Company research
InsPro Technologies Corp
CIK 1309442Updated Sep 24, 2026
Securities
Historical securities (1)
ITCC · NASDAQ · equity · closed Mar 9, 2021Name history
HEALTH BENEFITS DIRECT CORP · through Dec 1, 2010DARWIN RESOURCES CORP. · through Nov 30, 2005
ITCC price & chart
Historical security
This listing closed Mar 9, 2021. Live provider charts are shown only for current listings.
In the news
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Recent filings
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Financials
FY 2019 · USDSource
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balance sheet · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 8,565,280Source | 9,160,667Source | 7,195,703Source | 6,272,989Source |
| Property, Plant and Equipment, NetUSD | 1,514,055Source | 594,767Source | 269,994Source | 512,960Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,259,775Source | 5,100,660Source | 5,017,539Source | 3,161,617Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,469,082Source | 3,146,597Source | 1,543,389Source | 2,333,817Source |
| Assets, CurrentUSD | 6,212,471Source | 8,565,900Source | 6,925,709Source | 5,760,029Source |
| Operating Lease, Right-of-Use AssetUSD | 702,867Source | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 6,884,717Source | 6,291,620Source | 6,811,210Source | 10,062,049Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 41,673Source | 41,673Source | 41,543Source | 41,543Source |
| Additional Paid in CapitalUSD | 65,377,611Source | 65,371,361Source | 65,365,386Source | 48,268,968Source |
| Retained Earnings (Accumulated Deficit)USD | -63,746,554Source | -62,551,819Source | -65,030,274Source | -66,652,694Source |
| Stockholders' Equity Attributable to ParentUSD | 1,680,562Source | 2,869,047Source | 384,493Source | -3,789,060Source |
| Liabilities and EquityUSD | 8,565,280Source | 9,160,667Source | 7,195,703Source | 6,272,989Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 5,933,433Source | 5,266,061Source | 5,736,349Source | 8,408,910Source |
| Operating Lease, Liability, CurrentUSD | 326,270Source | — | — | — |
| Accounts Payable, CurrentUSD | 1,134,580Source | 1,213,758Source | 1,484,704Source | 5,460,035Source |
| Operating Lease, Liability, NoncurrentUSD | 376,597Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 327,799Source | 905,531Source | 1,126,596Source | 436,516Source |
| Deferred Revenue, CurrentUSD | — | — | 2,765,401Source | 2,285,140Source |
| Deferred Revenue, NoncurrentUSD | — | — | 1,000,000Source | 1,500,000Source |
cash flow · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -1,194,735Source | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 6,250Source | 6,099Source | 144,948Source | 222,142Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -1,677,515Source | 1,603,208Source | -790,428Source | -1,625,620Source |
| Increase (Decrease) in Accounts PayableUSD | -79,178Source | -270,946Source | -3,975,331Source | 49,889Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 229,489Source | 705,602Source | -240,880Source | 175,243Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -216,839Source | -353,982Source | -20,065Source | -34,351Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 216,839Source | 353,982Source | 25,445Source | 34,351Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -853,535Source | -268,499Source | 2,116,867Source | -377,568Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 4,259,775Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 129,247Source | 30,722Source | — | — |
| Income Taxes Paid, NetUSD | 141,000Source | 173,000Source | — | — |
| Additional Financial Items | ||||
| DepreciationUSD | 664,640Source | 258,177Source | 348,914Source | 501,463Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | 5,380Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 5,380Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 1,600,188Source | -2,738,092Source |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | 22,232Source | 70,155Source |
| Income Tax Expense (Benefit)USD | 0Source | 131,000Source | 167,670Source | — |
| Net Income (Loss) Attributable to ParentUSD | -1,194,735Source | 2,478,455Source | 1,622,420Source | -2,667,937Source |
| Nonoperating Income (Expense)USD | -129,247Source | -30,722Source | -18,260Source | -25,249Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 14,892,216Source | 21,634,355Source | — | — |
income statement · annual statements
| Line item | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 21,694,921Source | 21,830,928Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 4,682,497Source | 4,926,892Source | 6,065,980Source | 5,473,566Source |
| Operating Income (Loss)USD | -1,065,488Source | 2,640,177Source | 1,786,118Source | -2,712,843Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -1,194,735Source | 2,609,455Source | — | — |
| Income Tax Expense (Benefit)USD | 0Source | 131,000Source | 167,670Source | — |
| Net Income (Loss) Attributable to ParentUSD | -1,194,735Source | 2,478,455Source | 1,622,420Source | -2,667,937Source |
| Earnings Per Share, BasicUSD per share | -0.03Source | 0.06Source | 0.04Source | — |
| Earnings Per Share, DilutedUSD per share | -0.03Source | 0.01Source | 0.01Source | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 41,673,655Source | 41,673,655Source | 41,543,655Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 41,673,655Source | 198,306,395Source | 189,895,315Source | — |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | -6,716Source | 131,000Source | 170,000Source | — |
| Gross ProfitUSD | 3,617,009Source | 7,567,069Source | 7,852,098Source | 2,760,723Source |
| Income (Loss) Attributable to Parent, before TaxUSD | — | — | 1,767,858Source | — |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | 1,600,188Source | -2,738,092Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 0.01Source | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | 22,232Source | 70,155Source |
| Interest ExpenseUSD | 129,247Source | 30,722Source | 23,640Source | 25,249Source |
| Labor and Related ExpenseUSD | 2,456,544Source | 3,223,286Source | 3,986,164Source | 3,337,346Source |
| Marketing and Advertising ExpenseUSD | 21,965Source | 70,961Source | 35,127Source | 140,552Source |
| Nonoperating Income (Expense)USD | -129,247Source | -30,722Source | -18,260Source | -25,249Source |
| Other Cost of Operating RevenueUSD | 287,205Source | 376,410Source | 308,376Source | 407,261Source |
| Other General and Administrative ExpenseUSD | 877,918Source | 942,487Source | 878,341Source | 762,666Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 14,892,216Source | 21,634,355Source | — | — |