HeartCore Enterprises, Inc. (HTCR) Financial Statements (2026 and earlier)

Company Profile

Business Address 1-2-33, HIGASHIGOTANDA,
TOKYO, 150-0031
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,6171,9557,1773,137
Cash and cash equivalent2,1211,0127,1773,137
Short-term investments4,496942  
Receivables2,0502,7246001,020
Prepaid expense459537538444
Deferred costs    
Other current assets25223522016
Other undisclosed current assets4045  
Total current assets:9,4175,4958,5354,617
Noncurrent Assets
Operating lease, right-of-use asset1,9362,4682,6453,320
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization585764204261
Long-term investments and receivables1,4312,004246336
Due from related parties✕✕✕246336
Long-term investments5782,004  
Accounts and financing receivable, after allowance for credit loss 853   
Intangible asset, including goodwill, after accumulated amortization  7,792  
Goodwill (3,878)3,276  
Intangible asset, excluding goodwill, after accumulated amortization 3,8784,516  
Regulated entity, other noncurrent assets 1218  
Deposits noncurrent assets308348244278
Deferred income tax assets152369263298
Other noncurrent assets12019
Other undisclosed noncurrent assets112365 5
Total noncurrent assets:4,54814,1293,6034,506
TOTAL ASSETS:13,96519,62412,1399,123
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,0391,757498646
Taxes payable✕✕✕✕11
Employee-related liabilities✕✕✕✕255
Accrued liabilities1,644886363 
Other undisclosed accounts payable and accrued liabilities 396871135380
Deferred revenue1,8762,1661,7251,691
Debt417525717887
Derivative instruments and hedges, liabilities    
Other liabilities 907 53282
Due to related parties✕✕✕01
Other undisclosed current liabilities2,1822,0636551,046
Total current liabilities:7,4226,5123,6484,554
Noncurrent Liabilities
Long-term debt and lease obligation1,2821,8371,1244,972
Long-term debt, excluding current maturities1,2391,7701,1241,872
Finance lease, liability 4467024
Liabilities, other than long-term debt 1,7993,6082,559157
Deferred income tax liabilities  1,264  
Other liabilities 184209138157
Operating lease, liability 1,6152,1352,4213,076
Total noncurrent liabilities:3,0815,4453,6835,128
Total liabilities:10,50311,9577,3319,682
Equity
Equity, attributable to parent4,6535,1654,808(559)
Preferred stock    
Common stock2222
Additional paid in capital20,65619,59515,0153,351
Accumulated other comprehensive income (loss)344332365(15)
Accumulated deficit(16,245)(14,763)(10,574)(3,896)
Stockholders' equity note, subscriptions receivable (104)   
Equity, attributable to noncontrolling interest(1,191)2,502  
Total equity:3,4627,6674,808(559)
TOTAL LIABILITIES AND EQUITY:13,96519,62412,1399,123

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenues30,40721,8468,81810,823
Cost of revenue(12,579)(13,778)(5,467)(5,635)
Cost of product and service sold (13,778)(5,467)(5,635)
Gross profit:17,8288,0673,3515,188
Operating expenses(17,763)(12,187)(10,047)(5,129)
Operating income (loss):65(4,119)(6,696)59
Nonoperating income (expense)(5,414)(891)13(44)
Investment income, nonoperating(2,412)   
Other nonoperating income (expense)(164)(891)13(44)
Interest and debt expense(144)(163)(42)(33)
Loss from continuing operations before equity method investments, income taxes:(5,494)(5,173)(6,725)(18)
Other undisclosed income from continuing operations before income taxes1441634233
Income (loss) from continuing operations before income taxes:(5,350)(5,010)(6,683)15
Income tax expense (benefit)1371346(342)
Loss from continuing operations:(5,213)(4,877)(6,677)(327)
Loss before gain (loss) on sale of properties:✕✕✕✕(327)
Income from discontinued operations    
Net income (loss):(5,213)(4,877)(6,677)(327)
Net income attributable to noncontrolling interest3,732687  
Other undisclosed net loss attributable to parent    (11)
Net income (loss) attributable to parent:(1,481)(4,190)(6,677)(338)
Preferred stock dividends and other adjustments    
Net income (loss) available to common stockholders, diluted:(1,481)(4,190)(6,677)(338)

Comprehensive Income ($ in thousands)
Annual | Quarterly

12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Net income (loss):(5,213)(4,877)(6,677)(327)
Other comprehensive income (loss)1735(380)(124)
Other undisclosed comprehensive income (loss)(33)(69)760247
Comprehensive income (loss):(5,230)(4,911)(6,297)(204)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest3,760688 (13)
Comprehensive income (loss), net of tax, attributable to parent:(1,469)(4,223)(6,297)(216)

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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