KINETIC GROUP INC (KNIT) financial statements (2022 and earlier)

Company profile

Business Address 12001 RESEARCH PARKWAY, SUITE 236
ORLANDO, FL 32826
State of Incorp. NV
Fiscal Year End September 30
SIC 731 - Advertising (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   0629
Cash and cash equivalents   0629
Receivables     2
Prepaid expense    00
Total current assets:   0630
Noncurrent Assets
Property, plant and equipment    24
Other undisclosed noncurrent assets     (1)
Total noncurrent assets:    22
Other undisclosed assets     4
TOTAL ASSETS:   0836
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1  3228
Other undisclosed accounts payable and accrued liabilities1  3228
Other undisclosed current liabilities   2725
Total current liabilities:1  52833
Noncurrent Liabilities
Total liabilities:1  52833
Stockholders' equity
Stockholders' equity attributable to parent, including:(1)  (5)(21)3
Common stock262435  
Additional paid in capital1741741741529933
Accumulated deficit(201)(198)(177)(162)(125)(35)
Other undisclosed stockholders' equity attributable to parent    55
Total stockholders' equity:(1)  (5)(21)3
TOTAL LIABILITIES AND EQUITY:   0836

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

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues  21105630
Other income  21   
Cost of revenue   (4)(10)(7)
Gross profit:  2164622
Operating expenses(3)(21)(35)(43)(136)(50)
Other undisclosed operating loss  (21)   
Operating loss:(3)(21)(35)(37)(90)(27)
Loss from continuing operations before equity method investments, income taxes:(3)(21)(35)(37)(90)(27)
Other undisclosed income from continuing operations before income taxes  21   
Net loss available to common stockholders, diluted:(3)(21)(15)(37)(90)(27)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
9/30/2021
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net loss:(3)(21)(15)(37)(90)(27)
Comprehensive loss, net of tax, attributable to parent:(3)(21)(15)(37)(90)(27)

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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