KORU MEDICAL SYSTEMS, INC.: 10-Q filed 2015-07-10

Name: KORU MEDICAL SYSTEMS, INC.: 10-Q filed 2015-07-10
Creator: KORU MEDICAL SYSTEMS, INC.

What KORU MEDICAL SYSTEMS, INC. reported in its quarterly report filed 2015-07-10 (fiscal Q1 2016): 36 published measures, 74 facts as tagged in accession 0001161697-15-000285.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-07-10
Fiscal period: fiscal Q1 2016
Accession: 0001161697-15-000285 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 2015-05-31	7,428,089	USD
At 2015-02-28	7,281,173	USD

Total liabilities

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

Period	Value	Unit	Days
At 2015-05-31	1,212,273	USD
At 2015-02-28	1,007,717	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2015-05-31	6,215,816	USD
At 2015-02-28	6,273,456	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 2015-05-31	2,470,636	USD
At 2015-02-28	2,557,235	USD
At 2014-05-31	2,338,748	USD
At 2014-02-28	2,227,398	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
2015-03-01 to 2015-05-31	-64,640	USD	92
2014-03-01 to 2014-05-31	158,056	USD	92

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
2015-03-01 to 2015-05-31	11,101	USD	92
2014-03-01 to 2014-05-31	265,690	USD	92

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
2015-03-01 to 2015-05-31	61,344	USD	92
2014-03-01 to 2014-05-31	91,427	USD	92

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
2015-03-01 to 2015-05-31	-97,700	USD	92
2014-03-01 to 2014-05-31	-154,340	USD	92

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 2015-05-31	2,172,436	USD
At 2015-02-28	2,237,076	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
2015-03-01 to 2015-05-31	38,006,667	shares	92
2014-03-01 to 2014-05-31	37,081,667	shares	92

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
2015-03-01 to 2015-05-31	38,006,667	shares	92
2014-03-01 to 2014-05-31	37,081,667	shares	92

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
2015-03-01 to 2015-05-31	-32,797	USD	92
2014-03-01 to 2014-05-31	86,096	USD	92

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 2015-05-31	1,156,289	USD
At 2015-02-28	1,161,432	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
2015-03-01 to 2015-05-31	7,000	USD	92
2014-03-01 to 2014-05-31	32,875	USD	92

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
2015-03-01 to 2015-05-31	-78,864	USD	92
2014-03-01 to 2014-05-31	241,099	USD	92

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 2015-05-31	6,026,584	USD
At 2015-02-28	5,908,043	USD

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 2015-05-31	904,210	USD
At 2015-02-28	691,656	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 2015-05-31	397,492	USD
At 2015-02-28	243,217	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 2015-05-31	1,474,510	USD
At 2015-02-28	1,623,695	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2015-03-01 to 2015-05-31	1,596,723	USD	92
2014-03-01 to 2014-05-31	1,285,151	USD	92

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 2015-05-31	1,412,636	USD
At 2015-02-28	1,226,636	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2015-03-01 to 2015-05-31	1,517,859	USD	92
2014-03-01 to 2014-05-31	1,526,250	USD	92

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
2015-03-01 to 2015-05-31	1,478,339	USD	92
2014-03-01 to 2014-05-31	1,094,065	USD	92

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
2015-03-01 to 2015-05-31	53,665	USD	92
2014-03-01 to 2014-05-31	131,396	USD	92

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 2015-05-31	38,006,667	shares
At 2015-02-28	38,006,667	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 2015-05-31	2,131,379	USD
At 2015-02-28	2,076,926	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 2015-05-31	975,090	USD
At 2015-02-28	915,494	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 2015-05-31	214,076	USD
At 2015-02-28	180,558	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 2015-05-31	31,140	USD
At 2015-02-28	31,140	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 2015-05-31	238,435	USD
At 2015-02-28	304,041	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
2015-03-01 to 2015-05-31	-97,437	USD	92
2014-03-01 to 2014-05-31	244,152	USD	92

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
2015-03-01 to 2015-05-31	64,719	USD	92
2014-03-01 to 2014-05-31	59,690	USD	92

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
2015-03-01 to 2015-05-31	-18,573	USD	92
2014-03-01 to 2014-05-31	3,053	USD	92

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
2015-03-01 to 2015-05-31	-148,234	USD	92
2014-03-01 to 2014-05-31	-89,334	USD	92

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
2015-03-01 to 2015-05-31	186,000	USD	92
2014-03-01 to 2014-05-31	205,862	USD	92

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
2015-03-01 to 2015-05-31	154,275	USD	92
2014-03-01 to 2014-05-31	273,690	USD	92

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["policy"])
for concept in record["concepts"]:
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