Meganet Corp (MGNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 2510 E. SUNSET RD., UNIT 5-777
LAS VEGAS, NV 89120
State of Incorp. NV
Fiscal Year End March 31
Industry (SIC) 3663 - Radio and Television Broadcasting and Communications Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,62794131131
Cash and cash equivalents1,62794131131
Total current assets:1,62794131131
Noncurrent Assets
Property, plant and equipment 18,10456,510102,938681,805
Total noncurrent assets: 18,10456,510102,938681,805
TOTAL ASSETS:19,73156,604103,069681,936
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,139,767929,077711,871547,863
Employee-related liabilities871,317743,054621,822479,996
Accounts payable190,314186,02390,04967,867
Accrued liabilities78,136   
Due to related parties760,285666,045539,878420,285
Other undisclosed current liabilities  40,000  
Total current liabilities:1,900,0521,635,1221,251,749968,148
Noncurrent Liabilities
Total liabilities:1,900,0521,635,1221,251,749968,148
Equity
Equity, attributable to parent, including:(1,880,321)(1,578,518)(1,148,680)(286,212)
Common stock100,000100,000  
Additional paid in capital2,925,5552,853,1312,793,6282,746,842
Accumulated deficit(4,905,876)(4,531,649)(4,042,308)(3,133,054)
Other undisclosed equity, attributable to parent   100,000100,000
Total equity:(1,880,321)(1,578,518)(1,148,680)(286,212)
TOTAL LIABILITIES AND EQUITY:19,73156,604103,069681,936

Income Statement (P&L) (USD)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues82,62012,32919,48113,117
Cost of revenue  (5,500)(237)(8,674)
Gross profit:82,6206,82919,2444,443
Operating expenses(391,682)(357,374)(881,712)(967,607)
Other operating expense, net  (138,796)  
Other undisclosed operating income  138,796  
Operating loss:(309,062)(350,545)(862,468)(963,164)
Interest and debt expense(72,424)(59,503)(46,786)(36,688)
Loss from continuing operations before equity method investments, income taxes:(381,486)(410,048)(909,254)(999,852)
Other undisclosed income (loss) from continuing operations before income taxes 7,259(79,293)  
Loss from continuing operations:(374,227)(489,341)(909,254)(999,852)
Loss before gain (loss) on sale of properties:(374,227)(489,341)(909,254)(999,852)
Net loss available to common stockholders, diluted:(374,227)(489,341)(909,254)(999,852)

Comprehensive Income (USD)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net loss:(374,227)(489,341)(909,254)(999,852)
Comprehensive loss, net of tax, attributable to parent:(374,227)(489,341)(909,254)(999,852)

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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