SUMMIT NETWORKS INC. financial statements (2021 and earlier)

Company profile

Business Address 3A, KINGSWELL COMMERCIAL TOWER
WANCHAI, 00000
State of Incorp. NV
Fiscal Year End July 31
SIC 3231 - Glass Products, Made of Purchased Glass (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2020
Q1
7/31/2020
Q4
4/30/2020
Q3
1/31/2020
Q2
10/31/2019
Q1
7/31/2019
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments242305   1
Cash and cash equivalents242305   1
Receivables 466    
Prepaid expense452   
Other undisclosed current assets (466)    
Total current assets:2463102  1
Noncurrent Assets
TOTAL ASSETS:2463102  1
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:17101464634
Other undisclosed accounts payable and accrued liabilities17101464634
Due to related parties519519168786853
Total current liabilities:53652816912411487
Noncurrent Liabilities
Other undisclosed noncurrent liabilities(246)(310)(45)   
Total noncurrent liabilities:(246)(310)(45)   
Total liabilities:29021812412411487
Stockholders' equity
Stockholders' equity attributable to parent(290)(218)(167)(124)(114)(86)
Common stock646464646161
Additional paid in capital362362362362365365
Accumulated deficit(716)(644)(593)(550)(540)(512)
Other undisclosed stockholders' equity24631045   
Total stockholders' equity:(44)92(122)(124)(114)(86)
TOTAL LIABILITIES AND EQUITY:2463102  1

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

10/31/2020
Q1
7/31/2020
Q4
4/30/2020
Q3
1/31/2020
Q2
10/31/2019
Q1
7/31/2019
Q4
Revenues     349
Operating expenses(72)(51)(43)(10)(27)(85)
Other undisclosed operating income     11
Operating loss:(72)(51)(43)(10)(27)(73)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (349)
Net loss available to common stockholders, diluted:(72)(51)(43)(10)(27)(422)

Comprehensive Income ($ in thousands)

10/31/2020
Q1
7/31/2020
Q4
4/30/2020
Q3
1/31/2020
Q2
10/31/2019
Q1
7/31/2019
Q4
Net loss:(72)(51)(43)(10)(27)(422)
Comprehensive loss, net of tax, attributable to parent:(72)(51)(43)(10)(27)(422)

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.

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