Progressive Care Inc. (RXMD) Financial Statements (2026 and earlier)

Company Profile

Business Address 1111 PARK CENTER BLVD.
MIAMI GARDENS, FL 33169
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 5912 - Drug Stores and Proprietary Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2011
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7,8956,743✕
Cash and cash equivalent7,8956,743✕
Receivables10,1853,672✕
Inventory, net of allowances, customer advances and progress billings3,069713✕
Inventory3,069713✕
Prepaid expense334246✕
Other undisclosed current assets  2,005✕
Total current assets:21,48313,379✕
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2254✕
Operating lease, right-of-use asset427446✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization3,2842,583✕
Intangible asset, including goodwill, after accumulated amortization15,1291,515✕
Goodwill 7311,388✕
Intangible asset, excluding goodwill, after accumulated amortization14,398127✕
Deposits noncurrent assets39 ✕
Other undisclosed noncurrent assets  39✕
Total noncurrent assets:18,9014,636✕
TOTAL ASSETS:40,38418,015✕
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:12,1587,384✕
Accounts payable11,2566,517✕
Accrued liabilities331366✕
Other undisclosed accounts payable and accrued liabilities 571501✕
Debt163261✕
Other undisclosed current liabilities170200✕
Total current liabilities:12,4917,845✕
Noncurrent Liabilities
Long-term debt and lease obligation1,1152,273✕
Long-term debt, excluding current maturities1,1102,249✕
Finance lease, liability 524✕
Liabilities, other than long-term debt214279✕
Operating lease, liability214279✕
Total noncurrent liabilities:1,3292,551✕
Total liabilities:13,82010,397✕
Equity
Equity, attributable to parent, including:26,5647,618✕
Common stock6767✕
Additional paid in capital60,88622,525✕
Accumulated deficit(34,389)(14,974)✕
Other undisclosed equity, attributable to parent  0✕
Total equity:26,5647,618✕
TOTAL LIABILITIES AND EQUITY:40,38418,015✕

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

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2011
Revenues 41,996✕
Cost of revenue (30,899)✕
Other undisclosed gross profit  (1,394)✕
Gross profit: 9,703✕
Operating expenses (12,282)✕
Operating loss: (2,579)✕
Nonoperating income (expense) (3,324)✕
Investment income, nonoperating  ✕
Interest and debt expense (524)✕
Loss from continuing operations before equity method investments, income taxes: (6,427)✕
Other undisclosed income from continuing operations before income taxes 524✕
Loss from continuing operations before income taxes: (5,903)✕
Income tax expense  (1)✕
Net loss attributable to parent: (5,904)✕
Preferred stock dividends and other adjustments  (541)✕
Net loss available to common stockholders, diluted: (6,445)✕

Comprehensive Income ($ in thousands)
Annual | Quarterly

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2011
Net loss: (5,904)✕
Comprehensive loss, net of tax, attributable to parent: (5,904)✕

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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