iCoreConnect Inc. (ICCT) financial statements (2022 and earlier)

Company profile

Business Address 13506 SUMMERPORT PKWY, #160
WINDEREMERE, FL 34786
State of Incorp. NV
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments69984619487612
Cash and cash equivalents69984619487612
Receivables484234177126121174
Prepaid expense    3012
Other undisclosed current assets1821324920  
Total current assets:1,3651,212420154227198
Noncurrent Assets
Operating lease, right-of-use asset9111815015010728
Property, plant and equipment5115223 
Intangible assets, net (including goodwill)3,4741,8091,1271,2451,0911,188
Goodwill3,0741,291491491491491
Intangible assets, net (excluding goodwill)400518636754600697
Other undisclosed noncurrent assets2,4252,5541,0531,1381,1621,173
Total noncurrent assets:6,0404,4962,3322,5362,3632,389
TOTAL ASSETS:7,4055,7082,7522,6912,5902,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,2448339851,6649981,012
Other undisclosed accounts payable and accrued liabilities1,2448339851,6649981,012
Debt 2,3721,0431,5181,3241,086
Deferred lease income103213365
Other undisclosed current liabilities1,25747    
Total current liabilities:2,5113,2842,0413,1852,3282,103
Noncurrent Liabilities
Long-term debt and lease obligation1,231546361198183
Long-term debt, excluding current maturities1,198   129183
Operating lease, liability3254636169 
Liabilities, other than long-term debt    8396
Deferred revenue    8396
Other undisclosed noncurrent liabilities1,539(33)7273  
Total noncurrent liabilities:2,80274135134281279
Total liabilities:5,3143,3592,1763,3202,6092,382
Stockholders' equity
Stockholders' equity attributable to parent, including:2,0922,350(576)(629)(19)205
Common stock159152125908073
Additional paid in capital83,26682,42579,09677,11276,65276,109
Accumulated deficit(81,333)(80,227)(78,644)(77,831)(76,751)(75,977)
Other undisclosed stockholders' equity attributable to parent  (1,152)   
Other undisclosed stockholders' equity  1,152   
Total stockholders' equity:2,0922,350576(629)(19)205
TOTAL LIABILITIES AND EQUITY:7,4055,7082,7522,6912,5902,587

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

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,365981704616530472
Cost of revenue
(Cost of Goods and Services Sold)
(421)(268)(240)(306)(274)(210)
Gross profit:944714464310256262
Operating expenses(1,693)(1,255)(1,109)(1,251)(975)(1,095)
Other undisclosed operating income   6,730  
Operating income (loss):(749)(541)(645)5,788(719)(833)
Nonoperating expense
(Other Nonoperating expense)
(356)(1,042)(168)   
Interest and debt expense(98)(93)(168)(91)(79)(34)
Income (loss) from continuing operations before equity method investments, income taxes:(1,203)(1,676)(981)5,697(798)(867)
Other undisclosed income (loss) from continuing operations before income taxes   (148)7934
Income (loss) before gain (loss) on sale of properties:(1,203)(1,676)(981)5,549(719)(833)
Other undisclosed net loss   (6,744)  
Net loss:(1,203)(1,676)(981)(1,194)(719)(833)
Other undisclosed net income (loss) attributable to parent9893168114(55)(24)
Net loss available to common stockholders, diluted:(1,106)(1,583)(813)(1,080)(774)(857)

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net loss:(1,203)(1,676)(981)(1,194)(719)(833)
Comprehensive loss, net of tax, attributable to parent:(1,203)(1,676)(981)(1,194)(719)(833)

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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