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Author Topic: CADV at .016 could be most undervalued stock
OldPro
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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  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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CADV -- CareAdvantage, Inc.
Com ($0.001)
Search for Dun & Bradstreet reports on this company.

Address:
485-C Route 1 South
Iselin, NJ 08830
USA


Website: http://www.careadvantage.com
Phone: (732) 362-5000


Business Description: Not Available

Primary State of Incorporation: Delaware


Country of Incorporation: USA


Officers:
Dennis J. Mouras, CEO/Acting CFO

CIK: 0000937252

Outstanding Shares: 56,775,554 as of 2007-02-07

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


--------------------------------------------------------------------------------



INDEX


Part I - Financial Information

Item 1. Financial Statements

· Condensed Consolidated Balance Sheets -
March 31, 2007 (Unaudited) and December 31, 2006 2

· Condensed Consolidated Statements of Operations -
Three months ended March 31, 2007 and March 31, 2006 (Unaudited) 3

· Condensed Consolidated Statements of Cash Flows -
Three months ended March 31, 2007 and March 31, 2006 (Unaudited) 4

· Notes to Unaudited Condensed Consolidated Financial Statements 5

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 7

Item 3. Controls and Procedures 10

Part II - Other Information

Item 1. Legal Proceedings 11

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 11

Item 3. Defaults Upon Senior Securities 11

Item 4. Submission of Matters to a Vote of Security Holders 11

Item 5. Other Information 11

Item 6. Exhibits 11

Signature 12


--------------------------------------------------------------------------------


PART I - FINANCIAL INFORMATION

ITEM 1. Financial Statements


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


2
--------------------------------------------------------------------------------


CAREADVANTAGE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)


Three Months Ended
March 31,
2007 2006

License fees and service revenue $ 1,050,000 $ 945,000

Costs of services 426,000 442,000

Gross profit 624,000 503,000

Operating expenses:

Selling, general and administrative 686,000 706,000

Operating (loss) (62,000 ) (203,000 )

Interest (expense)/income, net (5,000 ) -

Provision for income taxes - 1,000

Net (loss) (67,000 ) (204,000 )

Net (loss) per share of common stock- ($. 00 ) ($.00 )

Weighted average number
of common shares outstanding -

Basic and diluted 56,775,000 53,417,000


See Notes to Unaudited Condensed Consolidated Financial Statements


3
--------------------------------------------------------------------------------


CAREADVANTAGE, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)


Three Months Ended March 31,
2007 2006

Cash flows from operating activities:

Net loss $ (67,000 ) $ (204,000 )

Adjustments to reconcile net loss
to net cash (used in)/provided by operating
activities:

Depreciation and amortization 18,000 31,000
Stock based compensation 16,000 8,000
Deferred revenue (18,000 ) 134,000

Change in:

Accounts receivable 115,000 160,000
Other assets (72,000 ) 48,000
Accounts payable (15,000 ) (46,000 )
Deferred rent 19,000 44,000
Accrued expenses and other liabilities (51,000 ) (32,000 )

Net cash (used in)/provided by operating activities (55,000 ) 143,000

Cash flows from financing activity:

Repayment of capital leases (10,000 ) -

Net cash (used in)/provided by financing activities (10,000 ) -

Net (decrease)/increase in cash and cash equivalents (65,000 ) 143,000

Cash and cash equivalents - beginning of period 371,000 114,000

Cash and cash equivalents - end of period $ 306,000 $ 257,000


See Notes to Unaudited Condensed Consolidated Financial Statements


CADV -- CareAdvantage, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

CAREADVANTAGE INC files Form 10QSB, Quarterly Report of Financial Condition

--------------------------------------------------------------------------------


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


--------------------------------------------------------------------------------



INDEX


Part I - Financial Information

Item 1. Financial Statements

· Condensed Consolidated Balance Sheets -
March 31, 2007 (Unaudited) and December 31, 2006 2

· Condensed Consolidated Statements of Operations -
Three months ended March 31, 2007 and March 31, 2006 (Unaudited) 3

· Condensed Consolidated Statements of Cash Flows -
Three months ended March 31, 2007 and March 31, 2006 (Unaudited) 4

· Notes to Unaudited Condensed Consolidated Financial Statements 5
. . .


View Entire Filing
CADV -- CareAdvantage, Inc.
Com ($0.001)
Primary Venue: Dually Quoted on Pink Sheets and OTC Bulletin Board
Best Bid: 0.015 (5000 shares)
Best Ask: 0.018 (5000 shares) *

Date/Time of Last Inside Change: Fri Jul 06 13:53:18 EDT 2007
* Quoted on the Pink Sheets

Want real-time level two quotes in this security?

TRADE DATA Last Sale: 0.016
Change: +0.000

Percent Change: +0.000005
Tick: Up
Daily High: 0.00 Daily Low: 0.00

Opening Price: 0.00 Volume: 0
Annual High: 0.040
Annual Low: 0.011
Dividend: 0.00 Earnings/Share: -0.020
Previous Close: 0.016 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 0.76

--------------------
LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
   

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