total noncurrent liabilities: | 3,462 | |||
| Total liabilities: | 43,933 | |||
| Equity | ||||
| Equity, attributable to parent, including: | (35,291) | |||
| Common stock | 105 | |||
| Additional paid in capital | 263,200 | |||
| Accumulated other comprehensive loss | (69) | |||
| Accumulated deficit | (298,348) | |||
| Other undisclosed equity, attributable to parent | (179) | |||
| Equity, attributable to noncontrolling interest | (1,276) | |||
| Total equity: | (36,567) | |||
| TOTAL LIABILITIES AND EQUITY: | 7,366 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|
| Revenues | 1,877 | ||
| Cost of revenue | (1,210) | ||
| Gross profit: | 667 | ||
| Operating expenses | (22,820) | ||
| Operating loss: | (22,153) | ||
| Nonoperating expense | (16,159) | ||
| Interest and debt expense | 9,447 | ||
| Loss from continuing operations: | (28,866) | ||
| Loss before gain (loss) on sale of properties: | (36,154) | ||
| Loss from discontinued operations | (7,289) | ||
| Other undisclosed net income (loss) | (9,447) | ||
| Net loss: | (45,601) | ||
| Net income (loss) attributable to noncontrolling interest | 2,448 | ||
| Other undisclosed net income attributable to parent | |||
| Net loss available to common stockholders, diluted: | (43,153) | ||
Comprehensive Income ($ in thousands)
| 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|
| Net loss: | (45,601) | ||
| Other undisclosed comprehensive income (loss) | (69) | ||
| Comprehensive loss: | (45,671) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (2,448) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 4,896 | ||
| Comprehensive loss, net of tax, attributable to parent: | (43,223) | ||
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.