$CRTG
CORETEC GROUP INC.

2022 Q3 Form 10-Q Financial Statement

#000143774922017846 Filed on July 27, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $301.0K $438.1K $433.3K
YoY Change -87.87% -82.59% 26.53%
% of Gross Profit
Research & Development $80.17K $121.9K $198.5K
YoY Change -58.3% -38.58% 427.9%
% of Gross Profit
Depreciation & Amortization $22.86K $22.78K $99.00
YoY Change 10.7% 13.56%
% of Gross Profit
Operating Expenses $80.17K $121.9K $198.5K
YoY Change -58.3% -38.58% 427.9%
Operating Profit
YoY Change
Interest Expense $52.83K $47.45K $47.99K
YoY Change 19.86% -34.62% -17.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$431.7K -$607.0K -$679.3K
YoY Change -83.84% -78.23% 54.95%
Income Tax
% Of Pretax Income
Net Earnings -$431.7K -$607.0K -$679.3K
YoY Change -83.84% -78.23% 54.95%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 $0.00 $0.00
Diluted Earnings Per Share -$1.680K -$2.376K -$2.665K
COMMON SHARES
Basic Shares Outstanding 256.5M 255.4M 254.9M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.776M $3.104M $3.561M
YoY Change -36.29% -35.56% -31.88%
Cash & Equivalents $2.776M $3.104M $3.561M
Short-Term Investments
Other Short-Term Assets $129.7K $71.47K $105.7K
YoY Change 1.66% -35.15% -31.7%
Inventory
Prepaid Expenses $129.7K $71.47K $105.7K
Receivables
Other Receivables
Total Short-Term Assets $2.906M $3.176M $3.667M
YoY Change -35.21% -35.55% -31.88%
LONG-TERM ASSETS
Property, Plant & Equipment $75.84K $71.06K $5.837K
YoY Change
Goodwill $166.0K $166.0K $166.0K
YoY Change 0.0% 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.550K $4.550K $69.20K
YoY Change -36.81% -85.65% 118.3%
Total Long-Term Assets $1.174M $1.190M $1.210M
YoY Change -0.8% -3.15% -2.16%
TOTAL ASSETS
Total Short-Term Assets $2.906M $3.176M $3.667M
Total Long-Term Assets $1.174M $1.190M $1.210M
Total Assets $4.080M $4.365M $4.877M
YoY Change -28.02% -29.08% -26.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $303.1K $443.2K $401.3K
YoY Change -2.62% 38.54% -40.3%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $91.50K $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $394.6K $443.2K $401.3K
YoY Change -45.13% 38.54% -42.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.399M $1.217M $1.202M
YoY Change 76.34% -0.99% -12.42%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.399M $1.217M $1.202M
YoY Change 76.34% -0.99% -12.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $394.6K $443.2K $401.3K
Total Long-Term Liabilities $1.399M $1.217M $1.202M
Total Liabilities $1.793M $1.660M $1.604M
YoY Change 18.57% 7.18% -22.47%
SHAREHOLDERS EQUITY
Retained Earnings -$15.20M -$14.77M -$14.16M
YoY Change 15.93% 41.46% 85.08%
Common Stock $51.45K $51.30K $51.12K
YoY Change 1.97% 2.03% 5.76%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.287M $2.705M $3.273M
YoY Change
Total Liabilities & Shareholders Equity $4.080M $4.365M $4.877M
YoY Change -28.02% -29.08% -26.32%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$431.7K -$607.0K -$679.3K
YoY Change -83.84% -78.23% 54.95%
Depreciation, Depletion And Amortization $22.86K $22.78K $99.00
YoY Change 10.7% 13.56%
Cash From Operating Activities -$480.9K -$389.5K -$486.4K
YoY Change 15.69% 3.71% 2431.54%
INVESTING ACTIVITIES
Capital Expenditures -$6.990K -$67.34K $5.936K
YoY Change 460.7%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$6.990K -$67.34K -$5.940K
YoY Change 460.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 159.8K 0.000 $0.00
YoY Change -463.84% -100.0% -100.0%
NET CHANGE
Cash From Operating Activities -480.9K -389.5K -$486.4K
Cash From Investing Activities -6.990K -67.34K -5.940K
Cash From Financing Activities 159.8K 0.000 $0.00
Net Change In Cash -328.0K -456.8K -$492.4K
YoY Change -28.62% 11.16% -109.46%
FREE CASH FLOW
Cash From Operating Activities -$480.9K -$389.5K -$486.4K
Capital Expenditures -$6.990K -$67.34K $5.936K
Free Cash Flow -$473.9K -$322.2K -$492.4K
YoY Change 14.01% -11.38% 2462.44%

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us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y8M26D
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
15773 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
8432 usd

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