Allied Corp. (ALID) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1405 ST. PAUL ST. KELOWNA, BC V1Y 9N2 |
| State of Incorp. | NV |
| Fiscal Year End | August 31 |
| Industry (SIC) | 5961 - Catalog and Mail-Order Houses (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 11/30/2023 MRQ | 8/31/2023 | 11/30/2022 MRQ | 8/31/2022 | 8/31/2021 | 8/31/2020 | 3/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 210 | 96 | 420 | 94 | 0 | ||||
| Cash and cash equivalents | 210 | 96 | 420 | 94 | 0 | ||||
| Inventory, net of allowances, customer advances and progress billings | 108 | 999 | 136 | 53 | |||||
| Inventory | 108 | 999 | 136 | 53 | |||||
| Prepaid expense | 19 | 25 | 278 | 52 | |||||
| Deposits current assets | 26 | ||||||||
| Other undisclosed current assets | 108 | 121 | 83 | ||||||
| Total current assets: | 471 | 1,242 | 916 | 198 | 0 | ||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 109 | 189 | 247 | 375 | ✕ | ||||
| Property, plant and equipment | 1,417 | 1,444 | 268 | ||||||
| Intangible assets, net (including goodwill) | 40 | 45 | 46 | 3,300 | |||||
| Intangible assets, net (excluding goodwill) | 40 | 45 | 46 | 3,300 | |||||
| Deposits noncurrent assets | 26 | ||||||||
| Other undisclosed noncurrent assets | 2,870 | 3,156 | 3,231 | ||||||
| Total noncurrent assets: | 1,593 | 4,548 | 3,717 | 6,906 | |||||
| TOTAL ASSETS: | 2,064 | 5,790 | 4,634 | 7,105 | 0 | ||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,393 | 1,608 | 1,872 | 1,396 | 15 | ||||
| Interest and dividends payable | ✕ | ✕ | ✕ | ✕ | 37 | 26 | |||
| Accounts payable | 15 | ||||||||
| Accrued liabilities | 25 | 9 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 2,369 | 1,599 | 1,835 | 1,370 | |||||
| Debt | 99 | 165 | 222 | 333 | |||||
| Due to related parties | ✕ | ✕ | 384 | 176 | 71 | 45 | |||
| Other undisclosed current liabilities | 6,358 | 4,751 | 3,112 | 1,267 | |||||
| Total current liabilities: | 8,850 | 6,907 | 5,382 | 3,067 | 60 | ||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 222 | 333 | |||||||
| Finance lease, liability | 222 | 333 | ✕ | ||||||
| Liabilities, other than long-term debt | 99 | 165 | |||||||
| Lease deposit liability | 165 | ✕ | |||||||
| Operating lease, liability | 99 | ✕ | |||||||
| Total noncurrent liabilities: | 99 | 165 | 222 | 333 | |||||
| Total liabilities: | 8,948 | 7,072 | 5,605 | 3,400 | 60 | ||||
| Equity | |||||||||
| Equity, attributable to parent, including: | (6,884) | (1,282) | (971) | 3,704 | (60) | ||||
| Common stock | 10 | 9 | 8 | 9 | 13 | ||||
| Common stock, value, subscriptions | 20 | ||||||||
| Additional paid in capital | 39,405 | 33,999 | 18,099 | 12,226 | 12 | ||||
| Accumulated other comprehensive loss | (771) | (898) | (615) | (642) | |||||
| Accumulated deficit | (45,608) | (34,933) | (19,394) | (7,909) | (85) | ||||
| Other undisclosed equity, attributable to parent | 80 | 540 | 931 | ||||||
| Total equity: | (6,884) | (1,282) | (971) | 3,704 | (60) | ||||
| TOTAL LIABILITIES AND EQUITY: | 2,064 | 5,790 | 4,634 | 7,105 | 0 | ||||
Income Statement (P&L) ($ in thousands)
| 11/30/2023 TTM | 8/31/2023 | 11/30/2022 TTM | 8/31/2022 | 8/31/2021 | 8/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 72 | 166 | 13 | |||||
| Other income | 49 | |||||||
| Cost of revenue | (1,534) | (484) | (91) | (635) | ||||
| Cost of goods and services sold | (44) | (484) | (32) | (635) | ||||
| Gross profit: | (1,462) | (484) | 74 | (623) | ||||
| Operating expenses | (8,801) | (4,643) | (14,850) | (7,656) | (3,593) | (23) | ||
| Other undisclosed operating income | 514 | 635 | ||||||
| Operating loss: | (10,263) | (4,613) | (14,776) | (7,644) | (3,593) | (23) | ||
| Nonoperating expense | (412) | (357) | (1,117) | (4,256) | (3,015) | |||
| Gain (loss), foreign currency transaction, before tax | (470) | (465) | 558 | |||||
| Other nonoperating expense | (412) | (357) | (763) | (3,841) | ||||
| Interest and debt expense | (478) | (398) | (467) | (625) | 220 | |||
| Loss from continuing operations before income taxes: | (11,153) | (5,368) | (16,360) | (12,526) | (6,388) | (23) | ||
| Income tax expense | (925) | (1,035) | ||||||
| Loss from continuing operations: | (11,153) | (5,368) | (17,285) | (13,561) | (6,388) | (23) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (5,368) | ✕ | (13,561) | (6,388) | (23) | |
| Other undisclosed net income | 1,747 | 2,076 | ||||||
| Net loss: | (11,153) | (5,368) | (15,539) | (11,485) | (6,388) | (23) | ||
| Other undisclosed net income (loss) attributable to parent | 478 | 398 | (220) | |||||
| Net loss available to common stockholders, diluted: | (10,676) | (4,971) | (15,539) | (11,485) | (6,608) | (23) | ||
Comprehensive Income ($ in thousands)
| 11/30/2023 TTM | 8/31/2023 | 11/30/2022 TTM | 8/31/2022 | 8/31/2021 | 8/31/2020 | 3/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (11,153) | (5,368) | (15,539) | (11,485) | (6,388) | (23) | ||
| Other comprehensive loss | ||||||||
| Comprehensive loss: | (11,153) | (5,368) | (15,539) | (11,485) | (6,388) | (23) | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 605 | 195 | ||||||
| Comprehensive loss, net of tax, attributable to parent: | (10,548) | (5,174) | (15,539) | (11,485) | (6,388) | (23) | ||
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.