$CRTG
CORETEC GROUP INC.

2019 Q2 Form 10-K Financial Statement

#000143774919007111 Filed on April 12, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 2017 Q4
Revenue $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $170.4K $751.3K $170.0K
YoY Change -18.88% -19.81% -19.05%
% of Gross Profit
Research & Development $20.06K $85.07K $130.0K
YoY Change -5.31% -81.36% -13.33%
% of Gross Profit
Depreciation & Amortization $20.24K $756.00 $20.00K
YoY Change 1.2% -24.55% -33.33%
% of Gross Profit
Operating Expenses $20.06K $85.07K $300.0K
YoY Change -5.31% -81.36% -16.67%
Operating Profit
YoY Change
Interest Expense $95.43K $394.9K -$100.0K
YoY Change -1.05% 23.38% 150.0%
% of Operating Profit
Other Income/Expense, Net $0.00 $184.8K
YoY Change -100.0%
Pretax Income -$285.9K -$1.046M -$400.0K
YoY Change 50.45% -38.92% 0.0%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$285.9K -$1.046M -$400.0K
YoY Change 50.71% -38.92% 0.0%
Net Earnings / Revenue
Basic Earnings Per Share
Diluted Earnings Per Share -$4.123K -$15.41K -$7.000K
COMMON SHARES
Basic Shares Outstanding 68.67M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q2 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $33.84K $4.000K $470.0K
YoY Change 12.8% -99.15%
Cash & Equivalents $33.84K
Short-Term Investments
Other Short-Term Assets $36.94K $37.24K $40.00K
YoY Change 269.4% 5.32% 0.0%
Inventory
Prepaid Expenses $36.94K $35.36K
Receivables
Other Receivables
Total Short-Term Assets $70.78K $41.24K $506.0K
YoY Change 61.09% -91.85% 769.01%
LONG-TERM ASSETS
Property, Plant & Equipment $504.00 $880.00 $1.638K
YoY Change -60.0% -46.34% -73.28%
Goodwill $166.0K $166.0K
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.320K $2.320K $0.00
YoY Change 0.0%
Total Long-Term Assets $1.348M $1.389M $1.470M
YoY Change -5.67% -5.51% -5.45%
TOTAL ASSETS
Total Short-Term Assets $70.78K $41.24K $506.0K
Total Long-Term Assets $1.348M $1.389M $1.470M
Total Assets $1.419M $1.430M $1.976M
YoY Change -3.68% -27.62% 22.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $719.6K $597.8K $760.0K
YoY Change 41.1% -20.87% 117.14%
Accrued Expenses $633.6K $494.3K $280.0K
YoY Change 66.73% 75.41% 211.11%
Deferred Revenue
YoY Change
Short-Term Debt $68.12K $94.76K $110.0K
YoY Change 13.53% -14.47% 0.0%
Long-Term Debt Due $1.992M $1.702M $1.260M
YoY Change 34.62% 34.84%
Total Short-Term Liabilities $3.414M $2.889M $2.411M
YoY Change 39.95% 19.86% 334.85%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $120.0K
YoY Change -100.0% -88.57%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $120.0K
YoY Change -100.0% -88.57%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.414M $2.889M $2.411M
Total Long-Term Liabilities $0.00 $0.00 $120.0K
Total Liabilities $3.414M $2.889M $2.535M
YoY Change 39.95% 13.98% 57.58%
SHAREHOLDERS EQUITY
Retained Earnings -$4.224M -$2.593M
YoY Change 35.32% 194.66%
Common Stock $13.98K $2.034M
YoY Change 2.85% 130.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$1.995M -$1.459M -$559.3K
YoY Change
Total Liabilities & Shareholders Equity $1.419M $1.430M $1.976M
YoY Change -3.68% -27.62% 22.51%

Cashflow Statement

Concept 2019 Q2 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$285.9K -$1.046M -$400.0K
YoY Change 50.71% -38.92% 0.0%
Depreciation, Depletion And Amortization $20.24K $756.00 $20.00K
YoY Change 1.2% -24.55% -33.33%
Cash From Operating Activities -$112.9K -$635.2K -$290.0K
YoY Change -5.92% -23.92% -6.45%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
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 146.7K 168.5K 740.0K
YoY Change 1366.7% -87.08% 221.74%
NET CHANGE
Cash From Operating Activities -112.9K -635.2K -290.0K
Cash From Investing Activities 0.000
Cash From Financing Activities 146.7K 168.5K 740.0K
Net Change In Cash 33.77K -466.6K 450.0K
YoY Change -130.7% -199.28% -662.5%
FREE CASH FLOW
Cash From Operating Activities -$112.9K -$635.2K -$290.0K
Capital Expenditures $0.00
Free Cash Flow -$635.2K -$290.0K
YoY Change -24.12% -6.45%

Facts In Submission

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StockIssuedDuringPeriodValueNewIssues
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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
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
-1459299
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
-559269
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3964
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018 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="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></div>
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
67909853
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
25461630

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