CORETEC GROUP INC. (CRTG) financial statements (2021 and earlier)

Company profile

Business Address 333 JACKSON PLAZA
ANN ARBOR, MI 48103
State of Incorp. OK
Fiscal Year End December 31
SIC 3669 - Communications Equipment, 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 investments2258447111134
Cash and cash equivalents2258447111134
Prepaid expense180893735452117
Deferred costs      3
Other undisclosed current assets    13 (3)
Total current assets:20214741506583252
Noncurrent Assets
Property, plant and equipment 0126  
Intangible assets, net (including goodwill)1,2251,3051,3851,4661,546  
Goodwill166166166166166  
Intangible assets, net (excluding goodwill)1,0591,1391,2191,3001,380  
Deposits noncurrent assets19422222
Other undisclosed noncurrent assets      3
Total noncurrent assets:1,2441,3091,3891,4701,55425
TOTAL ASSETS:1,4461,4561,4301,9761,6133557
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3966165987553511,190580
Accounts payable     824385
Employee-related liabilities     317158
Interest and dividends payable  2623844937
Other undisclosed accounts payable and accrued liabilities396616572732268  
Debt473995111114183406
Due to related parties  2,1711,52171  
Other undisclosed current liabilities  262318022
Total current liabilities:4436552,8892,4115541,3741,007
Noncurrent Liabilities
Long-term debt and lease obligation      406
Long-term debt, excluding current maturities      406
Liabilities, other than long-term debt267121 1241,054  
Due to related parties267121 1241,054  
Other undisclosed noncurrent liabilities      (406)
Total noncurrent liabilities:267121 1241,054  
Total liabilities:7097752,8892,5351,6091,3741,007
Stockholders' equity
Stockholders' equity attributable to parent, including:737680(1,459)(559)4(1,339)(950)
Preferred stock000  00
Common stock43391413296274108
Additional paid in capital8,0336,1362,1672,02158620,54620,201
Accumulated deficit(7,339)(5,494)(3,640)(2,593)(880)(22,159) 
Warrants and rights outstanding      22
Other undisclosed stockholders' equity attributable to parent   01 (21,280)
Total stockholders' equity:737680(1,459)(559)4(1,339)(950)
TOTAL LIABILITIES AND EQUITY:1,4461,4561,4301,9761,6133557

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
Revenues     586
Revenue, net  515
Cost of revenue(665)(287)(395)(320)(60)(58)(76)
Gross profit:(665)(287)(395)(320)(60)(53)10
Operating expenses(1,181)(1,567)(836)(1,393)(685)(848)(1,264)
Operating loss:(1,846)(1,854)(1,231)(1,713)(745)(900)(1,254)
Nonoperating income
(Other Nonoperating income)
1      
Interest and debt expense(665)(287)(210)(320)(60)(58)(76)
Net loss:(2,510)(2,142)(1,441)(2,033)(805)(958)(1,329)
Other undisclosed net income attributable to parent665287395320605876
Net loss available to common stockholders, diluted:(1,845)(1,854)(1,046)(1,713)(745)(900)(1,254)

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:(2,510)(2,142)(1,441)(2,033)(805)(958)(1,329)
Comprehensive loss, net of tax, attributable to parent:(2,510)(2,142)(1,441)(2,033)(805)(958)(1,329)

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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