Xcelerate, Inc. (XCRT)
Xcelerate Inc. specializes in sourcing and integrating engineering expertise and patents, which it then applies to nascent medical technology ventures. The firm's offerings are subsequently deployed within regulated clinical settings for rigorous evaluation, validation, and real-world implementation. Beyond this, the company oversees a comprehensive, full-spectrum approach to medical technology creation and deployment. Established in 1996, the Mauldin, South Carolina-based entity was previously known as Union Dental Holdings, Inc. before rebranding as Xcelerate Inc.
Sector: Services-Health Services
Industry: Medical - Care Facilities
Xcelerate Inc.
OTC:XCRTHealthcare · Medical - Care Facilities
-4.77%$0.0244
Mkt Cap$10.64M
Float193.08M
O/S436.82M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$0
Net Income-$1.22M
Total Assets$363K
Free Cash Flow-$379K
Debt & Equity
Total Debt$1.86M
Total Equity-$2.05M
Preferred Stock$12
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in XCRT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$363K
Liabilities$2.41M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 | FY 2012 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2002-12-31 | 2001-12-31 |
| Revenue | $0 | $2.22M | $1.12M | $0 | $0 | $0 | $4.12M | $4M | $4.26M | $2.59M | $2.2M | $2.07M | $1.93M | $0 | $0 |
| YoY Growth | - | 97.8% | - | - | - | - | 3.0% | -6.2% | 64.2% | 18.0% | 6.3% | 7.0% | - | - | - |
| Cost of Revenue | $82K | $1.89M | $828K | $0 | $0 | $0 | $2.96M | $3.03M | $3.15M | $330K | $447K | $488K | $0 | $0 | $0 |
| Gross Profit | -$82K | $334K | $294K | $0 | $0 | $0 | $1.16M | $965K | $1.11M | $2.26M | $1.75M | $1.58M | $1.93M | $0 | $0 |
| Gross Margin | - | 15.0% | 26.2% | - | - | - | 28.1% | 24.1% | 26.1% | 87.3% | 79.7% | 76.4% | 100.0% | - | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $177K | $1.39M | $2.83M | $845K | $289K | $13K | $936K | $942K | $1.04M | $2.84M | $2.58M | $2.18M | $1.86M | $0 | $0 |
| Other | $0 | $0 | $74K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $177K | $1.39M | $2.91M | $845K | $289K | $13K | $936K | $942K | $1.04M | $2.9M | $2.65M | $2.22M | $1.87M | $2K | $4K |
| Operating Income (EBIT) | -$259K | -$1.05M | -$2.61M | -$845K | -$231K | -$13K | $222K | $23K | $75K | -$641K | -$902K | -$638K | $61K | -$2K | -$4K |
| Operating Margin | - | -47.4% | -232.8% | - | - | - | 5.4% | 0.6% | 1.8% | -24.7% | -41.1% | -30.9% | 3.1% | - | - |
| Interest Expense | $0 | $0 | $278K | $0 | $0 | $0 | $181K | $0 | $183K | $128K | $1.42M | $522K | $41K | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $132K | $0 | $2K | $0 | $0 | $13 | $0 | $0 |
| Other Income (Expense) | -$429K | $0 | -$278K | $0 | $4 | $0 | -$181K | -$132K | -$183K | -$243K | -$1.11M | -$274K | -$15K | $0 | $0 |
| Income Before Tax (EBT) | -$688K | -$1.05M | -$2.89M | -$845K | -$231K | -$13K | $41K | -$109K | -$108K | -$884K | -$2.01M | -$912K | $46K | $0 | $0 |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $5 | $5 | -$5 | $0 | $0 | $802K | $56K | $2K | $4K |
| Net Income | -$1.22M | -$689K | -$2.75M | -$845K | -$231K | -$13K | $41K | -$109K | -$108K | -$884K | -$2.01M | -$1.44M | $5K | -$2K | -$4K |
| Net Income Margin | - | -31.0% | -245.1% | - | - | - | 1.0% | -2.7% | -2.5% | -34.1% | -91.6% | -69.7% | 0.3% | - | - |
| Supplementary Data | |||||||||||||||
| EPS | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.01 | -0.05 | -0.05 | 0.00 | -0.03 | -0.08 |
| Diluted EPS | -0.00 | -0.00 | -0.01 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.01 | -0.05 | -0.05 | 0.00 | -0.03 | -0.08 |
| Weighted Average OS | 434.45M | 434.45M | 417.20M | 385.45M | 364.45M | 248.32M | 248.32M | 215.66M | 215.66M | 71.50M | 40.06M | 29.70M | 27.51M | 77,500 | 50,000 |
| EBITDA | -$177K | -$899K | -$2.54M | $0 | $0 | $0 | $355K | $156K | $202K | -$564K | $441K | -$190K | $63K | -$2K | -$4K |
| EBITDA Margin | - | -40.5% | -226.2% | - | - | - | 8.6% | 3.9% | 4.7% | -21.8% | 20.1% | -9.2% | 3.3% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2014 | FY 2013 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2014-12-31 | 2013-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2001-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $363K | $124K | $238K | $19K | $0 | $0 | $0 | $14K | $62K | $13K | $118K | $557K | $42K | $0 | $908 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $327K | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $363K | $124K | $238K | $19K | $0 | $0 | $0 | $14K | $62K | $340K | $118K | $557K | $42K | $0 | $908 |
| Accounts Receivable | $0 | $216K | $186K | $0 | $0 | $0 | $0 | $1M | $922K | $0 | $270K | $311K | $317K | $0 | $0 |
| Inventory | $0 | $435K | $415K | $0 | $0 | $0 | $0 | $433K | $388K | $37K | $40K | $29K | $24K | $0 | $0 |
| Other Current Assets | $0 | $13K | $13K | $0 | $0 | $0 | $0 | $29K | $25K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $363K | $787K | $852K | $19K | $0 | $0 | $0 | $1.48M | $1.4M | $406K | $432K | $902K | $387K | $0 | $908 |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $21K | $0 | $0 | $0 | $0 | $664K | $783K | $164K | $231K | $294K | $49K | $0 | $0 |
| Goodwill | $0 | $429K | $429K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $464K | $617K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $210K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $333K | $146K | $2K | $8K | $142K | $11K | $0 | $0 |
| Total Long-Term Assets | $0 | $893K | $1.07M | $210K | $0 | $0 | $0 | $998K | $929K | $166K | $239K | $436K | $60K | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $363K | $1.68M | $1.92M | $229K | $0 | $0 | $0 | $2.48M | $2.33M | $571K | $672K | $1.34M | $447K | $0 | $908 |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $0 | $801K | $633K | $115K | $58K | $0 | $0 | $237K | $74K | $74K | $81K | $20K | $168K | $0 | $0 |
| Short-Term Debt | $1.86M | $2.09M | $1.42M | $132K | $165K | $20K | $0 | $1.98M | $1.98M | $1.86M | $2.25M | $1.5M | $347K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $59K | $130K | $163K | $65K | $0 | $0 | $0 |
| Other Current Liabilities | $545K | $0 | $0 | $0 | $0 | $0 | $0 | $97K | $99K | $947K | $1.07M | $1.76M | $357K | $0 | $0 |
| Total Current Liabilities | $2.41M | $2.89M | $2.08M | $247K | $224K | $20K | $0 | $2.32M | $2.22M | $3.01M | $3.57M | $3.35M | $872K | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $972K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $972K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.41M | $2.89M | $2.08M | $247K | $224K | $20K | $0 | $2.32M | $2.22M | $3.01M | $3.57M | $3.35M | $1.84M | $0 | $0 |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $12 | $12 | $12 | $12 | $12 | $800 | $800 | $800 | $800 | $300 | $100 | $100 | $100 | $0 | $0 |
| Common Stock | $43K | $43K | $43K | $39K | $39K | $25K | $25K | $25K | $22K | $10K | $5K | $3K | $3K | $3K | $2K |
| Retained Earnings | -$11.72M | -$10.5M | -$9.83M | -$7.08M | -$6.24M | -$5.95M | -$5.85M | -$4.2M | -$4.25M | -$4.72M | -$3.83M | -$1.82M | -$380K | -$6K | -$4K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$2K | -$25K | $0 | -$1.49M | -$1.49M | -$1.49M | -$1.57M | -$1.5M | -$1.54M | $0 | $0 |
| Other Stockholders' Equity | $9.62M | $9.62M | $9.62M | $7.02M | $5.97M | $5.9M | $5.85M | $4.34M | $4.34M | $2.27M | $933K | -$196K | -$1.02M | $0 | $3K |
| Total Equity | -$2.05M | -$835K | -$166K | -$18K | -$224K | -$20K | $25K | $160K | $109K | -$2.44M | -$2.9M | -$2.01M | -$1.4M | -$3K | $908 |
| Minority Interest | $11K | -$374K | $10K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $352K | $2.05M | $1.91M | $229K | $0 | $0 | $25K | $2.48M | $2.33M | $571K | $672K | $1.34M | $447K | -$3K | $908 |
| Supplementary Data | |||||||||||||||
| Total Debt | $1.86M | $2.09M | $1.44M | $132K | $165K | $20K | $0 | $1.98M | $1.98M | $1.86M | $2.25M | $1.5M | $1.32M | $0 | $0 |
| Net Debt | $1.5M | $1.96M | $1.2M | $113K | $165K | $20K | $0 | $1.97M | $1.92M | $1.84M | $2.13M | $943K | $1.28M | $0 | -$908 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2014 | FY 2013 | FY 2012 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2002 | FY 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2002-12-31 | 2001-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | -$688K | -$689K | -$2.75M | -$845K | -$289K | -$13K | $41K | -$109K | -$108K | -$884K | -$2.01M | -$1.44M | $5K | -$2K | $0 |
| Depreciation & Amortization | $82K | $153K | $74K | $845K | $289K | $13K | $133K | $133K | $127K | $77K | $1.34M | $448K | $10K | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $2.06M | $650K | $85K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | $0 | -$30K | -$124K | $0 | $0 | $0 | -$83K | $112K | -$222K | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | -$20K | $86K | $0 | $0 | $0 | -$35K | $0 | $0 | $2K | -$11K | -$5K | $0 | $0 | $0 |
| Accounts Payable | $0 | $169K | $111K | $0 | $0 | $0 | $164K | -$64K | $98K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $90K | -$1K | -$139K | $57K | $58K | $0 | -$265K | -$95K | $45K | -$13K | $204K | -$153K | $0 | $0 | $0 |
| Total Working Capital Change | $90K | $118K | -$66K | $57K | $58K | $0 | -$220K | -$47K | -$79K | -$11K | $193K | -$157K | -$129K | $0 | $0 |
| Other Non-Cash Items | $137K | -$364K | -$29K | -$845K | -$289K | -$13K | $220K | $215K | $377K | $868K | $206K | $625K | $127K | $0 | $0 |
| Net Cash from Operating | -$379K | -$782K | -$713K | -$138K | -$146K | -$13K | -$46K | -$25K | -$60K | $50K | -$271K | -$525K | $12K | -$2K | -$4K |
| Investing Activities | |||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | -$1K | $0 | -$155K | -$1K | -$5K | -$170K | -$13K | $0 | $0 |
| Acquisitions | $250K | $0 | -$356K | -$210K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $250K | $0 | -$356K | -$210K | $0 | $0 | -$1K | $0 | -$155K | -$1K | -$5K | -$170K | -$13K | $0 | $0 |
| Financing Activities | |||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | $5K | - | $223K | $117K | - | $56K | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $400K | $0 | $0 | $0 | $0 | $0 | $70K | $173K | $60K | $0 | $1K | $2K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$385K | $0 | $0 |
| Other Financing Activities | $208K | $0 | $0 | $0 | $146K | $13K | -$363 | $0 | $215K | $0 | $0 | -$84K | $2K | $0 | $3K |
| Net Cash from Financing | $346K | $667K | $1.29M | $367K | $146K | $13K | -$363 | -$5K | $215K | -$153K | -$164K | $1.21M | $26K | $1K | $5K |
| Forex Effect | $146K | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $363K | -$114K | $219K | $19K | $0 | $0 | -$48K | -$29K | $203 | -$104K | -$440K | $515K | $26K | -$908 | $908 |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | -$379K | -$782K | -$713K | -$138K | -$146K | -$13K | -$46K | -$25K | -$60K | $50K | -$271K | -$525K | $12K | -$2K | -$4K |
| Capital Expenditure | $0 | $0 | -$3 | $0 | $0 | $0 | -$1K | $0 | -$155K | -$1K | -$5K | -$170K | -$13K | $0 | $0 |
| Free Cash Flow | -$379K | -$782K | -$713K | -$138K | -$146K | -$13K | -$48K | -$25K | -$215K | $49K | -$276K | -$695K | -$206 | -$2K | -$4K |
| Cash at Beginning | $344 | $238K | $19K | $0 | $0 | $0 | $62K | $91K | $0 | $118K | $557K | $42K | $17K | $908 | $0 |
| Cash at End | $363K | $124K | $238K | $19K | $0 | $0 | $14K | $62K | $203 | $13K | $118K | $557K | $42K | $0 | $908 |