iCoreConnect Inc. (ICCT) financial statements (2022 and earlier)

Company profile

Business Address 13506 SUMMERPORT PKWY, #160
WINDEREMERE, FL 34786
State of Incorp. NV
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)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
6/30/2014
6/30/2013
6/30/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 84451191513
Cash and cash equivalents 84451191513
Receivables 126101224198
Prepaid expense  8926
Other undisclosed current assets 20    
Total current assets: 154554234235521
Noncurrent Assets
Operating lease, right-of-use asset 15053
Property, plant and equipment 261113 
Intangible assets, net (including goodwill), including: 1,245393416
Goodwill 491    
Intangible assets, net (excluding goodwill) 754891539  
Other undisclosed intangible assets, net (including goodwill)  (498)(123)
Deferred costs    1,354 
Other undisclosed noncurrent assets 1,1381,5161,074121 
Total noncurrent assets: 2,5361,9681,5011,488 
TOTAL ASSETS: 2,6912,5221,7351,724521
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 1,6641,001 4421,853
Accounts payable     1,149
Employee-related liabilities    200704
Other undisclosed accounts payable and accrued liabilities 1,6641,001 242 
Debt 1,5189351,361793 
Deferred lease income 3108115
Derivative instruments and hedges, liabilities     5,999
Due to related parties    692639
Other undisclosed current liabilities  (108)1,0472,856 
Total current liabilities: 3,1851,9362,5234,7848,491
Noncurrent Liabilities
Long-term debt and lease obligation 6113554,604 
Long-term debt, excluding current maturities  13554,604 
Operating lease, liability 61 
Liabilities, other than long-term debt    1,453 
Derivative instruments and hedges, liabilities    1,453 
Other undisclosed noncurrent liabilities 73108115505 
Total noncurrent liabilities: 1341211706,561 
Other undisclosed liabilities     4,820
Total liabilities: 3,3202,0572,69311,34513,311
Stockholders' equity
Stockholders' equity attributable to parent (629)465(958)(9,621)(12,790)
Common stock 9067511,151997
Additional paid in capital 77,11274,73870,33543,49141,445
Accumulated deficit (77,831)(74,340)(71,344)(54,264)(55,232)
Total stockholders' equity: (629)465(958)(9,621)(12,790)
TOTAL LIABILITIES AND EQUITY: 2,6912,5221,7351,724521

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
6/30/2014
6/30/2013
6/30/2012
Revenues 2,1241,0141,089366106
Financial services revenue(1,424) 
Cost of revenue (1,009)(305)(449)(212)(18)
Cost of goods and services sold (1,009)(305)(449)  
Gross profit: 1,11570964015588
Operating expenses (4,353)(4,089)(3,858)(3,472)(9,115)
Other operating expense, net (253)(64)   
Other expenses  (64)   
Other undisclosed operating income 6,982    
Operating income (loss): 3,491(3,444)(3,218)(3,317)(9,027)
Nonoperating income  397 5,2701,782
Investment income, nonoperating     3,158
Interest and debt expense (239)236(232)200(477)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   232(5,470)(1,305)
Income (loss) from continuing operations before equity method investments, income taxes: 3,252(2,811)(3,218)(3,317)(9,027)
Other undisclosed loss from continuing operations before income taxes  (569)   
Income (loss) before gain (loss) on sale of properties: 3,252(3,380)(3,218)(3,317)(9,027)
Other undisclosed net income (loss) (6,744)397   
Net loss: (3,491)(2,983)(3,218)(3,317)(9,027)
Other undisclosed net income (loss) attributable to parent   (1,972)5,2701,782
Net income (loss) available to common stockholders, diluted: (3,491)(2,983)(5,190)1,953(7,245)

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
6/30/2014
6/30/2013
6/30/2012
Net loss: (3,491)(2,983)(3,218)(3,317)(9,027)
Comprehensive loss, net of tax, attributable to parent: (3,491)(2,983)(3,218)(3,317)(9,027)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: