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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,449,9931,943,4662,356,3482,776,0773,104,1123,560,954
Cash and cash equivalents1,449,9931,943,4662,356,3482,776,0773,104,1123,560,954
Prepaid expense31,47956,668114,201129,72071,470105,739
Total current assets:1,481,4722,000,1342,470,5492,905,7973,175,5823,666,693
Noncurrent Assets
Property, plant and equipment110,09071,08973,46275,83571,0595,837
Intangible assets, net (including goodwill)1,031,6601,052,3171,072,9751,093,6321,114,2891,134,947
Goodwill166,000166,000166,000166,000166,000166,000
Intangible assets, net (excluding goodwill)865,660886,317906,975927,632948,289968,947
Deposits noncurrent assets4,5504,5504,5504,5504,55069,196
Total noncurrent assets:1,146,3001,127,9561,150,9871,174,0171,189,8981,209,980
TOTAL ASSETS:2,627,7723,128,0903,621,5364,079,8144,365,4804,876,673
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:314,436345,161316,992303,068443,212401,342
Other undisclosed accounts payable and accrued liabilities314,436345,161316,992303,068443,212401,342
Debt 98,64261,39891,498  
Total current liabilities:314,436443,803378,390394,566443,212401,342
Noncurrent Liabilities
Long-term debt and lease obligation1,447,3581,363,351    
Long-term debt, excluding current maturities1,447,3581,363,351    
Liabilities, other than long-term debt   1,414,8261,398,5601,216,8671,202,251
Due to related parties1,414,8261,398,5601,216,8671,202,251
Total noncurrent liabilities:1,447,3581,363,3511,414,8261,398,5601,216,8671,202,251
Total liabilities:1,761,7941,807,1541,793,2161,793,1261,660,0791,603,593
Equity
Equity, attributable to parent865,9781,320,9361,828,3202,286,6882,705,4013,273,080
Preferred stock696969696969
Common stock56,63353,77253,77251,44951,29551,121
Additional paid in capital18,136,26818,119,79218,119,79217,435,14817,422,33717,383,221
Accumulated deficit(17,326,992)(16,852,697)(16,345,313)(15,199,978)(14,768,300)(14,161,331)
Total equity:865,9781,320,9361,828,3202,286,6882,705,4013,273,080
TOTAL LIABILITIES AND EQUITY:2,627,7723,128,0903,621,5364,079,8144,365,4804,876,673

Income Statement (P&L) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Gross profit:(52,849)(54,081)(54,478)(52,831)(47,451)(47,990)
Operating expenses(427,241)(459,096)(1,095,846)(381,171)(559,998)(631,817)
Operating loss:(480,090)(513,177)(1,150,324)(434,002)(607,449)(679,807)
Nonoperating income
(Other Nonoperating income)
5,7955,7934,9892,324480465
Interest and debt expense(52,849)(54,081)(54,478)(52,831)(47,451)(47,990)
Loss from continuing operations:(527,144)(561,465)(1,199,813)(484,509)(654,420)(727,332)
Loss before gain (loss) on sale of properties:(484,509)(654,420)(727,332)
Net loss:(527,144)(561,465)(1,199,813)(484,509)(654,420)(727,332)
Other undisclosed net income attributable to parent52,84954,08154,47852,83147,45147,990
Net loss available to common stockholders, diluted:(474,295)(507,384)(1,145,335)(431,678)(606,969)(679,342)

Comprehensive Income (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(527,144)(561,465)(1,199,813)(484,509)(654,420)(727,332)
Comprehensive loss, net of tax, attributable to parent:(527,144)(561,465)(1,199,813)(484,509)(654,420)(727,332)

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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