Abakan Inc (ABKI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2665 S. BAYSHORE DRIVE MIAMI, FL 33133 |
| State of Incorp. | NV |
| Fiscal Year End | May 31 |
| Industry (SIC) | 347 - Coating, Engraving, And Allied Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 5/31/2015 | 5/31/2014 | 5/31/2013 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 31 | 233 | |||
| Cash and cash equivalents | 31 | 233 | |||
| Receivables | 119 | 110 | |||
| Inventory, net of allowances, customer advances and progress billings | ✕ | ✕ | |||
| Inventory | |||||
| Prepaid expense | 186 | 117 | |||
| Deferred costs | 14 | 16 | |||
| Other undisclosed current assets | (14) | ||||
| Total current assets: | 336 | 476 | |||
| Noncurrent Assets | |||||
| Property, plant and equipment | 5,540 | 5,595 | |||
| Intangible assets, net (including goodwill) | 364 | 364 | |||
| Goodwill | 364 | 364 | |||
| Intangible assets, net (excluding goodwill) | |||||
| Other undisclosed noncurrent assets | 8,444 | 10,205 | |||
| Total noncurrent assets: | 14,348 | 16,164 | |||
| TOTAL ASSETS: | 14,684 | 16,640 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities | 2,205 | 1,268 | |||
| Accounts payable | 1,552 | 891 | |||
| Accrued liabilities | 652 | 377 | |||
| Debt | 4,852 | 994 | |||
| Other undisclosed current liabilities | 1,206 | 437 | |||
| Total current liabilities: | 8,263 | 2,699 | |||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 1,110 | 4,305 | |||
| Long-term debt, excluding current maturities | 1,056 | 4,241 | |||
| Capital lease obligations | 54 | 64 | |||
| Total noncurrent liabilities: | 1,110 | 4,305 | |||
| Total liabilities: | 9,374 | 7,004 | |||
| Equity | |||||
| Equity, attributable to parent | 24,537 | 20,840 | |||
| Common stock | 7 | 6 | |||
| Additional paid in capital | 24,530 | 20,833 | |||
| Accumulated other comprehensive loss | |||||
| Accumulated deficit | |||||
| Equity, attributable to noncontrolling interest | 298 | 2,414 | |||
| Other undisclosed equity | (19,525) | (13,617) | |||
| Total equity: | 5,310 | 9,637 | |||
| TOTAL LIABILITIES AND EQUITY: | 14,684 | 16,640 | |||
Income Statement (P&L) ($ in thousands)
| 5/31/2015 | 5/31/2014 | 5/31/2013 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 854 | 1,847 | ||
| Cost of revenue | (298) | (739) | ||
| Gross profit: | 556 | 1,108 | ||
| Operating expenses | (7,449) | (7,908) | ||
| Operating loss: | (6,893) | (6,800) | ||
| Nonoperating expense (Investment Income, Nonoperating) | (686) | (1,537) | ||
| Interest and debt expense | 310 | 222 | ||
| Loss from continuing operations before equity method investments, income taxes: | (7,269) | (8,115) | ||
| Other undisclosed loss from continuing operations before income taxes | (310) | (222) | ||
| Loss from continuing operations: | (7,579) | (8,337) | ||
| Loss before gain (loss) on sale of properties: | (7,579) | (8,337) | ||
| Net loss: | (7,579) | (8,337) | ||
| Net loss attributable to noncontrolling interest | (1,623) | (1,114) | ||
| Other undisclosed net income attributable to parent | 3,245 | 2,228 | ||
| Net loss available to common stockholders, diluted: | (5,956) | (7,223) | ||
Comprehensive Income ($ in thousands)
| 5/31/2015 | 5/31/2014 | 5/31/2013 | ||
|---|---|---|---|---|
| Net loss: | (7,579) | (8,337) | ||
| Other undisclosed comprehensive income | ||||
| Comprehensive loss: | (7,579) | (8,337) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 1,623 | 1,114 | ||
| Comprehensive loss, net of tax, attributable to parent: | (5,956) | (7,223) | ||
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.