SOFTECH INC company info

CIK 354260
IRS Number 042453033
State of incorporation MA
Business address 650 SUFFOLK STREET
SUITE 415
LOWELL
MA
01851
Mail address 650 SUFFOLK STREET
SUITE 415
LOWELL
MA
01851

Short summary

SOFTECH INC is a Massachusetts company, with head office located at 650 Suffolk Street Lowell, Massachusetts 01851. In 2016 the company owned a total of 2.58 million USD worth of assets, including 1.03 million USD worth of current assets. 2013 was the year when the company amassed the most assets.

SOFTECH INC Income Statement

Name [in Millions USD]20092010201120122013201420152016Trends
Gross Profit 0.010.010.003.442.252.65
Selling, General and Administrative Expense 0.000.000.003.472.482.56
Research and development 0.000.000.001.170.890.63
Operating Income (Loss) -0.000.000.00-0.53-1.04-0.58
Interest expense 0.000.000.000.250.170.10
Other Nonoperating Income (Expense) -0.000.00-0.00
Income Tax Expense (Benefit) 0.000.000.000.000.000.00
Net income -0.000.000.00-0.75-1.32-0.67

SOFTECH INC Balance Sheet

Name [in Millions USD]20092010201120122013201420152016Trends
Cash and cash equivalents 0.000.000.601.191.210.310.180.35
Accounts Receivable, Net, Current 0.000.000.000.670.590.480.37
Deferred income taxes 000
Property, Plant and Equipment, Gross 0.000.001.160.68
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -0.00-0.001.080.63
Goodwill 0.000.000.000.950.950.950
Total assets 0.010.010.014.723.293.122.58
Current assets 0.000.000.002.771.460.991.03
Accounts payable 0.000.000.000.480.140.180.32
Total current liabilities 0.000.000.003.542.622.961.04
Long-term Debt, Excluding Current Maturities 0.000.000.000.970.15
Long-term Debt 0.000.0000.20
Deferred Revenue, Noncurrent 00.00
Total liabilities 0.010.010.013.592.663.001.06
Common Stock, Value, Issued 0.000.000.000.080.070.070.07
Retained Earnings (Accumulated Deficit) -0.03-0.03-0.03-26.08-27.40-28.07-25.68
Accumulated Other Comprehensive Income (Loss), Net of Tax -0.00-0.00-0.42-0.48-0.28-0.28-0.23

SOFTECH INC Cash Flow

Name [in Millions USD]20092010201120122013201420152016Trends
Net income -0.000.000.00-0.75-1.32-0.67
Depreciation and amortization 0.040.04
Depreciation and amortization 0.000.000.000.290.280.07
Deferred Income Tax Expense (Benefit) 0000
Accounts receivable 0.000.00-0.000.230.090.11
Deferred revenue -0.00-0.00-0.00-0.080.27-0.20
Net Cash Provided by (Used in) Operating Activities 0.000.000.00-0.55-1.29-0.36
Payments to Acquire Property, Plant, and Equipment -0.00-0.000.03
Payments to Acquire Productive Assets -0.00-0.000.00-0.04-0.00-0.02
Payments to Acquire Intangible Assets -0.00-0.000-0.030
Net Cash Provided by (Used in) Investing Activities 0.00-0.00-0.002.330.36-0.26
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 00.000.020.12
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 00.000.020.12
Proceeds from Issuance of Common Stock 0.00-0.00000.820.05
Payments for Repurchase of Common Stock -0.06-0.040
Net Cash Provided by (Used in) Financing Activities 0.00-0.000.00-1.83-0.060.49
Cash and Cash Equivalents, Period Increase (Decrease) 0.00-0.000.00-0.08-0.90-0.14