Sebring Software Inc (SMXI) financial statements (2021 and earlier)

Company profile

Business Address 1400 CATTLEMEN ROAD
SARASOTA, FL 34232
State of Incorp. NV
Fiscal Year End December 31
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
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments63 231645321,8261,506
Cash and cash equivalents63 231645321,8261,506
Receivables495477496467336230237
Prepaid expense32613257119157165
Total current assets:5905385516889872,2121,908
Noncurrent Assets
Property, plant and equipment3,0783,2503,1953,3063,4233,7042,906
Intangible assets, net (including goodwill)    4,8214,8215,142
Goodwill    4,8214,8215,142
Deposits noncurrent assets136895820302121
Other noncurrent assets15,71516,43117,66518,63024,19024,85418,427
Other undisclosed noncurrent assets(15,851)(16,520)(17,723)(18,650)(29,041)(29,695)(23,590)
Total noncurrent assets:3,0783,2503,1953,3063,4233,7042,906
Other undisclosed assets15,71516,43117,66518,63024,19024,85418,427
TOTAL ASSETS:19,38320,21921,41122,62428,59930,76923,241
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,6036,4086,0475,4713,1103,7641,787
Accounts payable1,6331,5151,3511,2971,053869 
Accrued liabilities1,2891,1131,5021,4751,4642,346 
Employee-related liabilities552323435609593550376
Interest and dividends payable4,1293,4572,7592,090   
Other undisclosed accounts payable and accrued liabilities      1,411
Debt6,5581925,3944,6504,1964,10013,012
Due to related parties49491,7071,272   
Deferred revenue and credits3,6523,5323,8773,4533,1602,7372,508
Deferred tax liabilities    2,1472,1472,147
Other liabilities    6,5007,200 
Other undisclosed current liabilities3,60110,5012,0473,234(1,725)(1,558)3,778
Total current liabilities:21,46320,68219,07218,08017,38818,39023,231
Noncurrent Liabilities
Long-term debt and lease obligation9,1879,04910,15010,79211,51211,868427
Long-term debt, excluding current maturities9,1619,02010,11010,72611,42111,761297
Capital lease obligations2629406691107130
Liabilities, other than long-term debt2,4572,7012,1652,370   
Due to related parties2,0252,1762,1652,370   
Other liabilities432525     
Other undisclosed noncurrent liabilities1,8682,0852,2652,4717,2967,5685,151
Total noncurrent liabilities:13,51213,83514,58015,63318,80819,4355,578
Total liabilities:34,97534,51733,65233,71336,19637,82528,810
Commitments and contingencies (247)     
Temporary equity, carrying amount 247     
Stockholders' equity
Stockholders' equity attributable to parent, including:(17,795)(16,371)(14,192)(13,017)(9,531)(8,950)(7,654)
Common stock7777776
Additional paid in capital9,0629,0539,0238,9858,6358,4357,177
Accumulated deficit(26,864)(25,431)     
Other undisclosed stockholders' equity attributable to parent  (23,222)(22,009)(18,172)(17,392)(14,837)
Stockholders' equity attributable to noncontrolling interest2,2032,0731,9511,9281,9341,8952,085
Total stockholders' equity:(15,592)(14,298)(12,241)(11,089)(7,597)(7,056)(5,569)
TOTAL LIABILITIES AND EQUITY:19,38320,21921,41122,62428,59930,76923,241

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

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Revenues
(Revenue, Net)
5,2485,0604,9064,9225,1153,2503,301
Cost of revenue(1,354)(1,226)(1,476)(1,483)(1,445)(942)(1,066)
Cost of goods and services sold(1,329) (1,476)(1,483)(1,445)(942)(1,066)
Gross profit:3,8943,8343,4303,4393,6712,3092,235
Operating expenses(6,045)(6,540)(6,401)(8,769)(6,107)(4,493)(5,256)
Other undisclosed operating income1,3541,2261,4761,4831,4459421,066
Operating loss:(797)(1,480)(1,495)(3,847)(991)(1,242)(1,956)
Nonoperating income (expense)(509)(726)337(19)341(941)427
Investment income, nonoperating357      
Interest and debt expense(908)(950)(911)(821)(853)(796)(639)
Loss before gain (loss) on sale of properties:(2,214)(3,156)(2,069)(4,687)(1,503)(2,979)(2,167)
Other undisclosed net income9089509118218531,0322,257
Net income (loss):(1,306)(2,206)(1,158)(3,866)(650)(1,947)89
Net income (loss) attributable to noncontrolling interest(127)(311)5430(130)(373)1,618
Other undisclosed net income (loss) attributable to parent 308(108)  (472)(3,236)
Net loss available to common stockholders, diluted:(1,433)(2,209)(1,212)(3,836)(780)(2,792)(1,529)

Comprehensive Income ($ in thousands)

3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
9/30/2013
Q3
Net income (loss):(1,306)(2,206)(1,158)(3,866)(650)(1,947)89
Comprehensive income (loss):(1,306)(2,206)(1,158)(3,866)(650)(1,947)89
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(127)(311)5430130373(1,618)
Comprehensive loss, net of tax, attributable to parent:(1,433)(2,517)(1,104)(3,836)(521)(1,574)(1,529)

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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