Verus International, Inc. financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

7/31/2019
TTM
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 29280149308201,304
Cash and cash equivalents 29280149308201,304
Receivables 1,246822266811876
Inventory, net of allowances, customer advances and progress billings 91341   
Inventory 91341    
Prepaid expense 1233330
Other current assets 917    
Other undisclosed current assets    88 5
Total current assets: 1,3861,4641794671421,385
Noncurrent Assets
Property, plant and equipment 16 10354656
Intangible assets, net (including goodwill)     3,7014,255
Intangible assets, net (excluding goodwill)     3,7014,255
Other undisclosed noncurrent assets     131 
Total noncurrent assets: 16 10353,8784,311
TOTAL ASSETS: 1,4021,4641895014,0205,696
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 6431,2547587441,8801,257
Accounts payable   503341281 
Accrued liabilities    230227 
Employee-related liabilities   250173457 
Interest and dividends payable 257     
Other undisclosed accounts payable and accrued liabilities 3861,2545 9151,257
Debt 5309751,215220230471
Derivative instruments and hedges, liabilities    629305 
Due to related parties 3333    
Deferred revenue and credits 17264631
Other undisclosed current liabilities 1,754  (0)  
Total current liabilities: 2,9602,2621,9901,6192,4611,760
Noncurrent Liabilities
Long-term debt and lease obligation    6903 
Long-term debt, excluding current maturities    6903 
Total noncurrent liabilities:    6903 
Total liabilities: 2,9602,2621,9902,3092,4641,760
Stockholders' equity
Stockholders' equity attributable to parent, including: (1,558)(799)(1,615)(1,808)1,5563,937
Common stock 1,5002491561348549
Common stock, share subscribed but unissued, subscriptions receivable      (14)
Additional paid in capital 22,54622,40919,94019,04816,61114,179
Accumulated other comprehensive income (loss)  (53)(64)(61)40(19)
Accumulated deficit (26,105)(23,404)(21,692)(20,796)(15,377)(10,380)
Other undisclosed stockholders' equity attributable to parent 501046(132)197121
Stockholders' equity attributable to noncontrolling interest   (186)(179)  
Other undisclosed stockholders' equity   0179  
Total stockholders' equity: (1,558)(799)(1,801)(1,808)1,5563,937
TOTAL LIABILITIES AND EQUITY: 1,4021,4641895014,0205,696

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

7/31/2019
TTM
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
Revenues 5,8023,2748691,2311,0911,146
Revenue, net3,2748691,2311,0911,146
Cost of revenue (5,053)(2,656)(207)(474)(415)(60)
Cost of goods and services sold  (2,656)    
Gross profit: 7496186617576761,085
Operating expenses (1,659)(1,897)(1,133)(6,828)(5,230)(4,791)
Other undisclosed operating income (loss)  0 (0)  
Operating loss: (910)(1,279)(472)(6,071)(4,554)(3,706)
Nonoperating income (expense) (2,173)0(435)(615)(51)(58)
Investment income, nonoperating    (256)  
Debt instrument, convertible, beneficial conversion feature     80440
Other nonoperating income (expense)    (26)176(1)
Interest and debt expense 300146202302(4)(58)
Loss from continuing operations before equity method investments, income taxes: (2,784)(1,132)(705)(6,384)(4,609)(3,822)
Other undisclosed loss from continuing operations before income taxes (300)     
Loss from continuing operations before income taxes: (3,083)(1,132)(705)(6,384)(4,609)(3,822)
Income tax benefit     1,801 
Loss from continuing operations: (3,083)(1,132)(705)(6,384)(2,808)(3,822)
Income from discontinued operations 259     
Loss before gain (loss) on sale of properties: (2,824)(1,132)(705)(6,384)(2,808)(3,822)
Other undisclosed net loss  (146)(202)(302)  
Net loss: (2,824)(1,278)(907)(6,686)(2,808)(3,822)
Net income attributable to noncontrolling interest   86,353  
Other undisclosed net income (loss) attributable to parent    (6,021)(1,797)58
Net loss attributable to parent: (2,824)(1,278)(899)(6,353)(4,605)(3,764)
Preferred stock dividends and other adjustments    (240)(392)(524)
Net loss available to common stockholders, diluted: (2,824)(1,278)(899)(6,593)(4,997)(4,288)

Comprehensive Income ($ in thousands)

7/31/2019
TTM
10/31/2018
10/31/2017
10/31/2016
10/31/2015
10/31/2014
10/31/2013
Net loss: (2,824)(1,278)(907)(6,686)(2,808)(3,822)
Other comprehensive income (loss) 7310  59(13)
Comprehensive loss: (2,751)(1,268)(907)(6,686)(2,749)(3,835)
Comprehensive income, net of tax, attributable to noncontrolling interest   86,353  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (21)9(6,115)(2,189)(466)
Comprehensive loss, net of tax, attributable to parent: (2,751)(1,289)(890)(6,448)(4,938)(4,301)

Statements sources

The financial statements are based on the company's filings with the 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: