$CRTG
CORETEC GROUP INC.

2017 Q2 Form 10-Q Financial Statement

#000114420417027338 Filed on May 15, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2017 Q1 2016 Q1
Revenue $0.00 $0.00
YoY Change -100.0%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $320.0K $280.0K $230.0K
YoY Change -300.0% 21.74% -11.54%
% of Gross Profit
Research & Development $155.4K $105.4K $12.75K
YoY Change 123.81% 726.56% -70.29%
% of Gross Profit
Depreciation & Amortization $30.00K $279.00 $279.00
YoY Change 0.0%
% of Gross Profit
Operating Expenses $155.4K $386.7K $44.46K
YoY Change 123.81% 769.69% 3.62%
Operating Profit -$386.7K -$44.46K
YoY Change 769.69%
Interest Expense $81.50K $42.17K $4.571K
YoY Change 1109.87% 822.47% -47.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$550.0K -$430.0K -$230.0K
YoY Change -885.71% 86.96% -25.81%
Income Tax
% Of Pretax Income
Net Earnings -$552.4K -$428.9K -$49.04K
YoY Change 407.5% 774.61% -83.94%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$111.3K -$87.22K -$49.78K
COMMON SHARES
Basic Shares Outstanding 1.482B shares 1.384B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q2 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.00K $110.0K $0.00
YoY Change 0.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $30.00K $40.00K $10.00K
YoY Change 200.0% 300.0% 0.0%
Inventory
Prepaid Expenses $29.45K
Receivables
Other Receivables
Total Short-Term Assets $30.00K $150.9K $10.00K
YoY Change 50.0% 1408.68% -43.64%
LONG-TERM ASSETS
Property, Plant & Equipment $0.00 $5.852K
YoY Change
Goodwill $166.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $0.00
YoY Change -100.0%
Total Long-Term Assets $1.510M $1.529M $10.00K
YoY Change 35471.26% 15191.32% -31.53%
TOTAL ASSETS
Total Short-Term Assets $30.00K $150.9K $10.00K
Total Long-Term Assets $1.510M $1.529M $10.00K
Total Assets $1.540M $1.680M $20.00K
YoY Change 6251.83% 8300.0% -38.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $30.00K $440.0K $310.0K
YoY Change -91.87% 41.94% -25.73%
Accrued Expenses $180.0K $130.0K $80.00K
YoY Change 63.64% 62.5% -66.67%
Deferred Revenue
YoY Change
Short-Term Debt $90.00K $100.0K $0.00
YoY Change
Long-Term Debt Due $1.190M $60.00K
YoY Change -1955.75% -85.0%
Total Short-Term Liabilities $2.080M $668.4K $460.0K
YoY Change 268.95% 45.3% -57.18%
LONG-TERM LIABILITIES
Long-Term Debt $30.00K $1.190M $0.00
YoY Change -60.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $30.00K $1.190M $0.00
YoY Change -60.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.080M $668.4K $460.0K
Total Long-Term Liabilities $30.00K $1.190M $0.00
Total Liabilities $2.110M $1.860M $460.0K
YoY Change 230.33% 304.31% -57.18%
SHAREHOLDERS EQUITY
Retained Earnings -$1.309M -$22.38M
YoY Change -94.15%
Common Stock $1.133M $21.94M
YoY Change -94.84%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$580.0K -$174.9K -$439.1K
YoY Change
Total Liabilities & Shareholders Equity $1.540M $1.685M $16.26K
YoY Change 6251.83% 10264.28% -45.81%

Cashflow Statement

Concept 2017 Q2 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income -$552.4K -$428.9K -$49.04K
YoY Change 407.5% 774.61% -83.94%
Depreciation, Depletion And Amortization $30.00K $279.00 $279.00
YoY Change 0.0%
Cash From Operating Activities -$200.0K -$263.1K -$8.175K
YoY Change 66.67% 3118.64% -95.0%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities $0.00
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 90.00K 374.5K $0.00
YoY Change -30.77% -100.0%
NET CHANGE
Cash From Operating Activities -200.0K -263.1K -$8.175K
Cash From Investing Activities 0.000
Cash From Financing Activities 90.00K 374.5K $0.00
Net Change In Cash -110.0K 111.4K -$8.175K
YoY Change -1200.0% -1462.45% -74.24%
FREE CASH FLOW
Cash From Operating Activities -$200.0K -$263.1K -$8.175K
Capital Expenditures $0.00
Free Cash Flow -$200.0K
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2017Q1 us-gaap Notes Payable Related Parties Noncurrent
NotesPayableRelatedPartiesNoncurrent
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CY2016Q4 us-gaap Notes Payable Related Parties Noncurrent
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CY2017Q1 us-gaap Property Plant And Equipment Net
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CY2017Q1 us-gaap Finite Lived Intangible Assets Net
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CY2016Q4 us-gaap Finite Lived Intangible Assets Net
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CY2017Q1 us-gaap Goodwill
Goodwill
166000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
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CY2017Q1 us-gaap Other Intangible Assets Net
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CY2016Q4 us-gaap Other Intangible Assets Net
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CY2017Q1 tdcp Assets Excluding Property And Equipment Noncurrent
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CY2016Q4 tdcp Assets Excluding Property And Equipment Noncurrent
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CY2017Q1 us-gaap Convertible Debt Current
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CY2016Q4 us-gaap Convertible Debt Current
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CY2017Q1 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2016Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current
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CY2017Q1 us-gaap Accounts Payable Related Parties Current
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CY2016Q4 us-gaap Accounts Payable Related Parties Current
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CY2016Q1 us-gaap Research And Development Expense
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CY2016Q1 us-gaap Interest Expense
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CY2017Q1 us-gaap Earnings Per Share Basic And Diluted
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CY2017Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2017Q1 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-15404 USD
CY2016Q1 us-gaap Increase Decrease In Prepaid Expense
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CY2017Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2016Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-8175 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2017Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
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CY2016Q1 us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
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CY2015Q4 us-gaap Cash
Cash
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CY2016Q1 us-gaap Cash
Cash
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CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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CY2016Q4 us-gaap Assets Current
AssetsCurrent
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CY2017Q1 us-gaap Assets Current
AssetsCurrent
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CY2017Q1 us-gaap Prepaid Expense Current
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CY2016Q4 us-gaap Cash
Cash
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CY2017Q1 us-gaap Cash
Cash
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CY2017Q1 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2016Q4 us-gaap Liabilities Current
LiabilitiesCurrent
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CY2017Q1 us-gaap Liabilities
Liabilities
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CY2016Q4 us-gaap Liabilities
Liabilities
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CY2017Q1 us-gaap Common Stock Value
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CY2017Q1 us-gaap Additional Paid In Capital Common Stock
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CY2016Q4 us-gaap Additional Paid In Capital Common Stock
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CY2017Q1 us-gaap Retained Earnings Accumulated Deficit
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CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q1 us-gaap Stockholders Equity
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CY2016Q4 us-gaap Stockholders Equity
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CY2017Q1 us-gaap Liabilities And Stockholders Equity
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CY2017Q1 us-gaap Research And Development Expense
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CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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CY2017Q1 us-gaap Interest Expense
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CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
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CY2017Q1 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
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CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
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CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2017Q1 us-gaap Depreciation
Depreciation
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CY2016Q1 us-gaap Depreciation
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CY2017Q1 us-gaap Proceeds From Related Party Debt
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CY2016Q1 us-gaap Proceeds From Related Party Debt
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CY2016Q1 us-gaap Interest Paid
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CY2017Q1 us-gaap Payments To Acquire Life Insurance Policies
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CY2016Q1 us-gaap Payments To Acquire Life Insurance Policies
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CY2016Q4 tdcp Product Scaleup And Manufacturing Optimization Cost
ProductScaleupAndManufacturingOptimizationCost
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CY2016Q4 tdcp Product Scaleup And Manufacturing Optimization Cost First Installment
ProductScaleupAndManufacturingOptimizationCostFirstInstallment
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CY2016Q4 tdcp Product Scaleup And Manufacturing Optimization Cost Second Installment
ProductScaleupAndManufacturingOptimizationCostSecondInstallment
162000 USD
CY2016Q1 us-gaap Business Acquisitions Pro Forma Revenue
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CY2016Q1 us-gaap Business Acquisitions Pro Forma Net Income Loss
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CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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CY2017Q1 dei Document Type
DocumentType
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CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
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CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
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CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
3DICON CORP
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001375195
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2017Q1 dei Entity Filer Category
EntityFilerCategory
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CY2017Q1 dei Trading Symbol
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CY2017Q2 dei Entity Common Stock Shares Outstanding
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CY2017Q1 us-gaap Common Stock Par Or Stated Value Per Share
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CY2017Q1 us-gaap Amortization Of Intangible Assets
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CY2016Q1 us-gaap Amortization Of Intangible Assets
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CY2017Q1 us-gaap Amortization Of Debt Discount Premium
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CY2016Q1 us-gaap Amortization Of Debt Discount Premium
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CY2017Q1 tdcp Working Capital Deficit
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CY2017Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
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CY2017Q1 us-gaap Lease And Rental Expense
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CY2016Q1 us-gaap Lease And Rental Expense
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CY2017Q1 us-gaap Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature
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250000 USD

Files In Submission

Name View Source Status
0001144204-17-027338-index-headers.html Edgar Link pending
0001144204-17-027338-index.html Edgar Link pending
0001144204-17-027338.txt Edgar Link pending
0001144204-17-027338-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
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R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
tdcp-20170331.xml Edgar Link completed
tdcp-20170331.xsd Edgar Link pending
tdcp-20170331_cal.xml Edgar Link unprocessable
tdcp-20170331_def.xml Edgar Link unprocessable
tdcp-20170331_lab.xml Edgar Link unprocessable
tdcp-20170331_pre.xml Edgar Link unprocessable
v466736_10q.htm Edgar Link pending
v466736_ex31-1.htm Edgar Link pending
v466736_ex31-2.htm Edgar Link pending
v466736_ex32-1.htm Edgar Link pending
v466736_ex32-2.htm Edgar Link pending