Health Revenue Assurance Holdings, Inc. (HRAA) financial statements (2020 and earlier)

Company profile

Business Address 8551 W. SUNRISE BOULEVARD, SUITE 304
PLANTATION, FL 33322
State of Incorp. NV
Fiscal Year End December 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,1071,787
Cash and cash equivalents6,1071,787
Receivables9021,247
Prepaid expense1,050
Prepaid expense and other current assets4
Other current assets2
Other undisclosed current assets(3,028)(893)
Total current assets:5,0322,145
Noncurrent Assets
Property, plant and equipment382365
Deferred costs22
Other noncurrent assets13
Prepaid expense and other noncurrent assets9
Other undisclosed noncurrent assets(382)(106)
Total noncurrent assets:15270
Other undisclosed assets382365
TOTAL ASSETS:5,4292,780
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities569620
Accounts payable154208
Accrued liabilities415412
Debt7754
Due to related parties 75
Other liabilities43 
Other undisclosed current liabilities6,6361,239
Total current liabilities:7,3251,988
Noncurrent Liabilities
Long-term debt and lease obligation298205
Long-term debt, excluding current maturities272181
Capital lease obligations2624
Other undisclosed noncurrent liabilities32399
Total noncurrent liabilities:330604
Total liabilities:7,6552,592
Stockholders' equity
Stockholders' equity attributable to parent, including:(4,154)188
Common stock5539
Common stock, share subscribed but unissued, subscriptions receivable (5)
Additional paid in capital6,5432,739
Other undisclosed stockholders' equity attributable to parent(10,752)(2,585)
Other undisclosed stockholders' equity1,928 
Total stockholders' equity:(2,226)188
TOTAL LIABILITIES AND EQUITY:5,4292,780

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

12/31/2013
12/31/2012
Revenues7,3115,807
Revenue, net7,100 
Cost of revenue(4,062)(2,830)
Gross profit:3,2492,977
Operating expenses(8,047)(3,969)
Operating loss:(4,798)(992)
Nonoperating expense(675)(465)
Debt instrument, convertible, beneficial conversion feature2,600 
Interest and debt expense(1,074)(465)
Other undisclosed income from continuing operations before equity method investments, income taxes 465
Net loss:(6,547)(1,457)
Other undisclosed net income attributable to parent1,074 
Net loss attributable to parent:(5,473)(1,457)
Other undisclosed net loss available to common stockholders, basic(2,694) 
Net loss available to common stockholders, diluted:(8,167)(1,457)

Comprehensive Income ($ in thousands)

12/31/2013
12/31/2012
Net loss:(6,547)(1,457)
Comprehensive loss, net of tax, attributable to parent:(6,547)(1,457)

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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