posted
Company has been profitable and recently reached new deal with large company. New revenue and profits should show up in coming quarters. Great potential.
Posts: 74 | From: Midwest | Registered: Dec 2003
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Estimated Market Cap: Not Available Number of Shareholders of Record: 2,564 as of 2007-04-02
Current Capital Change: Capital Change=shs decreased by 1 for 6 split Ex-Date: 1996-09-30 Record Date: 1996-09-30 Pay Date: 1996-09-30
Dividends:
Transfer Agent: American Stock Transfer & Trust Company, New York, NY 10038
CADV -- CareAdvantage, Inc. Com ($0.001)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2007
COMMISSION FILE NUMBER 0-26168
CAREADVANTAGE, INC. (Exact name of small business issuer as specified in its charter)
DELAWARE 52-1849794 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification Number)
485-C Route 1 South, Iselin, New Jersey 08830 (Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (732) 362-5000
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes x No o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)
Yes o No x
The number of shares of Common Stock outstanding as of April 26, 2007 is 56,775,554
Transitional Small Business Disclosure Format Yes o No x
CAREADVANTAGE, INC AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, December 31, 2007 2006 Unaudited Audited ASSETS Current assets: Cash and cash equivalents $ 306,000 $ 371,000 Accounts receivable 414,000 529,000 Other current assets 165,000 92,000 Total current assets 885,000 992,000
Property and equipment, at cost less accumulated depreciation 215,000 232,000 Intangible assets, net of accumulated depreciation - 1,000 Security deposits 167,000 167,000
Total Assets $ 1,267,000 $ 1,392,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 131,000 $ 146,000 Accrued compensation and related benefits 62,000 110,000 Accrued expenses and other current liabilities 124,000 127,000 Deferred revenue 56,000 74,000 Capital lease obligation - current 40,000 40,000
Total current liabilities 413,000 497,000
Long term liabilities:
Capital lease obligation - long term 133,000 143,000 Deferred rent 371,000 352,000
Total Liabilities $ 917,000 $ 992,000
Stockholders' equity: Preferred stock-par value $.10 per share; authorized 10,000,000 shares; none issued Common stock-par value $.001 per share; authorized 200,000,000 shares; issued 110,170,374 shares and outstanding 56,775,554 shares 110,000 110,000 Additional capital 24,024,000 24,007,000 Accumulated deficit (23,522,000 ) (23,455,000 ) Treasury Stock at cost, 53,394,820 shares (262,000 ) (262,000 )
Total Stockholders' Equity 350,000 400,000 Total Liabilities and Stockholders' Equity $ 1,267,000 $ 1,392,000
See Notes to Unaudited Condensed Consolidated Financial Statements
QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2007
COMMISSION FILE NUMBER 0-26168
CAREADVANTAGE, INC. (Exact name of small business issuer as specified in its charter)
DELAWARE 52-1849794 (State or other jurisdiction of (I.R.S. Employer Incorporation or organization) Identification Number)
485-C Route 1 South, Iselin, New Jersey 08830 (Address of principal executive offices) (Zip Code)
Issuer's telephone number, including area code: (732) 362-5000
Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes x No o
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)
Yes o No x
The number of shares of Common Stock outstanding as of April 26, 2007 is 56,775,554
Transitional Small Business Disclosure Format Yes o No x