2024 Q1 Form 10-K Financial Statement

#000121390024021585 Filed on March 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $0.00
YoY Change -100.0%
Cost Of Revenue $818.5K $0.00
YoY Change -100.0%
Gross Profit -$818.5K $0.00
YoY Change -100.0%
Gross Profit Margin
Selling, General & Admin $15.05M $13.38M $35.80M
YoY Change 97.75% 139.98% 78.96%
% of Gross Profit
Research & Development $837.4K $2.289M $13.16M
YoY Change -75.42% -19.5% 23.18%
% of Gross Profit
Depreciation & Amortization $21.83K $18.67K $70.76K
YoY Change 29.43% -17.1% -16.38%
% of Gross Profit
Operating Expenses $15.89M $15.67M $48.96M
YoY Change 44.19% 86.12% 59.55%
Operating Profit -$16.70M -$15.67M -$48.96M
YoY Change 51.62% 86.77% 59.87%
Interest Expense $9.835K $914.7K $34.30K
YoY Change 12.07% 407.41% 29.35%
% of Operating Profit
Other Income/Expense, Net $843.3K $2.619M
YoY Change 87.43% 677.84%
Pretax Income -$15.86M -$14.75M -$45.95M
YoY Change 50.1% 79.73% 51.7%
Income Tax -$1.395M $0.00
% Of Pretax Income
Net Earnings -$14.47M -$14.75M -$46.30M
YoY Change 36.9% 79.73% 55.88%
Net Earnings / Revenue
Basic Earnings Per Share -$0.25 -$0.91
Diluted Earnings Per Share -$0.25 -$0.26 -$0.91
COMMON SHARES
Basic Shares Outstanding 54.98M shares 54.81M shares 50.90M shares
Diluted Shares Outstanding 57.50M shares 50.90M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $58.55M $76.03M $76.03M
YoY Change 5.31% 29.32% 29.32%
Cash & Equivalents $35.18M $43.64M $43.64M
Short-Term Investments $23.37M $32.39M $32.39M
Other Short-Term Assets $2.538M $1.313M $1.313M
YoY Change 114.96% 73.07% 73.07%
Inventory $2.320M $2.106M $2.106M
Prepaid Expenses $295.8K $353.6K
Receivables
Other Receivables
Total Short-Term Assets $63.41M $79.45M $79.45M
YoY Change 11.67% 33.42% 33.42%
LONG-TERM ASSETS
Property, Plant & Equipment $1.906M $1.866M $2.507M
YoY Change 18.54% 15.94% 5.1%
Goodwill
YoY Change
Intangibles $0.00
YoY Change
Long-Term Investments
YoY Change
Other Assets $103.8K $103.1K $103.1K
YoY Change 1.46% 0.72% 0.72%
Total Long-Term Assets $4.614M $2.610M $2.610M
YoY Change 88.15% 4.92% 4.92%
TOTAL ASSETS
Total Short-Term Assets $63.41M $79.45M $79.45M
Total Long-Term Assets $4.614M $2.610M $2.610M
Total Assets $68.02M $82.06M $82.06M
YoY Change 14.84% 32.27% 32.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.826M $4.280M $4.280M
YoY Change 95.38% 94.34% 94.34%
Accrued Expenses $6.553M $6.970M $7.121M
YoY Change 112.13% 75.4% 73.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $9.534M $11.40M $11.40M
YoY Change 103.97% 80.65% 80.65%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $476.6K $517.0K $517.0K
YoY Change -24.52% -22.56% -22.56%
Total Long-Term Liabilities $476.6K $517.0K $517.0K
YoY Change -24.52% -22.56% -22.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.534M $11.40M $11.40M
Total Long-Term Liabilities $476.6K $517.0K $517.0K
Total Liabilities $10.01M $11.92M $11.92M
YoY Change 88.68% 70.77% 70.77%
SHAREHOLDERS EQUITY
Retained Earnings -$336.2M -$321.7M
YoY Change 17.57% 16.83%
Common Stock $54.96K $54.94K
YoY Change 23.5% 28.31%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $58.01M $70.14M $70.14M
YoY Change
Total Liabilities & Shareholders Equity $68.02M $82.06M $82.06M
YoY Change 14.84% 32.27% 32.27%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$14.47M -$14.75M -$46.30M
YoY Change 36.9% 79.73% 55.88%
Depreciation, Depletion And Amortization $21.83K $18.67K $70.76K
YoY Change 29.43% -17.1% -16.38%
Cash From Operating Activities -$17.31M -$10.75M -$38.41M
YoY Change 66.54% 74.59% 57.7%
INVESTING ACTIVITIES
Capital Expenditures $61.31K $295.9K $327.3K
YoY Change 315.18% 129.85% 49.21%
Acquisitions
YoY Change
Other Investing Activities $9.006M $893.7K -$16.73M
YoY Change -161.38% 604.27% 379.5%
Cash From Investing Activities $8.945M $597.8K -$17.06M
YoY Change -160.9% -32239.25% 359.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.95M
YoY Change -27.13%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$97.12K 467.6K $55.92M
YoY Change -101.35% -92.26% 212.42%
NET CHANGE
Cash From Operating Activities -$17.31M -10.75M -$38.41M
Cash From Investing Activities $8.945M 597.8K -$17.06M
Cash From Financing Activities -$97.12K 467.6K $55.92M
Net Change In Cash -$8.463M -9.680M $448.4K
YoY Change -52.66% 8611.53% -104.41%
FREE CASH FLOW
Cash From Operating Activities -$17.31M -$10.75M -$38.41M
Capital Expenditures $61.31K $295.9K $327.3K
Free Cash Flow -$17.37M -$11.04M -$38.74M
YoY Change 66.9% 75.72% 57.62%

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Name View Source Status
0001213900-24-021585-index-headers.html Edgar Link pending
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0001213900-24-021585.txt Edgar Link pending
0001213900-24-021585-xbrl.zip Edgar Link pending
crmd-20231231.xsd Edgar Link pending
ea0201177-10k_cormedix.htm Edgar Link pending
ea020117701ex10-17_cormedix.htm Edgar Link pending
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ea020117701ex31-1_cormedix.htm Edgar Link pending
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ea020117701ex32-2_cormedix.htm Edgar Link pending
ea020117701ex97-1_cormedix.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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crmd-20231231_def.xml Edgar Link unprocessable
crmd-20231231_lab.xml Edgar Link unprocessable
crmd-20231231_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
ea0201177-10k_cormedix_htm.xml Edgar Link completed
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report.css Edgar Link pending
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crmd-20231231_cal.xml Edgar Link unprocessable