Inspro Technologies Corp (ITCC) Financial Statements (2024 and earlier)
Company Profile
Business Address |
1510 CHESTER PIKE EDDYSTONE, PA 19022 |
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)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5,101 | 5,018 | 3,162 | 3,398 | 3,431 | 2,570 | |||
Cash and cash equivalents | 5,101 | 5,018 | 3,162 | 3,398 | 3,431 | 2,570 | |||
Receivables | 3,160 | 1,543 | 2,334 | 3,959 | 2,245 | 1,661 | |||
Prepaid expense | 306 | 361 | 225 | 180 | 321 | 201 | |||
Disposal group, including discontinued operation | 4 | 9 | 15 | 20 | 32 | ||||
Other current assets | 31 | 5 | 3 | 3 | |||||
Total current assets: | 8,566 | 6,926 | 5,760 | 7,558 | 6,020 | 4,465 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Property, plant and equipment | 595 | 270 | 513 | 748 | 1,104 | 960 | |||
Prepaid expense | |||||||||
Other noncurrent assets | 40 | 50 | 60 | ||||||
Total noncurrent assets: | 595 | 270 | 513 | 788 | 1,154 | 1,020 | |||
TOTAL ASSETS: | 9,161 | 7,196 | 6,273 | 8,346 | 7,174 | 5,485 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 2,260 | 2,779 | 5,897 | 5,907 | 5,207 | 1,626 | |||
Taxes payable | 141 | 168 | |||||||
Accounts payable | 1,214 | 1,485 | 5,460 | 5,410 | 4,834 | 1,169 | |||
Accrued liabilities | 906 | 1,127 | 437 | 497 | 373 | 457 | |||
Deferred revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Debt | 155 | 190 | 227 | 255 | 732 | 609 | |||
Deferred revenue and credits | ✕ | ✕ | 2,765 | 2,285 | 2,680 | 2,252 | 1,007 | ||
Due to related parties | 10 | ||||||||
Contract with customer, liability | ✕ | 2,851 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Other undisclosed current liabilities | 2 | ||||||||
Total current liabilities: | 5,266 | 5,736 | 8,409 | 8,843 | 8,191 | 3,252 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 151 | 75 | 153 | 150 | 231 | 23 | |||
Capital lease obligations | ✕ | 151 | 75 | 153 | 150 | 231 | 23 | ||
Finance lease, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Liabilities, other than long-term debt | 875 | 1,000 | 1,500 | 2,000 | |||||
Deferred revenue and credits | ✕ | ✕ | 1,000 | 1,500 | 2,000 | ||||
Contract with customer, liability | ✕ | 875 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
Operating lease, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | |||
Other undisclosed noncurrent liabilities | 6 | 607 | |||||||
Total noncurrent liabilities: | 1,026 | 1,075 | 1,653 | 2,150 | 237 | 630 | |||
Total liabilities: | 6,292 | 6,811 | 10,062 | 10,993 | 8,428 | 3,882 | |||
Equity | |||||||||
Equity, attributable to parent, including: | 2,869 | 384 | (3,789) | (2,647) | (1,254) | 1,603 | |||
Common stock | 42 | 42 | 42 | 42 | 42 | 42 | |||
Additional paid in capital | 65,371 | 65,365 | 48,269 | 46,743 | 45,739 | 43,411 | |||
Accumulated deficit | (62,552) | (65,030) | (66,653) | (63,985) | (57,608) | (52,424) | |||
Other undisclosed equity, attributable to parent | 8 | 8 | 14,553 | 14,553 | 10,574 | 10,574 | |||
Other undisclosed equity | |||||||||
Total equity: | 2,869 | 384 | (3,789) | (2,647) | (1,254) | 1,603 | |||
TOTAL LIABILITIES AND EQUITY: | 9,161 | 7,196 | 6,273 | 8,346 | 7,174 | 5,485 |
Income Statement (P&L) ($ in thousands)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
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Revenues | 21,634 | 21,695 | 21,831 | 21,378 | 18,670 | 14,802 | ||
Revenue, net | ✕ | ✕ | 21,695 | 21,831 | 21,378 | 18,670 | 14,802 | |
Cost of revenue | (14,067) | (13,843) | (19,070) | (21,703) | (16,835) | (11,627) | ||
Cost of goods and services sold | (11,627) | |||||||
Gross profit: | 7,567 | 7,852 | 2,761 | (325) | 1,835 | 3,175 | ||
Operating expenses | (4,927) | (6,066) | (5,474) | (6,100) | (7,434) | (5,457) | ||
Other undisclosed operating income | 166 | 161 | ||||||
Operating income (loss): | 2,640 | 1,786 | (2,713) | (6,425) | (5,433) | (2,121) | ||
Nonoperating income (expense) | (31) | (18) | (25) | (107) | 9 | (14) | ||
Interest and debt expense | (31) | (24) | (25) | (125) | (43) | (39) | ||
Income (loss) from continuing operations before equity method investments, income taxes: | 2,579 | 1,744 | (2,763) | (6,657) | (5,467) | (2,175) | ||
Other undisclosed income from continuing operations before income taxes | 31 | |||||||
Income (loss) from continuing operations before income taxes: | 2,609 | 1,744 | (2,763) | (6,657) | (5,467) | (2,175) | ||
Income tax expense (benefit) | (131) | (168) | ||||||
Income (loss) from continuing operations: | 2,478 | 1,577 | (2,763) | (6,657) | (5,467) | (2,175) | ||
Income (loss) before gain (loss) on sale of properties: | 2,478 | 1,599 | (2,763) | (6,501) | (5,227) | (2,175) | ||
Income from discontinued operations | 22 | 156 | 240 | |||||
Other undisclosed net loss | ||||||||
Net income (loss): | 2,478 | 1,599 | (2,763) | (6,501) | (5,227) | (2,175) | ||
Other undisclosed net income attributable to parent | 24 | 95 | 125 | 43 | 432 | |||
Net income (loss) available to common stockholders, diluted: | 2,478 | 1,622 | (2,668) | (6,376) | (5,185) | (1,743) |
Comprehensive Income ($ in thousands)
12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
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Net income (loss): | 2,478 | 1,599 | (2,763) | (6,501) | (5,227) | (2,175) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 2,478 | 1,599 | (2,763) | (6,501) | (5,227) | (2,175) |
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.