$CRTG
CORETEC GROUP INC.

2022 Q4 Form 10-Q Financial Statement

#000143774922025128 Filed on October 31, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $960.5K $301.0K $2.481M
YoY Change 249.65% -87.87% 684.09%
% of Gross Profit
Research & Development $135.3K $80.17K $192.3K
YoY Change 224.1% -58.3% 416.86%
% of Gross Profit
Depreciation & Amortization $23.03K $22.86K $20.65K
YoY Change 11.47% 10.7% 2.99%
% of Gross Profit
Operating Expenses $1.091M $80.17K $192.3K
YoY Change 245.25% -58.3% 416.86%
Operating Profit
YoY Change
Interest Expense -$54.48K $52.83K $44.08K
YoY Change -0.06% 19.86% -45.27%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.145M -$431.7K -$2.672M
YoY Change 209.16% -83.84% 515.51%
Income Tax
% Of Pretax Income
Net Earnings -$1.145M -$431.7K -$2.672M
YoY Change 209.16% -83.84% 515.5%
Net Earnings / Revenue
Basic Earnings Per Share $0.00 -$0.01
Diluted Earnings Per Share $0.00 -$1.680K -$10.60K
COMMON SHARES
Basic Shares Outstanding 267.6M 256.5M 252.3M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.356M $2.776M $4.357M
YoY Change -41.87% -36.29% 18315.64%
Cash & Equivalents $2.356M $2.776M $4.357M
Short-Term Investments
Other Short-Term Assets $114.2K $129.7K $127.6K
YoY Change -14.45% 1.66% -28.48%
Inventory
Prepaid Expenses $114.2K $129.7K $127.6K
Receivables
Other Receivables
Total Short-Term Assets $2.471M $2.906M $4.485M
YoY Change -40.99% -35.21% 2119.57%
LONG-TERM ASSETS
Property, Plant & Equipment $73.46K $75.84K
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 $7.200K
YoY Change -72.15% -36.81% 471.43%
Total Long-Term Assets $1.151M $1.174M $1.183M
YoY Change -1.79% -0.8% -5.05%
TOTAL ASSETS
Total Short-Term Assets $2.471M $2.906M $4.485M
Total Long-Term Assets $1.151M $1.174M $1.183M
Total Assets $3.622M $4.080M $5.668M
YoY Change -32.42% -28.02% 291.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $317.0K $303.1K $311.2K
YoY Change 3.22% -2.62% -36.7%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $61.40K $91.50K $0.00
YoY Change -100.0%
Long-Term Debt Due $0.00 $407.9K
YoY Change
Total Short-Term Liabilities $378.4K $394.6K $719.2K
YoY Change 23.22% -45.13% 28.15%
LONG-TERM LIABILITIES
Long-Term Debt $1.415M $1.399M $793.1K
YoY Change 19.14% 76.34% 229.13%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.415M $1.399M $793.1K
YoY Change 19.14% 76.34% 229.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $378.4K $394.6K $719.2K
Total Long-Term Liabilities $1.415M $1.399M $793.1K
Total Liabilities $1.793M $1.793M $1.512M
YoY Change 19.98% 18.57% 88.52%
SHAREHOLDERS EQUITY
Retained Earnings -$16.35M -$15.20M -$13.11M
YoY Change 21.24% 15.93% 94.3%
Common Stock $53.77K $51.45K $50.46K
YoY Change 5.83% 1.97% 23.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.828M $2.287M $4.156M
YoY Change
Total Liabilities & Shareholders Equity $3.622M $4.080M $5.668M
YoY Change -32.42% -28.02% 291.34%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$1.145M -$431.7K -$2.672M
YoY Change 209.16% -83.84% 515.5%
Depreciation, Depletion And Amortization $23.03K $22.86K $20.65K
YoY Change 11.47% 10.7% 2.99%
Cash From Operating Activities -$492.1K -$480.9K -$415.6K
YoY Change 61.97% 15.69% 0.26%
INVESTING ACTIVITIES
Capital Expenditures $0.00 -$6.990K $0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$6.990K $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 72.38K 159.8K -43.92K
YoY Change -463.84% -113.29%
NET CHANGE
Cash From Operating Activities -492.1K -480.9K -415.6K
Cash From Investing Activities 0.000 -6.990K 0.000
Cash From Financing Activities 72.38K 159.8K -43.92K
Net Change In Cash -419.7K -328.0K -459.6K
YoY Change 38.15% -28.62% 446.39%
FREE CASH FLOW
Cash From Operating Activities -$492.1K -$480.9K -$415.6K
Capital Expenditures $0.00 -$6.990K $0.00
Free Cash Flow -$492.1K -$473.9K -$415.6K
YoY Change 61.97% 14.01%

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ClassOfWarrantOrRightIntrinsicValue
1333850 usd
CY2020Q2 crtg Share Exchange Agreement Number Of Options Authorized
ShareExchangeAgreementNumberOfOptionsAuthorized
21500000
CY2020Q2 crtg Share Exchange Agreement Exchange Ratio
ShareExchangeAgreementExchangeRatio
0.6 pure
crtg Share Based Compensation Arrangement By Share Based Payment Award Options Exchanged
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExchanged
1500000
crtg Stock Issued During Period Shares Stock Options Exchanged For Common Shares
StockIssuedDuringPeriodSharesStockOptionsExchangedForCommonShares
900000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
950000
us-gaap Operating Lease Expense
OperatingLeaseExpense
29952 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
11340 usd

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0001437749-22-025128-index-headers.html Edgar Link pending
0001437749-22-025128-index.html Edgar Link pending
0001437749-22-025128.txt Edgar Link pending
0001437749-22-025128-xbrl.zip Edgar Link pending
crtg-20220930.xsd Edgar Link pending
crtg20220930_10q.htm Edgar Link pending
ex_438178.htm Edgar Link pending
ex_438179.htm Edgar Link pending
ex_438180.htm Edgar Link pending
ex_438181.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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crtg-20220930_cal.xml Edgar Link unprocessable
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crtg-20220930_lab.xml Edgar Link unprocessable
crtg-20220930_def.xml Edgar Link unprocessable
crtg-20220930_pre.xml Edgar Link unprocessable
crtg20220930_10q_htm.xml Edgar Link completed