Velatel Global Communications Inc (CHTL) financial statements (2022 and earlier)

Company profile

Business Address 5950 LA PLACE COURT, SUITE 160
CARLSBAD, CA 92008
State of Incorp. NV
Fiscal Year End December 31
SIC 4812 - Radiotelephone Communications (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments898208
Cash and cash equivalents898208
Receivables1,166446
Inventory, net of allowances, customer advances and progress billings61
Inventory61 
Prepaid expense288
Prepaid expense and other current assets99
Assets held-for-sale1,0144,677
Other undisclosed current assets 68
Total current assets:3,4265,498
Noncurrent Assets
Property, plant and equipment273409
Intangible assets, net (including goodwill)874819
Goodwill286 
Intangible assets, net (excluding goodwill)589819
Assets of disposal group, including discontinued operation 4,594
Other undisclosed noncurrent assets(286)(4,363)
Total noncurrent assets:8611,459
Other undisclosed assets273409
TOTAL ASSETS:4,5617,366
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:13,86312,954
Accounts payable5,310 
Other undisclosed accounts payable and accrued liabilities8,55312,954
Debt10,5879,374
Derivative instruments and hedges, liabilities18,0586,394
Due to related parties2,314826
Disposal group, including discontinued operation 8,972
Deferred revenue and credits825 
Other undisclosed current liabilities7,4291,951
Total current liabilities:53,07740,471
Noncurrent Liabilities
Long-term debt and lease obligation9,7653,450
Long-term debt, excluding current maturities9,7653,450
Liabilities, other than long-term debt8112
Financial instruments subject to mandatory redemption, settlement terms, share value, amount8112
Other undisclosed noncurrent liabilities(9,765) 
Total noncurrent liabilities:813,462
Total liabilities:53,15843,933
Stockholders' equity
Stockholders' equity attributable to parent, including:(47,493)(35,291)
Common stock1,416105
Additional paid in capital276,735263,200
Accumulated other comprehensive loss(68)(69)
Accumulated deficit(325,398)(298,348)
Other undisclosed stockholders' equity attributable to parent(179)(179)
Stockholders' equity attributable to noncontrolling interest(1,104)(1,276)
Total stockholders' equity:(48,597)(36,567)
TOTAL LIABILITIES AND EQUITY:4,5617,366

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

12/31/2013
12/31/2012
Revenues1,9261,877
Cost of revenue(1,239)(1,210)
Gross profit:687667
Operating expenses(12,808)(22,820)
Operating loss:(12,121)(22,153)
Nonoperating expense(9,953)(16,159)
Interest and debt expense(11,493)9,447
Loss from continuing operations:(33,568)(28,866)
Loss from discontinued operations (7,289)
Loss before gain (loss) on sale of properties:(33,568)(36,154)
Other undisclosed net income (loss)15,518(9,447)
Net loss:(18,050)(45,601)
Net income (loss) attributable to noncontrolling interest(172)2,448
Other undisclosed net income attributable to parent345 
Net loss available to common stockholders, diluted:(17,878)(43,153)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(18,050)(45,601)
Other undisclosed comprehensive income (loss)174(69)
Comprehensive loss:(17,876)(45,671)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest172(2,448)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(345)4,896
Comprehensive loss, net of tax, attributable to parent:(18,048)(43,223)

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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