Cover All Technologies Inc (COVR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
18 01 POLLITT DR FAIR LAWN, NJ 07410 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 4,565 | 1,849 | 1,354 | |||
| Cash and cash equivalents | 4,565 | 1,849 | 1,354 | |||
| Receivables | 2,533 | 2,604 | 2,366 | |||
| Prepaid expense | 362 | 492 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 528 | ||
| Deferred tax assets | 864 | 851 | 911 | |||
| Total current assets: | 8,323 | 5,795 | 5,159 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 500 | 709 | 923 | |||
| Intangible assets, net (including goodwill) | 1,039 | 1,441 | 1,600 | |||
| Goodwill | 1,039 | 1,039 | 1,039 | |||
| Intangible assets, net (excluding goodwill) | 402 | 561 | ||||
| Deferred costs | 24 | 56 | 84 | |||
| Other noncurrent assets | 148 | 425 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | 363 | ||
| Deferred tax assets, net | 3,920 | 4,673 | 5,879 | |||
| Other undisclosed noncurrent assets | 5,215 | 5,625 | 6,758 | |||
| Total noncurrent assets: | 10,847 | 12,929 | 15,608 | |||
| TOTAL ASSETS: | 19,170 | 18,724 | 20,767 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 1,253 | 1,412 | 1,391 | |||
| Employee-related liabilities | 908 | 963 | 837 | |||
| Accounts payable | 1,413 | 1,059 | 1,681 | |||
| Accrued liabilities | 1,253 | 1,412 | 1,391 | |||
| Other undisclosed accounts payable and accrued liabilities | (2,321) | (2,022) | (2,518) | |||
| Debt | 1,962 | 115 | 110 | |||
| Deferred revenue and credits | 2,638 | 3,229 | 2,510 | |||
| Other undisclosed current liabilities | 1,413 | 1,059 | 1,681 | |||
| Total current liabilities: | 7,267 | 5,815 | 5,692 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation, including: | 234 | 1,992 | 1,935 | |||
| Capital lease obligations | 234 | 353 | 477 | |||
| Other undisclosed long-term debt and lease obligation | 1,639 | 1,458 | ||||
| Total noncurrent liabilities: | 234 | 1,992 | 1,935 | |||
| Total liabilities: | 7,500 | 7,807 | 7,626 | |||
| Equity | ||||||
| Equity, attributable to parent, including: | 11,670 | 10,917 | 13,140 | |||
| Common stock | 268 | 264 | 259 | |||
| Additional paid in capital | 33,057 | 32,674 | 32,004 | |||
| Accumulated deficit | (21,655) | (22,021) | (19,123) | |||
| Warrants and rights outstanding | 1,442 | 1,442 | 1,442 | |||
| Other undisclosed equity, attributable to parent | (1,442) | (1,442) | (1,442) | |||
| Total equity: | 11,670 | 10,917 | 13,140 | |||
| TOTAL LIABILITIES AND EQUITY: | 19,170 | 18,724 | 20,767 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 20,478 | 20,483 | 16,225 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (11,065) | (15,383) | (15,714) | ||
| Gross profit: | 9,414 | 5,100 | 511 | ||
| Operating expenses | (8,633) | (7,508) | (5,632) | ||
| Operating income (loss): | 781 | (2,408) | (5,121) | ||
| Nonoperating expense | (362) | (460) | (111) | ||
| Interest and debt expense | (362) | (464) | (126) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 57 | (3,332) | (5,358) | ||
| Other undisclosed income from continuing operations before income taxes | 362 | 464 | 126 | ||
| Income (loss) from continuing operations before income taxes: | 419 | (2,868) | (5,232) | ||
| Income tax expense (benefit) | (52) | (30) | 258 | ||
| Income (loss) from continuing operations: | 366 | (2,898) | (4,974) | ||
| Income (loss) before gain (loss) on sale of properties: | 366 | (2,898) | (4,974) | ||
| Net income (loss) available to common stockholders, diluted: | 366 | (2,898) | (4,974) | ||
Comprehensive Income ($ in thousands)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net income (loss): | 366 | (2,898) | (4,974) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 366 | (2,898) | (4,974) | ||
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.