CareView Communications Inc
For the period ended Mar 31, 2025. Filed May 15, 2025.
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.
Mar 31, 2025 · Filed May 15, 2025
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Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
INDEX
| Page | ||
|---|---|---|
| PART I - FINANCIAL INFORMATION | ||
| Item. 1 · Financial Statements | ||
| Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024 | 3 | |
| Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 2024 (Unaudited) | 4 | |
| Condensed Consolidated Statements of Changes in Stockholders' Deficit for the Three Months Ended March 31, 2025 and 2024 (Unaudited) | 5 | |
| Condensed Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024 (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 | 23 |
| Item 4. | Controls and Procedures | 23 |
| PART II - OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 25 |
| Item 1A. | Risk Factors | 25 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 25 |
| Item 3. | Defaults Upon Senior Securities | 25 |
| Item 4. | Mine Safety Disclosures | 25 |
| Item 5. | Other Information | 25 |
| Item 6. | Exhibits | 25 |
CAREVIEW COMMUNICATIONS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
| March 31, | ||
|---|---|---|
| 2025 | December 31, | |
| (unaudited) | 2024 | |
| ASSETS | ||
| Current Assets: | ||
| Cash | $1,026,065 | $759,266 |
| Accounts receivable | 1,443,732 | 1,000,706 |
| Inventory | 383,397 | 418,131 |
| Other current assets | 215,266 | 484,256 |
| Total current assets | 3,068,460 | 2,662,359 |
| Property and equipment, net | 147,953 | 176,103 |
| Other Assets: | ||
| Intangible assets, net | 386,839 | 397,380 |
| Operating lease right-of-use asset | 80,904 | 126,876 |
| Other assets, net | 229,477 | 258,869 |
| Total other assets | 697,220 | 783,125 |
| Total assets | $3,913,633 | $3,621,587 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current Liabilities: | ||
| Accounts payable | $375,046 | 470,162 |
| Notes payable | 20,000,000 | 20,000,000 |
| Notes payable - related parties | 700,000 | 700,000 |
| Deferred revenue | 2,804,277 | 2,413,771 |
| Operating lease liability | 91,135 | 142,573 |
| Accrued interest payable | 20,489,764 | 19,687,639 |
| Other current liabilities | 280,665 | 387,081 |
| Total current liabilities | 44,740,887 | 43,801,226 |
| Long-term Liabilities: | ||
| Deferred revenue | 354,197 | 254,628 |
| Other liabilities | 18,884 | - |
| Total long-term liabilities | 373,081 | 254,628 |
| Total liabilities | 45,113,968 | 44,055,854 |
| 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 | 171,722,682 | 171,567,950 |
| Accumulated deficit | (213,506,898) | (212,586,098) |
| Total stockholders' deficit | (41,200,335) | (40,434,267) |
| Total liabilities and stockholders' deficit | $3,913,633 | $3,621,587 |
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