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)

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4139883971167
Cash and cash equivalents4139883971167
Receivables312134664271
Disposal group, including discontinued operation 32  20  
Other undisclosed current assets 1047186561
Total current assets:74463129143178299
Noncurrent Assets
Property, plant and equipment     35
Other noncurrent assets  0 0028
Total noncurrent assets:  0 0333
Other undisclosed assets11      
TOTAL ASSETS:184463129143181332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities518484448518490559609
Accounts payable177145138179188230284
Accrued liabilities342339310339303329326
Debt  (280)242204156133
Due to related parties339339280242204153127
Disposal group, including discontinued operation 9  13  
Deferred revenue and credits200  7659
Other liabilities     9 
Other undisclosed current liabilities  280(242)(204)(153)(127)
Total current liabilities:859833729760708800801
Noncurrent Liabilities
Long-term debt and lease obligation  5997135186211
Long-term debt, excluding current maturities  5997135186211
Liabilities, other than long-term debt  59  186 
Due to related parties  59  186 
Other undisclosed noncurrent liabilities  (59)  (186) 
Total noncurrent liabilities:  5997135186211
Total liabilities:8598337878578439861,012
Stockholders' equity
Stockholders' equity attributable to parent(841)(789)(724)(728)(699)(805)(680)
Common stock163163163163163163163
Additional paid in capital7,77411,81211,81111,81011,80811,80711,804
Accumulated deficit(8,778)(12,764)(12,698)(12,700)(12,670)(12,775)(12,647)
Total stockholders' equity:(841)(789)(724)(728)(699)(805)(680)
TOTAL LIABILITIES AND EQUITY:184463129143181332

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

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
Revenues59(37)62115266283223
Revenue, net  62    
Cost of revenue
(Cost of Goods and Services Sold)
(11)(2)(4)(49)(99)(123)(116)
Gross profit:48(39)5966168160107
Operating expenses(71)(144)(50)(88)(72)(281)(356)
Operating income (loss):(23)(183)9(23)96(121)(249)
Nonoperating expense(8)(7)(7)(7)(7)(7)(7)
Interest and debt expense(8)(7)(7)(7)(7)(7)(7)
Income (loss) from continuing operations before equity method investments, income taxes:(39)(197)(5)(37)82(135)(262)
Other undisclosed income from continuing operations before income taxes8777777
Income (loss) from continuing operations:(31)(190)2(30)89(128)(256)
Income from discontinued operations 124  16  
Net income (loss) available to common stockholders, diluted:(31)(66)2(30)104(128)(256)

Comprehensive Income ($ in thousands)

3/31/2016
Q1
12/31/2015
Q4
9/30/2015
Q3
6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
Net income (loss):(31)(66)2(30)104(128)(256)
Comprehensive income (loss), net of tax, attributable to parent:(31)(66)2(30)104(128)(256)

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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