Medical Imaging Corp. (MEDD) financial statements (2020 and earlier)

Company profile

Business Address 848 N. RAINBOW BLVD #2494
LAS VEGAS, NV 89107
State of Incorp. NV
Fiscal Year End December 31
SIC 8071 - Medical Laboratories (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments358511018877108
Cash and cash equivalents358511018877108
Receivables9451,107880852296260
Prepaid expense534319245
Prepaid expense and other current assets5
Total current assets:1,0331,2351,0091,064378373
Noncurrent Assets
Property, plant and equipment1,7112,1002,4562,9391,2001,336
Intangible assets, net (including goodwill)1,4231,9781,9782,5021,4461,583
Goodwill1,4231,9781,9781,9781,4231,423
Intangible assets, net (excluding goodwill)   52423160
Other undisclosed noncurrent assets251912(510)1516
Total noncurrent assets:3,1594,0964,4464,9302,6602,936
TOTAL ASSETS:4,1925,3325,4555,9953,0383,309
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,2582,4791,809936608666
Accounts payable2,3081,7731,212624250 
Accrued liabilities950707580   
Taxes payable  16109358 
Other undisclosed accounts payable and accrued liabilities   203 666
Debt4311,056616427130350
Other undisclosed current liabilities4,3382,97724654200270
Total current liabilities:8,0276,5122,6711,4179381,286
Noncurrent Liabilities
Long-term debt and lease obligation3824552,5354,6952,1031,981
Long-term debt, excluding current maturities2782542,2684,2351,8741,683
Capital lease obligations104201267460228298
Other undisclosed noncurrent liabilities1,1081,2541,829   
Total noncurrent liabilities:1,4901,7094,3644,6952,1031,981
Total liabilities:9,5178,2217,0356,1123,0413,267
Stockholders' equity
Stockholders' equity attributable to parent(5,325)(2,889)(1,579)(118)(2)41
Common stock332625242323
Additional paid in capital2,5912,0582,0351,8761,8371,819
Accumulated other comprehensive income1841381412173
Accumulated deficit(8,134)(5,111)(3,780)(2,040)(1,869)(1,803)
Total stockholders' equity:(5,325)(2,889)(1,579)(118)(2)41
TOTAL LIABILITIES AND EQUITY:4,1925,3325,4555,9953,0383,309

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

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
7,2247,1797,1035,4455,0773,379
Cost of revenue(4,267)(3,847)(3,742)(2,968)(3,175)(2,734)
Cost of goods and services sold   (2,920)(3,175)(2,734)
Other undisclosed gross profit   48  
Gross profit:2,9573,3323,3612,5251,902645
Operating expenses(3,776)(3,816)(4,026)(2,250)(1,599)(628)
Operating income (loss):(819)(484)(665)27530417
Nonoperating expense(2,204)(847)(1,076)(449)(374)(66)
Other nonoperating income (expense)31(847)(1,076)(450)(370)(71)
Interest and debt expense   (336)(297)(43)
Other undisclosed income from continuing operations before equity method investments, income taxes   335  
Loss from continuing operations before income taxes:(3,023)(1,331)(1,741)(176)(367)(92)
Income tax expense (benefit)   5 (79)
Loss before gain (loss) on sale of properties:(3,023)(1,331)(1,741)(170)(367)(171)
Other undisclosed net income    30139
Net loss available to common stockholders, diluted:(3,023)(1,331)(1,741)(170)(66)(132)

Comprehensive Income ($ in thousands)

12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(3,023)(1,331)(1,741)(170)(66)(132)
Other undisclosed comprehensive income3,0691,3281,86018570132
Comprehensive income (loss):46(3)119154(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent(3,023)(1,331)(1,741)(170)(66)(132)
Comprehensive loss, net of tax, attributable to parent:(2,977)(1,333)(1,621)(155)(62)(132)

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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