Recruiter.com Group Inc. (RCRT) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 SEVENTH AVENUE
NEW YORK, NY 10018
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7371 - Computer Programming Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
3/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0209472,584100306214
Cash and cash equivalents6389472,584100306214
Short-term investments382     
Receivables4063,1905,674943841 
Prepaid expense641175  22
Other undisclosed current assets616215397210167 
Total current assets:2,0484,3928,8301,2521,314235
Noncurrent Assets
Operating lease, right-of-use asset    141214
Property, plant and equipment366102358
Intangible assets, net (including goodwill)8,4029,68017,4613,5174,950625
Goodwill7,1017,1017,7193,5173,517 
Intangible assets, net (excluding goodwill)1,3012,5799,742 1,433625
Other undisclosed noncurrent assets    796  
Total noncurrent assets:8,4399,74117,4614,4555,167683
TOTAL ASSETS:10,48714,13326,2915,7086,481918
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4672,4812,5081,25989994
Interest and dividends payable20601 
Employee-related liabilities82159  
Accounts payable1,6961,5701,122616621 
Accrued liabilities7719111,28542327660
Other undisclosed accounts payable and accrued liabilities      34
Deferred revenue150    
Debt5,6323,7011,7121,93499 
Other liabilities82171714  
Due to related parties 164780826 
Other undisclosed current liabilities1,2271,5953,16112,7043,723 
Total current liabilities:9,5577,7957,56316,6915,54794
Noncurrent Liabilities
Long-term debt and lease obligation  1,2602,638141219 
Long-term debt, excluding current maturities  1,2602,6387478 
Operating lease, liability    67141
Other undisclosed noncurrent liabilities    (67)  
Total noncurrent liabilities:  1,2602,638141219 
Total liabilities:9,5579,05510,20116,8325,76594
Temporary equity, carrying amount      1,697
Equity
Equity, attributable to parent, including:9305,07816,090(11,124)715(873)
Common stock0211013
Common stock, value, subscriptions  00   
Additional paid in capital77,34974,33266,94823,40018,2035,345
Accumulated deficit(76,419)(69,256)(50,860)(34,525)(17,488)(6,231)
Other undisclosed equity, attributable to parent 00000 
Total equity:9305,07816,090(11,124)715(873)
TOTAL LIABILITIES AND EQUITY:10,48714,13326,2915,7086,481918

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
3/31/2018
Revenues3,18825,37222,1848,5035,998 
Cost of revenue(2,721)(16,625)(14,909)(6,138)(4,448) 
Cost of goods and services sold (179) (1,364)(2,082) 
Gross profit:4678,7487,2752,3651,550 
Operating expenses(8,203)(25,480)(24,220)(9,103)(12,054)(443)
Operating loss:(7,736)(16,732)(16,945)(6,738)(10,504)(443)
Nonoperating income (expense)2258610(10,299)(1,339)(29)
Debt instrument, convertible, beneficial conversion feature     70866
Other nonoperating income (expense)2258(9)   
Interest and debt expense(21)1,205(25)376(2,344)638
Other undisclosed income from continuing operations before equity method investments, income taxes   25   
Income (loss) from continuing operations before equity method investments, income taxes:(7,756)(15,269)(16,335)(16,661)(14,188)166
Other undisclosed income (loss) from continuing operations before income taxes21(1,205)16,310(376)2,344(638)
Loss from continuing operations:(7,734)(16,475)(25)(17,037)(11,844)(472)
Loss before gain (loss) on sale of properties:(25)(17,037)(11,844)(472)
Income from discontinued operations1,074     
Other undisclosed net income (loss) 32,949(16,310)   
Net income (loss):(6,660)16,475(16,335)(17,037)(11,844)(472)
Net income attributable to noncontrolling interest     31 
Other undisclosed net income (loss) attributable to parent (32,949)    
Net loss attributable to parent:(6,660)(16,475)(16,335)(17,037)(11,813)(472)
Preferred stock dividends and other adjustments     (140) 
Other undisclosed net loss available to common stockholders, basic      (36,052)
Net loss available to common stockholders, basic:(6,660)(16,475)(16,335)(17,037)(11,953)(36,524)
Other undisclosed net loss available to common stockholders, diluted      
Net loss available to common stockholders, diluted:(6,660)(16,475)(16,335)(17,037)(11,953)(36,524)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
3/31/2018
Net income (loss):(6,660)16,475(16,335)(17,037)(11,844)(472)
Comprehensive income (loss):(6,660)16,475(16,335)(17,037)(11,844)(472)
Comprehensive income, net of tax, attributable to noncontrolling interest     31 
Comprehensive income (loss), net of tax, attributable to parent:(6,660)16,475(16,335)(17,037)(11,813)(472)

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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