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)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,5651,8491,354
Cash and cash equivalents4,5651,8491,354
Receivables2,5332,6042,366
Prepaid expense362492
Prepaid expense and other current assets528
Deferred tax assets864851911
Total current assets:8,3235,7955,159
Noncurrent Assets
Property, plant and equipment500709923
Intangible assets, net (including goodwill)1,0391,4411,600
Goodwill1,0391,0391,039
Intangible assets, net (excluding goodwill) 402561
Deferred costs245684
Other noncurrent assets148425
Prepaid expense and other noncurrent assets363
Deferred tax assets, net3,9204,6735,879
Other undisclosed noncurrent assets5,2155,6256,758
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 payable1,4131,0591,681
Accrued liabilities1,2531,4121,391
Employee-related liabilities908963837
Other undisclosed accounts payable and accrued liabilities(2,321)(2,022)(2,518)
Debt1,962115110
Deferred revenue and credits2,6383,2292,510
Other undisclosed current liabilities1,4131,0591,681
Total current liabilities:7,2675,8155,692
Noncurrent Liabilities
Long-term debt and lease obligation, including:2341,9921,935
Capital lease obligations234353477
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 stock268264259
Additional paid in capital33,05732,67432,004
Accumulated deficit(21,655)(22,021)(19,123)
Warrants and rights outstanding1,4421,4421,442
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)

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 taxes362464126
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)

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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