CareView Communications Inc. Files 2023 Annual Report (10-K)

TL;DR

<b>CareView Communications Inc. has filed its 2023 annual report (10-K) detailing its financial performance and business operations.</b>

AI Summary

CareView Communications Inc (CRVW) filed a Annual Report (10-K) with the SEC on March 29, 2024. CareView Communications Inc. filed its 10-K for the fiscal year ending December 31, 2023. The company's fiscal year concluded on December 31, 2023. The filing was submitted on March 29, 2024. CareView Communications Inc. is incorporated in Nevada. The company's primary business is in RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT.

Why It Matters

For investors and stakeholders tracking CareView Communications Inc, this filing contains several important signals. This filing provides a comprehensive overview of CareView's financial health and operational status for the fiscal year 2023, crucial for investors assessing its performance and future prospects. The 10-K report contains detailed financial statements, risk factors, and management discussions that are essential for understanding the company's strategic direction and potential challenges.

Risk Assessment

Risk Level: medium — CareView Communications Inc shows moderate risk based on this filing. The company's financial performance and future outlook are subject to various risks detailed in the 10-K, including market conditions and operational challenges, which could impact its ability to generate revenue and achieve profitability.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess CareView Communications Inc.'s financial stability and growth potential.

Key Numbers

• 2023-12-31 — Fiscal Year End (The end date of the reporting period.)
• 2024-03-29 — Filing Date (The date the 10-K was filed with the SEC.)
• 3663 — SIC Code (Standard Industrial Classification for RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT.)

Key Players & Entities

• CareView Communications Inc. (company) — Filer name
• CRVW (company) — Ticker symbol
• 10-K (document) — Filing type
• 2023-12-31 (date) — Fiscal year end
• 2024-03-29 (date) — Filing date
• NV (location) — State of incorporation
• Lewisville, TX (location) — Business address city and state
• 972-943-6050 (phone) — Business phone number

FAQ

Industry Context

CareView Communications Inc. operates within the RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT industry, a sector focused on the development and manufacturing of communication technologies.

Regulatory Implications

The company is subject to SEC regulations governing public company filings, including the requirement to submit annual reports (10-K) detailing financial and operational information.

What Investors Should Do

1. Analyze the financial statements within the 10-K to understand revenue streams, expenses, and profitability for FY 2023.
2. Review the risk factors section to identify potential challenges and their impact on the company's future operations.
3. Compare key financial metrics from this 10-K with previous filings to assess performance trends.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-29: Filing Date — Date the 10-K was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year ending December 31, 2023, providing a comprehensive update compared to previous quarterly or annual filings.

Key Financial Figures

• $0.001 — ge on Which Registered Common Stock, $0.001 par value per share CRVW OTC Market

Filing Documents

• crvw-10k_123123.htm (10-K) — 1158KB
• ex21.htm (EX-21) — 2KB
• ex31-1.htm (EX-31.1) — 11KB
• ex31-2.htm (EX-31.2) — 11KB
• ex32-1.htm (EX-32.1) — 5KB
• ex32-2.htm (EX-32.2) — 5KB
• 0001999371-24-004190.txt (&nbsp;) — 6283KB
• crvw-20231231.xsd (EX-101.SCH) — 57KB
• crvw-20231231_cal.xml (EX-101.CAL) — 83KB
• crvw-20231231_def.xml (EX-101.DEF) — 213KB
• crvw-20231231_lab.xml (EX-101.LAB) — 425KB
• crvw-20231231_pre.xml (EX-101.PRE) — 338KB
• crvw-10k_123123_htm.xml (XML) — 840KB

BUSINESS

BUSINESS 3 ITEM 1A.

RISK FACTORS

RISK FACTORS 13 ITEM 1B. UNRESOLVED STAFF COMMENTS 13 ITEM 2.

PROPERTIES

PROPERTIES 13 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 13 ITEM 4. MINE SAFETY DISCLOSURES 13 ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 13 ITEM 6. [Reserved] 14 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 15 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 21 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 21 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 21 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 21 ITEM 9B. OTHER INFORMATION 23 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE 23 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 32 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 34 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 36 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 36 ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 37 ITEM 16. FORM 10K SUMMARY 42 2 PART I

BUSINESS

ITEM 1. BUSINESS. Cautionary Note Regarding Forward Looking Statements This Annual Report on Form 10-K contains certain statements that are "forward-looking" within the meaning of the federal securities laws. These forward- looking statements and other information are based on our beliefs as well as assumptions made by us using information currently available. The words "anticipate," "believe," "estimate," "expect," "intend," "will," "should" and similar expressions, as they relate to us, are intended to identify forward- looking statements. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties, and assumptions, and are not guarantees of future performance. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended, or using other similar expressions. We are making investors aware that such forward-looking statements, because they relate to future events, are by their very nature subject to many important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements contained in this Annual Report on Form 10-K. Important factors that could cause actual results to differ from our predictions include those discussed under "Risk Factors," "Management's Discussion and Analysis" and "Business." Although we have sought to identify the most significant risks to our business, we cannot predict whether, or to what extent, any of such risks may be realized, nor can there be any assurance that we have identified all possible issues which we might face. In addition, assumptions relating to budgeting, marketing, product development and other management decisions are subjective in many respects and thus susceptible to interpretations and periodic revisions based on actual experience

View Full Filing

View this 10-K filing on SEC EDGAR