KORU MEDICAL SYSTEMS, INC.: 10-K filed 2014-05-29

Name: KORU MEDICAL SYSTEMS, INC.: 10-K filed 2014-05-29
Creator: KORU MEDICAL SYSTEMS, INC.

What KORU MEDICAL SYSTEMS, INC. reported in its annual report filed 2014-05-29 (fiscal FY 2013): 39 published measures, 80 facts as tagged in accession 0001161697-14-000223.

This filing

Form: 10-K (annual report)
Filed: 2014-05-29
Fiscal period: fiscal FY 2013
Accession: 0001161697-14-000223 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All KORU MEDICAL SYSTEMS, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2014-02-28	6,208,708	USD
At 2013-02-28	5,592,225	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2014-02-28	1,016,838	USD
At 2013-02-28	1,235,634	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit
At 2014-02-28	5,191,870	USD
At 2013-02-28	4,356,591	USD
At 2012-02-29	3,550,728	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2014-02-28	2,227,398	USD
At 2013-02-28	1,930,321	USD
At 2012-02-29	1,757,223	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	703,429	USD	365
2012-03-01 to 2013-02-28	725,763	USD	365

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	954,388	USD	365
2012-03-01 to 2013-02-28	784,790	USD	365

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	188,686	USD	365
2012-03-01 to 2013-02-28	563,567	USD	365

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	-439,306	USD	365
2012-03-01 to 2013-02-28	-43,494	USD	365

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	-218,005	USD	365
2012-03-01 to 2013-02-28	-568,198	USD	365

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2014-02-28	1,483,959	USD
At 2013-02-28	780,530	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	36,661,667	shares	365
2012-03-01 to 2013-02-28	36,011,448	shares	365

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	36,661,667	shares	365
2012-03-01 to 2013-02-28	36,036,362	shares	365

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	0.02	USD/shares	365
2012-03-01 to 2013-02-28	0.02	USD/shares	365

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	0.02	USD/shares	365
2012-03-01 to 2013-02-28	0.02	USD/shares	365

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	307,024	USD	365
2012-03-01 to 2013-02-28	312,347	USD	365

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2014-02-28	839,059	USD
At 2013-02-28	875,986	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	131,850	USD	365
2012-03-01 to 2013-02-28	80,100	USD	365

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	1,007,671	USD	365
2012-03-01 to 2013-02-28	1,062,404	USD	365

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2014-02-28	5,295,291	USD
At 2013-02-28	4,632,957	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	4,547	USD	365
2012-03-01 to 2013-02-28	28,280	USD	365

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2014-02-28	771,902	USD
At 2013-02-28	525,359	USD

Current accounts payable

Current amounts owed to suppliers for goods and services received. This is one component of current liabilities, not all accrued obligations.

Period	Value	Unit	Days
At 2014-02-28	246,622	USD
At 2013-02-28	110,358	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2014-02-28	1,744,813	USD
At 2013-02-28	1,114,847	USD

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2014-02-28	818,723	USD
At 2013-02-28	1,150,129	USD

Selling, general and administrative expense

Selling and general administrative costs reported under this concept. It is an expense category, not a substitute for total operating expenses.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	3,851,298	USD	365
2012-03-01 to 2013-02-28	3,543,889	USD	365

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	218,150	USD	365
2012-03-01 to 2013-02-28	147,576	USD	365

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2014-02-28	36,661,667	shares
At 2013-02-28	36,661,667	shares

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2014-02-28	2,666,434	USD
At 2013-02-28	2,477,984	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2014-02-28	1,827,375	USD
At 2013-02-28	1,601,998	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2014-02-28	43,305	USD
At 2013-02-28	22,913	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2014-02-28	74,358	USD
At 2013-02-28	83,282	USD

Accrued current liabilities

Current obligations accrued for goods and services received but not yet invoiced or paid. This is one component of current liabilities, not all short-term obligations.

Period	Value	Unit	Days
At 2014-02-28	263,465	USD
At 2013-02-28	169,790	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	1,010,453	USD	365
2012-03-01 to 2013-02-28	1,038,110	USD	365

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	225,613	USD	365
2012-03-01 to 2013-02-28	186,521	USD	365

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	232,959	USD	365
2012-03-01 to 2013-02-28	190,971	USD	365

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	2,782	USD	365
2012-03-01 to 2013-02-28	-24,294	USD	365

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	629,966	USD	365
2012-03-01 to 2013-02-28	230,120	USD	365

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	-331,406	USD	365
2012-03-01 to 2013-02-28	-17,327	USD	365

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2013-03-01 to 2014-02-28	136,264	USD	365
2012-03-01 to 2013-02-28	-89,169	USD	365

Inspect the source

Entity: KORU MEDICAL SYSTEMS, INC. / CIK 0000704440
Captured: 2026-09-19T14:58:00.731Z
SEC response SHA-256: b53967f6fe0da17327c3bbc894c28ecf420f6c43e7707a871a63a9c303887166

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import json
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with urlopen("https://canlicapital.com/company-data/0000704440.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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