Verus International, Inc. (VRUS) Financial Statements (2024 and earlier)

Company Profile

Business Address 9841 WASHINGTONIAN BLVD
GAITHERSBURG, MD 20878
State of Incorp. DE
Fiscal Year End October 31
Industry (SIC) 5141 - Groceries, General Line (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2022
MRQ
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 662237229280149
Cash and cash equivalents 662237229280149
Receivables 3035,1593,3201,24682226
Inventory, net of allowances, customer advances and progress billings 1456059991341 
Inventory 1456059991341 
Prepaid expense  217661233
Disposal group, including discontinued operation 106     
Other current assets 1699917 
Total current assets: 6365,4664,3641,3861,464179
Noncurrent Assets
Operating lease, right-of-use asset 199383 
Property, plant and equipment 851472316 10
Intangible assets, net (including goodwill)  628838   
Intangible assets, net (excluding goodwill)  628838   
Total noncurrent assets: 2841,15986116 10
TOTAL ASSETS: 9206,6255,2251,4021,464189
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 6382,7313,6146431,254758
Interest and dividends payable369161127257  
Employee-related liabilities     250
Accounts payable      503
Other undisclosed accounts payable and accrued liabilities 2702,5693,4863861,2545
Deferred revenue  180 
Debt 5303871,0305309751,215
Derivative instruments and hedges, liabilities 471     
Disposal group, including discontinued operation 227     
Deferred revenue and credits 17
Due to related parties 222223333 
Other undisclosed current liabilities 1,9951,6781,5061,754  
Total current liabilities: 4,0844,9786,1522,9602,2621,990
Noncurrent Liabilities
Long-term debt and lease obligation 106249    
Long-term debt, excluding current maturities  35    
Operating lease, liability 106214 
Other undisclosed noncurrent liabilities (106)(214)    
Total noncurrent liabilities: 106249    
Total liabilities: 4,1895,2276,1522,9602,2621,990
Equity
Equity, attributable to parent, including: (3,269)1,398(926)(1,558)(799)(1,615)
Common stock 0021,500249156
Additional paid in capital 46,88945,56327,56622,54622,40919,940
Accumulated other comprehensive loss     (53)(64)
Accumulated deficit (50,164)(44,165)(28,495)(26,105)(23,404)(21,692)
Other undisclosed equity, attributable to parent 500501046
Equity, attributable to noncontrolling interest      (186)
Other undisclosed equity      0
Total equity: (3,269)1,398(926)(1,558)(799)(1,801)
TOTAL LIABILITIES AND EQUITY: 9206,6255,2251,4021,464189

Income Statement (P&L) ($ in thousands)

7/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Revenues 48921,74713,6115,8023,274869
Revenue, net3,274869
Cost of revenue (207)(18,380)(11,546)(5,053)(2,656)(207)
Cost of goods and services sold     (2,656) 
Gross profit: 2813,3672,065749618661
Operating expenses (1,349)(12,814)(6,182)(1,659)(1,897)(1,133)
Other undisclosed operating income     0 
Operating loss: (1,068)(9,446)(4,117)(910)(1,279)(472)
Nonoperating income (expense) (1,069)(6,224)1,727(2,173)0(435)
Interest and debt expense (130)(3,224)2,701300146202
Income (loss) from continuing operations before equity method investments, income taxes: (2,267)(18,894)311(2,784)(1,132)(705)
Other undisclosed income (loss) from continuing operations before income taxes 1303,224(2,701)(300)  
Loss from continuing operations: (2,137)(15,670)(2,390)(3,083)(1,132)(705)
Loss before gain (loss) on sale of properties:(5,999)(15,670)(2,390)(2,824)(1,132)(705)
Income (loss) from discontinued operations (3,862)  259  
Other undisclosed net loss     (146)(202)
Net loss: (5,999)(15,670)(2,390)(2,824)(1,278)(907)
Net income attributable to noncontrolling interest      8
Net loss available to common stockholders, diluted: (5,999)(15,670)(2,390)(2,824)(1,278)(899)

Comprehensive Income ($ in thousands)

7/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
10/31/2016
Net loss: (5,999)(15,670)(2,390)(2,824)(1,278)(907)
Other comprehensive income    7310 
Comprehensive loss: (5,999)(15,670)(2,390)(2,751)(1,268)(907)
Comprehensive income, net of tax, attributable to noncontrolling interest      8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (21)9
Comprehensive loss, net of tax, attributable to parent: (5,999)(15,670)(2,390)(2,751)(1,289)(890)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: