Softech Inc (SOFT) financial statements (2022 and earlier)

Company profile

Business Address 650 SUFFOLK STREET
LOWELL, MA 01851
State of Incorp. MA
Fiscal Year End May 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2016
Q2
8/31/2016
Q1
5/31/2016
Q4
2/29/2016
Q3
11/30/2015
Q2
8/31/2015
Q1
5/31/2015
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments345901757310449310
Cash and cash equivalents345901757310449310
Receivables368637477(0)(18)667587
Prepaid expense  207278206252315
Other undisclosed current assets3213331309261,187243243
Total current assets:1,0341,0609891,2771,4791,2111,455
Noncurrent Assets
Property, plant and equipment53637177869657
Intangible assets, net (including goodwill)1201,0611,0611,0621,0621,0591,057
Goodwill 948948948948948948
Intangible assets, net (excluding goodwill)120113113114114111109
Other undisclosed noncurrent assets1,3731,0769941,037919836724
Total noncurrent assets:1,5462,2002,1262,1762,0671,9911,838
TOTAL ASSETS:2,5803,2603,1153,4533,5463,2023,293
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities886700501641658598420
Accounts payable315223178281265305137
Accrued liabilities571477323360393293283
Debt241,2749242424696465
Deferred revenue and credits1271,3221,531 1,2891,3271,732
Other undisclosed current liabilities   2,45892624 
Total current liabilities:1,0373,2962,9563,1232,8972,6452,617
Noncurrent Liabilities
Other undisclosed noncurrent liabilities27313946555840
Total noncurrent liabilities:27313946555840
Total liabilities:1,0643,3272,9953,1692,9522,7032,657
Stockholders' equity
Stockholders' equity attributable to parent1,306(1,327)(1,140)(976)(666)(691)(554)
Common stock73737373737373
Additional paid in capital27,14027,14027,13827,11427,08527,08727,056
Accumulated other comprehensive loss(227)(283)(278)(258)(228)(277)(283)
Accumulated deficit(25,680)(28,257)(28,073)(27,905)(27,596)(27,574)(27,400)
Other undisclosed stockholders' equity2101,2601,2601,2601,2601,1901,190
Total stockholders' equity:1,516(67)120284594499636
TOTAL LIABILITIES AND EQUITY:2,5803,2603,1153,4533,5463,2023,293

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

11/30/2016
Q2
8/31/2016
Q1
5/31/2016
Q4
2/29/2016
Q3
11/30/2015
Q2
8/31/2015
Q1
5/31/2015
Q4
Revenues
(Revenue, Net)
6379299799121,3049811,126
Cost of revenue
(Cost of Goods and Services Sold)
(235)(359)(320)(353)(443)(406)(383)
Gross profit:402570659559861575743
Operating expenses(614)(728)(793)(872)(771)(753)(785)
Other operating income (expense), net  (1)(12)(23)(7)16
Other expenses  (1)(12)(23)  
Other undisclosed operating income (loss)2,804 (15)33(38)1739
Operating income (loss):2,592(158)(150)(292)29(168)13
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
56(5)(20)(30)4961
Interest and debt expense(16)(26)(25)(30)(28)(13)(7)
Income (loss) from continuing operations before equity method investments, income taxes:2,632(189)(195)(352)50(175)7
Other undisclosed loss from continuing operations before income taxes      (313)
Income (loss) from continuing operations before income taxes:2,632(189)(195)(352)50(175)(306)
Other undisclosed loss from continuing operations  (2)   (2)
Income (loss) before gain (loss) on sale of properties:2,632(189)(197)(352)50(175)(308)
Other undisclosed net income  29  1296
Net income (loss):2,632(189)(168)(352)50(174)(12)
Other undisclosed net income (loss) attributable to parent(56)5 42(72)  
Net income (loss) attributable to parent:2,576(184)(168)(310)(22)(174)(12)
Other undisclosed net income available to common stockholders, basic      1,318
Net income (loss) available to common stockholders, diluted:2,576(184)(168)(310)(22)(174)1,306

Comprehensive Income ($ in thousands)

11/30/2016
Q2
8/31/2016
Q1
5/31/2016
Q4
2/29/2016
Q3
11/30/2015
Q2
8/31/2015
Q1
5/31/2015
Q4
Net income (loss):2,632(189)(168)(352)50(174)(12)
Other comprehensive income (loss) (5) 340(27)  
Other undisclosed comprehensive income (loss) 5(475)  61
Comprehensive income (loss):2,632(189)(643)(12)23(168)(11)
Comprehensive income, net of tax, attributable to noncontrolling interest     61
Comprehensive income (loss), net of tax, attributable to parent:2,632(189)(643)(12)23(162)(10)

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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