Coro Global (CGLO)

Hash Labs Inc. is a Nevada corporation that was originally formed on November 1, 2005 when Bio-Solutions International Inc. (“Bio-Solutions”) entered into an Agreement and Plan of Merger with OmniMed Acquisition Corp., a Nevada corporation and a wholly-owned subsidiary of Bio-Solutions, OmniMed International Inc. (“OmniMed”) and the shareholders of OmniMed. On January 17, 2006, OmniMed changed its name to MedeFile International Inc. The Company’s business following the closing of this agreement was the sale of an Internet-enabled Personal Health Record (iPHR) system for gathering, digitizing, maintaining, accessing and sharing an individual’s medical records, and in connection therewith, providing a professional service specializing in HIPAA compliant retrieval, reproduction and release of information. Under this service, Company personnel went onsite to physicians’ offices weekly to reproduce the records requested by third parties.

Company profile

Ticker

CGLO

Exchange

OTC

Website

www.hashlabs.net

CEO

J. Mark Goode

Incorporated

Nevada

Location

Florida

Fiscal year end

Dec 31

Sector

Technology Services > Other Technology

Industry (SIC)

Services - Prepackaged Software

Microsoft • Oracle • NortonLifeLock • BlackBerry • Activision Blizzard • Vmware • Adobe • Ceridian HCM Holding • McAfee • Full Truck Alliance ...

Former names

BIO SOLUTIONS INTERNATIONAL INC, Hash Labs Inc., Medefile International, Inc., OMNIMED INTERNATIONAL, INC., SEPTIMA ENTERPRISES INC, Tech Town Holdings Inc.

SEC CIK

0000842013

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Coro Corp. ...

IRS number

850368333

CGLO stock data

1M 1Y 5Y

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

23 Aug 21

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart CGLO financial data

Quarter (USD)	Jun 21	Mar 21	Dec 20	Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	881.13K	881.13K	881.13K	881.13K	881.13K	881.13K
Cash burn (monthly)	255.25K	16.48K	272.9K	377.99K	255.25K	261.52K
Cash used (since last report)	3.46M	223.7K	3.7M	5.13M	3.46M	3.55M
Cash remaining	-2.58M	657.43K	-2.82M	-4.25M	-2.58M	-2.67M
Runway (months of cash)	-10.1	39.9	-10.3	-11.2	-10.1	-10.2

Beta Read what these cash burn values mean

Financial data from Coro Global earnings reports.

Institutional ownership, Q2 2021

CGLO institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	0	1	EXIT
Opened positions	0	0
Closed positions	1	0	NEW
Increased positions	0	1	EXIT
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	0	1K	EXIT
Total shares	0	330	EXIT
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change

Largest transactions	Shares	Bought/sold	Change
IFP Advisors	0	-330	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

PayPal

Management Discussion

In August 2020 the Company successfully launched the Coro mobile payment application on a commercial basis. The Coro app is available for users to download in the Apple Store and Google Play. The Company generated nominal transaction revenues of $694 during the year ended December 31, 2020.
Selling, general and administrative expenses for the year ended December 31, 2020 were $4,269,390, an increase of $433,842 or approximately 10% compared to selling, general and administrative expenses of $3,835,548 for the year ended December 31, 2019. The increase in expense was mainly attributable to higher legal, professional and consulting fees during the year ended December 31, 2020. In addition, during the year ended December 31, 2020 the Company incurred advertising costs of $295,538 compared to $8,994 for the year ended December 31, 2019, as the Company prepared to launch its CORO product. This was partially offset by a decrease in stock compensation due to consulting fees of $1,300,163 to $1,417,128 for the year ended December 31, 2020 from stock compensation expense of $2,717,291 for the year ended December 31, 2019.
Development expenses for the year ended December 31, 2020 were $1,084,705 compared to $997,620 for the year ended December 31, 2019. We incurred higher development expenses, including fees paid to vendors, for our CORO product during the year ended December 31, 2020 compared to the year ended December 31, 2019 as we expanded development of our CORO product.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: accelerated, assurance, chapter, check, complying, electronically, filer, Identification, Interactive, issuer, jurisdiction, Mine, Naupari, Page, par, past, practicable, preceding, Qualitative, Quantitative, registered, Regulation, revised, Rudolph, Safety, shell, shorter, Unregistered, Washington

Removed: accounted, amortization, anniversary, arrangement, authorized, Certificate, classified, condensed, created, depending, Designation, Dino, earned, establish, granted, increased, instrument, intellectual, launch, meeting, ownership, percentage, preferred, reclassification, referred, relationship, rendered, requisite, Secretary, settlement, sharing

From filing 10-Q 2021 Q2

Financial reports

View all

Notice of late quarterly filing

16 Aug 21

10-Q

2021 Q1