SCWorx Corp. (WORX) Financial Statements (2024 and earlier)

Company Profile

Business Address 590 MADISON AVENUE
NEW YORK, NY 10022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 799 - Miscellaneous Amusement And Recreation (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2497137648830348
Cash and cash equivalents2497137648830348
Restricted cash and investments     5,401 
Receivables33646572279932226
Inventory, net of allowances, customer advances and progress billings (523)157998   
Inventory (523)157998   
Other undisclosed current assets81964881120071
Total current assets:8817562,1851,2985,663645
Noncurrent Assets
Property, plant and equipment   76105 259
Intangible assets, net (including goodwill)8,3668,3668,3668,5723678,851
Goodwill8,3668,3668,3668,366 5,964
Intangible assets, net (excluding goodwill)    2053672,887
Other noncurrent assets    18  
Other undisclosed noncurrent assets     (367) 
Total noncurrent assets:8,3668,3668,4438,694 9,110
TOTAL ASSETS:9,2479,12310,6279,9935,6639,755
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3641,4331,5702,0111,065930
Accounts payable600600    
Accrued liabilities 381381    
Other undisclosed accounts payable and accrued liabilities3834521,5702,0111,065930
Deferred revenue5804732,0251,057
Debt     200300
Derivative instruments and hedges, liabilities     14 
Disposal group, including discontinued operation     475 
Due to related parties154154  300 
Customer advances and deposits57
Other undisclosed current liabilities2252251,004 6,517310
Total current liabilities:2,3232,2844,5993,0678,5711,597
Noncurrent Liabilities
Long-term debt and lease obligation148434294   
Long-term debt, excluding current maturities148434294   
Liabilities, other than long-term debt      24
Deferred tax liabilities, net 24
Total noncurrent liabilities:148434294  24
Total liabilities:2,4712,7184,8933,0678,5711,621
Equity
Equity, attributable to parent, including:6,7776,4055,7346,926(2,908)8,134
Preferred stock0001  
Common stock1311107113
Additional paid in capital32,02229,80525,92119,71228,40824,646
Accumulated deficit(25,859)(24,011)(20,197)(12,794)(31,317)(16,524)
Other undisclosed equity, attributable to parent 600600    
Total equity:6,7776,4055,7346,926(2,908)8,134
TOTAL LIABILITIES AND EQUITY:9,2479,12310,6279,9935,6639,755

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,0384,6335,2135,5481504,218
Cost of revenue   (4,382) (2,691)
Gross profit:4,0384,6335,2131,1661501,526
Operating expenses(6,165)(8,447)(11,258)(17,446)(3,733)(12,800)
Other undisclosed operating income   4,382  
Operating loss:(2,127)(3,814)(6,045)(11,897)(3,583)(11,274)
Nonoperating income (expense)279 (1,357)585 (17)
Other nonoperating income (expense)279    (17)
Interest and debt expense   152(259) 
Other undisclosed loss from continuing operations before equity method investments, income taxes    (152)  
Loss from continuing operations before equity method investments, income taxes:(1,847)(3,814)(7,402)(11,313)(3,842)(11,290)
Other undisclosed income from continuing operations before income taxes    55 
Loss from continuing operations before income taxes:(1,847)(3,814)(7,402)(11,313)(3,787)(11,290)
Income tax expense (benefit)(220)(34,904)(695)(1,500) (688)
Loss from continuing operations:(2,067)(38,719)(8,097)(12,813)(3,787)(11,979)
Loss before gain (loss) on sale of properties:(42,533)(8,097)(12,813)(14,592)(11,979)
Income (loss) from discontinued operations 1,847(3,814)  (10,805) 
Other undisclosed net income (loss)(1,627)46,3486951,500  
Net income (loss):(1,847)3,814(7,402)(11,313)(14,592)(11,979)
Other undisclosed net loss attributable to parent  (7,629)    
Net loss available to common stockholders, diluted:(1,847)(3,814)(7,402)(11,313)(14,592)(11,979)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(1,847)3,814(7,402)(11,313)(14,592)(11,979)
Comprehensive income (loss), net of tax, attributable to parent:(1,847)3,814(7,402)(11,313)(14,592)(11,979)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: