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 investments | 0 | 0 | 0 | 6 | 8 | 38 | 10 | ||
| Cash and cash equivalents | 0 | 0 | 0 | 6 | 8 | 38 | 10 | ||
| Receivables | 6 | 9 | 3 | ||||||
| Prepaid expense | 0 | 1 | 0 | 8 | |||||
| Other undisclosed current assets | 0 | ||||||||
| Total current assets: | 0 | 0 | 0 | 6 | 15 | 47 | 21 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1 | 1 | 2 | 2 | 3 | 3 | |||
| Other undisclosed noncurrent assets | (2) | (2) | (2) | ||||||
| Total noncurrent assets: | 1 | 1 | 2 | 0 | 1 | 1 | |||
| Other undisclosed assets | 2 | 3 | 3 | ||||||
| TOTAL ASSETS: | 0 | 1 | 1 | 8 | 17 | 50 | 26 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3 | 26 | 23 | 22 | 0 | 9 | 2 | ||
| Other undisclosed accounts payable and accrued liabilities | 3 | 26 | 23 | 22 | 0 | 9 | 2 | ||
| Other undisclosed current liabilities | 2 | 12 | 9 | 7 | 22 | 23 | 28 | ||
| Total current liabilities: | 5 | 38 | 32 | 28 | 22 | 32 | 30 | ||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 5 | 38 | 32 | 28 | 22 | 32 | 30 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (5) | (38) | (31) | (21) | (5) | 18 | (4) | ||
| Common stock | 5 | ||||||||
| Additional paid in capital | 152 | 99 | 99 | 99 | 71 | 67 | 33 | ||
| Accumulated deficit | (162) | (142) | (135) | (125) | (81) | (54) | (43) | ||
| Other undisclosed stockholders' equity attributable to parent | 5 | 5 | 5 | 5 | 5 | 5 | |||
| Total stockholders' equity: | (5) | (38) | (31) | (21) | (5) | 18 | (4) | ||
| TOTAL LIABILITIES AND EQUITY: | 0 | 1 | 1 | 8 | 17 | 50 | 26 | ||
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) | 3 | 5 | 14 | 16 | 20 | 6 | |
| Cost of revenue | 4 | (2) | (2) | (2) | (3) | (4) | (2) | |
| Gross profit: | (27) | 2 | 4 | 12 | 13 | 16 | 4 | |
| Operating expenses | 36 | (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.