InsPro Technologies Corp: 10-Q filed 2014-08-14

Name: InsPro Technologies Corp: 10-Q filed 2014-08-14
Creator: InsPro Technologies Corp

What InsPro Technologies Corp reported in its quarterly report filed 2014-08-14 (fiscal Q2 2014): 31 published measures, 80 facts as tagged in accession 0001571049-14-003995.

This filing

Form: 10-Q (quarterly report)
Filed: 2014-08-14
Fiscal period: fiscal Q2 2014
Accession: 0001571049-14-003995 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 InsPro Technologies Corp 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 2014-06-30	6,362,626	USD
At 2013-12-31	5,485,091	USD

Total liabilities

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

Period	Value	Unit	Days
At 2014-06-30	6,040,469	USD
At 2013-12-31	3,881,955	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2014-06-30	322,157	USD
At 2013-12-31	1,603,136	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 2014-06-30	2,610,907	USD
At 2013-12-31	2,569,536	USD
At 2013-06-30	2,730,609	USD
At 2012-12-31	3,347,689	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
2014-04-01 to 2014-06-30	-2,487,141	USD	91
2014-01-01 to 2014-06-30	-2,988,900	USD	181
2013-04-01 to 2013-06-30	-37,439	USD	91
2013-01-01 to 2013-06-30	-275,931	USD	181

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
2014-01-01 to 2014-06-30	289,813	USD	181
2013-01-01 to 2013-06-30	-459,000	USD	181

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
2014-01-01 to 2014-06-30	129,140	USD	181
2013-01-01 to 2013-06-30	86,720	USD	181

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
2014-01-01 to 2014-06-30	-119,302	USD	181
2013-01-01 to 2013-06-30	-71,360	USD	181

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
2014-01-01 to 2014-06-30	-129,140	USD	181
2013-01-01 to 2013-06-30	-86,720	USD	181

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 2014-06-30	-55,412,503	USD
At 2013-12-31	-52,423,602	USD

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 2014-06-30	1,114,361	USD
At 2013-12-31	959,902	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
2014-01-01 to 2014-06-30	1,707,922	USD	181
2013-01-01 to 2013-06-30	37,497	USD	181

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
2014-04-01 to 2014-06-30	-2,547,644	USD	91
2014-01-01 to 2014-06-30	-3,112,359	USD	181
2013-04-01 to 2013-06-30	-26,839	USD	91
2013-01-01 to 2013-06-30	-91,630	USD	181

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 2014-06-30	5,188,265	USD
At 2013-12-31	4,465,189	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
2014-04-01 to 2014-06-30	11,234	USD	91
2014-01-01 to 2014-06-30	18,678	USD	181
2013-04-01 to 2013-06-30	9,206	USD	91
2013-01-01 to 2013-06-30	16,861	USD	181

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 2014-06-30	5,214,253	USD
At 2013-12-31	3,251,572	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 2014-06-30	1,374,231	USD
At 2013-12-31	1,169,251	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 2014-06-30	2,166,227	USD
At 2013-12-31	1,660,564	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
2014-04-01 to 2014-06-30	652,889	USD	91
2014-01-01 to 2014-06-30	1,277,055	USD	181
2013-04-01 to 2013-06-30	1,241,996	USD	91
2013-01-01 to 2013-06-30	2,462,443	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2014-04-01 to 2014-06-30	3,614,767	USD	91
2014-01-01 to 2014-06-30	6,567,200	USD	181
2013-04-01 to 2013-06-30	3,054,759	USD	91
2013-01-01 to 2013-06-30	6,427,135	USD	181

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
2014-04-01 to 2014-06-30	3,200,533	USD	91
2014-01-01 to 2014-06-30	4,389,414	USD	181
2013-04-01 to 2013-06-30	1,268,835	USD	91
2013-01-01 to 2013-06-30	2,554,073	USD	181

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 2014-06-30	41,543,655	shares
At 2013-12-31	41,543,655	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2014-06-30	45,119,094	USD
At 2013-12-31	43,411,172	USD

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 2014-06-30	3,913,213	USD
At 2013-12-31	3,375,068	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 2014-06-30	2,798,852	USD
At 2013-12-31	2,415,166	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 2014-06-30	60,000	USD
At 2013-12-31	60,000	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 2014-06-30	706,693	USD
At 2013-12-31	456,753	USD

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
2014-04-01 to 2014-06-30	243,405	USD	91
2014-01-01 to 2014-06-30	383,686	USD	181
2013-04-01 to 2013-06-30	169,642	USD	91
2013-01-01 to 2013-06-30	346,814	USD	181

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
2014-04-01 to 2014-06-30	-1,114	USD	91
2014-01-01 to 2014-06-30	-8,558	USD	181
2013-04-01 to 2013-06-30	-111,606	USD	91
2013-01-01 to 2013-06-30	-399,060	USD	181

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
2014-01-01 to 2014-06-30	-505,663	USD	181
2013-01-01 to 2013-06-30	83,663	USD	181

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
2014-01-01 to 2014-06-30	204,980	USD	181
2013-01-01 to 2013-06-30	-542,325	USD	181

Inspect the source

Entity: InsPro Technologies Corp / CIK 0001309442
Captured: 2026-09-22 19:44 UTC
SEC response SHA-256: 05d98d454aa7aa4b162b1897314af9e752034c8bbd2c26e1168443d9eb285cd2

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

These pages do not supply prices, total-return histories, corporate-action adjustments or a tradable universe. Build those inputs separately before evaluating a strategy. A profitable backtest can still reflect selection bias or costs that were left out.

Research methodology · Execution and cost assumptions · Check backtest overfitting

Build with the open-source tools

Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001309442.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))