Advanced Credit Technologies Inc (ACRT) financial statements (2021 and earlier)

Company profile

Business Address 871 VENETIA BAY BLVD,
VENICE, FL 34285
State of Incorp.
Fiscal Year End December 31
SIC 7372 - Prepackaged Software (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments271211133244
Cash and cash equivalents271211133244
Receivables 40    
Other undisclosed current assets1 916  
Total current assets:2741301293244
Noncurrent Assets
Property, plant and equipment322444551671  
Other undisclosed noncurrent assets(322)     
Total noncurrent assets: 444551671  
TOTAL ASSETS:274855818003244
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11165101012462
Interest and dividends payable6     
Other undisclosed accounts payable and accrued liabilities10665101012462
Deferred revenue 15
Debt353545  26
Due to related parties15030 14519131
Other undisclosed current liabilities6 4050  
Total current liabilities:30214594205316118
Noncurrent Liabilities
Other undisclosed noncurrent liabilities36     
Total noncurrent liabilities:36     
Other undisclosed liabilities     161
Total liabilities:33714594205316279
Stockholders' equity
Stockholders' equity attributable to parent, including:(310)340486594(284)(235)
Preferred stock0000  
Common stock746866624436
Common stock, value, subscriptions 3515012  
Additional paid in capital4,6524,1483,8843,1421,7331,261
Accumulated deficit(5,166)(4,183)(3,662)(2,621)(2,061)(1,532)
Warrants and rights outstanding  19   
Other undisclosed stockholders' equity attributable to parent13027229   
Total stockholders' equity:(310)340486594(284)(235)
TOTAL LIABILITIES AND EQUITY:274855818003244

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues207710 46
Revenue, net 4 
Other income     1
Cost of revenue
(Cost of Goods and Services Sold)
    (0)(0)
Other undisclosed gross profit     0
Gross profit:207710 46
Operating expenses(809)(598)(1,038)(651)(462)(394)
Other undisclosed operating income (loss)(72)   0 
Operating loss:(861)(521)(1,028)(651)(458)(388)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(123)(0)(13)91  
Interest and debt expense(120)(0)(12)151(63)(52)
Net loss:(1,103)(521)(1,052)(409)(521)(440)
Other undisclosed net income (loss) attributable to parent120012(151)01
Net loss available to common stockholders, diluted:(983)(521)(1,040)(560)(521)(439)

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(1,103)(521)(1,052)(409)(521)(440)
Comprehensive loss, net of tax, attributable to parent:(1,103)(521)(1,052)(409)(521)(440)

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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