Cortelco Systems Puerto Rico, Inc.

CPROF

CPROFCortelco Systems Puerto Rico, Inc. US flag

Other OTC

1.21

USD

- -

1.92MMarket Cap

Income Statement (USD)

API Chat

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
Sales/Revenue/Turnover	10	8	7	7	7	8	10
+ Sales & Services Revenue	10	8	7	7	7	8	10
- Cost of Revenue	8	7	6	5	5	6	8
+ Cost of Goods & Services	8	7	6	5	5	6	8
Gross Profit	2	1	1	2	2	2	2
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	5	3	3	2	2	2	2
+ Selling, General & Admin	4	3	3	2	2	2	2
+ Research & Development	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	1	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-3	-2	-2	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -
Pretax Income	-3	-2	-1	- -	- -	- -	- -
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-3	-2	-1	- -	- -	- -	- -
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-3	-2	-1	- -	- -	- -	- -
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-3	-2	-1	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-3	-2	-1	- -	- -	- -	- -
EBIT	-3	-2	-2	- -	- -	- -	- -
EBITDA	-2	-2	-1	- -	- -	- -	- -
EBITDA Margin (%)	-23.7	-21.19	-18.94	1.56	4.21	2.26	1.79
EBITA	-3	-2	-2	- -	- -	- -	- -
Gross Margin (%)	21.49	13.18	16.87	29	31.56	27.15	22.73
Operating Margin (%)	-25.56	-23.04	-20.97	-0.27	2.7	0.8	1.2
Profit Margin (%)	-25.36	-22.71	-20.36	0.15	2.7	1.09	-0.46
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	1	1	1	2	2	2	2
Basic EPS, GAAP	-2.19	-1.45	-1.11	0.01	0.13	0.05	-0.03
Basic EPS from Cont Ops	-2.19	-1.45	-1.11	0.01	0.13	0.05	-0.03
Diluted Weighted Avg Shares	1	1	1	2	2	2	2
Diluted EPS, GAAP	-2.19	-1.45	-1.11	0.01	0.13	0.05	-0.03
Diluted EPS from Cont Ops	-2.19	-1.45	-1.11	0.01	0.13	0.05	-0.03

Balance Sheet (USD)

API Chat

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
Total Current Assets	6	4	3	2	3	3	3
+ Cash, Cash Equivalents & STI	- -	- -	- -	- -	1	1	1
+ Cash & Cash Equivalents	- -	- -	- -	- -	1	1	1
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	2	2	2	1	2	2	2
+ Accounts Receivable, Net	2	2	2	1	2	2	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	3	1	- -	- -	- -	1	- -
+ Raw Materials	- -	1	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	3	1	- -	- -	- -	- -	- -
+ Other ST Assets	1	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1	1	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip	1	1	1	- -	- -	- -	- -
- Accumulated Depreciation	1	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	- -	- -
Total Assets	7	5	3	2	3	4	3
+ Payables & Accruals	2	2	1	1	1	1	1
+ Accounts Payable	1	1	1	- -	- -	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	1	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	2	2	2	1	1	2	2
+ LT Debt	- -	- -	- -	- -	- -	- -	- -
+ LT Borrowings	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	2	2	2	1	1	2	2
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	7	7	7	7	7	7	7
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	7	7	7	7	7	7	7
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-3	-4	-6	-6	-6	-5	-5
+ Other Equity	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	4	3	1	1	2	2	2
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	4	3	1	1	2	2	2
Total Liabilities & Equity	7	5	3	2	3	4	3
Shares Outstanding	- -	- -	- -	2	2	2	2
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -
Net Debt	- -	- -	- -	- -	-1	-1	-1
Net Debt to Equity	-6.47	-1.45	3.06	-39.86	-49.13	-56.32	-50.14
Tangible Common Equity Ratio	62.03	51.59	39.42	50.38	56.07	49.38	54.34
Current Ratio	2.41	1.85	1.48	1.83	2.03	1.86	2.05
Cash Conversion Cycle	- -	120.95	80.73	59.65	55.13	55.72	31.32

Cash Flow Statement (USD)

API Chat

	2002 Y	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y
+ Net Income	-3	-2	-1	- -	- -	- -	- -
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	- -	1	2	- -	- -	- -	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	1	2	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	3	- -	-1	- -	- -	- -	- -
+ (Inc) Dec in Accts Receiv	2	- -	- -	1	- -	- -	- -
+ (Inc) Dec in Inventories	1	1	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-1	- -	- -	- -	- -	1	- -
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	- -	- -	- -	- -	- -	- -
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	- -	- -	- -	- -
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	- -	- -	- -	- -
+ Cash From Debt	- -	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	-1	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1	- -	- -	- -	- -	- -	- -
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-1	- -	- -	- -	- -	- -	- -
EBITDA	-2	-2	-1	- -	- -	- -	- -
EBITDA Margin (%)	-23.7	-21.19	-18.94	1.56	4.21	2.26	1.79
Free Cash Flow	- -	- -	- -	- -	- -	- -	- -
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	0.05	-0.22	-0.26	0.23	0.23	0.09	-0.05
Price/Free Cash Flow	- -	-0.37	-0.06	0.08	1.61	0.48	15.86
Cash Flow to Net Income	-0.08	0.08	0.22	38.09	2.01	2.02	0.26
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -