Healthcare Integrated Technologies Inc. (HITC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1462 RUDDER LANE
KNOXVILLE, TN 37919
State of Incorp. NV
Fiscal Year End July 31
Industry (SIC) 79 - Amusement And Recreation Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2024
MRQ
7/31/2023
7/31/2022
7/31/2021
7/31/2020
7/31/2019
7/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments01117813
Cash and cash equivalents01117813
Receivables     43
Prepaid expense34373847  
Other undisclosed current assets      1
Total current assets:353849125146
Noncurrent Assets
Property, plant and equipment   02183
Intangible assets, net (including goodwill)86968844134 1
Intangible assets, net (excluding goodwill)86968844134 1
Total noncurrent assets:86968844136184
TOTAL ASSETS:9047264901611950
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:15520319222922085
Interest and dividends payable61 52 
Employee-related liabilities 86147279
Accounts payable  120130  61
Accrued liabilities155    6
Other undisclosed accounts payable and accrued liabilities  83 (632)(304)(61)
Deferred revenue     
Debt 175781555621314
Derivative instruments and hedges, liabilities  76108   
Due to related parties268252  183
Other undisclosed current liabilities   1,1521,1331,564442
Total current liabilities:3301,3282,2591,9831,787725
Noncurrent Liabilities
Long-term debt and lease obligation, including:225975 213 
Long-term debt, excluding current maturities225  213 
Other undisclosed long-term debt and lease obligation  975    
Total noncurrent liabilities:225975 213 
Other undisclosed liabilities1,015851    
Total liabilities:1,5703,1542,2592,0041,790725
Equity
Equity, attributable to parent, including:(666)(2,428)(1,769)(1,842)(1,771)(674)
Common stock684240363226
Additional paid in capital14,87811,84011,0399,5658,5826,795
Accumulated deficit(15,612)(14,310)(12,949)(11,444)(10,386)(7,496)
Other undisclosed equity, attributable to parent   100   
Total equity:(666)(2,428)(1,769)(1,842)(1,771)(674)
TOTAL LIABILITIES AND EQUITY:9047264901611950

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

1/31/2024
TTM
7/31/2023
7/31/2022
7/31/2021
7/31/2020
7/31/2019
7/31/2017
Revenues     409
Cost of revenue      (305)
Gross profit:     104
Operating expenses(962)(1,138)(1,275)(1,016)(784)(1,424)
Other operating expense, net      (10)
Operating loss:(962)(1,138)(1,275)(1,016)(784)(1,331)
Nonoperating income (expense)(341)(223)(180)(41)(39) 
Interest and debt expense(417)(448)(228)(41)(39)(13)
Loss from continuing operations before income taxes:(1,720)(1,809)(1,683)(1,097)(862)(1,344)
Income tax expense      (12)
Loss from continuing operations:(1,720)(1,809)(1,683)(1,097)(862)(1,356)
Loss before gain (loss) on sale of properties:(1,809)(1,683)(1,099)(877)(1,356)
Loss from discontinued operations    (2)(16) 
Net loss:(1,720)(1,809)(1,683)(1,099)(877)(1,356)
Other undisclosed net income attributable to parent417448228413925
Net loss available to common stockholders, diluted:(1,302)(1,361)(1,455)(1,058)(839)(1,331)

Comprehensive Income ($ in thousands)

1/31/2024
TTM
7/31/2023
7/31/2022
7/31/2021
7/31/2020
7/31/2019
7/31/2017
Net loss:(1,720)(1,809)(1,683)(1,099)(877)(1,356)
Comprehensive loss, net of tax, attributable to parent:(1,720)(1,809)(1,683)(1,099)(877)(1,356)

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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