Accelerize Inc. (ACLZ) financial statements (2021 and earlier)

Company profile

Business Address 600 E. 8TH STREET
WHITEFISH, MT 59937
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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments160108271671,6809081,131
Cash and cash equivalents160108271671,6809081,131
Restricted cash and investments20 505050  
Receivables9732,0822,6932,2301,8331,750
Inventory, net of allowances, customer advances and progress billings39      
Inventory39      
Other undisclosed current assets154255548398240204
Total current assets:2431852,4143,4584,3582,9813,085
Noncurrent Assets
Property, plant and equipment8352692,9331,9571,425
Intangible assets, net (including goodwill)  (4,725)3,926 (1,000)296
Intangible assets, net (excluding goodwill)  (4,725)3,926 (1,000)296
Deferred costs     3738
Other noncurrent assets  108123103125133
Other undisclosed noncurrent assets200 4,725  1,000 
Total noncurrent assets:20831604,1183,0362,1181,892
TOTAL ASSETS:4501882,5747,5767,3945,0994,976
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9472623,0182,4792,6392,2371,202
Other undisclosed accounts payable and accrued liabilities9472623,0182,4792,6392,2371,202
Deferred revenue2616
Debt188 3,3994,2802,546  
Disposal group, including discontinued operation80100     
Deferred revenue and credits3005310206
Contract with customer, liability444
Other liabilities     4,635 
Total current liabilities:1,2413776,8617,0595,2386,8821,409
Noncurrent Liabilities
Long-term debt and lease obligation7154848,1624,6714,588 2,900
Long-term debt, excluding current maturities7154848,1624,6714,588 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:7154849,1865,7336,076 2,900
Total liabilities:1,95686116,04712,79211,3146,8824,309
Stockholders' equity
Stockholders' equity attributable to parent, including:(1,505)(674)(13,473)(5,217)(3,920)(1,783)667
Common stock1051006666636563
Additional paid in capital34,28234,03129,49826,30225,21223,44019,618
Accumulated other comprehensive income (loss)84(83)(77)(42)(77)(22)(11)
Accumulated deficit(36,384)(34,721)(42,960)(31,543)(29,118)(25,267)(19,003)
Other undisclosed stockholders' equity attributable to parent4090     
Total stockholders' equity:(1,505)(674)(13,473)(5,217)(3,920)(1,783)667
TOTAL LIABILITIES AND EQUITY:4501882,5747,5767,3945,0994,976

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues50686521,73024,10523,75321,39716,460
Cost of revenue(537)(865)(9,076)(9,067)(8,230)(6,494)(4,144)
Gross profit:(30)012,65415,03815,52314,90312,316
Operating expenses(1,199)(6,012)(21,491)(16,142)(18,175)(20,988)(15,538)
Operating loss:(1,230)(6,012)(8,837)(1,105)(2,652)(6,086)(3,222)
Nonoperating expense(113)(14)(2,580)(1,320)(1,200)(178)(32)
Investment income, nonoperating00 1218918
Interest and debt expense(71)(14)(943)(249)(1,221)(267)(50)
Loss from continuing operations before equity method investments, income taxes:(1,414)(6,040)(12,361)(2,674)(5,072)(6,531)(3,303)
Other undisclosed income from continuing operations before income taxes7114     
Loss from continuing operations before income taxes:(1,343)(6,026)(12,361)(2,674)(5,072)(6,531)(3,303)
Other undisclosed income from continuing operations      50
Loss from continuing operations:(1,343)(6,026)(12,361)(2,674)(5,072)(6,531)(3,253)
Loss from discontinued operations(80)(80)     
Loss before gain (loss) on sale of properties:(1,423)(6,105)(12,361)(2,674)(5,072)(6,531)(3,253)
Other undisclosed net income    1,221267 
Net loss:(1,423)(6,105)(12,361)(2,674)(3,852)(6,264)(3,253)
Other undisclosed net income attributable to parent 14,471943249   
Net income (loss) attributable to parent:(1,423)8,366(11,417)(2,424)(3,852)(6,264)(3,253)
Preferred stock dividends and other adjustments(240)(127)     
Net income (loss) available to common stockholders, diluted:(1,663)8,239(11,417)(2,424)(3,852)(6,264)(3,253)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(1,423)(6,105)(12,361)(2,674)(3,852)(6,264)(3,253)
Other comprehensive loss    (56)(11)(11)
Comprehensive loss:(1,423)(6,105)(12,361)(2,674)(3,907)(6,275)(3,264)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)14,465908285   
Comprehensive income (loss), net of tax, attributable to parent:(1,424)8,359(11,453)(2,389)(3,907)(6,275)(3,264)

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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