CORETEC GROUP INC. (CRTG) Financial Statements (2024 and earlier)

Company Profile

Business Address 333 JACKSON PLAZA
ANN ARBOR, MI 48103
State of Incorp. OK
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) (USD)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments523,9882,356,3484,053,32722,21958,1494,001
Cash and cash equivalents523,9882,356,3484,053,32722,21958,1494,001
Prepaid expense132,680114,201133,491179,96388,82137,237
Total current assets:656,6682,470,5494,186,818202,182146,97041,238
Noncurrent Assets
Property, plant and equipment109,76673,462  126882
Intangible assets, net (including goodwill)990,3451,072,9751,155,6041,225,0261,305,2551,385,484
Goodwill166,000166,000166,000166,000166,000166,000
Intangible assets, net (excluding goodwill)824,345906,975989,6041,059,0261,139,2551,219,484
Deposits noncurrent assets4,5504,55016,34318,9463,5752,315
Total noncurrent assets:1,104,6611,150,9871,171,9471,243,9721,308,9561,388,681
TOTAL ASSETS:1,761,3293,621,5365,358,7651,446,1541,455,9261,429,919
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:75,918316,992307,096396,019615,815597,843
Interest and dividends payable   26,051
Other undisclosed accounts payable and accrued liabilities75,918316,992307,096396,019615,815571,792
Debt571,45161,398 46,58039,13894,764
Due to related parties    2,170,560
Other undisclosed current liabilities      26,051
Total current liabilities:647,369378,390307,096442,599654,9532,889,218
Noncurrent Liabilities
Long-term debt and lease obligation1,003,816     
Long-term debt, excluding current maturities1,003,816     
Liabilities, other than long-term debt  1,414,8261,187,518266,598120,508 
Due to related parties1,414,8261,187,518266,598120,508 
Total noncurrent liabilities:1,003,8161,414,8261,187,518266,598120,508 
Total liabilities:1,651,1851,793,2161,494,614709,197775,4612,889,218
Equity
Equity, attributable to parent110,1441,828,3203,864,151736,957680,465(1,459,299)
Preferred stock696969696969
Common stock56,81953,77250,80942,75038,70413,695
Additional paid in capital18,706,20818,119,79217,295,2628,033,3136,135,8852,166,745
Accumulated deficit(18,652,952)(16,345,313)(13,481,989)(7,339,175)(5,494,193)(3,639,808)
Total equity:110,1441,828,3203,864,151736,957680,465(1,459,299)
TOTAL LIABILITIES AND EQUITY:1,761,3293,621,5365,358,7651,446,1541,455,9261,429,919

Income Statement (P&L) (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Gross profit:(217,564)(202,751)(229,525)(665,232)(287,307)(394,943)
Operating expenses(2,304,862)(2,668,833)(6,085,034)(1,181,000)(1,567,078)(836,317)
Operating loss:(2,522,426)(2,871,584)(6,314,559)(1,846,232)(1,854,385)(1,231,260)
Nonoperating income
(Other Nonoperating income)
214,7878,26045,6201,250  
Interest and debt expense(217,564)(202,751)(229,525)(665,232)(287,307)(210,154)
Loss from continuing operations:(2,525,203)(3,066,075)(6,498,464)(2,510,214)(2,141,692)(1,441,414)
Loss before gain (loss) on sale of properties:(6,498,464)(2,510,214)(2,141,692)(1,441,414)
Net loss:(2,525,203)(3,066,075)(6,498,464)(2,510,214)(2,141,692)(1,441,414)
Other undisclosed net income attributable to parent217,564202,751229,525665,232287,307394,943
Net loss available to common stockholders, diluted:(2,307,639)(2,863,324)(6,268,939)(1,844,982)(1,854,385)(1,046,471)

Comprehensive Income (USD)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(2,525,203)(3,066,075)(6,498,464)(2,510,214)(2,141,692)(1,441,414)
Comprehensive loss, net of tax, attributable to parent:(2,525,203)(3,066,075)(6,498,464)(2,510,214)(2,141,692)(1,441,414)

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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