Debt Resolve Inc (DRSV) financial statements (2022 and earlier)

Company profile

Business Address 1133 WESTCHESTER AVENUE
WHITE PLAINS, NY 10604
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)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments593 56731
Cash and cash equivalents593 56731
Receivables3,914 292963
Prepaid expense33 3348
Intangible current assets 2,739 
Prepaid expense and other current assets30
Total current assets:4,5402,73911784124
Noncurrent Assets
Property, plant and equipment   5311
Long-term investments and receivables3,060    
Accounts and financing receivable, after allowance for credit loss3,060    
Other undisclosed noncurrent assets   (530)1
Total noncurrent assets:3,060  12
TOTAL ASSETS:7,6002,73911785126
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,1783,4813,3883,1623,303
Accounts payable6987411,0261,1331,564
Accrued liabilities2,4191,9121,4741,122835
Employee-related liabilities1,061827889906904
Interest and dividends payable337    
Other undisclosed accounts payable and accrued liabilities(337)    
Debt2,120(2,035)6567251,878
Due to related parties304 459455 
Other undisclosed current liabilities8,893 81180882
Total current liabilities:15,4951,4465,3155,1505,263
Noncurrent Liabilities
Long-term debt and lease obligation1,114 1,75063205
Long-term debt, excluding current maturities1,114 1,75063205
Liabilities, other than long-term debt279    
Due to related parties279    
Other undisclosed noncurrent liabilities  4051,15991
Total noncurrent liabilities:1,392 2,1551,222297
Total liabilities:16,8871,4467,4696,3735,559
Stockholders' equity
Stockholders' equity attributable to parent, including:(8,728)(1,216)(7,310)(6,288)(5,434)
Preferred stock  1  
Common stock121 989890
Additional paid in capital67,737 66,62166,83467,221
Deferred compensation equity(1,236)(1,216)(1,122)(1,678) 
Accumulated deficit(76,586) (74,029)(73,220)(72,745)
Other undisclosed stockholders' equity attributable to parent1,236 1,1221,678 
Stockholders' equity attributable to noncontrolling interest(560) (42)  
Total stockholders' equity:(9,287)(1,216)(7,352)(6,288)(5,434)
TOTAL LIABILITIES AND EQUITY:7,60023011785126

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
4,4355,714156144176
Cost of revenue (1,666)(0)(54) 
Financial services costs (1,666)   
Gross profit:4,4354,04815690176
Operating expenses(4,913)(6,128)(1,325)(667)(1,074)
Other undisclosed operating income 1,666   
Operating loss:(478)(414)(1,170)(577)(898)
Nonoperating income (expense)(1,388)(729)318102(670)
Interest and debt expense(1,159)(91)(380)(299)(283)
Other undisclosed income from continuing operations before equity method investments, income taxes1,15991380299283
Net loss:(1,866)(1,143)(851)(475)(1,568)
Net loss attributable to noncontrolling interest(88)(365)(42)  
Other undisclosed net income attributable to parent8836542  
Net loss available to common stockholders, diluted:(1,866)(1,143)(851)(475)(1,568)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(1,866)(1,143)(851)(475)(1,568)
Comprehensive loss:(1,866)(1,143)(851)(475)(1,568)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(88)(365)42  
Comprehensive loss, net of tax, attributable to parent:(1,954)(1,508)(809)(475)(1,568)

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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