Excel Corp (EXCC) financial statements (2020 and earlier)

Company profile

Business Address 6363 NORTH STATE HIGHWAY 161
IRVING, TX 75038
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (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 investments1,5863623278646
Cash and cash equivalents1,5863623278646
Receivables1,8961,17490268
Inventory, net of allowances, customer advances and progress billings 77
Inventory 77  
Prepaid expense106454633
Other current assets8984  
Other undisclosed current assets  384 2
Total current assets:3,6771,67285444715
Noncurrent Assets
Property, plant and equipment  231  
Intangible assets, net (including goodwill)  4,440
Goodwill  4,440  
Other noncurrent assets11,03512,3414,7398
Prepaid expense and other noncurrent assets150
Other undisclosed noncurrent assets  (4,671)  
Total noncurrent assets:11,03512,3414,7398150
TOTAL ASSETS:14,71214,0135,59351865
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1833,7231,836213141
Accounts payable5771,375807147140
Accrued liabilities551839426  
Employee-related liabilities1,0551,50960366 
Taxes payable    0
Debt12,8098,985582 120
Deferred compensation liability(803)    
Disposal group, including discontinued operation50    
Other undisclosed current liabilities803  162277
Total current liabilities:15,04212,7072,418375538
Noncurrent Liabilities
Long-term debt and lease obligation42268711  
Long-term debt, excluding current maturities42268711  
Total noncurrent liabilities:42268711  
Total liabilities:15,08412,9763,129375538
Stockholders' equity
Stockholders' equity attributable to parent, including:(372)1,0382,464(324)328
Common stock10101073
Additional paid in capital4,8144,4284,2321,011725
Accumulated deficit(5,197)(3,401)(1,778)(1,341)(401)
Other undisclosed stockholders' equity attributable to parent0    
Total stockholders' equity:(372)1,0382,464(324)328
TOTAL LIABILITIES AND EQUITY:14,71214,0135,59351865

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues17,11517,5999,112432 
Revenue, net 12,0506,883  
Financial services revenue 5,5492,404  
Cost of revenue(14,292)(4,926)(2,000)(45) 
Cost of goods and services sold  (1,422)(45) 
Other undisclosed gross profit    8
Gross profit:2,82312,6737,1123878
Operating expenses (14,370)(10,133)(1,403)(564)
Other operating income (expense), net(34)  115 
Other expenses   115 
Operating income (loss):2,789(1,697)(3,021)(901)(557)
Nonoperating income (expense)2,8234462,975(1)223
Investment income, nonoperating   (2)3
Other nonoperating income (expense)2,823 2,975(136) 
Interest and debt expense(1,556)(372)(391)  
Income (loss) from continuing operations before equity method investments, income taxes:4,056(1,622)(437)(902)(334)
Other undisclosed loss from continuing operations before income taxes(2,823)  (39) 
Income (loss) from continuing operations:1,233(1,622)(437)(941)(334)
Loss from discontinued operations(2,189)    
Net loss:(956)(1,622)(437)(941)(334)
Other undisclosed net loss attributable to parent(841)    
Net loss available to common stockholders, diluted:(1,796)(1,622)(437)(941)(334)

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(956)(1,622)(437)(941)(334)
Comprehensive loss, net of tax, attributable to parent:(956)(1,622)(437)(941)(334)

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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