Debt Resolve Inc (DRSV) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
1133 WESTCHESTER AVENUE WHITE PLAINS, NY 10604 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2017 MRQ | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 593 | 30 | 56 | 7 | 31 | |||
| Cash and cash equivalents | 593 | 30 | 56 | 7 | 31 | |||
| Receivables | 3,914 | 3,463 | 29 | 29 | 63 | |||
| Prepaid expense | 33 | 37 | 33 | 48 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | ✕ | 30 | ||
| Total current assets: | 4,540 | 3,531 | 117 | 84 | 124 | |||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 531 | 1 | ||||||
| Long-term investments and receivables | 3,060 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 3,060 | |||||||
| Other undisclosed noncurrent assets | (530) | 1 | ||||||
| Total noncurrent assets: | 3,060 | 1 | 2 | |||||
| TOTAL ASSETS: | 7,600 | 3,531 | 117 | 85 | 126 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 4,178 | 3,481 | 3,388 | 3,162 | 3,303 | |||
| Interest and dividends payable | 337 | |||||||
| Employee-related liabilities | 1,061 | 827 | 889 | 906 | 904 | |||
| Accounts payable | 698 | 741 | 1,026 | 1,133 | 1,564 | |||
| Accrued liabilities | 2,419 | 1,912 | 1,474 | 1,122 | 835 | |||
| Other undisclosed accounts payable and accrued liabilities | (337) | |||||||
| Debt | 2,120 | 2,571 | 656 | 725 | 1,878 | |||
| Due to related parties | 304 | 243 | 459 | 455 | ||||
| Other undisclosed current liabilities | 8,893 | 5,042 | 811 | 808 | 82 | |||
| Total current liabilities: | 15,495 | 11,336 | 5,315 | 5,150 | 5,263 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,114 | 252 | 1,750 | 63 | 205 | |||
| Long-term debt, excluding current maturities | 1,114 | 252 | 1,750 | 63 | 205 | |||
| Liabilities, other than long-term debt | 279 | 137 | ||||||
| Due to related parties | 279 | 137 | ||||||
| Other undisclosed noncurrent liabilities | 405 | 1,159 | 91 | |||||
| Total noncurrent liabilities: | 1,392 | 388 | 2,155 | 1,222 | 297 | |||
| Total liabilities: | 16,887 | 11,724 | 7,469 | 6,373 | 5,559 | |||
| Equity | ||||||||
| Equity, attributable to parent, including: | (8,728) | (7,786) | (7,310) | (6,288) | (5,434) | |||
| Preferred stock | 1 | |||||||
| Common stock | 121 | 105 | 98 | 98 | 90 | |||
| Additional paid in capital | 67,737 | 66,917 | 66,621 | 66,834 | 67,221 | |||
| Deferred compensation equity | (1,236) | (1,216) | (1,122) | (1,678) | ||||
| Accumulated deficit | (76,586) | (74,808) | (74,029) | (73,220) | (72,745) | |||
| Other undisclosed equity, attributable to parent | 1,236 | 1,216 | 1,122 | 1,678 | ||||
| Equity, attributable to noncontrolling interest | (560) | (407) | (42) | |||||
| Total equity: | (9,287) | (8,193) | (7,352) | (6,288) | (5,434) | |||
| TOTAL LIABILITIES AND EQUITY: | 7,600 | 3,531 | 117 | 85 | 126 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 4,435 | 5,714 | 156 | 144 | 176 | ||
| Cost of revenue | (1,666) | (0) | (54) | ||||
| Financial services costs | (1,666) | ||||||
| Gross profit: | 4,435 | 4,048 | 156 | 90 | 176 | ||
| Operating expenses | (4,913) | (6,128) | (1,325) | (667) | (1,074) | ||
| Other undisclosed operating income | 1,666 | ||||||
| Operating loss: | (478) | (414) | (1,170) | (577) | (898) | ||
| Nonoperating income (expense) | (1,388) | (729) | 318 | 102 | (670) | ||
| Interest and debt expense | (1,159) | (91) | (380) | (299) | (283) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 1,159 | 91 | 380 | 299 | 283 | ||
| Loss from continuing operations: | (1,866) | (1,143) | (851) | (475) | (1,568) | ||
| Loss before gain (loss) on sale of properties: | (1,866) | (1,143) | (851) | (475) | (1,568) | ||
| Net loss: | (1,866) | (1,143) | (851) | (475) | (1,568) | ||
| Net loss attributable to noncontrolling interest | (88) | (365) | (42) | ||||
| Other undisclosed net income attributable to parent | 88 | 365 | 42 | ||||
| Net loss available to common stockholders, diluted: | (1,866) | (1,143) | (851) | (475) | (1,568) | ||
Comprehensive Income ($ in thousands)
| 9/30/2017 TTM | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (1,866) | (1,143) | (851) | (475) | (1,568) | ||
| Comprehensive loss: | (1,866) | (1,143) | (851) | (475) | (1,568) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (88) | (365) | 42 | ||||
| Comprehensive loss, net of tax, attributable to parent: | (1,954) | (1,508) | (809) | (475) | (1,568) | ||
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.