Summit Networks Inc. (SNTW) Financial Statements (2024 and earlier)

Company Profile

Business Address S101-5289 CAMBIE STREET
VANCOUVER, BC V5J 0J5
State of Incorp. NV
Fiscal Year End September 30
Industry (SIC) 4953 - Refuse Systems (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments105,114151,570205,5308,82917,97030,152
Cash and cash equivalents105,114151,570205,5308,82917,97030,152
Prepaid expense 45     
Deposits current assets2,2182,218    
Other undisclosed current assets      
Total current assets:107,377153,788205,5308,82917,97030,152
Noncurrent Assets
Property, plant and equipment     5281,453
Other undisclosed noncurrent assets 3,9482,665    
Total noncurrent assets: 3,9482,665  5281,453
TOTAL ASSETS:111,325156,453205,5308,82918,49831,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:197,091195,789191,768176,167221,433209,433
Other undisclosed accounts payable and accrued liabilities197,091195,789191,768176,167221,433209,433
Debt     579,000579,000
Due to related parties579,000579,000  
Other undisclosed current liabilities601,000601,00025,28516,00034,00028,000
Total current liabilities:798,091796,789796,053771,167834,433816,433
Noncurrent Liabilities
Total liabilities:798,091796,789796,053771,167834,433816,433
Equity
Equity, attributable to parent(686,766)(640,336)(590,523)(762,338)(815,935)(784,828)
Common stock67,14067,05067,05062,05062,05062,050
Additional paid in capital588,867588,867588,867393,867393,867393,867
Accumulated deficit(1,342,773)(1,296,253)(1,246,440)(1,218,255)(1,271,852)(1,240,745)
Total equity:(686,766)(640,336)(590,523)(762,338)(815,935)(784,828)
TOTAL LIABILITIES AND EQUITY:111,325156,453205,5308,82918,49831,605

Income Statement (P&L) (USD)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Operating expenses(47,848)(51,648)(28,185)53,597(31,104)(54,491)
Operating income (loss):(47,848)(51,648)(28,185)53,597(31,104)(54,491)
Nonoperating income
(Other Nonoperating income)
1,3281,835    
Income (loss) from continuing operations:(46,520)(49,813)(28,185)53,597(31,104)(54,491)
Loss before gain (loss) on sale of properties:(31,104)(54,491)
Net income (loss):(46,520)(49,813)(28,185)53,597(31,104)(54,491)
Other undisclosed net loss attributable to parent      (3)
Net income (loss) available to common stockholders, diluted:(46,520)(49,813)(28,185)53,597(31,104)(54,494)

Comprehensive Income (USD)

9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
3/31/2022
Q2
Net income (loss):(46,520)(49,813)(28,185)53,597(31,104)(54,491)
Comprehensive income (loss), net of tax, attributable to parent:(46,520)(49,813)(28,185)53,597(31,104)(54,491)

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.

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