COMMONWEALTH INCOME & GROWTH FUND VII, LP: 10-Q filed 2020-05-15

Name: COMMONWEALTH INCOME & GROWTH FUND VII, LP: 10-Q filed 2020-05-15
Creator: COMMONWEALTH INCOME & GROWTH FUND VII, LP
License: https://creativecommons.org/licenses/by/4.0/

What COMMONWEALTH INCOME & GROWTH FUND VII, LP reported in its quarterly report filed 2020-05-15 (fiscal Q1 2020): 17 published measures, 35 facts as tagged in accession 0001654954-20-005683.

This filing

Form: 10-Q (quarterly report)
Filed: 2020-05-15
Fiscal period: fiscal Q1 2020
Accession: 0001654954-20-005683 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 COMMONWEALTH INCOME & GROWTH FUND VII, LP 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 2020-03-31	4,185,420	USD
At 2019-12-31	4,640,589	USD

Total liabilities

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

Period	Value	Unit	Days
At 2020-03-31	1,390,484	USD
At 2019-12-31	1,832,195	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 2020-03-31	466,207	USD
At 2019-12-31	540,798	USD
At 2019-03-31	414,875	USD
At 2018-12-31	853,115	USD

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
2020-01-01 to 2020-03-31	-188,550	USD	91
2019-01-01 to 2019-03-31	-302,057	USD	90

Revenue

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

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	576,930	USD	91
2019-01-01 to 2019-03-31	531,756	USD	90

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
2020-01-01 to 2020-03-31	-28,740	USD	91
2019-01-01 to 2019-03-31	-160,919	USD	90

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
2020-01-01 to 2020-03-31	142,699	USD	91
2019-01-01 to 2019-03-31	24,736	USD	90

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
2020-01-01 to 2020-03-31	0.01	USD/shares	91
2019-01-01 to 2019-03-31	-0.13	USD/shares	90

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 2020-03-31	1,479,352	USD
At 2019-12-31	1,605,267	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
2020-01-01 to 2020-03-31	17,622	USD	91
2019-01-01 to 2019-03-31	35,502	USD	90

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 2020-03-31	0	USD
At 2019-12-31	4,080	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
2020-01-01 to 2020-03-31	236,336	USD	91
2019-01-01 to 2019-03-31	229,037	USD	90

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.

Period	Value	Unit	Days
At 2020-03-31	1,028,000	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 2020-03-31	15,045	USD
At 2019-12-31	235	USD

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.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	15,282	USD	91
2019-01-01 to 2019-03-31	-196,983	USD	90

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
2020-01-01 to 2020-03-31	345,652	USD	91
2019-01-01 to 2019-03-31	375,843	USD	90

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.

Period	Value	Unit	Days
2020-01-01 to 2020-03-31	118,075	USD	91
2019-01-01 to 2019-03-31	-40,408	USD	90

Inspect the source

Entity: COMMONWEALTH INCOME & GROWTH FUND VII, LP / CIK 0001450335
Captured: 2026-09-23 02:50 UTC
SEC response SHA-256: 78ef89c0800cc400761f5ed9375ad2e73d7c013f15a8ad126dadf7c9ec6652a7

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

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001450335.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"])))