KINETIC GROUP INC (KNIT) financial statements (2021 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)

9/30/2019
Q4
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
3/31/2018
Q2
12/31/2017
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments000683810
Cash and cash equivalents000683810
Receivables    693
Prepaid expense   0108
Other undisclosed current assets    0  
Total current assets:0006154721
Noncurrent Assets
Property, plant and equipment 112233
Other undisclosed noncurrent assets    (2)(2)(2)
Total noncurrent assets: 112011
Other undisclosed assets    233
TOTAL ASSETS:0118175026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3262322092
Other undisclosed accounts payable and accrued liabilities3262322092
Other undisclosed current liabilities21297222328
Total current liabilities:5383228223230
Noncurrent Liabilities
Total liabilities:5383228223230
Stockholders' equity
Stockholders' equity attributable to parent, including:(5)(38)(31)(21)(5)18(4)
Common stock5      
Additional paid in capital152999999716733
Accumulated deficit(162)(142)(135)(125)(81)(54)(43)
Other undisclosed stockholders' equity attributable to parent 555555
Total stockholders' equity:(5)(38)(31)(21)(5)18(4)
TOTAL LIABILITIES AND EQUITY:0118175026

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

9/30/2019
Q4
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
3/31/2018
Q2
12/31/2017
Q1
Revenues(32)351416206
Cost of revenue4(2)(2)(2)(3)(4)(2)
Gross profit:(27)241213164
Operating expenses36(9)(14)(56)(40)(28)(12)
Operating income (loss):9(7)(10)(44)(27)(12)(8)
Net income (loss) available to common stockholders, diluted:9(7)(10)(44)(27)(12)(8)

Comprehensive Income ($ in thousands)

9/30/2019
Q4
3/31/2019
Q2
12/31/2018
Q1
9/30/2018
Q4
6/30/2018
Q3
3/31/2018
Q2
12/31/2017
Q1
Net income (loss):9(7)(10)(44)(27)(12)(8)
Comprehensive income (loss), net of tax, attributable to parent:9(7)(10)(44)(27)(12)(8)

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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