CareView Communications Inc
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
INDEX
| Page | ||
|---|---|---|
| PART I - FINANCIAL INFORMATION | ||
| Item. 1 · Financial Statements | ||
| Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023 | 3 | |
| Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited) | 4 | |
| Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three and Six Months Ended June 30, 2024 and 2023 (Unaudited) | 5 | |
| Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 (Unaudited) | 6 | |
| Notes to the Condensed Consolidated Financial Statements | 7 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 17 |
| Item 3. | Quantitative and Qualitative Disclosures about Market Risk | 22 |
| Item 4. | Controls and Procedures | 22 |
| PART II - OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 24 |
| Item 1A. | Risk Factors | 24 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 24 |
| Item 3. | Defaults Upon Senior Securities | 24 |
| Item 4. | Mine Safety Disclosures | 24 |
| Item 5. | Other Information | 24 |
| Item 6. | Exhibits | 24 |
CAREVIEW COMMUNICATIONS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, | ||
|---|---|---|
| 2024 | December 31, | |
| (unaudited) | 2023 | |
| ASSETS | ||
| Current Assets: | ||
| Cash and restricted cash | $1,738,994 | $1,145,871 |
| Accounts receivable | 1,342,847 | 1,167,934 |
| Inventory | 309,371 | 294,435 |
| Other current assets | 437,341 | 335,091 |
| Total current assets | 3,828,553 | 2,943,331 |
| Property and equipment, net | 238,794 | 317,626 |
| Other Assets: | ||
| Intangible assets, net | 407,983 | 406,301 |
| Operating lease asset | 213,317 | 292,990 |
| Other assets, net | 350,038 | 302,010 |
| Total other assets | 971,338 | 1,001,301 |
| Total assets | $5,038,685 | $4,262,258 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current Liabilities: | ||
| Accounts payable | $436,125 | 598,095 |
| Notes payable | 20,000,000 | 20,000,000 |
| Notes payable - related parties | 700,000 | 700,000 |
| Deferred revenue | 3,150,192 | 1,752,061 |
| Operating lease liability | 193,634 | 188,184 |
| Accrued interest payable | 18,083,389 | 16,479,139 |
| Other current liabilities | 556,789 | 489,497 |
| Total current liabilities | 43,120,129 | 40,206,976 |
| Long-term Liabilities: | ||
| Operating lease liability | 46,311 | 139,099 |
| Other liabilities | 52,771 | 178,907 |
| Total long-term liabilities | 99,082 | 318,006 |
| Total liabilities | 43,219,211 | 40,524,982 |
| Stockholders' Deficit: | ||
| Preferred stock - par value $0.001; 20,000,000 shares authorized; no shares issued and outstanding | - | - |
| Common stock - par value $0.001; 800,000,000 shares authorized; 583,880,748 issued and outstanding | 583,881 | 583,881 |
| Additional paid in capital | 171,250,044 | 171,038,349 |
| Accumulated deficit | (210,014,451) | (207,884,954) |
| Total stockholders' deficit | (38,180,526) | (36,262,724) |
| Total liabilities and stockholders' deficit | $5,038,685 | $4,262,258 |
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