Cornerworld Corp (CWRL) financial statements (2020 and earlier)

Company profile

Business Address 13101 PRESTON ROAD
DALLAS, TX 75240
State of Incorp. NV
Fiscal Year End December 31
SIC 7385 - Services-telephone Interconnect Systems (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2015
12/31/2014
4/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1711,151
Cash and cash equivalents1711,151
Receivables142635
Disposal group, including discontinued operation32  
Other undisclosed current assets106592
Total current assets:441781,877
Noncurrent Assets
Property, plant and equipment 365
Intangible assets, net (including goodwill)  5,996
Goodwill  1,582
Intangible assets, net (excluding goodwill)  4,414
Other noncurrent assets 028
Total noncurrent assets: 36,089
TOTAL ASSETS:441817,966
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4845592,168
Accounts payable1452301,300
Accrued liabilities339329867
Debt 1564,364
Derivative instruments and hedges, liabilities  874
Due to related parties339153 
Disposal group, including discontinued operation9  
Deferred revenue and credits076328
Other liabilities 9 
Other undisclosed current liabilities (153)(321)
Total current liabilities:8338007,412
Noncurrent Liabilities
Long-term debt and lease obligation 1863,189
Long-term debt, excluding current maturities 1863,180
Capital lease obligations  9
Liabilities, other than long-term debt 186 
Due to related parties 186 
Other undisclosed noncurrent liabilities (186)(217)
Total noncurrent liabilities: 1862,973
Total liabilities:83398610,385
Stockholders' equity
Stockholders' equity attributable to parent(789)(805)(2,419)
Common stock163163157
Additional paid in capital11,81211,80711,784
Accumulated deficit(12,764)(12,775)(14,360)
Total stockholders' equity:(789)(805)(2,419)
TOTAL LIABILITIES AND EQUITY:441817,966

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

12/31/2015
12/31/2014
4/30/2013
Revenues4069887,182
Cost of revenue
(Cost of Goods and Services Sold)
(153)(529)(1,344)
Gross profit:2534595,837
Operating expenses(354)(1,428)(4,802)
Operating income (loss):(101)(969)1,035
Nonoperating expense(28)(30)(2,397)
Other nonoperating expense(0)(3)(555)
Interest and debt expense(28)(27)(1,842)
Loss from continuing operations before equity method investments, income taxes:(157)(1,026)(3,205)
Other undisclosed income from continuing operations before income taxes28271,842
Loss from continuing operations:(129)(999)(1,362)
Income from discontinued operations140  
Net income (loss) available to common stockholders, diluted:11(999)(1,362)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
4/30/2013
Net income (loss):11(999)(1,362)
Comprehensive income (loss), net of tax, attributable to parent:11(999)(1,362)

Statements sources

The financial statements are based on the company's filings with the 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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