Infinity Augmented Reality Inc (ALSO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
228 PARK AVE. S #61130 NEW YORK, NY 10003 |
| State of Incorp. | NV |
| Fiscal Year End | August 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 5/31/2015 MRQ | 8/31/2014 | 8/31/2013 | 8/31/2012 | |||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current Assets | ||||||
| Cash, cash equivalents, and short-term investments | 875,438 | 431,760 | 233,050 | |||
| Cash and cash equivalents | 875,438 | 431,760 | 233,050 | |||
| Receivables | 50,000 | |||||
| Prepaid expense | 21,355 | ✕ | ||||
| Deferred rent asset | 22,201 | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | 15,192 | ||
| Other undisclosed current assets | 178,394 | 4,311,811 | ||||
| Total current assets: | 1,053,832 | 503,115 | 4,582,254 | |||
| Noncurrent Assets | ||||||
| Property, plant and equipment | 84,885 | 126,108 | 66,129 | |||
| Assets of disposal group, including discontinued operation | ✕ | ✕ | 145,781 | |||
| Deferred tax assets, net | 911,314 | |||||
| Other undisclosed noncurrent assets | 50,000 | 86,272 | 63,812,498 | |||
| Total noncurrent assets: | 134,885 | 358,161 | 64,789,941 | |||
| TOTAL ASSETS: | 1,188,717 | 861,276 | 69,372,195 | |||
| LIABILITIES AND EQUITY | ||||||
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts payable and accrued liabilities, including: | 191,046 | 371,598 | 441,297 | |||
| Interest and dividends payable | 54,871 | |||||
| Other undisclosed accounts payable and accrued liabilities | 136,175 | 371,598 | 441,297 | |||
| Debt | 59,450,000 | |||||
| Disposal group, including discontinued operation | 27,835 | 775,000 | ||||
| Other undisclosed current liabilities | 54,871 | 3,906 | 626,710 | |||
| Total current liabilities: | 273,752 | 1,150,504 | 60,518,007 | |||
| Noncurrent Liabilities | ||||||
| Long-term debt and lease obligation | 3,291,930 | 128,327 | ||||
| Long-term debt, excluding current maturities | 3,291,930 | 128,327 | ||||
| Liabilities, other than long-term debt | 4,292,379 | |||||
| Deferred revenue and credits | 49,335 | |||||
| Deferred tax liabilities, net | 4,243,044 | |||||
| Total noncurrent liabilities: | 3,291,930 | 128,327 | 4,292,379 | |||
| Total liabilities: | 3,565,682 | 1,278,831 | 64,810,386 | |||
| Equity | ||||||
| Equity, attributable to parent | (2,376,965) | (417,555) | 4,561,809 | |||
| Common stock | 953 | 936 | 925 | |||
| Treasury stock, value | (49,766) | (49,766) | (44,121) | |||
| Additional paid in capital | 63,866,965 | 57,938,675 | 51,486,890 | |||
| Accumulated other comprehensive loss | (14,551) | (1,422) | ||||
| Accumulated deficit | (66,180,566) | (58,305,978) | (46,881,885) | |||
| Total equity: | (2,376,965) | (417,555) | 4,561,809 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,188,717 | 861,276 | 69,372,195 | |||
Income Statement (P&L) (USD)
| 5/31/2015 TTM | 8/31/2014 | 8/31/2013 | 8/31/2012 | ||
|---|---|---|---|---|---|
| Operating expenses | (6,525,239) | (6,840,198) | (2,319,355) | ||
| Operating loss: | (6,525,239) | (6,840,198) | (2,319,355) | ||
| Nonoperating income (expense) | 1,216,570 | (7,136) | |||
| Loss, foreign currency transaction, before tax | (7,136) | ||||
| Debt instrument, convertible, beneficial conversion feature | 1,216,570 | ||||
| Loss from continuing operations before equity method investments, income taxes: | (5,308,669) | (6,847,334) | (2,319,355) | ||
| Other undisclosed loss from continuing operations before income taxes | (2,008,854) | (67,667) | (36,767,841) | ||
| Loss from continuing operations before income taxes: | (7,317,523) | (6,915,001) | (39,087,196) | ||
| Income tax expense (benefit) | (190,652) | 16,640,912 | |||
| Loss from continuing operations: | (7,317,523) | (7,105,653) | (22,446,284) | ||
| Loss before gain (loss) on sale of properties: | (7,874,588) | (7,105,653) | (22,446,284) | ||
| Loss from discontinued operations | (557,065) | ||||
| Net loss: | (7,874,588) | (7,105,653) | (22,446,284) | ||
| Other undisclosed net loss attributable to parent | (4,318,440) | ||||
| Net loss attributable to parent: | (7,874,588) | (11,424,093) | (22,446,284) | ||
| Other undisclosed net loss available to common stockholders, basic | (5,513,285) | ||||
| Net loss available to common stockholders, diluted: | (7,874,588) | (11,424,093) | (27,959,569) | ||
Comprehensive Income (USD)
| 5/31/2015 TTM | 8/31/2014 | 8/31/2013 | 8/31/2012 | ||
|---|---|---|---|---|---|
| Net loss: | (7,874,588) | (7,105,653) | (22,446,284) | ||
| Comprehensive loss: | (7,874,588) | (7,105,653) | (22,446,284) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (13,129) | (4,319,862) | |||
| Comprehensive loss, net of tax, attributable to parent: | (7,887,717) | (11,425,515) | (22,446,284) | ||
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.