Softech Inc (SOFT) financial statements (2021 and earlier)

Company profile

Business Address 650 SUFFOLK STREET
LOWELL, MA 01851
State of Incorp. MA
Fiscal Year End May 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

5/31/2016
5/31/2015
5/31/2014
5/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1753101,2091
Cash and cash equivalents1753101,2091
Restricted cash and investments   0
Receivables4775876661
Prepaid expense207315 
Prepaid expense and other current assets0
Other undisclosed current assets130243890 
Total current assets:9891,4552,7652
Noncurrent Assets
Property, plant and equipment7157 0
Intangible assets, net (including goodwill)1,0611,0574
Goodwill948948 4
Intangible assets, net (excluding goodwill)113109  
Regulated entity, other noncurrent assets  108 
Other undisclosed noncurrent assets994724 1
Total noncurrent assets:2,1261,8381085
TOTAL ASSETS:3,1153,2932,8738
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5014209861
Accounts payable1781374830
Accrued liabilities3232835031
Debt9244659920
Deferred revenue and credits1,5311,7321,462 
Other liabilities  1040
Other undisclosed current liabilities   2
Total current liabilities:2,9562,6173,5443
Noncurrent Liabilities
Long-term debt and lease obligation   3
Long-term debt, excluding current maturities   3
Capital lease obligations   0
Liabilities, other than long-term debt   0
Deferred revenue and credits   0
Other undisclosed noncurrent liabilities3940  
Total noncurrent liabilities:3940 3
Total liabilities:2,9952,6573,5446
Stockholders' equity
Stockholders' equity attributable to parent(1,140)(554)8582
Common stock7373830
Additional paid in capital27,13827,05627,33827
Accumulated other comprehensive loss(278)(283)(482)(0)
Accumulated deficit(28,073)(27,400)(26,081)(25)
Other undisclosed stockholders' equity1,2601,190 0
Total stockholders' equity:1206368582
TOTAL LIABILITIES AND EQUITY:3,1153,2934,4028

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

5/31/2016
5/31/2015
5/31/2014
5/31/2013
Revenues4,1763,9425,0096
Revenue, net4,1763,942 6
Cost of revenue(1,522)(1,690)(1,567)(1)
Cost of goods and services sold(1,522)(1,690)(4,999)(1)
Gross profit:2,6542,2523,4425
Operating expenses(3,188)(3,415)(5,285)(4)
Other operating income (expense), net(5)114  
Other expenses(5)   
Other undisclosed operating income (loss)(41)111,298 
Operating income (loss):(580)(1,038)(545)1
Nonoperating income5199 0
Foreign currency transaction gain, before tax5199 0
Other nonoperating expense   (0)
Interest and debt expense(96)(165)(251)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(671)(1,004)(796)0
Other undisclosed loss from continuing operations before income taxes (313) (0)
Income (loss) from continuing operations before income taxes:(671)(1,317)(796)0
Income tax expense(2)(2) (0)
Income (loss) before gain (loss) on sale of properties:(673)(1,319)(796)0
Other undisclosed net income  48 
Net income (loss) attributable to parent:(673)(1,319)(748)0
Other undisclosed net income available to common stockholders, basic 1,318  
Net income (loss) available to common stockholders, diluted:(673)(1)(748)0

Comprehensive Income ($ in thousands)

5/31/2016
5/31/2015
5/31/2014
5/31/2013
Net income (loss):(673)(1,319)(748)0
Other comprehensive income 199  
Other undisclosed comprehensive income5   
Comprehensive income (loss):(668)(1,120)(748)0
Comprehensive income, net of tax, attributable to noncontrolling interest 199  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (58)0
Comprehensive income (loss), net of tax, attributable to parent:(668)(921)(806)0

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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