Inspro Technologies Corp (ITCC) Financial Statements (2023 and Earlier)

Company Profile

Business Address 1510 CHESTER PIKE
EDDYSTONE, PA 19022
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2605,1015,0183,1623,3983,4312,570
Cash and cash equivalents4,2605,1015,0183,1623,3983,4312,570
Receivables1,4843,1601,5432,3343,9592,2451,661
Prepaid expense469306361225180321201
Disposal group, including discontinued operation  49152032
Other current assets   31533
Total current assets:6,2128,5666,9265,7607,5586,0204,465
Noncurrent Assets
Operating lease, right-of-use asset703
Property, plant and equipment1,5145952705137481,104960
Prepaid expense136      
Other noncurrent assets    405060
Total noncurrent assets:2,3535952705137881,1541,020
TOTAL ASSETS:8,5659,1617,1966,2738,3467,1745,485
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4622,2602,7795,8975,9075,2071,626
Accounts payable1,1351,2141,4855,4605,4104,8341,169
Accrued liabilities3289061,127437497373457
Taxes payable 141168    
Deferred revenue3,099
Debt518155190227255732609
Due to related parties      10
Deferred revenue and credits2,7652,2852,6802,2521,007
Contract with customer, liability2,851
Other undisclosed current liabilities854 2    
Total current liabilities:5,9335,2665,7368,4098,8438,1913,252
Noncurrent Liabilities
Long-term debt and lease obligation5661517515315023123
Finance lease, liability189
Capital lease obligations1517515315023123
Operating lease, liability377
Liabilities, other than long-term debt 8751,0001,5002,000  
Deferred revenue and credits1,0001,5002,000  
Contract with customer, liability875
Other undisclosed noncurrent liabilities386    6607
Total noncurrent liabilities:9511,0261,0751,6532,150237630
Total liabilities:6,8856,2926,81110,06210,9938,4283,882
Stockholders' equity
Stockholders' equity attributable to parent, including:1,6812,869384(3,789)(2,647)(1,254)1,603
Common stock42424242424242
Additional paid in capital65,37865,37165,36548,26946,74345,73943,411
Accumulated deficit(63,747)(62,552)(65,030)(66,653)(63,985)(57,608)(52,424)
Other undisclosed stockholders' equity attributable to parent88814,55314,55310,57410,574
Other undisclosed stockholders' equity0      
Total stockholders' equity:1,6812,869384(3,789)(2,647)(1,254)1,603
TOTAL LIABILITIES AND EQUITY:8,5659,1617,1966,2738,3467,1745,485

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues14,89221,63421,69521,83121,37818,67014,802
Revenue, net21,69521,83121,37818,67014,802
Cost of revenue(11,275)(14,067)(13,843)(19,070)(21,703)(16,835)(11,627)
Cost of goods and services sold      (11,627)
Gross profit:3,6177,5677,8522,761(325)1,8353,175
Operating expenses(4,682)(4,927)(6,066)(5,474)(6,100)(7,434)(5,457)
Other undisclosed operating income     166161
Operating income (loss):(1,065)2,6401,786(2,713)(6,425)(5,433)(2,121)
Nonoperating income (expense)(129)(31)(18)(25)(107)9(14)
Interest and debt expense(129)(31)(24)(25)(125)(43)(39)
Income (loss) from continuing operations before equity method investments, income taxes:(1,324)2,5791,744(2,763)(6,657)(5,467)(2,175)
Other undisclosed income from continuing operations before income taxes12931     
Income (loss) from continuing operations before income taxes:(1,195)2,6091,744(2,763)(6,657)(5,467)(2,175)
Income tax expense (benefit)7(131)(168)    
Income (loss) from continuing operations:(1,188)2,4781,577(2,763)(6,657)(5,467)(2,175)
Income from discontinued operations  22 156240 
Income (loss) before gain (loss) on sale of properties:(1,188)2,4781,599(2,763)(6,501)(5,227)(2,175)
Other undisclosed net loss(7)      
Net income (loss):(1,195)2,4781,599(2,763)(6,501)(5,227)(2,175)
Other undisclosed net income attributable to parent  249512543432
Net income (loss) available to common stockholders, diluted:(1,195)2,4781,622(2,668)(6,376)(5,185)(1,743)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(1,195)2,4781,599(2,763)(6,501)(5,227)(2,175)
Comprehensive income (loss), net of tax, attributable to parent:(1,195)2,4781,599(2,763)(6,501)(5,227)(2,175)

Statements Sources

The financial statements are based on the Company's filings with 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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