Quotemedia Inc (QMCI) Financial Statements (2023 and Earlier)

Company Profile

Business Address 17100 E SHEA BLVD
FOUNTAIN HILLS, AZ 85268
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments259418815810451272252
Cash and cash equivalents259418815810451272252
Receivables624698681538345434419
Prepaid expense220108103132907582
Other current assets391144817114910347
Total current assets:1,1421,3391,6471,6521,035884801
Noncurrent Assets
Operating lease, right-of-use asset830671329
Property, plant and equipment3,4182,7562,2731,7031,4211,3731,404
Intangible assets, net (including goodwill)175172161167175181187
Goodwill110110110110110110110
Intangible assets, net (excluding goodwill)65625157657177
Deposits noncurrent assets16161615171619
Total noncurrent assets:4,4393,6152,7791,8851,6121,5691,609
TOTAL ASSETS:5,5814,9534,4263,5372,6472,4532,410
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2,4342,0271,2861,4951,5661,5001,310
Other undisclosed accounts payable and accrued liabilities2,4342,0271,2861,4951,5661,5001,310
Deferred revenue622545579
Debt21220630   
Due to related parties   30 44 
Deferred revenue and credits707549607
Other undisclosed current liabilities181165 678   
Total current liabilities:3,2402,7482,0722,2332,2732,0931,917
Noncurrent Liabilities
Long-term debt and lease obligation53350718146   
Finance lease, liability 214
Capital lease obligations46   
Operating lease, liability533505167
Liabilities, other than long-term debt   46 10,9039,437
Due to related parties   46 10,9039,437
Total noncurrent liabilities:1,0661,01218193 10,9039,437
Total liabilities:4,3053,7602,2532,3262,27312,99711,354
Stockholders' equity
Stockholders' equity attributable to parent(1,175)(1,419)(811)(1,781)(2,708)(10,544)(8,944)
Common stock90909090909090
Additional paid in capital19,63819,60619,56819,15718,7289,3839,301
Accumulated deficit(20,903)(21,116)(20,469)(21,028)(21,526)(20,017)(18,336)
Total stockholders' equity:(1,175)(1,419)(811)(1,781)(2,708)(10,544)(8,944)
Other undisclosed liabilities and equity2,4512,6122,9842,9913,082  
TOTAL LIABILITIES AND EQUITY:5,5814,9534,4263,5372,6472,4532,410

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues15,17412,40211,79411,1289,4928,8708,659
Revenue, net9,4928,8708,659
Cost of revenue(8,439)(6,702)(5,782)(5,529)(5,213)(5,073)(5,067)
Cost of goods and services sold     (5,073)(5,067)
Gross profit:6,7365,7006,0125,5994,2793,7973,591
Operating expenses(6,758)(6,344)(5,412)(5,099)(4,628)(4,410)(4,599)
Operating income (loss):(22)(644)600500(349)(613)(1,007)
Nonoperating income (expense) (0)(38)1(1,157)(1,065)(646)
Foreign currency transaction gain (loss), before tax (4)(31)9(93)(51)235
Interest and debt expense(3)(3)(6)(7)(1,064)(1,014)(881)
Income (loss) from continuing operations before equity method investments, income taxes:(25)(647)556494(2,570)(2,693)(2,535)
Other undisclosed income from continuing operations before income taxes 3671,0641,014881
Income (loss) from continuing operations before income taxes:(25)(644)562501(1,506)(1,678)(1,654)
Income tax expense (benefit)3  (3)(3)(3)(3)
Net income (loss):(22)(644)562498(1,509)(1,681)(1,657)
Other undisclosed net income (loss) attributable to parent234(2)(3)    
Net income (loss) attributable to parent:212(646)559498(1,509)(1,681)(1,657)
Preferred stock dividends and other adjustments  5545   
Net income (loss) available to common stockholders, diluted:212(646)614543(1,509)(1,681)(1,657)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(22)(644)562498(1,509)(1,681)(1,657)
Comprehensive income (loss), net of tax, attributable to parent:(22)(644)562498(1,509)(1,681)(1,657)

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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