$CRTG
CORETEC GROUP INC.

2018 Q2 Form 10-K Financial Statement

#000143774918006075 Filed on April 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q4 2017
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $210.0K $170.0K $936.8K
YoY Change -34.38% -19.05% 144.09%
% of Gross Profit
Research & Development $21.18K $130.0K $456.4K
YoY Change -86.37% -13.33% 51.62%
% of Gross Profit
Depreciation & Amortization $20.00K $20.00K $1.002K
YoY Change -33.33% -33.33% -10.22%
% of Gross Profit
Operating Expenses $21.18K $300.0K $456.4K
YoY Change -86.37% -16.67% 51.62%
Operating Profit
YoY Change
Interest Expense $96.44K -$100.0K $320.1K
YoY Change 18.34% 150.0% 432.76%
% of Operating Profit
Other Income/Expense, Net $140.0K
YoY Change
Pretax Income -$190.0K -$400.0K -$1.713M
YoY Change -65.45% 0.0% 130.01%
Income Tax
% Of Pretax Income
Net Earnings -$189.7K -$400.0K -$1.713M
YoY Change -65.67% 0.0% 130.01%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$2.805K -$7.000K -$67.29K
COMMON SHARES
Basic Shares Outstanding 67.58M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q2 2017 Q4 2017
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.00K $470.0K $470.6K
YoY Change 200.0% 79667.8%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $10.00K $40.00K $35.36K
YoY Change -66.67% 0.0% -21.16%
Inventory
Prepaid Expenses $13.41K $35.36K
Receivables
Other Receivables
Total Short-Term Assets $43.94K $506.0K $506.0K
YoY Change 46.47% 769.01% 1013.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.260K $1.638K $1.640K
YoY Change -73.28% -73.25%
Goodwill $166.0K $166.0K
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $0.00 $0.00 $2.320K
YoY Change 0.0%
Total Long-Term Assets $1.429M $1.470M $1.470M
YoY Change -5.35% -5.45% -6.22%
TOTAL ASSETS
Total Short-Term Assets $43.94K $506.0K $506.0K
Total Long-Term Assets $1.429M $1.470M $1.470M
Total Assets $1.473M $1.976M $1.976M
YoY Change -4.34% 22.51% 22.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $510.0K $760.0K $755.5K
YoY Change 1600.0% 117.14% 115.15%
Accrued Expenses $380.0K $280.0K $281.8K
YoY Change 111.11% 211.11% 216.91%
Deferred Revenue
YoY Change
Short-Term Debt $60.00K $110.0K $110.8K
YoY Change -33.33% 0.0% -3.04%
Long-Term Debt Due $1.480M $1.260M $1.262M
YoY Change 24.37%
Total Short-Term Liabilities $2.439M $2.411M $2.411M
YoY Change 17.27% 334.85% 334.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $120.0K $124.4K
YoY Change -100.0% -88.57% -88.2%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $120.0K $124.4K
YoY Change -100.0% -88.57% -88.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.439M $2.411M $2.411M
Total Long-Term Liabilities $0.00 $120.0K $124.4K
Total Liabilities $2.439M $2.535M $2.535M
YoY Change 15.6% 57.58% 57.58%
SHAREHOLDERS EQUITY
Retained Earnings -$3.122M -$2.593M
YoY Change 194.66%
Common Stock $13.60K $2.034M
YoY Change 130.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$966.1K -$559.3K -$559.3K
YoY Change
Total Liabilities & Shareholders Equity $1.473M $1.976M $1.976M
YoY Change -4.34% 22.51% 22.51%

Cashflow Statement

Concept 2018 Q2 2017 Q4 2017
OPERATING ACTIVITIES
Net Income -$189.7K -$400.0K -$1.713M
YoY Change -65.67% 0.0% 130.01%
Depreciation, Depletion And Amortization $20.00K $20.00K $1.002K
YoY Change -33.33% -33.33% -10.22%
Cash From Operating Activities -$120.0K -$290.0K -$834.8K
YoY Change -40.0% -6.45% 45.75%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 $2.268K
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $2.500K
YoY Change -96.9%
Cash From Investing Activities $0.00 $0.00 $232.00
YoY Change -99.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K 740.0K 1.305M
YoY Change -88.89% 221.74% 158.91%
NET CHANGE
Cash From Operating Activities -120.0K -290.0K -834.8K
Cash From Investing Activities 0.000 0.000 232.0
Cash From Financing Activities 10.00K 740.0K 1.305M
Net Change In Cash -110.0K 450.0K 470.0K
YoY Change 0.0% -662.5% -5820.29%
FREE CASH FLOW
Cash From Operating Activities -$120.0K -$290.0K -$834.8K
Capital Expenditures $0.00 $0.00 $2.268K
Free Cash Flow -$120.0K -$290.0K -$837.1K
YoY Change -40.0% -6.45% 46.14%

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3.0018
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0155
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
2950262
CY2017Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
2950262
CY2017Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y
CY2017 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Exercisable Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeExercisableOptionsWeightedAverageRemainingContractualTerm2
P1Y182D
CY2017 us-gaap Stock Issued1
StockIssued1
CY2016 us-gaap Stock Issued1
StockIssued1
884068
CY2016 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
884068
CY2017 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
750000
CY2017Q4 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
714719
CY2017Q4 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
714719
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-559269
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3964
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
-135253
CY2016Q2 us-gaap Technology Services Revenue
TechnologyServicesRevenue
3000000
CY2017 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">Use of Estimates</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Actual results could differ from the estimates and assumptions used.</div></div></div>
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25461630
CY2016 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1241543

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