Excel Corp (EXCC) financial statements (2021 and earlier)

Company profile

Business Address 6363 NORTH STATE HIGHWAY 161
IRVING, TX 75038
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3821,2571,58685253251362
Cash and cash equivalents3821,2571,58685253251362
Receivables1,7811,0961,8969851,1649581,174
Inventory, net of allowances, customer advances and progress billings      7
Inventory      7
Prepaid expense82491068462245
Other current assets90898910017518084
Other undisclosed current assets 675     
Total current assets:2,3343,1663,6771,2531,5981,4111,672
Noncurrent Assets
Other noncurrent assets10,92711,01811,03511,80211,79311,89412,341
Total noncurrent assets:10,92711,01811,03511,80211,79311,89412,341
TOTAL ASSETS:13,26114,18514,71213,05513,39113,30414,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,6562,3322,1833,5833,8593,5603,723
Accounts payable1,4326585776677047681,375
Accrued liabilities4775325518481,2771,059839
Employee-related liabilities181,1431,0552,0671,8781,7331,509
Taxes payable520      
Interest and dividends payable160      
Settlement liabilities50      
Debt12,56712,84612,8098,8818,9999,0158,985
Deferred compensation liability(875)(938)(803)    
Disposal group, including discontinued operation  50175400550 
Other undisclosed current liabilities665938803    
Total current liabilities:15,01315,17815,04212,63913,25713,12512,707
Noncurrent Liabilities
Long-term debt and lease obligation374042743720816268
Long-term debt, excluding current maturities374042743720816268
Total noncurrent liabilities:374042743720816268
Total liabilities:15,05115,21715,08413,38213,97713,94012,976
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,790)(1,033)(372)(327)(586)(636)1,038
Common stock10101010101010
Additional paid in capital4,8344,8244,8144,7994,7714,7264,428
Accumulated deficit(6,634)(5,867)(5,197)(5,137)(5,367)(5,372)(3,401)
Other undisclosed stockholders' equity attributable to parent 00000 
Total stockholders' equity:(1,790)(1,033)(372)(327)(586)(636)1,038
TOTAL LIABILITIES AND EQUITY:13,26114,18514,71213,05513,39113,30414,013

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

6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
Revenues4,1694,0144,3844,2654,4464,0205,210
Revenue, net   4656542,934
Financial services revenue   4,2194,3903,9662,275
Cost of revenue(4,761)(3,999)(9,429)(2,468)(2,160)(351)(1,654)
Gross profit:(592)15(5,045)1,7982,2873,6693,556
Operating expenses  5,712(1,132)(1,341)(3,124)(4,372)
Other undisclosed operating loss  (34)    
Operating income (loss):(592)15633666945545(817)
Nonoperating income (expense)(592)15     
Interest and debt expense(176)(685)(639)(311)(278)(329)(158)
Other undisclosed income from continuing operations before equity method investments, income taxes  2,823   446
Income (loss) from continuing operations before equity method investments, income taxes:(1,359)(656)2,818355667216(529)
Other undisclosed income (loss) from continuing operations before income taxes592(15)(2,823)    
Income (loss) from continuing operations before income taxes:(767)(670)(5)355667216(529)
Income tax benefit      778
Income (loss) from continuing operations:(767)(670)(5)355667216248
Loss from discontinued operations  (55)(125)(662)(1,347) 
Net income (loss):(767)(670)(60)2305(1,131)248
Other undisclosed net loss attributable to parent     (841)(778)
Net income (loss) available to common stockholders, diluted:(767)(670)(60)2305(1,971)(529)

Comprehensive Income ($ in thousands)

6/30/2017
Q2
3/31/2017
Q1
12/31/2016
Q4
9/30/2016
Q3
6/30/2016
Q2
3/31/2016
Q1
12/31/2015
Q4
Net income (loss):(767)(670)(60)2305(1,131)248
Comprehensive income (loss), net of tax, attributable to parent:(767)(670)(60)2305(1,131)248

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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