$CRVW
CareView Communications Inc

2021 Form 10-K Financial Statement

#000138713122004492 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 2020 Q4 2020
Revenue $7.802M $1.531M $6.488M
YoY Change 20.25% -7.34% 3.09%
Cost Of Revenue $2.603M $472.9K $2.738M
YoY Change -4.92% -47.09% -9.73%
Gross Profit $5.199M $1.059M $3.750M
YoY Change 38.63% 39.48% 15.0%
Gross Profit Margin 66.63% 69.12% 57.8%
Selling, General & Admin $3.776M $923.2K $3.297M
YoY Change 14.53% -56.3% -24.71%
% of Gross Profit 72.63% 87.22% 87.91%
Research & Development $1.711M $450.0K $1.708M
YoY Change 0.17% 58.13% 21.99%
% of Gross Profit 32.92% 42.51% 45.55%
Depreciation & Amortization $635.0K $67.80K $597.1K
YoY Change 6.35% -62.54% -17.13%
% of Gross Profit 12.21% 6.41% 15.92%
Operating Expenses $6.346M $1.472M $5.628M
YoY Change 12.75% -42.91% -13.4%
Operating Profit -$1.147M -$413.5K -$1.878M
YoY Change -38.93% -77.27% -42.0%
Interest Expense -$8.950M -$2.690M -$10.60M
YoY Change -15.53% 0.46% -2.35%
% of Operating Profit
Other Income/Expense, Net $17.00K -$20.31K $3.950K
YoY Change 330.38% -602.72% -107.67%
Pretax Income -$10.08M -$2.336M -$11.68M
YoY Change -13.72% -47.99% -17.38%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$10.08M -$2.336M -$11.68M
YoY Change -13.72% -47.99% -17.38%
Net Earnings / Revenue -129.2% -152.57% -180.06%
Basic Earnings Per Share -$0.07
Diluted Earnings Per Share -$72.32K -$16.76K -$83.82K
COMMON SHARES
Basic Shares Outstanding 139.4M shares
Diluted Shares Outstanding 139.4M shares

Balance Sheet

Concept 2021 2020 Q4 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $659.2K $358.0K $358.0K
YoY Change 84.17% 32.7% 32.7%
Cash & Equivalents $659.2K $358.0K $358.0K
Short-Term Investments
Other Short-Term Assets $235.5K $244.3K $244.3K
YoY Change -3.6% 10.82% 10.82%
Inventory $349.2K $408.5K $408.5K
Prepaid Expenses
Receivables $933.2K $1.146M $1.146M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $2.177M $2.157M $2.157M
YoY Change 0.93% 0.03% 0.03%
LONG-TERM ASSETS
Property, Plant & Equipment $1.694M $2.252M $2.252M
YoY Change -24.76% 9.09% 9.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $299.6K $197.1K $197.1K
YoY Change 51.97% -18.11% -18.11%
Total Long-Term Assets $2.904M $3.346M $3.346M
YoY Change -13.22% 6.73% 6.73%
TOTAL ASSETS
Total Short-Term Assets $2.177M $2.157M $2.157M
Total Long-Term Assets $2.904M $3.346M $3.346M
Total Assets $5.081M $5.504M $5.504M
YoY Change -7.68% 4.0% 4.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $414.3K $442.0K $442.0K
YoY Change -6.26% 0.49% 0.49%
Accrued Expenses $10.76M $150.1K $150.1K
YoY Change 7069.32% 64.28% 64.28%
Deferred Revenue
YoY Change
Short-Term Debt $700.0K $700.0K $700.0K
YoY Change 0.0%
Long-Term Debt Due $76.32M $65.05M $65.05M
YoY Change 17.32% 216.32% 216.32%
Total Short-Term Liabilities $89.33M $74.20M $74.20M
YoY Change 20.4% 189.83% 189.83%
LONG-TERM LIABILITIES
Long-Term Debt $27.96M $34.01M $34.01M
YoY Change -17.77% -52.4% -52.4%
Other Long-Term Liabilities $482.6K $561.2K
YoY Change -14.01%
Total Long-Term Liabilities $28.45M $0.00 $34.57M
YoY Change -17.71% -100.0% -51.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $89.33M $74.20M $74.20M
Total Long-Term Liabilities $28.45M $0.00 $34.57M
Total Liabilities $117.8M $108.8M $108.8M
YoY Change 8.29% 12.09% 12.09%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$112.7M -$103.3M -$103.3M
YoY Change
Total Liabilities & Shareholders Equity $5.081M $5.504M $5.504M
YoY Change -7.68% 4.0% 4.0%

Cashflow Statement

Concept 2021 2020 Q4 2020
OPERATING ACTIVITIES
Net Income -$10.08M -$2.336M -$11.68M
YoY Change -13.72% -47.99% -17.38%
Depreciation, Depletion And Amortization $635.0K $67.80K $597.1K
YoY Change 6.35% -62.54% -17.13%
Cash From Operating Activities $678.8K -$78.01K -$791.4K
YoY Change -185.77% -86.18% -44.92%
INVESTING ACTIVITIES
Capital Expenditures -$168.2K $20.47K -$275.7K
YoY Change -39.01% -122.22% -7.07%
Acquisitions
YoY Change
Other Investing Activities -$59.31K -$18.33K -$26.46K
YoY Change 124.15% -44.26%
Cash From Investing Activities -$227.5K $2.140K -$302.2K
YoY Change -24.72% -102.32% -12.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -150.0K 0.000 1.182M
YoY Change -112.69% 1081.8%
NET CHANGE
Cash From Operating Activities 678.8K -78.01K -791.4K
Cash From Investing Activities -227.5K 2.140K -302.2K
Cash From Financing Activities -150.0K 0.000 1.182M
Net Change In Cash 301.3K -75.87K 88.21K
YoY Change 241.55% -88.44% -105.25%
FREE CASH FLOW
Cash From Operating Activities $678.8K -$78.01K -$791.4K
Capital Expenditures -$168.2K $20.47K -$275.7K
Free Cash Flow $847.0K -$98.48K -$515.7K
YoY Change -264.24% -79.15% -54.77%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q1 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
139041 USD
CY2020Q4 us-gaap Deferred Compensation Liability Current
DeferredCompensationLiabilityCurrent
139041 USD
CY2021Q4 us-gaap Accrued Insurance Current And Noncurrent
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103791 USD
CY2020Q4 us-gaap Accrued Insurance Current And Noncurrent
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67927 USD
CY2021 dei Entity Registrant Name
EntityRegistrantName
CareView Communications Inc
CY2021 dei Security Exchange Name
SecurityExchangeName
NONE
CY2021Q4 us-gaap Convertible Debt Noncurrent
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CY2020Q4 us-gaap Other Liabilities Noncurrent
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CY2021Q4 us-gaap Preferred Stock Value
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CY2020Q4 us-gaap Preferred Stock Value
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Other Nonoperating Expense
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CY2021 us-gaap Income Tax Expense Benefit
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 us-gaap Gain Loss On Disposition Of Intangible Assets
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CY2021 us-gaap Other Amortization Of Deferred Charges
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CY2021 us-gaap Increase Decrease In Intangible Assets Current
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CY2021 us-gaap Proceeds From Convertible Debt
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CY2021 us-gaap Proceeds From Issuance Of Other Long Term Debt
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CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
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CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2021 crvw Remeasurement Of Operating Lease
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CY2021Q4 us-gaap Deferred Tax Assets Net
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CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
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CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
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