Sebring Software Inc (SMXI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1400 CATTLEMEN ROAD SARASOTA, FL 34232 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 8011 - Offices and Clinics of Doctors of Medicine (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2015 MRQ | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 1,826 | 84 | ||||
| Cash and cash equivalents | 1,826 | 84 | ||||
| Receivables | 477 | 230 | ||||
| Prepaid expense | 61 | 157 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 10 | ||
| Total current assets: | 538 | 2,212 | 94 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 3,250 | 3,704 | 30 | |||
| Intangible assets, net (including goodwill) | 4,821 | ✕ | ||||
| Goodwill | 4,821 | |||||
| Deposits noncurrent assets | 89 | 21 | 1 | |||
| Other noncurrent assets | 16,431 | 24,854 | ✕ | |||
| Other undisclosed noncurrent assets | (16,520) | (29,695) | ||||
| Total noncurrent assets: | 3,250 | 3,704 | 31 | |||
| Other undisclosed assets | 16,431 | 24,854 | ||||
| TOTAL ASSETS: | 20,219 | 30,769 | 125 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 6,408 | 3,764 | 256 | |||
| Interest and dividends payable | 3,457 | |||||
| Employee-related liabilities | 323 | 550 | 650 | |||
| Accounts payable | 1,515 | 869 | ||||
| Accrued liabilities | 1,113 | 2,346 | ||||
| Other undisclosed accounts payable and accrued liabilities | (394) | |||||
| Debt | 192 | 4,100 | 3,252 | |||
| Other liabilities | 7,200 | |||||
| Deferred revenue and credits | 3,532 | 2,737 | ||||
| Deferred tax liabilities | 2,147 | |||||
| Due to related parties | 49 | |||||
| Other undisclosed current liabilities | 10,501 | (1,558) | 2,955 | |||
| Total current liabilities: | 20,682 | 18,390 | 6,463 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 9,049 | 11,868 | 5 | |||
| Long-term debt, excluding current maturities | 9,020 | 11,761 | 5 | |||
| Capital lease obligations | 29 | 107 | ||||
| Liabilities, other than long-term debt | 2,701 | |||||
| Due to related parties | 2,176 | |||||
| Other liabilities | 525 | |||||
| Other undisclosed noncurrent liabilities | 2,085 | 7,568 | ||||
| Total noncurrent liabilities: | 13,835 | 19,435 | 5 | |||
| Total liabilities: | 34,517 | 37,825 | 6,468 | |||
| Commitments and contingencies | (247) | |||||
| Temporary equity, carrying amount | 247 | |||||
| Equity | ||||||
| Equity, attributable to parent, including: | (16,371) | (8,950) | (6,589) | |||
| Common stock | 7 | 7 | 5 | |||
| Additional paid in capital | 9,053 | 8,435 | 2,161 | |||
| Accumulated deficit | (25,431) | |||||
| Other undisclosed equity, attributable to parent | (17,392) | (8,755) | ||||
| Equity, attributable to noncontrolling interest | 2,073 | 1,895 | ||||
| Other undisclosed equity | 247 | |||||
| Total equity: | (14,298) | (7,056) | (6,343) | |||
| TOTAL LIABILITIES AND EQUITY: | 20,219 | 30,769 | 125 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 20,003 | 9,207 | |||
| Cost of revenue | (5,630) | (2,620) | |||
| Cost of goods and services sold | (5,605) | (2,620) | |||
| Gross profit: | 14,373 | 6,587 | |||
| Operating expenses | (27,818) | (13,101) | (952) | ||
| Other undisclosed operating income | 5,630 | 2,620 | |||
| Operating loss: | (7,815) | (3,894) | (952) | ||
| Nonoperating expense | (67) | (4,135) | (966) | ||
| Investment income, nonoperating | 3,319 | (33) | |||
| Gain (loss), foreign currency transaction, before tax | 21 | (7) | (3) | ||
| Other nonoperating expense | (173) | ||||
| Interest and debt expense | (3,535) | (2,299) | (790) | ||
| Loss from continuing operations: | (11,417) | (10,328) | (2,708) | ||
| Loss before gain (loss) on sale of properties: | (11,417) | (10,328) | (2,708) | ||
| Other undisclosed net income | 3,535 | 2,299 | 790 | ||
| Net loss: | (7,882) | (8,029) | (1,918) | ||
| Net loss attributable to noncontrolling interest | (157) | (609) | |||
| Net loss available to common stockholders, diluted: | (8,039) | (8,638) | (1,918) | ||
Comprehensive Income ($ in thousands)
| 3/31/2015 TTM | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (7,882) | (8,029) | (1,918) | ||
| Comprehensive loss: | (7,882) | (8,029) | (1,918) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (157) | 609 | |||
| Comprehensive loss, net of tax, attributable to parent: | (8,039) | (7,420) | (1,918) | ||
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.