CounterPath Corporation (CPAH) Financial Statements (2023 and earlier)

Company Profile

Business Address 300-505 BURRARD STREET
VANCOUVER, BC V7X 1M3
State of Incorp. NV
Fiscal Year End April 30
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8622,3492,0712,1602,8527,173
Cash and cash equivalents1,8622,3492,0712,1602,8527,173
Receivables1,8773,5092,1333,2093,3053,401
Prepaid expense263191171185168162
Deferred costs123     
Derivative instruments and hedges, assets1     
Total current assets:4,1266,0494,3755,5546,32610,736
Noncurrent Assets
Operating lease, right-of-use asset
Property, plant and equipment60122126143272154
Intangible assets, net (including goodwill)6,7667,0656,4417,0017,3118,019
Goodwill6,5416,8446,4417,0017,3118,019
Intangible assets, net (excluding goodwill)225221    
Deposits noncurrent assets9599919498125
Deferred costs 78     
Other noncurrent assets   200175216103
Other undisclosed noncurrent assets      
Total noncurrent assets:6,9987,2856,8587,4127,8978,401
TOTAL ASSETS:11,12513,33411,23312,96614,22319,137
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,2342,4381,8261,9432,3062,327
Employee-related liabilities590744    
Accounts payable739679    
Accrued liabilities724800    
Other undisclosed accounts payable and accrued liabilities1802151,8261,9432,3062,327
Deferred revenue
Derivative instruments and hedges, liabilities5     
Liability for uncertainty in income taxes1010    
Deferred revenue and credits2,5662,1351,8091,8671,626
Due to related parties      
Customer advances and deposits262 
Other undisclosed current liabilities2,6375354617379
Total current liabilities:4,8855,0694,0213,8164,2464,031
Noncurrent Liabilities
Long-term debt and lease obligation:      
Liabilities, other than long-term debt (7)23233548 
Deferred lease income, after accumulated amortization 4
Deferred revenue and credits14233548 
Accounts payable and accrued liabilities (11)9    
Operating lease, liability
Other undisclosed noncurrent liabilities3,021110111126
Total noncurrent liabilities:3,0142433465826
Total liabilities:7,8995,0934,0543,8624,3044,057
Equity
Equity, attributable to parent3,2268,2417,1799,1049,91915,080
Common stock66554243
Treasury stock, value   (0) (0)(0)
Additional paid in capital75,66875,17071,68170,06567,60066,911
Accumulated other comprehensive loss(3,866)(3,233)(4,025)(2,943)(2,392)(984)
Accumulated deficit(68,581)(63,702)(60,481)(58,023)(55,331)(50,889)
Total equity:3,2268,2417,1799,1049,91915,080
TOTAL LIABILITIES AND EQUITY:11,12513,33411,23312,96614,22319,137

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

4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Revenues10,76512,38210,68611,08112,00311,682
Revenue, net6,0435,2365,0504,8524,647
Cost of revenue(2,224)(1,630)(1,730)(1,667)(2,222)(2,231)
Gross profit:8,54110,7528,9569,4149,7819,451
Operating expenses(15,932)(15,176)(13,639)(13,923)(17,349)(16,886)
Other undisclosed operating income2,2241,6301,7301,6672,2222,231
Operating loss:(5,167)(2,794)(2,954)(2,842)(5,346)(5,204)
Nonoperating income (expense)153(427)49820022(671)
Investment income, nonoperating20052265
Gain (loss), foreign currency transaction, before tax257(427)498195 (736)
Interest and debt expense(107)(0)(3)(2)(1)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes     884(22)
Loss from continuing operations before income taxes:(5,121)(3,221)(2,459)(2,644)(4,442)(5,899)
Income tax expense      (16)
Loss from continuing operations:(5,121)(3,221)(2,459)(2,644)(4,442)(5,915)
Loss before gain (loss) on sale of properties:(5,121)(3,221)(2,459)(2,644)(4,442)(5,915)
Net loss:(5,121)(3,221)(2,459)(2,644)(4,442)(5,915)
Other undisclosed net income (loss) attributable to parent1070 (48)  
Net loss available to common stockholders, diluted:(5,013)(3,221)(2,459)(2,692)(4,442)(5,915)

Comprehensive Income ($ in thousands)

4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
4/30/2015
4/30/2014
Net loss:(5,121)(3,221)(2,459)(2,644)(4,442)(5,915)
Comprehensive loss:(5,121)(3,221)(2,459)(2,644)(4,442)(5,915)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(526)792(1,083)(598)(1,408)(653)
Comprehensive loss, net of tax, attributable to parent:(5,647)(2,429)(3,541)(3,242)(5,850)(6,568)

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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