OptimizeRx Corp company info

CIK 1448431
IRS Number 261265381
State of incorporation NV
Business address 400 WATER ST., STE. 200
None
ROCHESTER
MI
48307
Mail address 400 WATER ST., STE. 200
None
ROCHESTER
MI
48307

Short summary

OptimizeRx Corp is a Michigan company, with head office located at 400 Water St., Ste. 200 Rochester, Michigan 48307. The company achieved a record breaking net income last year - 226.34 thousand USD. This is -110.76% higher than one reported in 2017. In 2018 the company owned a total of 25.26 million USD worth of assets, including 15.48 million USD worth of current assets. The company amassed the most assets last year, totalling up to 25.26 million USD.

OptimizeRx Corp Income Statement

Name [in Millions USD]201020112012201320142015201620172018Trends
Revenue, Net 0.071.112.056.218.43
Gross Profit 1.873.193.283.604.345.9512.21
Operating Expenses 1.922.572.332.974.314.205.928.0812.03
Operating Income (Loss) -1.85-1.45-0.450.22-1.03-0.60-1.58-2.130.18
Interest expense -0.110.960.000
Income Tax Expense (Benefit) 00
Net income -2.12-0.450.22-1.03-0.60-1.54-2.100.23

OptimizeRx Corp Balance Sheet

Name [in Millions USD]201020112012201320142015201620172018Trends
Cash and cash equivalents 0.970.530.353.553.657.575.8412.0010.13
Accounts Receivable, Net, Current 0.971.922.112.422.954.90
Property, Plant and Equipment, Gross 0.030.030.030.200.240.25
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -0.01-0.020.020.020.020.03-0.070.10
Goodwill 3.68
Intangible Assets, Net (Excluding Goodwill) 0.820.800.79
Total assets 3.162.422.506.276.9811.0010.4818.6425.26
Current assets 1.721.111.354.865.649.808.5417.7315.48
Total current liabilities 0.861.020.711.482.282.844.012.843.86
Long-term Debt 10
Total liabilities 1.861.303.545.81
Common Stock, Value, Issued 0.010.010.010.020.020.030.030.010.01
Retained Earnings (Accumulated Deficit) -22.65-24.75-24.49-26.06-26.39-27.66-29.50-30.41-30.28

OptimizeRx Corp Cash Flow

Name [in Millions USD]201020112012201320142015201620172018Trends
Net income -2.12-0.450.22-1.03-0.60-1.54-2.100.23
Depreciation and amortization 0.060.150.190.190.260.330.240.320.32
Depreciation 0.000.010.010.010.000.020.050.06
Amortization of Intangible Assets 0.050.06
Accounts receivable -0.21-0.25-0.15-0.950.590.75-0.510.372.79
Accounts payable 0.000.30-0.280.130.010.01-0.210.09-0.08
Deferred revenue 0.230.10-0.28-0.05-0.110.110.160.12-0.04
Net Cash Provided by (Used in) Operating Activities -1.31-0.52-0.621.13-0.060.52-0.47-1.480.79
Payments to Acquire Property, Plant, and Equipment -0.000.010.0000.010.000.180.040.03
Payments to Acquire Businesses, Net of Cash Acquired 5.60
Payments to Acquire Intangible Assets 0.160.06
Net Cash Provided by (Used in) Investing Activities -0.23-0.24-0.05-0.30-0.41-0.10-0.35-0.04-5.69
Proceeds from Issuance of Long-term Debt 10
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.010.191.86
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.010.191.86
Proceeds from Issuance of Common Stock 0.01008.804.350.458.16
Payments for Repurchase of Common Stock 0.810.39
Net Cash Provided by (Used in) Financing Activities 2.160.44002.804.35-0.36-0.398.69
Cash and Cash Equivalents, Period Increase (Decrease) 0.62-0.32-0.670.832.334.76-1.17-1.913.79