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iCoreConnect Inc.: 10-Q filed 2022-08-12

What iCoreConnect Inc. reported in its quarterly report filed 2022-08-12 (fiscal Q2 2022): 34 published measures, 90 facts as tagged in accession 0001477932-22-005934.

This filing

Form
10-Q (quarterly report)
Filed
2022-08-12
Fiscal period
fiscal Q2 2022
Accession
0001477932-22-005934 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All iCoreConnect Inc. filings.

Reported measures

Total assets

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

PeriodValueUnitDays
At 2022-06-307,235,214USD
At 2021-12-316,630,343USD

Total liabilities

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

PeriodValueUnitDays
At 2022-06-308,017,641USD
At 2021-12-315,625,052USD

Stockholders equity

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

PeriodValueUnitDays
At 2022-06-30-782,427USD
At 2022-03-31368,753USD
At 2021-12-311,005,291USD
At 2021-06-302,349,546USD
At 2021-03-31576,178USD
At 2020-12-31-628,940USD

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.

PeriodValueUnitDays
At 2022-06-30164,261USD
At 2021-12-3171,807USD

Net income or loss

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

PeriodValueUnitDays
2022-04-01 to 2022-06-30-1,487,127USD91
2022-01-01 to 2022-06-30-3,029,362USD181
2022-01-01 to 2022-03-31-1,542,235USD90
2021-04-01 to 2021-06-30-1,583,233USD91
2021-01-01 to 2021-06-30-2,396,147USD181
2021-01-01 to 2021-03-31-812,914USD90

Operating cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-06-30-1,434,944USD181
2021-01-01 to 2021-06-30-1,032,119USD181

Capital expenditure payments

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

PeriodValueUnitDays
2022-01-01 to 2022-06-300USD181
2021-01-01 to 2021-06-304,228USD181

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

PeriodValueUnitDays
2022-04-01 to 2022-06-302,011,161USD91
2022-01-01 to 2022-06-304,055,050USD181
2021-04-01 to 2021-06-30981,378USD91
2021-01-01 to 2021-06-301,685,379USD181

Financing cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-06-301,657,296USD181
2021-01-01 to 2021-06-303,833,541USD181

Investing cash flow

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

PeriodValueUnitDays
2022-01-01 to 2022-06-30-129,898USD181
2021-01-01 to 2021-06-30-1,963,002USD181

Retained earnings or deficit

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

PeriodValueUnitDays
At 2022-06-30-85,824,625USD
At 2021-12-31-82,795,263USD

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.

PeriodValueUnitDays
At 2022-06-3085,733USD
At 2021-12-3192,562USD

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.

PeriodValueUnitDays
At 2022-06-301,266,093USD
At 2021-12-311,013,140USD

Interest expense

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

PeriodValueUnitDays
2022-04-01 to 2022-06-30189,183USD91
2022-01-01 to 2022-06-30344,872USD181
2021-04-01 to 2021-06-3092,526USD91
2021-01-01 to 2021-06-30260,323USD181

Current liabilities

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

PeriodValueUnitDays
At 2022-06-303,567,945USD
At 2021-12-314,054,246USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

PeriodValueUnitDays
At 2022-06-301,484,966USD
At 2021-12-311,484,966USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

PeriodValueUnitDays
At 2022-06-30121,191USD
At 2021-12-31277,966USD

Net current accounts receivable

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

PeriodValueUnitDays
At 2022-06-30701,873USD
At 2021-12-31629,047USD

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-302,601,822USD91
2022-01-01 to 2022-06-305,008,034USD181
2021-04-01 to 2021-06-301,254,585USD91
2021-01-01 to 2021-06-302,363,670USD181

Gross profit

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

PeriodValueUnitDays
2022-04-01 to 2022-06-301,389,878USD91
2022-01-01 to 2022-06-302,799,537USD181
2021-04-01 to 2021-06-30713,650USD91
2021-01-01 to 2021-06-301,177,618USD181

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.

PeriodValueUnitDays
2022-04-01 to 2022-06-302,261,577USD91
2022-01-01 to 2022-06-304,293,934USD181
2021-04-01 to 2021-06-301,003,870USD91
2021-01-01 to 2021-06-301,860,258USD181

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.

PeriodValueUnitDays
At 2022-06-30172,473,691shares
At 2021-12-31167,493,479shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

PeriodValueUnitDays
At 2022-06-30164,261USD
At 2021-12-3171,807USD
At 2021-06-30846,039USD
At 2020-12-317,619USD

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.

PeriodValueUnitDays
At 2022-06-3084,869,725USD
At 2021-12-3183,633,061USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

PeriodValueUnitDays
At 2022-06-301,031,021USD
At 2021-12-3199,054USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2022-06-303,675,419USD
At 2021-12-311,538,488USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

PeriodValueUnitDays
At 2022-06-30399,959USD
At 2021-12-31312,286USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

PeriodValueUnitDays
2022-01-01 to 2022-06-303,029,362USD181
2021-01-01 to 2021-06-302,396,147USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-3010,981USD181
2021-01-01 to 2021-06-301,418USD181

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

PeriodValueUnitDays
2022-01-01 to 2022-06-30703,118USD181
2021-01-01 to 2021-06-30469,669USD181

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2022-04-01 to 2022-06-30-275,183USD91
2022-01-01 to 2022-06-30-820,865USD181
2021-04-01 to 2021-06-30-1,042,298USD91
2021-01-01 to 2021-06-30-1,210,095USD181

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2022-01-01 to 2022-06-30301,644USD181
2021-01-01 to 2021-06-30233,465USD181

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2022-01-01 to 2022-06-30350,000USD181
2021-01-01 to 2021-06-302,920,813USD181

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.

PeriodValueUnitDays
2022-01-01 to 2022-06-30210,502USD181
2021-01-01 to 2021-06-30107,443USD181

Inspect the source

Entity
iCoreConnect Inc. / CIK 0001408057
Captured
SEC response SHA-256
7878ae8656eed15139dc3da269e2f83207badc1b6ed94a40442e67ff5bf03ad1

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.

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Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001408057.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"])))