Security
CHARLES & COLVARD LTD COM NEW · CTHRQ
CTHRQOTCCommon stockCurrentCIK 1015155Updated Oct 6, 2026
Name history
C3 INC /NC/ · through Mar 27, 2000
CTHRQ price & chart
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OTC:CTHRQ on TradingView ↗About the company
Charles & Colvard, Ltd. (OTC: CTHR) believes that fine jewelry should be as ethical as it is exquisite. Charles & Colvard is the original creator of lab-grown moissanite (a rare gemstone formed from silicon carbide). The Company brings revolutionary gems and fine jewelry to market by using exclusively Made, not Mined TM above-ground gemstones and a dedication to 100% recycled precious metals. The Company’s Forever One™ moissanite and Caydia ® lab-grown diamond brands provide exceptional quality, incredible value, and a conscious approach to bridal, high-fashion, and everyday jewelry. Charles & Colvard was founded in 1995 and is based in North Carolina's Research Triangle Park region. For more information, please visit charlesandcolvard.com.
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Recent filings
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Termination of a Material Definitive Agreement · Completion of Acquisition or Disposition of Assets
Items 1.02, 2.01, 9.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Show 5 more recent filings
SD filing
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Other Events
Items 1.01, 5.02, 8.01
Entry into a Material Definitive Agreement
Items 1.01, 9.01
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Items 1.01, 2.03, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Items 5.02, 5.03, 9.01
Financials
FY 2024 · USDSource
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balance sheet · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 40,980,241Source | 48,884,088Source | 69,208,855Source | 64,921,999Source |
| Property, Plant and Equipment, NetUSD | 2,761,618Source | 2,491,569Source | 1,901,176Source | 875,897Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 4,137,055Source | 10,446,532Source | 15,668,361Source | 21,302,317Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 844,747Source | 380,085Source | 2,220,816Source | 1,662,074Source |
| Inventory, NetUSD | 7,507,303Source | 7,476,046Source | 11,024,276Source | 11,450,141Source |
| Assets, CurrentUSD | 18,819,044Source | 24,576,396Source | 35,864,444Source | 35,761,231Source |
| Prepaid Expense and Other Assets, CurrentUSD | 751,476Source | 901,354Source | 1,190,012Source | 952,065Source |
| Operating Lease, Right-of-Use AssetUSD | 1,556,653Source | 2,183,232Source | 2,787,419Source | 3,952,146Source |
| Other Assets, NoncurrentUSD | 49,658Source | 49,658Source | 49,658Source | 49,658Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 15,330,868Source | 9,109,502Source | 9,651,088Source | 9,232,983Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 67,233,259Source | 57,242,211Source | 57,242,211Source | 56,057,109Source |
| Retained Earnings (Accumulated Deficit)USD | -57,546,522Source | -43,183,565Source | -23,602,771Source | -25,976,686Source |
| Stockholders' Equity Attributable to ParentUSD | 25,649,373Source | 39,774,586Source | 59,557,767Source | 55,689,016Source |
| Additional Paid in Capital, Common StockUSD | 16,452,615Source | 26,205,919Source | 25,956,491Source | 25,608,593Source |
| Liabilities and EquityUSD | 40,980,241Source | 48,884,088Source | 69,208,855Source | 64,921,999Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 14,129,146Source | 7,061,760Source | 6,804,283Source | 5,622,263Source |
| Operating Lease, Liability, CurrentUSD | 904,330Source | 880,126Source | 856,571Source | 566,083Source |
| Accounts Payable, CurrentUSD | 8,274,284Source | 4,786,155Source | 4,401,229Source | 2,774,373Source |
| Operating Lease, Liability, NoncurrentUSD | 1,201,722Source | 2,047,742Source | 2,846,805Source | 3,600,842Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 2,650,532Source | 1,395,479Source | 1,546,483Source | 2,281,807Source |
| Long-term DebtUSD | — | 0Source | — | — |
cash flow · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 703,366Source | 653,157Source | 479,308Source | 567,122Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 237,744Source | 249,428Source | 774,341Source | 352,583Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 189,660Source | -1,770,227Source | 484,457Source | 955,233Source |
| Increase (Decrease) in InventoriesUSD | -498,806Source | -755,224Source | 4,535,080Source | -1,311,239Source |
| Increase (Decrease) in Accounts PayableUSD | 3,488,129Source | 384,926Source | 1,626,856Source | -973,862Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 5,851,904Source | 498,926Source | -6,350,830Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -7,365,495Source | -3,875,091Source | 572,553Source | 6,473,092Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,037,898Source | -1,283,523Source | -1,560,659Source | -733,465Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 953,580Source | 1,229,571Source | 1,496,471Source | 437,069Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 451,815Source | 38,164Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 2,300,000Source | -451,815Source | 720,495Source | 1,090,090Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -6,103,393Source | -5,610,429Source | -267,611Source | 6,829,717Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 9,465,518Source | 15,568,911Source | 21,179,340Source | 21,446,951Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 26,544Source | — | — | 0Source |
| Income Taxes Paid, NetUSD | 0Source | 5,900Source | 0Source | 14,704Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 20,000Source | 14,000Source | 8,000Source | 7,000Source |
| DepreciationUSD | 683,000Source | 639,000Source | 471,000Source | 560,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | 0Source | -34Source | -603Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | 0Source | 974,328Source |
| General and Administrative ExpenseUSD | 5,777,217Source | 5,023,822Source | 4,948,980Source | 4,441,441Source |
| Income Tax Expense (Benefit)USD | 0Source | 5,902,036Source | 518,532Source | -6,332,421Source |
| InterestExpenseNonoperatingUSD | 57,718Source | — | — | — |
| Inventory Write-downUSD | 1,324,385Source | 6,004,000Source | 195,000Source | 150,000Source |
| Investment Income, InterestUSD | 300,718Source | 297,262Source | 19,277Source | 5,581Source |
| Net Income (Loss) Attributable to ParentUSD | -14,362,957Source | -19,580,794Source | 2,373,915Source | 12,810,766Source |
| Nonoperating Income (Expense)USD | — | 297,262Source | 19,243Source | 970,353Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | — | 0Source | 758,659Source | 1,090,090Source |
| Stock or Unit Option Plan ExpenseUSD | 237,744Source | 225,694Source | 243,576Source | 234,947Source |
income statement · annual statements
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Total RevenueUSD | 21,956,472Source | 29,946,234Source | 43,089,024Source | 39,235,839Source |
| Cost of RevenueUSD | 16,764,099Source | 25,212,383Source | 22,845,702Source | 20,809,690Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -14,605,957Source | -13,976,020Source | 2,873,204Source | 5,507,992Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -14,362,957Source | -13,678,758Source | 2,892,447Source | 6,478,345Source |
| Income Tax Expense (Benefit)USD | 0Source | 5,902,036Source | 518,532Source | -6,332,421Source |
| Net Income (Loss) Attributable to ParentUSD | -14,362,957Source | -19,580,794Source | 2,373,915Source | 12,810,766Source |
| Earnings Per Share, BasicUSD per share | -4.73Source | -0.64Source | 0.08Source | 0.44Source |
| Earnings Per Share, DilutedUSD per share | -4.73Source | -0.64Source | 0.08Source | 0.42Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 3,034,495Source | 30,376,745Source | 30,363,076Source | 29,144,820Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 3,034,495Source | 30,376,745Source | 31,316,028Source | 30,232,567Source |
| Interest Expense (non-operating)USD | 57,718Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 20,000Source | 14,000Source | 8,000Source | 7,000Source |
| Costs and ExpensesUSD | 36,562,429Source | 43,922,254Source | 40,215,820Source | 33,727,847Source |
| Current Income Tax Expense (Benefit)USD | 0Source | 50,132Source | 19,606Source | 18,409Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | 0Source | -34Source | -603Source |
| General and Administrative ExpenseUSD | 5,777,217Source | 5,023,822Source | 4,948,980Source | 4,441,441Source |
| Interest ExpenseUSD | — | — | 0Source | 8,953Source |
| Interest Income (Expense), Nonoperating, NetUSD | 243,000Source | — | — | — |
| Investment Income, InterestUSD | 300,718Source | 297,262Source | 19,277Source | 5,581Source |
| Nonoperating Income (Expense)USD | — | 297,262Source | 19,243Source | 970,353Source |
| Selling and Marketing ExpenseUSD | 12,546,546Source | 13,686,049Source | 12,421,138Source | 8,476,716Source |
Filing attachments
tm2624735d1_ex99-1.htm · 8-K · 2026-09-03
EX-99.1 2 tm2624735d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 UNITED STATES BANKRUPTCY COURT Rev. 5/2026 EASTERN DISTRICT OF NORTH CAROLINA RALEIGH DIVISION IN RE: CHAPTER 11 Charles & Colvard, Ltd. CASE NO: 26-00969-5-DMW DEBTOR ¨ Check if this is an amended filing MONTHLY REPORT OF CORPORATE DEBTOR IN POSSESSION/TRUSTEE DATE PETITION WAS FILED: 3/2/2026 REPORTING PERIOD COVERED: 7/1/2026 - 7/31/2026 I…
Read attachment ↗tm2621670d1_ex99-1.htm · 8-K · 2026-07-30
EX-99.1 2 tm2621670d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 UNITED STATES BANKRUPTCY COURT Rev. 5/2026 EASTERN DISTRICT OF NORTH CAROLINA RALEIGH DIVISION IN RE: CHAPTER 11 Charles & Colvard, Ltd. CASE NO: 26-00969-5-DMW DEBTOR ¨ Check if this is an amended filing MONTHLY REPORT OF CORPORATE DEBTOR IN POSSESSION/TRUSTEE DATE PETITION WAS FILED: 3/2/2026 REPORTING PERIOD COVERED: 6/1/2026 - 6/30/2026 ATT…
Read attachment ↗tm2620775d1_ex99-1.htm · 8-K · 2026-07-17
EX-99.1 2 tm2620775d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 UNITED STATES BANKRUPTCY COURT Rev. 5/2026 EASTERN DISTRICT OF NORTH CAROLINA RALEIGH DIVISION IN RE: CHAPTER 11 Charles & Colvard, Ltd. CASE NO: 26-00969-5-DMW DEBTOR Check if this is an amended filing ────────────────────────────────────────────────── MONTHLY REPORT OF CORPORATE DEBTOR IN POSSESSION/TRUSTEE DATE PETITION WAS FILED: 3/2/2026 REPORTING PERIOD COVERED…
Read attachment ↗tm267752d2_ex99-1.htm · 8-K · 2026-03-04
EX-99.1 2 tm267752d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Charles & Colvard Commences Voluntary Restructuring Process FOR IMMEDIATE RELEASE RESEARCH TRIANGLE PARK, N.C. - March 3, 2026 - Charles & Colvard, Ltd. (OTC: CTHR) (“Charles & Colvard” or the “Company”), a leading producer of lab-grown gemstone jewelry, today announced that it is initiating a comprehensive restructuring of the Company to better position the business for long-term success. To facilitate the process, the Company has…
Read attachment ↗tm2525900d1_ex99-1.htm · 8-K · 2025-09-12
EX-99.1 2 tm2525900d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 170 Southport Drive Morrisville, North Carolina 27560 (919) 468-0399 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON OCTOBER 13, 2025 To the Shareholders of Charles & Colvard, Ltd.: Notice is Hereby Given that the 2025 Annual Meeting of Shareholders of Charles & Colvard, Ltd. (the “Company”) will be held at the principal executive offices of the Company located at 170 Southport Drive, Morrisville, North Carolina 27560, …
Read attachment ↗tm2523635d1_ex99-1.htm · 8-K · 2025-08-15
EX-99.1 2 tm2523635d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION WAKE COUNTY 25CV025268-910 IN RE MATTER OF THE 2025 ANNUAL SHAREHOLDERS' MEETING OF CHARLES & COLVARD LTD. ORDER ON APPL…
Read attachment ↗