Virtualscopics Inc (VSCP) financial statements (2021 and earlier)

Company profile

Business Address 500 LINDEN OAKS
ROCHESTER, NY 14625
State of Incorp. DE
Fiscal Year End December 31
SIC 3841 - Surgical and Medical Instruments and Apparatus (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4344,0477,3318,524
Cash and cash equivalents2,4344,0477,3318,524
Receivables2,6061,8141,7251,763
Prepaid expense and other current assets438
Other undisclosed current assets480410398 
Total current assets:5,5206,2719,45310,724
Noncurrent Assets
Property, plant and equipment542331222400
Intangible assets, net (including goodwill)1,0331,2121,3341,470
Intangible assets, net (excluding goodwill)1,0331,2121,3341,470
Other undisclosed noncurrent assets111 5
Total noncurrent assets:1,5771,5531,5561,875
TOTAL ASSETS:7,0977,82411,01012,599
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7106821,6841,338
Employee-related liabilities374682838482
Interest and dividends payable335   
Accounts payable and other accrued liabilities846857
Debt108   
Derivative instruments and hedges, liabilities  016
Deferred revenue and credits1,214670745273
Other undisclosed current liabilities9961,624293125
Total current liabilities:3,0282,9772,7221,752
Noncurrent Liabilities
Long-term debt and lease obligation272   
Long-term debt, excluding current maturities120   
Capital lease obligations152   
Total noncurrent liabilities:272   
Total liabilities:3,3002,9772,7221,752
Stockholders' equity
Stockholders' equity attributable to parent, including:3,7974,8488,28710,847
Common stock33330
Additional paid in capital21,96721,97521,99321,781
Accumulated deficit(18,173)(17,131)(13,708)(10,964)
Other undisclosed stockholders' equity attributable to parent0000
Total stockholders' equity:3,7974,8488,28710,847
TOTAL LIABILITIES AND EQUITY:7,0977,82411,01012,599

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
12,71710,45211,17412,963
Cost of revenue
(Cost of Goods and Services Sold)
(7,918)(7,091)(6,755)(7,712)
Gross profit:4,7993,3624,4195,251
Operating expenses(5,792)(6,785)(7,183)(6,495)
Operating loss:(993)(3,424)(2,764)(1,243)
Nonoperating income (expense)(50)119(286)
Investment income, nonoperating  16(265)
Other nonoperating expense(18)(3)(3)(24)
Interest and debt expense(16)   
Loss from continuing operations before income taxes:(1,058)(3,422)(2,745)(1,529)
Income tax benefit 824 352
Net loss:(1,058)(2,598)(2,745)(1,177)
Other undisclosed net income (loss) attributable to parent16(824) (352)
Net loss attributable to parent:(1,042)(3,422)(2,745)(1,529)
Other undisclosed net loss available to common stockholders, basic(168)(168)(168)(1,944)
Net loss available to common stockholders, diluted:(1,210)(3,590)(2,913)(3,473)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(1,058)(2,598)(2,745)(1,177)
Comprehensive loss, net of tax, attributable to parent:(1,058)(2,598)(2,745)(1,177)

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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