Sebring Software Inc (SMXI) financial statements (2021 and earlier)

Company profile

Business Address 1400 CATTLEMEN ROAD
SARASOTA, FL 34232
State of Incorp. NV
Fiscal Year End December 31
SIC 8011 - Offices and Clinics of Doctors of Medicine (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,82684
Cash and cash equivalents 1,82684
Receivables477230 
Prepaid expense61157
Prepaid expense and other current assets10
Total current assets:5382,21294
Noncurrent Assets
Property, plant and equipment3,2503,70430
Intangible assets, net (including goodwill) 4,821
Goodwill 4,821 
Deposits noncurrent assets89211
Other noncurrent assets16,43124,854
Other undisclosed noncurrent assets(16,520)(29,695) 
Total noncurrent assets:3,2503,70431
Other undisclosed assets16,43124,854 
TOTAL ASSETS:20,21930,769125
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,4083,764256
Accounts payable1,515869 
Accrued liabilities1,1132,346 
Employee-related liabilities323550650
Interest and dividends payable3,457  
Other undisclosed accounts payable and accrued liabilities  (394)
Debt1924,1003,252
Due to related parties49  
Deferred revenue and credits3,5322,737 
Deferred tax liabilities 2,147 
Other liabilities 7,200 
Other undisclosed current liabilities10,501(1,558)2,955
Total current liabilities:20,68218,3906,463
Noncurrent Liabilities
Long-term debt and lease obligation9,04911,8685
Long-term debt, excluding current maturities9,02011,7615
Capital lease obligations29107 
Liabilities, other than long-term debt2,701  
Due to related parties2,176  
Other liabilities525  
Other undisclosed noncurrent liabilities2,0857,568 
Total noncurrent liabilities:13,83519,4355
Total liabilities:34,51737,8256,468
Commitments and contingencies(247)  
Temporary equity, carrying amount247  
Stockholders' equity
Stockholders' equity attributable to parent, including:(16,371)(8,950)(6,589)
Common stock775
Additional paid in capital9,0538,4352,161
Accumulated deficit(25,431)  
Other undisclosed stockholders' equity attributable to parent (17,392)(8,755)
Stockholders' equity attributable to noncontrolling interest2,0731,895 
Other undisclosed stockholders' equity  247
Total stockholders' equity:(14,298)(7,056)(6,343)
TOTAL LIABILITIES AND EQUITY:20,21930,769125

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

12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
20,0039,207 
Cost of revenue(5,630)(2,620) 
Cost of goods and services sold(5,605)(2,620) 
Gross profit:14,3736,587 
Operating expenses(27,818)(13,101)(952)
Other undisclosed operating income5,6302,620 
Operating loss:(7,815)(3,894)(952)
Nonoperating expense(67)(4,135)(966)
Investment income, nonoperating3,319 (33)
Foreign currency transaction gain (loss), before tax21(7)(3)
Other nonoperating expense  (173)
Interest and debt expense(3,535)(2,299)(790)
Loss before gain (loss) on sale of properties:(11,417)(10,328)(2,708)
Other undisclosed net income3,5352,299790
Net loss:(7,882)(8,029)(1,918)
Net loss attributable to noncontrolling interest(157)(609) 
Net loss available to common stockholders, diluted:(8,039)(8,638)(1,918)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net loss:(7,882)(8,029)(1,918)
Comprehensive loss:(7,882)(8,029)(1,918)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(157)609 
Comprehensive loss, net of tax, attributable to parent:(8,039)(7,420)(1,918)

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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