Accelerize Inc. (ACLZ) financial statements (2020 and earlier)

Company profile

Business Address 2601 OCEAN PARK BLVD., SUITE 310
SANTA MONICA, CA 90405
State of Incorp. DE
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 271671,6809081,1311,157
Cash and cash equivalents 271671,6809081,1311,157
Restricted cash and investments 505050   
Receivables 2,0822,6932,2301,8331,7501,042
Other undisclosed current assets 25554839824020485
Total current assets: 2,4143,4584,3582,9813,0852,284
Noncurrent Assets
Property, plant and equipment 52692,9331,9571,425757
Intangible assets, net (including goodwill) (4,725)3,926 (1,000)296963
Intangible assets, net (excluding goodwill) (4,725)3,926 (1,000)296963
Deferred costs    3738 
Other noncurrent assets 108123103125133 
Other undisclosed noncurrent assets 4,725  1,000  
Total noncurrent assets: 1604,1183,0362,1181,8921,720
TOTAL ASSETS: 2,5747,5767,3945,0994,9764,004
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 3,0182,4792,6392,2371,2021,703
Other undisclosed accounts payable and accrued liabilities 3,0182,4792,6392,2371,2021,703
Debt 3,3994,2802,546   
Deferred revenue and credits300531020683
Contract with customer, liability444
Other liabilities    4,635  
Total current liabilities: 6,8617,0595,2386,8821,4091,786
Noncurrent Liabilities
Long-term debt and lease obligation 8,1624,6714,588 2,900 
Long-term debt, excluding current maturities 8,1624,6714,588 2,900 
Liabilities, other than long-term debt 1,0241,0631,488   
Due to related parties 387     
Other liabilities 6381,0631,488   
Total noncurrent liabilities: 9,1865,7336,076 2,900 
Total liabilities: 16,04712,79211,3146,8824,3091,786
Stockholders' equity
Stockholders' equity attributable to parent (13,473)(5,217)(3,920)(1,783)6672,217
Common stock 666663656358
Additional paid in capital 29,49826,30225,21223,44019,61817,908
Accumulated other comprehensive loss (77)(42)(77)(22)(11) 
Accumulated deficit (42,960)(31,543)(29,118)(25,267)(19,003)(15,749)
Total stockholders' equity: (13,473)(5,217)(3,920)(1,783)6672,217
TOTAL LIABILITIES AND EQUITY: 2,5747,5767,3945,0994,9764,004

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 21,73024,10523,75321,39716,4609,654
Cost of revenue (9,076)(9,067)(8,230)(6,494)(4,144)(2,063)
Gross profit: 12,65415,03815,52314,90312,3167,590
Operating expenses (21,491)(16,142)(18,175)(20,988)(15,538)(9,839)
Other undisclosed operating income      2,063
Operating loss: (8,837)(1,105)(2,652)(6,086)(3,222)(185)
Nonoperating expense (2,580)(1,320)(1,200)(178)(32)(25)
Investment income, nonoperating  121891815
Interest and debt expense (943)(249)(1,221)(267)(50)(40)
Loss from continuing operations before income taxes: (12,361)(2,674)(5,072)(6,531)(3,303)(250)
Other undisclosed income from continuing operations     50 
Loss before gain (loss) on sale of properties: (12,361)(2,674)(5,072)(6,531)(3,253)(250)
Other undisclosed net income   1,221267  
Net loss: (12,361)(2,674)(3,852)(6,264)(3,253)(250)
Other undisclosed net income attributable to parent 943249   343
Net income (loss) available to common stockholders, diluted: (11,417)(2,424)(3,852)(6,264)(3,253)94

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net loss: (12,361)(2,674)(3,852)(6,264)(3,253)(250)
Other comprehensive loss   (56)(11)(11) 
Comprehensive loss: (12,361)(2,674)(3,907)(6,275)(3,264)(250)
Other undisclosed comprehensive income, net of tax, attributable to parent 908285    
Comprehensive loss, net of tax, attributable to parent: (11,453)(2,389)(3,907)(6,275)(3,264)(250)

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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