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 | 66 | 22 | 372 | 29 | 280 | 149 | |||
Cash and cash equivalents | 66 | 22 | 372 | 29 | 280 | 149 | |||
Receivables | 303 | 5,159 | 3,320 | 1,246 | 822 | 26 | |||
Inventory, net of allowances, customer advances and progress billings | 145 | 60 | 599 | 91 | 341 | ||||
Inventory | 145 | 60 | 599 | 91 | 341 | ||||
Prepaid expense | 217 | 66 | 12 | 3 | 3 | ||||
Disposal group, including discontinued operation | 106 | ||||||||
Other current assets | 16 | 9 | 9 | 9 | 17 | ||||
Total current assets: | 636 | 5,466 | 4,364 | 1,386 | 1,464 | 179 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 199 | 383 | ✕ | ✕ | ✕ | ||||
Property, plant and equipment | 85 | 147 | 23 | 16 | 10 | ||||
Intangible assets, net (including goodwill) | 628 | 838 | |||||||
Intangible assets, net (excluding goodwill) | 628 | 838 | |||||||
Total noncurrent assets: | 284 | 1,159 | 861 | 16 | 10 | ||||
TOTAL ASSETS: | 920 | 6,625 | 5,225 | 1,402 | 1,464 | 189 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities, including: | 638 | 2,731 | 3,614 | 643 | 1,254 | 758 | |||
Interest and dividends payable | ✕ | 369 | 161 | 127 | 257 | ||||
Employee-related liabilities | ✕ | 250 | |||||||
Accounts payable | 503 | ||||||||
Other undisclosed accounts payable and accrued liabilities | 270 | 2,569 | 3,486 | 386 | 1,254 | 5 | |||
Deferred revenue | 180 | ✕ | ✕ | ✕ | |||||
Debt | 530 | 387 | 1,030 | 530 | 975 | 1,215 | |||
Derivative instruments and hedges, liabilities | 471 | ||||||||
Disposal group, including discontinued operation | 227 | ||||||||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 17 | |||
Due to related parties | 222 | 2 | 2 | 33 | 33 | ||||
Other undisclosed current liabilities | 1,995 | 1,678 | 1,506 | 1,754 | |||||
Total current liabilities: | 4,084 | 4,978 | 6,152 | 2,960 | 2,262 | 1,990 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 106 | 249 | |||||||
Long-term debt, excluding current maturities | 35 | ||||||||
Operating lease, liability | 106 | 214 | ✕ | ✕ | ✕ | ||||
Other undisclosed noncurrent liabilities | (106) | (214) | |||||||
Total noncurrent liabilities: | 106 | 249 | |||||||
Total liabilities: | 4,189 | 5,227 | 6,152 | 2,960 | 2,262 | 1,990 | |||
Equity | |||||||||
Equity, attributable to parent, including: | (3,269) | 1,398 | (926) | (1,558) | (799) | (1,615) | |||
Common stock | 0 | 0 | 2 | 1,500 | 249 | 156 | |||
Additional paid in capital | 46,889 | 45,563 | 27,566 | 22,546 | 22,409 | 19,940 | |||
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 | 5 | 0 | 0 | 501 | 0 | 46 | |||
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: | 920 | 6,625 | 5,225 | 1,402 | 1,464 | 189 |
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 | 489 | 21,747 | 13,611 | 5,802 | 3,274 | 869 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 3,274 | 869 | |
Cost of revenue | (207) | (18,380) | (11,546) | (5,053) | (2,656) | (207) | ||
Cost of goods and services sold | (2,656) | |||||||
Gross profit: | 281 | 3,367 | 2,065 | 749 | 618 | 661 | ||
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) | 2,701 | 300 | 146 | 202 | ||
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 | 130 | 3,224 | (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 | 73 | 10 | ||||||
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.