Cover All Technologies Inc (COVR) financial statements (2020 and earlier)

Company profile

Business Address 18 01 POLLITT DR
FAIR LAWN, NJ 07410
State of Incorp. DE
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)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4,5651,8491,354
Cash and cash equivalents 4,5651,8491,354
Receivables 2,5332,6042,366
Prepaid expense 362492
Prepaid expense and other current assets528
Deferred tax assets 864851911
Total current assets: 8,3235,7955,159
Noncurrent Assets
Property, plant and equipment 500709923
Intangible assets, net (including goodwill) 1,0391,4411,600
Goodwill 1,0391,0391,039
Intangible assets, net (excluding goodwill)  402561
Deferred costs 245684
Other noncurrent assets 148425
Prepaid expense and other noncurrent assets363
Deferred tax assets, net 3,9204,6735,879
Other undisclosed noncurrent assets 5,2155,6256,758
Total noncurrent assets: 10,84712,92915,608
TOTAL ASSETS: 19,17018,72420,767
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,2531,4121,391
Accounts payable 1,4131,0591,681
Accrued liabilities 1,2531,4121,391
Employee-related liabilities 908963837
Other undisclosed accounts payable and accrued liabilities (2,321)(2,022)(2,518)
Debt 1,962115110
Deferred revenue and credits 2,6383,2292,510
Other undisclosed current liabilities 1,4131,0591,681
Total current liabilities: 7,2675,8155,692
Noncurrent Liabilities
Long-term debt and lease obligation, including: 2341,9921,935
Capital lease obligations 234353477
Other undisclosed long-term debt and lease obligation  1,6391,458
Total noncurrent liabilities: 2341,9921,935
Total liabilities: 7,5007,8077,626
Stockholders' equity
Stockholders' equity attributable to parent, including: 11,67010,91713,140
Common stock 268264259
Additional paid in capital 33,05732,67432,004
Accumulated deficit (21,655)(22,021)(19,123)
Warrants and rights outstanding 1,4421,4421,442
Other undisclosed stockholders' equity attributable to parent (1,442)(1,442)(1,442)
Total stockholders' equity: 11,67010,91713,140
TOTAL LIABILITIES AND EQUITY: 19,17018,72420,767

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

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
 20,47820,48316,225
Cost of revenue
(Cost of Goods and Services Sold)
 (11,065)(15,383)(15,714)
Gross profit: 9,4145,100511
Operating expenses (8,633)(7,508)(5,632)
Operating income (loss): 781(2,408)(5,121)
Nonoperating expense (362)(460)(111)
Interest and debt expense (362)(464)(126)
Income (loss) from continuing operations before equity method investments, income taxes: 57(3,332)(5,358)
Other undisclosed income from continuing operations before income taxes 362464126
Income (loss) from continuing operations before income taxes: 419(2,868)(5,232)
Income tax expense (benefit) (52)(30)258
Net income (loss) available to common stockholders, diluted: 366(2,898)(4,974)

Comprehensive Income ($ in thousands)

3/31/2015
TTM
12/31/2014
12/31/2013
12/31/2012
Net income (loss): 366(2,898)(4,974)
Comprehensive income (loss), net of tax, attributable to parent: 366(2,898)(4,974)

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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