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
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,078851,265 
Cash and cash equivalents1,078851,265 
Receivables2285221,572 
Inventory, net of allowances, customer advances and progress billings253
Inventory 253 
Prepaid expense114266167
Assets held-for-sale 4,4904,673 
Other undisclosed current assets 19240234 
Total current assets:1,4385,6057,965 
Noncurrent Assets
Property, plant and equipment269279320 
Intangible assets, net (including goodwill)8208197,127
Goodwill    
Intangible assets, net (excluding goodwill)8208197,127 
Other undisclosed noncurrent assets(230)(238)41 
Total noncurrent assets:8598607,487 
Other undisclosed assets269279320 
TOTAL ASSETS:2,5666,74515,772 
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15,21615,33916,886 
Accounts payable    
Other undisclosed accounts payable and accrued liabilities15,21615,33916,886 
Debt13,27514,14814,417 
Derivative instruments and hedges, liabilities18,18717,75616,903 
Deferred revenue and credits17   
Due to related parties646380 
Other undisclosed current liabilities1,4839,18610,531 
Total current liabilities:48,24256,49158,817 
Noncurrent Liabilities
Long-term debt and lease obligation15,84916,62817,013 
Long-term debt, excluding current maturities15,84916,62817,013 
Liabilities, other than long-term debt492424 
Financial instruments subject to mandatory redemption, settlement terms, share value, amount492424 
Other undisclosed noncurrent liabilities(12,453)(13,326)(13,595) 
Total noncurrent liabilities:3,4453,3263,442 
Total liabilities:51,68659,81762,258 
Equity
Equity, attributable to parent, including:(48,009)(51,654)(45,103) 
Common stock657268173 
Additional paid in capital274,177271,303268,293 
Accumulated other comprehensive loss(44)(69)(66) 
Accumulated deficit(322,621)(322,978)(313,324) 
Other undisclosed equity, attributable to parent(179)(179)(179) 
Equity, attributable to noncontrolling interest(1,111)(1,418)(1,383) 
Total equity:(49,120)(53,072)(46,486) 
TOTAL LIABILITIES AND EQUITY:2,5666,74515,772 

Income Statement (P&L) ($ in thousands)

12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Revenues4635121,424 
Cost of revenue(61)(179)(826) 
Gross profit:402333598 
Operating expenses(2,918)(7,624)(2,689) 
Operating loss:(2,516)(7,291)(2,091) 
Nonoperating expense(2,330)(1,872)(4,938) 
Other nonoperating income (expense)(112)37932 
Interest and debt expense(2,191)(2,381)(3,708) 
Loss from continuing operations:(7,037)(11,545)(10,737) 
Loss before gain (loss) on sale of properties:(7,037)(11,545)(10,737) 
Other undisclosed net income7,3952,6974,011 
Net income (loss):357(8,848)(6,726) 
Net income (loss) attributable to noncontrolling interest(307)35107 
Other undisclosed net income (loss) attributable to parent613(69)(214) 
Net income (loss) available to common stockholders, diluted:664(8,883)(6,833) 

Comprehensive Income ($ in thousands)

12/31/2013
Q4
9/30/2013
Q3
6/30/2013
Q2
3/31/2013
Q1
12/31/2012
Q4
Net income (loss):357(8,848)(6,726) 
Other undisclosed comprehensive income (loss)191(37)(103) 
Comprehensive income (loss):548(8,885)(6,830) 
Comprehensive income (loss), net of tax, attributable to noncontrolling interest307(35)(107) 
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(613)69214 
Comprehensive income (loss), net of tax, attributable to parent:242(8,851)(6,723) 

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.

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