Startech Labs, Inc. (LAAB) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
244 MADISON AVENUE NEW YORK CITY, NY 10016-2817 |
| State of Incorp. | NV |
| Fiscal Year End | May 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) (USD)
| 8/31/2024 MRQ | 5/31/2024 | 11/30/2023 MRQ | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Intangible current assets | 400 | ||||||||
| Total current assets: | 400 | ||||||||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | 400 | 400 | 400 | ||||||
| Intangible assets, net (excluding goodwill) | 400 | 400 | 400 | ||||||
| Total noncurrent assets: | 400 | 400 | 400 | ||||||
| TOTAL ASSETS: | 400 | 400 | 400 | 400 | |||||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 2,701 | 6,697 | 3,743 | 3,901 | 3,675 | 4,225 | |||
| Accrued liabilities | 139,791 | 124,975 | 110,159 | 80,609 | 51,058 | 23,986 | |||
| Other undisclosed accounts payable and accrued liabilities | (137,090) | (118,278) | (106,416) | (76,708) | (47,383) | (19,761) | |||
| Debt | 129,402 | 129,402 | 129,402 | 129,402 | 129,402 | (113,670) | |||
| Due to related parties | ✕ | ✕ | ✕ | 33,858 | |||||
| Other undisclosed current liabilities | 241,610 | 213,300 | 175,867 | 80,609 | 55,058 | 251,326 | |||
| Total current liabilities: | 373,713 | 349,399 | 309,012 | 247,770 | 188,135 | 141,881 | |||
| Noncurrent Liabilities | |||||||||
| Total liabilities: | 373,713 | 349,399 | 309,012 | 247,770 | 188,135 | 141,881 | |||
| Equity | |||||||||
| Equity, attributable to parent | (373,713) | (348,999) | (308,612) | (247,370) | (187,735) | (141,881) | |||
| Common stock | 60,647 | 60,647 | 60,647 | 60,648 | 60,648 | 55,148 | |||
| Additional paid in capital | 38,654,623 | 38,654,623 | 38,654,623 | 38,654,622 | 38,654,622 | 38,622,389 | |||
| Accumulated deficit | (39,088,983) | (39,064,269) | (39,023,882) | (38,962,640) | (38,903,005) | (38,819,418) | |||
| Total equity: | (373,713) | (348,999) | (308,612) | (247,370) | (187,735) | (141,881) | |||
| TOTAL LIABILITIES AND EQUITY: | 400 | 400 | 400 | 400 | |||||
Income Statement (P&L) (USD)
| 8/31/2024 TTM | 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Operating expenses | (35,469) | (36,412) | (31,691) | (30,084) | (29,782) | (38,532,289) | ||
| Operating loss: | (35,469) | (36,412) | (31,691) | (30,084) | (29,782) | (38,532,289) | ||
| Nonoperating expense | (29,632) | (29,551) | (29,551) | (29,551) | (53,805) | (23,986) | ||
| Debt instrument, convertible, beneficial conversion feature | 105,924 | |||||||
| Other nonoperating expense | (29,632) | (29,551) | (29,551) | (29,551) | (53,805) | (129,910) | ||
| Interest and debt expense | (29,632) | (29,551) | (29,551) | (29,551) | (27,072) | (23,986) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Loss from continuing operations before equity method investments, income taxes: | (94,733) | (95,514) | (90,793) | (89,186) | (110,659) | (38,580,261) | ||
| Other undisclosed loss from continuing operations before income taxes | (14,816) | |||||||
| Loss from continuing operations before income taxes: | (94,733) | (110,330) | (90,793) | (89,186) | (110,659) | (38,580,261) | ||
| Income tax expense | (125,862) | (69,254) | ||||||
| Other undisclosed loss from continuing operations | ||||||||
| Loss from continuing operations: | (220,595) | (110,330) | (90,793) | (89,186) | (110,659) | (38,649,515) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (89,186) | (110,659) | (38,649,515) | |
| Other undisclosed net income (loss) | 155,494 | (96,548) | (12,684) | |||||
| Net loss: | (65,101) | (206,878) | (90,793) | (89,186) | (110,659) | (38,662,199) | ||
| Net loss attributable to noncontrolling interest | (329,781) | |||||||
| Other undisclosed net income (loss) attributable to parent | 140,915 | 29,551 | 29,551 | 27,072 | 329,781 | |||
| Net loss available to common stockholders, diluted: | (65,101) | (65,963) | (61,242) | (59,635) | (83,587) | (38,662,199) | ||
Comprehensive Income (USD)
| 8/31/2024 TTM | 5/31/2024 | 11/30/2023 TTM | 5/31/2023 | 5/31/2022 | 5/31/2021 | 5/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (65,101) | (206,878) | (90,793) | (89,186) | (110,659) | (38,662,199) | ||
| Comprehensive loss, net of tax, attributable to parent: | (65,101) | (206,878) | (90,793) | (89,186) | (110,659) | (38,662,199) | ||
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.